LNG

In this issue

 

Thursday, 12 December 2019
Freeport LNG started commercial operations with its first liquefaction train on 8th December, 2019.
Thursday, 12 December 2019
Free ReadEarlier this month, the Canada Energy Regulator (CER) approved a revised application from Chevron Canada to export LNG for a period of 40 years. This was an increase from the…
Thursday, 12 December 2019
Polish Oil and Gas Co (PGNiG) is to be the sole user of the small-scale LNG reloading station in Klaipeda, Lithuania for five years.
GTT has signed a technical assistance and license agreement (TALA) with Chinese shipyard WISON Offshore & Marine (WOM).
Thursday, 12 December 2019
Bureau Veritas Marine & Offshore (BV) has granted approval in principle (AiP) to the design for a 19,000 cu m LNG bunkering vessel with a GTT membrane type tank.
Thursday, 12 December 2019
Free ReadThe Korean Register (KR) and Hyundai LNG Shipping (HLS) signed a memorandum of understanding (MOU) on 2nd December, agreeing to conduct joint research on the application, verification and development of…
Thursday, 28 November 2019
As the LNG spot market continues to mature it will behave more like other bulk shipping sectors, influenced by geopolitical and financial factors, a new report suggests.
The US has accounted for the world’s highest volume of global long-term LNG export contracts this year, according data and analytics company, GlobalData.
Thursday, 28 November 2019
Free ReadQatar Petroleum (QP) announced earlier this week that it will raise its LNG production capacity to 126 mill tonnes per annum by 2027.  This amounts to an increase of 64%…
Thursday, 28 November 2019
The US Federal Energy Regulatory Commission (FERC) has approved four LNG export projects and related facilities.
Thursday, 28 November 2019
Gunvor and Commonwealth LNG have entered into a LNG marketing & gas supply agreement whereby the trading house will secure the exporter’s full capacity offtake.  
Free ReadThe first US LNG cargo bound for the Ukraine has arrived at the Polish receiving terminal at Swinoujscie.  This shipment represents the start of an alternative, non-Russian gas supply for…
Thursday, 28 November 2019
Free ReadIndependent infrastructure fund manager, DIF Capital Partners, has signed an agreement with Geogas Maritime and Access Capital Partners, to acquire a 50% stake in a French company that will own…
Thursday, 28 November 2019
Teelay LNG Partners has reported a considerable increase in net income in the third quarter of this year.

News Nudges

OLT Offshore outlines forward capacity

OLT Offshore LNG Toscana has confirmed that the products in which the continuous capacity is made available for allocation from gas year 2021/2022 to 2032/2033 has been published on its website. This allocation implements new terms introduced by the Regasification Code approved on 24th March, 2020, by the Italian Regulatory Authority for Energy, Networks and Environment (ARERA). One of the key changes is the possibility for users to express a preference for both 155,000 cu m and 180,000 cu m capacity slots in the annual and multi-year allocation. OLT will offer six 180,000 cu m slots and 34 x 155,000 cu m slots. Offers can be submitted through the PAR from 27th May, 2020.


FERC asked to continue monitoring projects

Five US Representatives have sent a letter to the Federal Energy Regulatory Commission (FEC), asking for business to continue as usual during the pandemic. The letter, addressed to FERC Chairman, Neil Chatterjee, called for an outright rejection of a moratorium on approving and constructing new LNG projects during the COVID-19 pandemic, saying that such measures were essential to energy security.


Gasum closes acquisitions

Nordic energy company Gasum closed the acquisition of Linde AG’s LNG and Biogas business in Sweden and Norway and Nauticor’s Marine Bunkering business in Germany on 30th April, 2020. In the transactions, around 35 employees, a customer base and several assets were transferred to Gasum. The businesses generate annual revenues of more than €100 mill. On 6th May, Gasum subsidiary the Hamburg based LNG supplier Nauticor, conducted the first ship-to-ship LNG bunkering operation on a product tanker in Germany. The bunkering operation on ‘Ramelia’ was conducted at Brunsbüttel on the river Elbe.


Senior management changes

GasLog and GasLog Partners CFO, Alastair Maxwell, is to step down from his position on 30th June, 2020. As a result, Achilleas Tasioulas, currently Deputy CFO, will be promoted to CFO on 1st July, 2020. Maxwell’s resignation is due to GasLog’s decision to relocate its senior management, including the CFO, to Greece. Golar LNG Partners has appointed Karl Fredrik Staubo as an interim CEO. This follows Graham Robjohns, decision to step down from 30th April, 2020 as announced last year.


GasLog’s two new LNGCs

On 11th May, GasLog took delivery of the ‘GasLog Wales’, an 180,000 cu m LNGC fitted with a 2-stroke X-DF propulsion system. Upon her delivery from Samsung, she commenced a 12-year charter with JERA. Earlier, on 1st April, GasLog took delivery of her sistership ‘GasLog Windsor’. Despite the industrial disruption in South Korea caused by the COVID-19 outbreak, the vessel was delivered on time and on budget. Upon her delivery, she immediately commenced a seven-year charter with Centrica. Both newbuildings are fitted with a GTT Mark III Flex+ containment system. GasLog has another five LNGCs building at Samsung.


Hudong wins domestic LNGC order

Brokers have reported that a joint venture involving CSET and PetroChina has ordered three, option three LNGCs from Hudong- Zhonghua. The 175,000 cu m vessels, valued at $185 mill each, will be delivered in 2022.