In this issue


Free Read‘Bahrain Spirit‘, Teekay LNG’s first FSU, has been delivered to charterer Bahrain LNG. The vessel was delivered by Daewoo Shipbuilding & Marine Engineering (DSME) shipyard at the end of August,…
Thursday, 11 October 2018
Qatar Petroleum (QP) is to build a fourth mega-LNG train, boosting the country’s future LNG production capacity to 110 mill tonnes per year. 
Thursday, 11 October 2018
South Korean private equity firm Hahn & Co was reported to have acquired a 90% stake in SK Shipping for about $1.35 bill. 
Thursday, 11 October 2018
Höegh LNG, Stolt-Nielsen (SNL) and Golar LNG are to jointly invest $182 mill in Avenir LNG. 
Thursday, 11 October 2018
Free ReadA contract was signed between the parent company of Eesti Gaas (Estonia’s energy company) and Damen Shipyards Group to build the first of a series of short-sea LNG bunker vessels.…
DNV GL has partnered with Flex LNG to facilitate safe implementation and operation of new shipboard technologies.
Cyprus’ natural gas public company (DEFA) has published tender documents for the design, construction, and operation of the proposed Vassilikos LNG import terminal. 
Free ReadWoodside has appointed Bechtel as the preferred execution contractor for the proposed expansion of its Pluto LNG facility in Western Australia. The company said it will work closely with Bechtel…
Thursday, 11 October 2018
Royal Boskalis Westminster (Boskalis) has won the dredging contract for the development of the first large-scale LNG export facility in Kitimat, Canada (LNG Canada) following the final investment decision (FID)…
Thursday, 11 October 2018
On 28th September, NYK signed a contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, to charter a newly built LNGC for seven years with an…
Thursday, 11 October 2018
To encourage more LNGCs to transit the Suez Canal, the Suez Canal Authority (SCA) has issued an amendment to circular 7/2017. 
Free ReadOn 1st October, the Panama Canal handled four LNG ship transits in a single day through the Neopanamax locks. With this milestone, the Panama Canal broke the record set on…
Thursday, 11 October 2018
The US Federal Energy Regulatory Commission (FERC) has issued a draft environmental impact statement (EIS) for the Port Arthur Liquefaction project proposed by Port Arthur LNG and PALNG Common Facilities…
OLT Offshore LNG Toscana has announced the availability of a peak shaving tender.

News Nudges

LNT gets LR approval

Lloyd's Register (LR) has awarded Approval in Principle (AiP) to Norwegian technology provider LNT Marine (LNT) for its patented LNT A-BOX cargo containment system. This system has been developed for medium to large scale LNGCs, and is claimed to make their construction easier and more cost effective, together with the proprietary LNG Fuel-BOX fuel tank system, which offers an ammonia-ready LNG fuel tank system.

Platts in DES Southeast Asia LNG (SEAM) assessments launch

Platts, part of S&P Global Commodity Insights, is to publish DES Southeast Asia (SEAM) price assessments reflecting the value of spot LNG cargoes delivered into Southeast Asia. From 16th October, the assessments will be published as a differential to Platts JKM, as well as on an outright basis. Southeast Asian LNG imports have grown significantly over the last two years and are expected to grow further as new importing countries enter the market. Cargoes delivered ex-ship (DES) to Thailand will be considered as the basis of the assessment. Prices of LNG spot cargoes delivered into Singapore, the Philippines or Vietnam may be normalised. Platts will assess cargoes for delivery in the third, fourth, fifth and sixth half-month cycles forward from the date of publication. The SEAM monthly assessment will be based on the average of the two DES Southeast Asia LNG half months that match the JKM delivery month period. DES Southeast Asia assessments will reflect a quantity of 3.4 TBtu. This volume will be subject to plus/minus 5% operational tolerance, at the seller's option. Platts standards will reflect LNGCs of above 135,000 cu m.

DET to start regas auctions

German public sector operating company, Deutsche Energy Terminal GmbH (DET), is to hold auctions for regasification capacities, including storage and send-out. In two digital auction rounds, which are due to start on 16th and 23rd October, 2023, respectively, interests will be able to acquire utilisation rights for the first short-term capacities in 2024 at the Brunsbüttel and Wilhelmshaven 1 terminals. Further short-term capacities at the Stade and Wilhelmshaven 2 terminals are due to be offered in another auction round in December, 2023. Long-term capacity marketing with a term of more than a year is planned for April, 2024.

Ships - Sales, charters, deliveries

MISC Berhad (MISC) is to sell and charter two LNGCs to Japanese shipowner, Nissen Kaiun. Under the terms of the transaction, MISC will transfer ownership of the LNGCs to Nissen Kaiun, and also sign a charter agreement with Eaglestar and Synergy Marine as the shipmanagers. The first of the two vessels is expected to be delivered to Nissen Kaiun in the fourth quarter of this year. COSCO Shipping Energy Transportation (CSET) is to take a stake in three newbuilding LNGCs. COSCO Shipping LNG Investment will acquire a 49% stake in three single ship companies set up by Japanese Mitsui OSK Lines, (MOL) in Liberia. The three 174,000 cu m LNGCs will be built at Hudong-Zhonghua for delivery in 2028 at a price of around $241 mill per ship. They are to be chartered to ENN LNG, a Singapore-based subsidiary of China’s ENN Natural Gas. At the same time, CSET’s Board gave approval for the financing of the construction of two LNGCs for Shanghai COSCO Shipping Liquefied Natural Gas Investment. Earlier this month, the 172,000 cu m Ice Class LNGC ‘Alexei Kosygin’ was named at the Zvezda Shipbuilding complex. At the naming ceremony, Russian President, Vladimir Putin, said; ”The development of this fleet is of great importance to our country, which is an Arctic power, in order to implement our long-term strategy for developing the Arctic, ensuring reliable transport along the Northern Sea Route, global transport and logistics routes and strengthening our country and the entire world’s energy security.” Also reported this month was the delivery of the 174,000 cu m LNGC ‘Paris Knutsen’. She was built by Hyundai Samho Heavy Industries and is the seventh LNGC to be long term chartered to Shell in the series. ‘Paris Knuten’ is fitted with an MAN ME-GA engine plus an HI-ALS air lubrication system.

For Qatargas read QatarEnergy LNG

Qatar’s giant energy company, Qatargas has been rebranded as QatarEnergy LNG. At present, the company operates 14 LNG trains with a total annual production capacity of 77 mill tonnes, which makes QatarEnergy LNG the world’s largest LNG producer. Established in 1984, QatarEnergy LNG develops and produces hydrocarbons from the world’s largest non-associated natural gas field. In addition, QatarEnergy LNG is also a leading exporter of natural gas, helium, condensate and associated products, the company claimed.