In this issue

 

During last week’s official visit of the Chinese President Xi Jinping to Russia, PAO NOVATEK, Sinopec and Gazprombank signed a Heads of Agreement to establish a joint venture to market…
Free ReadTotal is to takeover Toshiba’s LNG portfolio in a bid to become a major US LNG player. This includes a 20-year tolling agreement for 2.2 mill tonnes per annum of…
Flex LNG Ltd has reported a net loss of $3.4 mill and loss per share of $0.06 for the first quarter 2019, compared to net income of $15.2 mill and…
Höegh LNG Holdings has reported total income of $84.3 mill for the first quarter of 2019, compared with $122.3 mill in the preceding quarter.
Thursday, 13 June 2019
Free ReadDynagas LNG Partners announced that the net Income for the three months ended 31st March, 2019 was $1.9 mill, compared to $4.8 mill in the corresponding period of 2018, a…
Thursday, 13 June 2019
EXMAR has completed the commissioning of the ‘Tango FLNG’.
Nakilat-Keppel Offshore & Marine (N-KOM) completed its 200th LNGC repair recently.
Free ReadOn 5th June, 2019, Mitsui OSK Lines (MOL) signed a Memorandum of Understanding with the St Petersburg-based Admiral Makarov State University of Maritime and Inland Shipping. This MOU reconfirms and…
Australian Industrial Energy (AIE) has awarded the contract for the construction of Port Kembla Gas Terminal’s wharf and pipeline to the SCSB joint venture.
ABB has opened an ice-going vessel service centre in Murmansk.
Bechtel has been awarded the engineering, procurement, and construction (EPC) contract by NextDecade for the first phase of its Rio Grande LNG project.
Free ReadSaipem, in a joint venture with McDermott International and Chiyoda Corp, has reached agreement with Area 1 Concessionaires for an EPC contract to engineer and construct an onshore LNG project…
China has recently announced that it would increase the tariff on US LNG imports to 25% from 10% next month.
The US Federal Energy Regulatory Commission (FERC) has approved the construction of Freeport LNG’s Train 4 expansion project.

News Nudges

GTT to fit Maran Gas quartet

Last Month, GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design for four new 174,000 cu m LNGCs on behalf of Maran Gas. The delivery of the ships is planned between the end of 2021 and early 2022.


Awilco confirms charter

Awilco LNG has confirmed that the 2013-built 156,000 cu m TFDE ‘WilPride’ has been inspected and accepted by an undisclosed charterer and was due to be delivered on or about 10th July, 2019. The eight month timecharter is estimated to contribute an annualised EBITDA of about $23 mill during the period, the company said.


MOL names another MOSS type LNGC

Mitsui OSK Lines. (MOL) has named a newbuilding LNGC ordered by Trans Pacific Shipping 8 Ltd, a 50:50 joint venture between MOL and JERA, at the Sakaide Works of Kawasaki Heavy Industries. She was named ‘Sohshu Maru’ and is fitted with a DFDE propulsion system. The MOSS type 177,000 cu m LNGC will transport natural gas purchased by JERA from the US Freeport LNG project, plus other suppliers.


Landbridge to develop Rizhao LNG terminal

Shandong Landbridge Group is to build an LNG receiving terminal at Landbrige Port in Rizhao in conjunction with the Beijing Energy Group. Under the agreement, the two parties will invest RMB6.7 bill (about $973 mill) to construct the terminal, which will have a design capacity to handle 5 mill tonnes of LNG per year. In addition, the two companies said that they plan to jointly develop overseas energy projects.


FERC updates

The US Federal Energy Regulatory Commission (FERC) has prepared a draft environmental impact statement (EIS) on the construction and operation of the Alaska LNG Project.The project was proposed by the Alaska Gasline Development Corp (AGDC) to commercialise the natural gas resources of Alaska’s North Slope, by converting the existing natural gas supply to LNG for export and also provide gas for users within the State of Alaska. The draft EIS comment period closes on 3rd October, 2019. FERC has also said that it intends to prepare a supplementary environmental review for the proposed expansion of production capacity at Magnolia LNG facility in Lake Charles.