In this issue


The US will become the third largest LNG exporting country with a total capacity of 8.9 bill cu ft per day (bcfd) by the end of this year, claimed data…
Thursday, 05 March 2020
Despite the mild winter weather and the Covid-19 outbreak, Asia will be able to absorb most of the LNG supply growth from the second half of 2020, Royal Dutch Shell…
Thursday, 05 March 2020
Last week, Italian energy giant, Eni signed a series of agreements, which will lead to the restarting of Egypt’s Damietta liquefaction plant by June, 2020.
Free ReadIn recent results presentations, leading LNGC players summed up the current market predicament. For example, in its fourth quarter report, Awilco LNG summed up the current state of play by…
Thursday, 05 March 2020
Spanish LNG importers are to slow their gas intake in March and April, according to nominations published by Enagas and analysed by S&P Platts.
Thursday, 05 March 2020
Venture Global Plaquemines LNG and Électricité de France (EDF) have signed a 20-year Sales and Purchase Agreement (SPA) for the supply of 1 mill tonnes per annum of LNG.
Thursday, 05 March 2020
Qatar Petroleum’s subsidiary, Qatar Terminal Ltd (QTL), has signed a long-term agreement with Elengy to handle LNG receiving, storage and regasification services at the French Montoir-de-Bretagne terminal.
Free ReadCheniere Energy has claimed that it does not expect any significant or prolonged curtailment of US LNG production, due to cancelled cargoes. “While we acknowledge that some LNG on the…
Sempra’s Cameron LNG's second train began commercial operations under tolling agreements on 2nd March.
Centrica plc and Centrais Elétricas de Sergipe SA (CELSE) have jointly commissioned Brazil’s first private LNG import terminal.
Thursday, 05 March 2020
Free ReadThere were several LNGC company results published in the past couple of weeks. LNG SN has condensed the reports in alphabetical order, as they were published before the effects of…
Thursday, 05 March 2020
Höegh LNG has reached an agreement with Total to settle a boil-off dispute on two chartered vessels.
Thursday, 05 March 2020
The Pakistan Government has cut LNG imports to avoid excessive pressure on public utility pipelines.
Thursday, 05 March 2020
GTT (Gaztransport & Technigaz) President and CEO Philippe Berterottière, has commented on the company’s record year.

News Nudges

Tellurian extends loan maturity

Tellurian has amended the terms of its 2019 Term Loan. This includes an 18-month extension of the maturity date to 23rd November, 2021. President and CEO, Meg Gentle, said, “As announced in early March, we are making necessary changes amid challenging global conditions. We have restructured the organisation and entered into an agreement to extend our Term Loan maturity to late 2021, which swiftly completes the second critical step toward resiliency in the current market. We are working remotely with potential equity partners for the Driftwood project and implementing measures to keep our team safe and productive to regain commercial momentum when the effects of COVID-19 subside,” she said.

Sakhalin extends Svitzer contract

Copenhagen-based towage company Svitzer has won a 10-year extension of a marine service contract with Sakhalin Energy Investment Company, a consortium set up to develop and manage the oil and gas Sakhalin-II project. Svitzer has been providing towage services to the Sakhalin-II since 2007. The extension, which comes into effect in November, 2022, involves the mooring of more than 1,800 LNGCs using a fleet of four Robert Allen icebreaking tugs and two mooring boats. These vessels are operated by a team of 58 Russian crew members, supported by nine onshore staff. Commenting on the extension, Alan Bradley, Svitzer’s Cluster Manager - Asia, said;“We are very pleased that Sakhalin Energy Investment Company have chosen Svitzer as their preferred partner for 10 more years. With the extension, we are able to continue to play an important role in ensuring that oil, gas, food and supplies are reaching people and homes. Our goal is to ensure we always support the customer’s business by providing efficient marine services in their terminal – the extension of a contract as significant as this one gives us confidence that we are adding value.”


Broking sources have reported that Maran Gas has exercised yet another option for a 170,000 cu m LNGC from Daewoo. The $192 mill vessel was thought to be the 13th ordered from the South Korean yard. She is due for delivery in 2022. Several deliveries in LNG Shipping News LNGC orderbook, which see, look likely to slip backwards, due to the current situation, Fearnleys said. In the charter market, ExxonMobil was believed to have chartered the 176,300 cu m, 2016-built ‘Rioja Knutsen’ on a relet. The rate was reported as $64,000 per day.

Transhipments return to Honningsvåg

Novatek and Tschudi are reportedly returning to Honningsvåg to undertake ship-to-ship LNG transfers. Following a successful reloading operation in 2019, the companies have earmarked more STS operations to transfer LNG from Yamal Arc 7 tonnage to conventional vessels. Between November 2018 and June 2019, 123 LNG cargoes were transhipped from Arc7s to conventional LNGCs, local news sources said. Last year, Novatek said that the operation in Norwegian waters would be a ‘one off’ and it would instead be looking to transfer LNG in Russian waters off Kildin Island, northeast of Murmansk. In the medium-term, the company was thought to be trying to establish a permanent transhipment terminal near Vidyaevo, also on the Kola peninsula. Tschudi was reported to have received an updated operating permit on 30th September, 2019. At that time the number of permitted transfers was increased from 165 to 207 per calendar year, out of which, 140 LNG transfers are allowed. A Notice to Mariners issued in February this year warned of shipping activity around Honningsvåg stating that operations could be expected between 22nd March and 15th May.

Jordan Cove gets FERC nod

On 19th March, the US Federal Energy Regulatory Commission (FERC) finally approved the Jordan Cove energy project. This is the 12th LNG export project that FERC has approved since Chairman Neil Chatterjee took office, he said in a statement. To be located at Coos Bay, Oregon, Jordan Cove is also the first export terminal the Commission has certificated on the US West Coast in the lower 48. This facility will be capable of liquefying up to 1.04 bill cu ft of natural gas per day for export to global markets. The Pembina operated project includes a pipeline, plus marine loading facilities.