In this issue


High prices and the demand for energy security could lead to $100 bill in new US developments to support long-term growth, according to a new report from Wood Mackenzie (Woodmac). 
Europe’s increased need for LNG looks set to intensify competition with Asia for the limited new supply available over the next two years. 
Thursday, 02 March 2023
Free ReadOn 20th February, 2023, the Leviathan partners approved a $96.4 mill for Front End Engineering and Design (pre-FEED) for Phase 1B of the Israeli offshore Leviathan gas reservoir development project.  This…
Thursday, 02 March 2023
Last month, Venture Global LNG signed another three SPAs - two with China and one with a US concern. 
Independent oil and gas developer, Perenco has reached a final investment decision (FID) for a 700,000 tonne per annum LNG facility at the Cap Lopez terminal in Gabon, West Africa. 
Thursday, 02 March 2023
Free ReadCheniere Energy Partners’ subsidiaries have started the pre-filing review process for the proposed Sabine Pass Stage 5 Expansion Project (SPL).  This review process comes under the US National Environmental Policy…
Thursday, 02 March 2023
OLT Offshore LNG Toscana has published the available capacity for the annual and multi-year allocation process with expression of interest until gas year 2033/2034. 
Gulfstream LNG Development, a recently launched mid-sized greenfield LNG export project, has filed an application to the US Department of Energy (DOE) seeking authorisation to export gas. 
Höegh LNG Partners has reported a net loss of $4 mill and an EBITDA of $51.9 mill for the fourth quarter of last year. 
Thursday, 02 March 2023
Free ReadGolar LNG Limited has reported 2022 annual net income of $788 mill, compared to $414 mill for 2021.  The fourth quarter net income was $71 mill and adjusted EBITDA was…
Paris-based service group GTT reported that 2022’s consolidated revenues totalled €307.3 mill, down 2.4% compared to the previous year. 
In a business update, Cool Company Ltd (CoolCo) said it had generated total operating revenues of $90.3 mill for the fourth quarter of last year, compared to $65.8 mill for…
Thursday, 02 March 2023
Free ReadAwilco LNG, the Norwegian listed owner of two LNGCs, achieved a net result of USD 4.9 mill and profit per share of $0.04 for the fourth quarter of last year,…
Chevron Shipping Co has entered into an agreement with Sembcorp Marine Repairs & Upgrades, a wholly owned subsidiary of Sembcorp Marine Ltd, to reduce the carbon intensity of its LNGC…

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.