In this issue

 

According to local media, India is attempting to renegotiate LNG deals with Australia and Gazprom.
Thursday, 04 August 2016
Demand outlook for LNGCs with long-term charters remained positive, GasLog Partners said in its second quarter results roundup (see page 3).
Thursday, 04 August 2016
Chevron’s Gorgon gas project in Australia is back to 70% of its rated production capacity after a series of commissioning problems. Full production is not now expected until 2017.
Thursday, 04 August 2016
Maltese Prime Minister Joseph Muscat presided over the sail away ceremony of the LNGFSU ‘Armada LNG Mediterrana’ in Singapore earlier this week.
Last week, the new LNG terminal at Dunkirk, France was put into ‘safe conditions’, due to the presence of liquefied natural gas in its flare stack, causing “LNG projections at…
Representatives from Nigeria LNG and the UK’s Southampton Solent University staff recently commissioned the latest vessel to join the scale ship model fleet at the ship handling centre at Timsbury…
Thursday, 04 August 2016
The US White House Council on Environmental Quality released its final guidance for federal agencies on incorporating the effects of climate change in their National Environmental Policy Act (NEPA) reviews…
The Shell chartered LNGC ‘Maran Gas Apollonia’ is scheduled to pass through the newly enlarged Panama Canal on 25th July, becoming the first gas carrier to use the new locks,…
Thursday, 21 July 2016
The Maritime Administration (MARAD), together with the US Coast Guard and the Federal Energy Regulatory Commission (FERC), has called for comments on the draft environmental impact statement (DEIS) for the…
Houston-based construction company Annova LNG, a subsidiary of Exelon Corp, has filed an application with US Federal Energy Regulatory Commission (FERC) to build and operate a liquefaction and export facility…
Thursday, 21 July 2016
Overseas Shipholding Group(OSG) has filed a registration statement on Form 10 with the US Securities and Exchange Commission (SEC), regarding the company’s plan to separate its international and domestic businesses.
Thursday, 21 July 2016
Monaco-based GasLog has signed a seven-year timecharter contract with UK-based natural gas and energy supplier Total Gas & Power Chartering (Total) for its last LNGC newbuilding without a multi-year contract.
India’s biggest LNG player has unveiled plans to establish a 5 mill tonne LNG terminal in Bangladesh and a 1 mill tonne terminal in Sri Lanka. The Bangladesh terminal is…
Thursday, 21 July 2016
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has posted a 2% increase in its first half net profit of QR501 mill, compared to QR491 mill registered…

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.