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.