In this issue

 

Thursday, 18 March 2021
Vitol has launched a Green LNG product for its LNG customers looking to mitigate carbon emissions.
Free ReadNigeria’s Department of Petroleum Resources (DPR) has awarded a licence to privately-held company UTM Offshore to allow it to establish Nigeria’s first FLNG production plant. UTM Offshore plans to install…
The third LNG production unit shutdown at Chevron’s Gorgon plant in Western Australia will occur during the second quarter of this year.
Tokyo Gas has joined 14 other Japanese companies to form the Carbon Neutral LNG Buyers Alliance.
Free ReadExcelerate Energy, ExxonMobil LNG Market Development and the Albanian Ministry of Infrastructure are to conduct a feasibility study aimed at developing an LNG facility. The terminal and a power plant…
Leading tanker and LNG player, PAO Sovcomflot (SCF) has reported a 2020 net profit increase of 18.4% to $266.9 mill, while EBITDA rose by 9.8% to $903.4 mill.
Manila-based Atlantic Gulf & Pacific Co (AG&P) has received a Notice to Proceed (NTP) from the Philippines’ Department of Energy (DOE).
Thursday, 18 March 2021
Dynagas LNG Partners has registered a 92.7% increase in its fourth quarter 2020 net income to $10.6 mill, compared to the $5.5 mill reported for 4Q19.
Free ReadNextDecade and Bechtel Oil, Gas and Chemicals have completed a pricing review on the lump-sum turnkey engineering, procurement, and construction (EPC) agreements for the first three trains at the Rio…
Thursday, 18 March 2021
Qatar Petroleum (QP) has signed an interim agreement aimed at developing new medium and large LNGC designs.
Thursday, 18 March 2021
Through subsidiaryTrelleborg Industrial Solutions, Trelleborg has finalised the acquisition of the Dutch Gutteling Group.
Free ReadHyundai Heavy Industries Group (HHI) is to transfer its LNG shipbuilding technology to medium-sized shipbuilders. This move is to pave the way for its merger with Daewoo Shipbuilding & Marine…
Thursday, 04 March 2021
Global LNG trade increased to 360 mill tonnes in 2020, according to Shell’s latest annual LNG Outlook published last week.
Thursday, 04 March 2021
GasLog Ltd has agreed to merge with BlackRock’s Global Energy & Power Infrastructure team (GEPIF).

News Nudges

Pieridae appoints new COO

Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, has appointed Darcy Reding as the company’s new COO. Reding succeeded Tim de Freitas who left the firm in January. He was described as a professional engineer with 30 years of success in small and mid-sized private and public upstream oil and gas companies, with 20 years in leadership roles. The new COO said his focus would be to ensure the safe operations of the company’s upstream natural gas infrastructure and strengthen the technical and economic readiness of the drilling inventory that provides the feedstock for the Goldboro LNG project. Goldboro LNG in Nova Scotia will include two liquefaction facilities each with a capacity of 4.8 mill tonnes of LNG each year. Pieridae has a 20-year binding contract with German energy firm Uniper for the total volume from the first liquefaction train but has delayed the final investment decision (FID), which it hopes to take by the end of June.


Golar’s Ross resigns

Golar LNG’s Iain Ross has tendered his resignation from the company. The contractual termination period is six months, however the final duration can be prolonged or reduced upon mutual agreement, Golar said. Golar LNG is currently in the final stages of closing the sale of its 50% interest in Hygo Energy Transition and 32% interest in Golar LNG Partners to New Fortress Energy (NFE) for a total of about $5 bill. The majority of the closing conditions have been completed, including prepayment notices issued to several of GMLPs lenders. Closing of the transactions is expected shortly, Golar said. Golar’s Board will immediately start the process to recruit Ross’ successor, it said.


Excelerate hits 2,000 STS

Excelerate Energy completed its 2,000th commercial ship-to-ship (STS) LNG transfer on 3rd April, 2021. The transfer occurred at Excelerate's Moheshkhali floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal. Using Excelerate's FSRU ‘Excellence’ and a conventional LNGC, 144,191 cu m of LNG were transferred using the double-banked LNG transfer system. To date, Excelerate has transferred over 236,405,000 cu m of LNG using this STS protocol, the company claimed. Excelerate conducted the industry's first commercial STS transfer of LNG in 2007. Since then, STS transfers have been commercially accepted and proven in a wide range of environments, including open ocean and protected bodies of water at various locations between the LNG load ports and market delivery points. The company has imported over 157 cargoes of LNG and delivered an excess of 500 mill MMBtu of natural gas into the Bangladeshi market to date. Last month, the country reached its highest level of gas output with around 837 mill cu ft per day of natural gas as the government continued to increase its LNG imports to meet the rising domestic demand.


LNGC deliveries, etc

Several LNGCs were reported delivered recently, including two for TMS Cardiff Gas and one for BW LNG. The TMS Cardiff vessels were the 174,000 cu m ’LNGShips Athena’, which sailed from Hyundai Heavy Industry’s Ulsan shipyard, while the similar capacity ‘LNGShips Empress’ left Samsung Heavy Industry’s Geoje shipyard. Both LNGCs are term chartered to Shell, together with the sistership ‘LNGShips Manhattan’, which is due to be delivered later this month from HHI. BW LNG’s delivery, ‘BW Lesmes’ is chartered to BP. Elsewhere, the 170,000 cu m FSRU ’Ertugrul Gazi’ was also delivered in March to Turkey's state-run gas supplier Botas (see page 3). Later it was also reported that Latsco Shipping, a unit of the Latsis Group, had taken delivery of its first LNGC, the 174,000 cu m ‘Hellas Diana’ from Hyundai Samho Heavy Industries. Latsco ordered two X-DF sisterships via Consolidated Marine Management at the shipyard in November, 2018. Commodity trader Trafigura has chartered both vessels, according to VesselsValue data. The second vessel ‘Hellas Athina’ is due for delivery later this year. France LNG Shipping, a joint venture between NYK and Geogas LNG, has taken delivery of the 174,000 cu m ‘LNG Adventure’, which has gone on charter with Total Gas & Power. She features a WinGD X-DF engine and was delivered on 31st March from Samsung Heavy Industries. The LNGC will be operated by Marseille-based shipmanager, Gazocean, which became an NYK subsidiary last October. Another company to receive its first LNGC recently was Danish investment firm Navigare Capital Partners. The 174,000 cu m ‘Marvel Swan’ was delivered by Samsung and will go on charter to Japan’s trading house Mitsui & Co to ship Mitsui’s offtake volumes from Sempra’s Cameron LNG plant in Louisiana. She is managed by Pronav, part of the Schulte Group, and is one of eight LNGCs chartered by Mitsui. Brokers have reported that the 1984-built, 132,588 cu m LNGC ‘Atlantic Energy’ arrived at Chattogram for recycling on 8th April. She had been laid up near Labuan for several months.