In this issue

 

China and the US and are expected to lead capacity growth in the global LNG liquefaction and regasification sectors.
Thursday, 11 June 2020
Free ReadThe US Federal Energy Regulatory Commission (FERC) has received an application from Golden Pass LNG Terminal for permission to increase its production capacity. The project’s stakeholders want to increase the…
Singapore-based Saga LNG Shipping and Indian concern, Venerable LNG signed a Memorandum of Understanding (MoU) on 26th May, 2020 to ship LNG to a terminal and infrastructure project.
Thursday, 11 June 2020
On 25th May, Liquefied Natural Gas Limited (LNG) confirmed that it had terminated a binding sales agreement with Global Energy Megatrend Limited (GEM) Limited.
Following a recent agreement signed with Hudong to build LNGCs, Qatar Petroleum (QP) has now reserved newbuilding slots for more than 100 vessels with three South Korean shipyards.
Free ReadInfraStrata has entered into a term sheet aimed at acquiring Meridian Holdings, which in turn will give it access to a UK FSRU project. If the project is finalised, the…
Pecém has become the first Brazilian port to become a Green Award incentive provider.
The Cyprus Natural Gas Infrastructure Company (ETYFA) has announced that tender submissions for the the engineering team to develop the infrastructure to import LNG were finalised on 21st May.
Major towage company, Svitzer has secured a five-year extension to its current contract with Egyptian LNG.
Thursday, 11 June 2020
Free ReadSinopec has signed a contract with Zhoushan provincial government to build a Y20 bill ($2.79 bill) LNG terminal. According to a provincial government announcement, the project, which will be jointly…
Thursday, 11 June 2020
The LNGC ‘Kinisis’ arrived at Dominion Energy’s Cove Point LNG plant in Maryland on 6th June loaded with Trinidad LNG.
Golar has reported a severe drop in its operating income to $21.2 mill for the first quarter of this year, compared to $68.9 mill recorded in 4Q19.
Free ReadHöegh LNG Holdings has reported a net loss of $1 mill for the first quarter of this year. EBITDA was $59.6 mill and a dividend of $0.025 was declared for…
Thursday, 11 June 2020
Flex LNG has announced a net loss of $14.9 mill and a loss per share of $0.27 for the first quarter of this year, compared to a net income of…

News Nudges

Adriatic receives first Q-Flex

Qatargas has delivered the first Q-Flex LNG cargo to the Adriatic LNG receiving terminal in Italy. The Qatargas-chartered LNGC, ‘Tembek,‘ loaded at Ras Laffan on 9th June and arrived at the Adriatic LNG terminal on 21st June. This terminal is located around 14 km offshore of Porto Levante in the northern Adriatic near Rovigo. It was the world's first offshore gravity-based LNG regasification terminal. Operated by ExxonMobil (70%); Qatar Terminal Ltd (23%), a subsidiary of Qatar Petroleum; and Snam (7%), the terminal is connected to the Italian national distribution network through integrated pipelines. It has a regasification capacity of 8 bill cu m of LNG per year and it currently supplies over 10% of the country's natural gas requirements, Qatargas said.


Orders and deliveries

Hudong-Zhonghua Shipbuilding Co, part of China State Shipbuilding Corp (CSSC), is to build three LNGCs worth Yuan3.9 bill ($551.62 mill). The 174,000 cu m LNGCs will be operated by COSCO Shipping Energy Transportation (CSET), a subsidiary of COSCO Shipping. They will be deployed under a 20-year charter to PetroChina. The three vessels are expected to be delivered between the end of 2022 and early 2023, a spokesperson at Hudong-Zhonghua told Reuters. They will be fitted with X-DF propulsion units and membrane type containment systems. Liu Hanbo, CSET Chairman, told Reuters that the construction of the new LNGCs is in response to the government’s call to expand domestic demand and to safeguard China’s energy security. Elsewhere, Norwegian shipowner Knutsen OAS has taken delivery of a newbuild LNGC from Hyundai Heavy Industries (HHI). The 180,000 cu m ’Traiano Knutsen’ has begun her long term charter with Enel upon her delivery. Knutsen has another four 174,000 cu m LNGCs on order with HHI, all of which are scheduled for delivery next year, as well as an 30,000 cu m LNGC at Hyundai Mipo also for delivery in 2021.


Sonatrach extends Total deal

Algerian state energy company Sonatrach has signed a deal with Total to continue the supply of 2 mill tonnes a year of LNG to France for another three years. Relations between Sonatrach and Total had deteriorated after Algeria blocked the sale of Anadarko assets to the French company, energy sources had told Reuters.


Korea Lines spins off LNGC segment

Korea Lines has reportedly completed its planned spin-off of its LNG shipping business into a separate entity. A new company — Korea LNG Shipping — now owns 11 LNGCs, all of which are under term charters with South Korean state-controlled importer Kogas. Four of these vessels are owned in a consortium. Korea LNG Shipping is also due to take delivery of another two LNGCs from Hyundai Samho Heavy Industries (HSHI) in 2022.


Tianjin tops LNG imports in China

North China's Tianjin came top in the list of the country’s LNG import ports for the first five months of this year. Tianjin accounted for about 19.5% of the country's total LNG imports, according to the Tianjin Customs, reported Xinhua. From January to May, LNG imports through the port increased 24.8% year-on-year to hit 4.97 mill tonnes as LNG prices kept falling. Tianjin LNG imports during the period mainly came from Australia, Russia and Southeast Asia, which added up to 75.4% of the port's total LNG imports.