In this issue

 

Thursday, 04 April 2019
NextDecade Corp has signed a 20-year sale and purchase agreement (SPA) with Shell for the supply of 2 mill tonnes per annum of LNG from the Rio Grande LNG project…
Anthony Veder has taken delivery of two 10,000 cu m combined gas carriers.
During the 19th International Conference & Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai, Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK, Vitol and Repsol signed of Heads of Agreement…
GasLog has signed two multi-year contracts for newbuilding LNGCs with Endesa and JERA. 
The US Federal Energy Regulatory Commission (FERC) has issued a rather negative draft environmental impact statement (DEIS) for the Jordan Cove LNG Project and the Pacific Connector Gas Pipeline Project.
Thursday, 04 April 2019
Late last month, Gazprom and RusGazDobycha finalised the configuration of a large-scale complex to process ethane-containing gas and produce LNG near Ust-Luga, Leningrad Region. Both parties have thus moved to…
A US congressman and senator have opened up the debate on US flagged LNGCs being used to export domestic LNG.
Thursday, 04 April 2019
JERA and EDF Trading Limited (EDFT) have completed the merger of their LNG optimisation and trading activities. 
Belgian LNG and LPG owner Exmar reported a loss of $16.1 mill for 2018, compared with a loss of $28 mill for the previous year. EBITDA was $27.5 mill, compared…
Thursday, 04 April 2019
Dynagas LNG Partners reported a fourth quarter 2018 net loss and loss per common unit of $0.9 mill and $0.10 mill, respectively.
Thursday, 04 April 2019
Hudong-Zhonghua Shipyard and Classification society DNV GL have signed a joint development project (JDP) agreement for a new 270,000 cu m LNGC – the largest ship of this type.
Thursday, 04 April 2019
Nakilat has established a new joint venture, ‘Global Shipping Co Ltd’, with Maran Ventures.
Thursday, 04 April 2019
There were several long term charters and only one order reported recently. For example, Samsung has confirmed an order from Nisshin Shipping for an 180,000 cu m LNGC. The price…
Teekay LNG Partners recently signed a full fleet partnership with the New York-based startup, Nautilus Labs, aimed at enhancing the efficiency of its LNGCs.

News Nudges

GTT wins another three orders

GTT has received an order from Hyundai Heavy Industries (HHI), to design the tanks for a new 174,000 cu m LNGC, contracted by Greek shipowner, Capital Gas Carriers. The company will design the tanks of the vessel, which will be fitted with the Mark III Flex membrane containment system. The ship’s delivery is planned during the third quarter of 2021. In addition, GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of two new 174,000 cu m LNGCs on behalf of the Greek shipowner Maran Gas. The delivery of these ships is planned for the first half of 2021.


Poten announces LNG courses

This June, shipbroker and analyst, Poten & Partners is to hold two LNG training courses - LNG Trading in Singapore and LNG 101 in New York. LNG Trading – From Strategy to Practice will be held in in partnership with TwoTwoFive between 11th and 13th June and will cover - • Mechanics of LNG Trading. • LNG trading in Asia. • Simulations. • Managing LNG Complexities. • Pricing Risk Management. • Key Issues and Opportunities. LNG 101 - Energy for a Cleaner Future will be held on 27th June in partnership with the NYU School of Professional Studies Center for Global Affairs. The course will provide a robust overview of the LNG value chain from upstream development, liquefaction, shipping and regasification through to downstream market delivery. Poten said that this course is ideal for: • New financial analysts focusing on energy and commodity markets or energy infrastructure; • Legal counsels and lawyers new to the gas space and contract negotiations; • New entrants to the upstream, midstream and downstream gas markets; • New strategists, planners, and analysts at government institutions focused on energy and energy infrastructure policy.


New orders announced

Samsung Heavy Industries (SHI) has received a $190 mill order from an undisclosed interest for a 174,000 cu m LNGC, according to a recent regulatory filing. The South Korean shipbuilder is scheduled to deliver the LNGC by March, 2022 to an Oceania-based shipowner. The name of the company was not disclosed, due to confidentiality reasons, Samsung said. So far this year, SHI has won orders to build eight LNGCs and one FSRU, which totalled a combined $2.6 bill of orders. Elsewhere, Daewoo Shipbuilding & Marine Engineering (DSME) confirmed this week that it had received an order to build a LNGC for an Oceania region owner. The LNGC will be built at Okpo and will be delivered by the second half of 2021, the company said in a statement. On 14th May, Mitsubishi Shipbuilding held a christening ceremony for another Sayaringo STaGE type LNGC, ‘'Bushu Maru’, being built for a joint venture between JERA and NYK.


Flex LNG files US SEC registration

FLEX LNG has publicly filed a registration statement on Form 20-F with the US Securities and Exchange Commission (SEC). This relates to the proposed listing of its ordinary shares on the New York Stock Exchange (NYSE). No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process. Following the listing, the company’s ordinary shares will be listed for trading on both the NYSE and the Oslo Stock Exchange.