In this issue

 

Wednesday, 25 November 2015
The Pakistan State Oil Co (PSO) has launched two tenders to buy 120 LNG cargoes over five years, following earlier purchases from Egypt and Jordan this year.
Moscow-based shipping concern, Sovcomflot (SCF), reported that its gas shipping division saw an increase of 67.5% in its timecharter equivalent (TCE) results during the first nine months of this year.
Daewoo (DSME) has completed the impact testing for the world’s first ice breaking LNGC.
British Columbia’s (BC) Nanaimo Port Authority is to develop a new navigation system programme.
On 10th November, Mitsui OSK Lines (MOL) held a naming ceremony for the newbuilding LNGC ‘LNG Jurojin’, which is co-owned by MOL and Kansai Electric Power (KEPCO), at the Nagasaki…
Wednesday, 25 November 2015
On 10th November, Alexey Miller, Gazprom Management Committee chairman and Nizar Al-Adsani, Chief Executive Officer and Deputy Chairman of Kuwait Petroleum Corp (KPC) signed a Memorandum of Understanding outlining the…
Wednesday, 25 November 2015
Some 71 Bonny Gas Transport (BGT) employees have completed an 18 month industrial training programme at Hyundai Heavy Industries (HHI).
In a blow to US gas imports, New York Governor Andrew Cuomo has vetoed the Port Ambrose Liquefied Natural Gas Deepwater Port project, citing security and economic concerns along with…
Rotterdam-based not for profit organisation Green Award Foundation now has 50 LNGCs certificated in addition to tankers, drybulk carriers and inland waterway barges.
Wednesday, 25 November 2015
Samsung Heavy Industries (SHI) held a keel laying ceremony for Petronas’ second floating liquefaction plant, ‘Petronas Floating LNG2’ (PFLNG2), in Geoje Island, South Korea on 28th October.
Transas has installed a fifth simulator for high-level Dunkirk pilot training.
In a boost to Australian gas loading volumes, BG Group announced this week that commercial operations began from a second train at its Queensland Curtis LNG (QCLNG) plant.
Cryogenic valve specialist, Parker Bestobell Marine, has launched a compact version of its float isolation valve (FLIV).
Iran has reportedly signed preliminary agreements with South Korean, German and Chinese shipbuilders to build LNGCs.

News Nudges

Höegh undertakes tap issue

Höegh LNG Holdings said that it had successfully completed a tap issue of NOK160.5 mill. This issue was under its existing senior unsecured bonds with maturity date 30th January 2025. It was exercised on a reversed inquiry basis as a switch from NOK150 mill in the company’s senior unsecured bonds with maturity date 1st February, 2022. Following the transaction, the company will offer investors to participate on equal terms in a further tap issue. Danske Bank, Nordea and Swedbank has been mandated to facilitate the tap issue.


USCG looks at LNG fuel handling

The US Coast Guard (USCG) is to amend its regulation concerning waterfront facilities handling LNG and liquefied hazardous gas (LHG). The proposed rule would make the following three changes. 1) It would revise the USCG’s existing regulations to allow waterfront facilities handling LNG as fuel to conduct an operational risk assessment instead of a waterway suitability assessment (WSA) without first obtaining Captain of the Port approval. 2) It would revise existing regulations to update incorporated technical standards to reflect the most recent published editions. 3) For the waterfront facilities handling LNG, which must comply with the WSA requirements, the proposed rule would require these facilities to provide information to the USCG regarding the flag of vessels transporting LNG that are anticipated to be servicing the facilities, and the nationality or citizenship of officers and crew serving on board those vessels. Comments must be received by 4th December.


Melkoeya not to reopen until next year

Equinor has said that its Melkoeya LNG export plant is not expected to resume output until 1st January, 2021. This follows a fire in one of the plant’s electricity generating turbines on 28th September, the company said in a regulatory statement. Melkoeya is Europe’s only large-scale LNG plant and can process 18 mill cu m of gas per day, which is piped from the offshore Snoehvit field some 160 km away in the Barents Sea.


Recent charters and newbuildings

Broking sources have reported that CNTIC VPower had chartered the 2007-built, 145,000 cu m ‘Methane Alison Victoria’ for three years at $30,000 per day. She is to be used as an FSU. In addition, Nakilat has reported that its latest ME-GI propulsion LNGC, ’Global Energy’, has been fixed to Cheniere Marketing International. ‘Global Energy’ was the first newbuild LNGC fitted with an ME-GI propulsion unit to join Nakilat’s fleet and the first of four in a joint venture with Maran Ventures. As for newbuilding contracts, Daewoo Shipbuilding & Marine Engineering (DSME), said Monday that it has signed deals worth Won2 trill ($1.7 bill) to build six LNGCs for two European interests. Under two separate contracts, DSME will deliver the vessels to the European companies by July and December, 2023, respectively, the shipbuilder said in regulatory filings, without revealing the names of the clients, Yonhap reported.


BW LNG starts FSRU conversion project

BW Group subsidiary BW LNG has issued an update to its El Salvador FSRU conversion project. At the end of last month, a strike steel ceremony took place at the Keppel Shipyard, which marked the physical start of the ‘BW Tatiana’ FSRU conversion process for an LNG-to-power project in El Salvador. BW LNG signed a contract last year to supply an FSRU with US-based private energy company Invenergy that is developing El Salvador’s first LNG-to-power project. Inverengy is the main shareholder of Energía del Pacífico, the company behind the project, which is currently under construction at Acajutla. Shell is to supply LNG for the project under a long-term deal signed with Energía del Pacífico. Besides the floating LNG import facility, the project includes the construction of a 378 MW natural gas-fired power plant with transmission facilities.


Chevron’s Australian export plants to undergo maintenance

Chevron Corp is planning to progressively shut production units at its LNG export plants in Western Australia for maintenance during 2021/2022. More than one-and-a-half of a train will be closed at its Gorgon LNG export plant from 26th April to 14th July next year, according to a notice on Chevron’s website. The company is also planning to shut more than one LNG train at Wheatstone from 2nd September to 7th October, 2021, and more than one-and-a-half of another Wheatstone train from 4th April to 9th May, 2022.


First Q-Max at Montoir-de-Bretagne

A Q-Max recently berthed at Elengy’s Montoir-de-Bretagne terminal for the first time. The ‘Al Mayeda’ arrived at the terminal, located in the port of Nantes/St Nazaire. Regularly renovated and modernised, the site can now handle Q-Maxes. In the past few years, the terminal has been heavily involved in European LNG transhipment operations making use of its two berth layout.