In this issue

 

PT PGN Tbk, as Pertamina Subholding Gas (PGN), has signed a partnership agreement with Gunvor Singapore.
Dynagas LNG Partners has been boosted by an $8 mill increase in net income to $23.9 mill for the first quarter of this year, compared to $15.9 mill for the…
Thursday, 07 July 2022
Free ReadNigerian offshore interest UTM Offshore has signed a Memorandum of Understanding (MoU) to develop West African sub-Sahara’s first FLNG production unit. The MoU was signed with the African Export-Import Bank…
Venture Global has executed two long-term Sales and Purchase Agreements (SPAs) with Chevron USA.
A study into carbon capture and the global supply chain is to be carried out by ABS and Texas A&M University at Qatar (TAMUQ) in a joint venture using an…
Free ReadGTT has signed a contract for its smart shipping solutions, GTT Digital, to be fitted to more than 30 vessels in two years. The undisclosed buyer was said to be…
Thursday, 07 July 2022
Aberdeen, UK-based John Wood Group has won a contract to perform owner’s engineering services for the Cameron LNG expansion project.
Wärtsilä is to supply three more Compact Reliq reliquefaction plants to Haugesund- based Knutsen OAS Shipping, bringing the total to eight.
Thursday, 07 July 2022
Spanish engineering group SENER has won another contract to upgrade Rotterdam’s LNG Gate Terminal.
Free ReadTrelleborg Marine and Infrastructure has supplied docking and mooring equipment, plus the ship/shore links, for phase two of the expansion of Sinopec’s Tianjin LNG receiving terminal. Shun OuYang, Director of…
QatarEnergy has signed up four energy majors for the Gulf state's North Field East (NFE) expansion project - the world’s largest.
Freeport LNG has declared force majeure until at least September, following an incident at its Quintana Island, Texas LNG export plant, which has ceased loading operations.
China is expected to lead the world’s LNG regasification capacity additions between 2022 and 2026.
Free ReadChina’s LNG imports fell by 21% from January to May of this year, compared to the same period in 2021, according to Poten & Partners’ ‘LNG Market Outlook’. Higher pipeline imports,…

News Nudges

Höegh’s unitholders’ meeting date agreed

Höegh LNG Partners has agreed upon a record date of 22nd August for a special meeting of its unitholders currently planned to take place on 20th September. At this meeting, the holders of the Partnership's common units will vote on the proposed merger with a subsidiary of Höegh LNG Holdings. Partnership common unitholders of record at the close of business on 22nd August will be entitled to receive notice of the special meeting and will be able to to vote at it.


Ships - Newbuildings, sales, deliveries

NYK in partnership with, “K” Line, MISC Berhad, and China LNG Shipping (Holdings), has signed a long-term timecharter contract with QatarEnergy. This involves seven 174,000 cu m LNGCs, which were subsequently ordered by the partners at Hyundai Heavy Industries. They will be fitted with X-DF 2.1 iCER 2-stroke engines and air lubrication systems, both of which will contribute to a reduction of GHG emissions and an improved environmental impact, NYK said. Their deliveries are planned for 2025/2026. Excelerate Energy has signed a letter of intent (LoI) with Hyundai Heavy Industries for an 170,000 cu m FSRU. The vessel will be delivered in 2026, the company revealed during its second quarter results presentation. An option for a second vessel is also under discussion. DSME has confirmed the receipt of an order for a single LNGC from undisclosed interests worth around $238 mill. She is due for delivery in September, 2026. As for vessel deliveries, BW LNG held a naming ceremony for two LNGC newbuildings at DSME’s Okpo Shipyard, on 10th August. Both ships have a carrying capacity of 174,000 cu m, and are fitted with ME-GI propulsion units and full reliquefaction systems. Upon their delivery, ‘BW ENN Snow Lotus’ will go on long term charter to Chinese energy major ENN, while ‘BW Cassia’ will be handed over to bp. Awilco LNG has announced a new timecharter agreement for the ‘WilForce’. The LNGC has been chartered to an undisclosed oil major for around six months. This contract is estimated to contribute with an EBITDA of about $17 mill over the charter period, Awilco said. Earlier, the company had fixed a three, plus two year option charter commencing in December, which will be covered by the ‘WilPride’, which is trading in the spot market until her delivery. Finally, GasLog’s 2007-built, 142,100 cu m steam turbine LNGC ’Methane Shirley Elisabeth’ has been sold to Indonesian interests for $54 mill.


Cove point milestone

Cove Point has shipped its 300th cargo since it started commercial operations in April, 2018. Berkshire Hathaway subsidiary BHE GT&S, the operator of the LNG terminal located in Maryland, said it loaded the cargo at the end of July. BHE GT&S has a 25% stake in the export terminal, while Dominion Energy has 50 % and Brookfield 25%. Cove Point has a storage capacity of 14.6 bill cu ft and a daily send-out capacity of 1.8 bill cu ft. LNG is produced for ST Cove Point, a joint venture between Japan’s Sumitomo Corp and Tokyo Gas, and for India’s Gail under 20-year contracts.


‘Prelude’s’ maintenance postponed

Last week, Shell said that it will defer ‘Prelude’s’ planned maintenance work until next year. The work was due to be undertaken on the giant FLNG next month. Shell cited industrial action at the site off northwest Australia, as the reason behind the postponement. A Shell spokesperson said that the extensive maintenance work, or turnaround, would be put off until next year, with the timing depending on a range of factors, including weather conditions, contractor availability, and when the current industrial action ends. Shell shutdown the 3.6 mill tonne per year FLNG last month over a long-running pay dispute.