In this issue

 

Thursday, 08 December 2016
Houston-based Cheniere Energy is preparing to send its first LNG cargoes from the Sabine Pass export terminal on the US Gulf Coast to Asian customers.
Thursday, 08 December 2016
Around 300 spot fixtures are expected to be concluded this year, a significant rise from around 190 voyages concluded last year, Golar LNG said in a market commentary.
Thursday, 08 December 2016
Sempra Energy’s LNG subsidiaries have filed applications with the US Federal Energy Regulatory Commission (FERC) for permission to site, construct and operate the proposed Port Arthur LNG liquefaction facility along…
Thursday, 08 December 2016
The US Liquefied Gas Carrier National Centre of Expertise (LGC NCOE) recently delivered a three-day LNG training seminar to the Panama Canal Authority, Panamanian Government and local first responders.
Cochin Shipyard’s (CSL) bid to build a larger drydock at its shipyard at Thevara, which will enable it to construct large LNGCs, has been granted environment and CRZ clearance from…
The Harris Pye Engineering Group has been awarded a contract by an unnamed Chinese LNG company to convert six large LNGCs to burn low sulphur diesel oil (LSDO), with options…
Thursday, 08 December 2016
Keppel Shipyard Limited has begun ordering long lead items (LLI’s) required for the conversion of a GasLog or GasLog Partners LP LNGC into an FSRU.
Thursday, 24 November 2016
In its third quarter results presentation (see page 5), Höegh LNG gave a glimpse into the future of FSRUs and LNGCs.
Centrica has signed a Memorandum of Understanding (MOU) with Tokyo Gas, Japan’s largest natural gas utility, aimed at consolidating their respective gas cargoes.
Golar LNG Limited has closed its increased registered offering of 7,475,000 shares of its common stock.
Thursday, 24 November 2016
Golar Power has claimed to have reached a milestone in the Brazilian Sergipe Project with the signing of a long-term LNG sale and purchase agreement (SPA).
Thursday, 24 November 2016
Ophir Holdings & Ventures (Ophir) and OneLNG have signed a shareholders agreement to establish a joint operating company (JOC) to develop the Fortuna project.
Two ‘peak shaving’ tenders have been awarded in Italy. OLT Offshore’s ‘peak shaving’ service has been awarded for the supply of 105,000 cu m of LNG to the ‘FSRU Toscana’.
Thursday, 24 November 2016
With all units operating in accordance with their long-term contracts, Höegh LNG Holdings and its subsidiaries delivered another quarter with stable operating results, the company claimed.

News Nudges

Höegh’s unitholders’ meeting date agreed

Höegh LNG Partners has agreed upon a record date of 22nd August for a special meeting of its unitholders currently planned to take place on 20th September. At this meeting, the holders of the Partnership's common units will vote on the proposed merger with a subsidiary of Höegh LNG Holdings. Partnership common unitholders of record at the close of business on 22nd August will be entitled to receive notice of the special meeting and will be able to to vote at it.


Ships - Newbuildings, sales, deliveries

NYK in partnership with, “K” Line, MISC Berhad, and China LNG Shipping (Holdings), has signed a long-term timecharter contract with QatarEnergy. This involves seven 174,000 cu m LNGCs, which were subsequently ordered by the partners at Hyundai Heavy Industries. They will be fitted with X-DF 2.1 iCER 2-stroke engines and air lubrication systems, both of which will contribute to a reduction of GHG emissions and an improved environmental impact, NYK said. Their deliveries are planned for 2025/2026. Excelerate Energy has signed a letter of intent (LoI) with Hyundai Heavy Industries for an 170,000 cu m FSRU. The vessel will be delivered in 2026, the company revealed during its second quarter results presentation. An option for a second vessel is also under discussion. DSME has confirmed the receipt of an order for a single LNGC from undisclosed interests worth around $238 mill. She is due for delivery in September, 2026. As for vessel deliveries, BW LNG held a naming ceremony for two LNGC newbuildings at DSME’s Okpo Shipyard, on 10th August. Both ships have a carrying capacity of 174,000 cu m, and are fitted with ME-GI propulsion units and full reliquefaction systems. Upon their delivery, ‘BW ENN Snow Lotus’ will go on long term charter to Chinese energy major ENN, while ‘BW Cassia’ will be handed over to bp. Awilco LNG has announced a new timecharter agreement for the ‘WilForce’. The LNGC has been chartered to an undisclosed oil major for around six months. This contract is estimated to contribute with an EBITDA of about $17 mill over the charter period, Awilco said. Earlier, the company had fixed a three, plus two year option charter commencing in December, which will be covered by the ‘WilPride’, which is trading in the spot market until her delivery. Finally, GasLog’s 2007-built, 142,100 cu m steam turbine LNGC ’Methane Shirley Elisabeth’ has been sold to Indonesian interests for $54 mill.


Cove point milestone

Cove Point has shipped its 300th cargo since it started commercial operations in April, 2018. Berkshire Hathaway subsidiary BHE GT&S, the operator of the LNG terminal located in Maryland, said it loaded the cargo at the end of July. BHE GT&S has a 25% stake in the export terminal, while Dominion Energy has 50 % and Brookfield 25%. Cove Point has a storage capacity of 14.6 bill cu ft and a daily send-out capacity of 1.8 bill cu ft. LNG is produced for ST Cove Point, a joint venture between Japan’s Sumitomo Corp and Tokyo Gas, and for India’s Gail under 20-year contracts.


‘Prelude’s’ maintenance postponed

Last week, Shell said that it will defer ‘Prelude’s’ planned maintenance work until next year. The work was due to be undertaken on the giant FLNG next month. Shell cited industrial action at the site off northwest Australia, as the reason behind the postponement. A Shell spokesperson said that the extensive maintenance work, or turnaround, would be put off until next year, with the timing depending on a range of factors, including weather conditions, contractor availability, and when the current industrial action ends. Shell shutdown the 3.6 mill tonne per year FLNG last month over a long-running pay dispute.