In this issue


Teekay Tankers has announced the sale of its non-US ship-to-ship (STS) transfer business.
At a conference held in Rome last month, discussions mainly centred around the short and mid term markets.
Free ReadWood Mackenzie’s Asia/Pacific Vice Chair, Gavin Thompson, has commented on how the Phase One signing of the trade agreement between US and China earlier this month, will affect the LNG…
PETRONAS, through its subsidiary, PETRONAS LNG Ltd (PLL), has signed a Heads of Agreement (HOA) with Shenergy Group Company Limited (Shenergy) to supply around 1.5 mill tonnes per year of…
At the beginning of this year, Pavilion Energy Pte Ltd completed the purchase of Iberdrola’s portfolio of LNG and gas assets, and launched its Europe operations.
UK-based shipbroker and consultancy Clarksons completed the first LNG freight futures trades on CME between commodity traders Vitol and Trafigura on 23rd December last year.
Free ReadGreek utility concern Gastrade has launched the second phase of its market test for the LNG terminal at Alexandroupolis. This is the binding bidding phase for capacity reservations in the…
Thursday, 23 January 2020
French LNG gas supplier, Elengy has announced that the Fos Tonkin LNG terminal, located at Fos, will continue operations until 2028.
Thursday, 23 January 2020
Freeport LNG has started commercial operations for the second liquefaction train out of its three train facility.
Thursday, 23 January 2020
The hull of Eni and Area 4’s FLNG ‘Coral Sul’ has been floated out in Geoje, South Korea.
Thursday, 23 January 2020
According to industry sources, Indian Oil Corp (IOC) is seeking six LNG cargoes for delivery between April and December this year.
Thursday, 23 January 2020
Free ReadNew Fortress Energy has agreed a fully committed $800 mill term loan facility. This facility was provided by funds and accounts managed by affiliates of Apollo Global Management, together with…
Thursday, 23 January 2020
Höegh LNG Holdings has received a commitment letters for a revolving credit facility of up to $80 mill.
Thursday, 23 January 2020
Last year was a record-breaking 12 months for LNGSTS having carried out 112 open water LNG ship-to-ship (STS) cargo transfers.

News Nudges

‘K’ Line and Knutsen orders

As well as the orders reported elsewhere, ‘K’ Line has signed a timecharter contract for two LNGCs with PETRONAS for 12 years, option 12 years. The charters will start from 2022 and as a result, ‘K’ Line has ordered two 79,960 cu m LNGCs at Hudong-Zhonghua Shipbuilding Co Ltd. These are the first long-term t/c contracts between PETRONAS and ‘K’ Line using newbuildings. Each vessel will be fitted with an X-DF engine. They will ship LNG from Malaysia (Bintulu) to Shenergy (Group) Co, Ltd, China. Elsewhere, to cover the recently announced Shell charter, Knutsen has ordered two 174,000 cu m LNGCs at Hyundai Samho. They will also be fitted with X-DF engines, boil off management plants, air lubrication systems and shaft generators.

Zeebrugge in record year

Fluxys has claimed that 2019 was a ‘very intense record year’ for operations at its Zeebrugge LNG terminal. The Belgian terminal operator said that last year: 2,620 LNG trucks were loaded (compared to 1,453 in 2018); 91 cargoes were unloaded (from 33 in 2018); and 40 cargoes were reloaded (from 25), of which 20 were ‘small scale reloads’. For 2020, we expect even more transhipment operations as the fifth LNG storage tank of 180,000 cu m capacity was fully operational since December, 2019, the company explained.

More cargo orders reported

There were several LNG cargo orders circulating, according to the newswires, many coming from Indian importers. For example, India’s Reliance Industries is seeking five cargoes for delivery between April and June. Gujarat State Petroleum Corp (GSPC) is asking for nine cargoes for delivery between February and April. Indian oil Corp is looking for a cargo for delivery in April to be supplied to the Dahej terminal on 6th April. Gail (India) has bought an LNG cargo for delivery this month, according to industry sources. It bought the cargo for delivery into Dabhol, India, on a delivered ex-ship (DES) basis for 23rd to 28th February at $2.4 to $2.5 per mmBtu, the sources said. In a separate deal, Gail sold a cargo from the US Cove Point export facility on a DES basis into Europe for a February/March delivery, and probably did not award another cargo it had offered for loading in April from Cove Point, a source told Reuters. Inpex Corp. has a sold an LNG spot cargo from its Ichthys LNG project in Australia to Engie, according to a Reuters report. It is due to be loaded between 7th and 19th March on a free-on-board (FOB) basis. The cost was reported to be around $2 per mmBtu. PTT – the state-owned Thai energy company – is currently looking for one or two LNG cargoes for delivery February/March. Finally, the Sakhalin 2 LNG plant has sold an LNG cargo to Mitsui for loading on 16th March.

Tianjin top Chinese LNG importer

North China's Tianjin port was ranked the first in LNG imports last year, accounting for 10.77% of country's total port imports of LNG, according to the Tianjin Customs, reported Xinhua. LNG imports through Tianjin surged by 56% to 10.2 mill tonnes in 2019. The imports came from 10 countries, including Australia, Russia and Nigeria.

GTT receives more orders from Hyundai

GTT has received orders from Hyundai, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two LNGCs. Each vessel will have a capacity of 174,000 cu m. GTT will design the vessels’ tanks, which will be fitted with the Mark III Flex membrane containment system. The first LNGC will be built in HSHI shipyard on behalf of an unidentified Asian shipowner. This vessel delivery is scheduled for the second quarter of 2022. The second LNGC will be built at HHI for SK Shipping Co. and will be delivered during the third quarter of 2022.