LNG

In this issue

 

Thursday, 17 October 2019
Free ReadIn the light of the burgeoning LNG market, Italian broking and research concern Banchero & Costa has taken a look at the state of play.  Looking at the last 10…
The US is forecast to contribute around 73% of global newbuild LNG liquefaction capacity growth by 2023.
Thursday, 17 October 2019
State-owned Pakistan LNG was said to have cancelled a tender to buy LNG over a 10-year period.
South Korean owners are co-operating in a bid to win a large tranche of LNGC orders set to be placed by Qatar Petroleum.
Free ReadAustralian-based independent oil and gas producer Santos has agreed to acquire ConocoPhillips’ northern Australia business for $1.39 bill.  This will give Santos operating interests in Darwin LNG, Bayu-Undan, Barossa and…
Thursday, 17 October 2019
Equinor has shipped the 1,000th gas cargo from its Hammerfest LNG plant in Norway.
Total has signed an agreement with the Adani Group to jointly develop multi energy services for the Indian energy market.
Free ReadWholly-owned subsidiaries of MISC Berhad (MISC), have secured agreements with ExxonMobil Corp’s subsidiary, SeaRiver Maritime to timecharter two LNGCs.  Each of the LNGCs will serve ExxonMobil’s worldwide LNG portfolio under…
Thursday, 17 October 2019
Novatek was believed to be in talks to tranship its Yamal cargoes in Norway or at Murmansk.
Thursday, 17 October 2019
Nakilat has acquired the full ownership of four Q-Flex LNGCs from its joint-venture partner, International Seaways (INSW).
Thursday, 17 October 2019
Free ReadCommercial services have started on the first of 10 liquefaction units of the Elba Liquefaction Co (ELC), a joint venture between Kinder Morgan and EIG Global Energy Partners (EIG).  Previously…
Due to the sanctions recently announced by the US against Chinese tanker companies, Teekay Corp postponed an investor and analyst meeting, which was scheduled to take place in New York…
Thursday, 03 October 2019
Centrica has loaded its first LNG cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Louisiana.
Maritime Pilots Malaysia (MPM) has expressed concern over the possible violation of public and port safety by the planned construction and operation of an LNG terminal at Pulau Indah, Port…

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.