In this issue

 

Spanish terminal manager has been awarded a contract to operate Oristano.
Thursday, 04 March 2021
Free ReadTeekay LNG Partners has reported a GAAP net income of $35.1 mill and GAAP net income per common unit of $0.32 for the fourth quarter of 2020. For the full…
The Awilco LNG Group has reported net freight income of $11.2 mill for the fourth quarter of last year, compared with $2.4 mill in 3Q20.
Thursday, 04 March 2021
Golar LNG has reported a fourth quarter operating income of $45.5 mill, compared to $30.6 mill for the previous quarter.
Thursday, 04 March 2021
Free ReadHöegh LNG Holdings has reported a net profit of $0.8 mill for the fourth quarter of last year, while EBITDA was $55.2 mill, an increase of just over $2 mill.…
Thursday, 04 March 2021
GasLog Ltd and its subsidiaries reported increased revenues of $192.6 mill for the quarter ended 31st December, 2020, compared with $182.3 mill for 4Q19.
Macquarie Capital, the corporate advisory, capital markets, and principal investing arm of Macquarie Group, has launched WaveCrest Energy, LLC.
Thursday, 04 March 2021
OLT Offshore LNG Toscana has announced the next step towards the finalisation of its project to discharge LNG from small-scale vessels (SSLNG).
Free ReadCheniere Energy is to provide its LNG customers with greenhouse gas (GHG) emissions data. The data will be associated with each LNG cargo produced at the Sabine Pass and Corpus…
On 8th February, Qatar Petroleum (QP) took the final investment decision (FID) for the development on the $28.75 bill North Field East Project (NFE).
Japan's Inpex is to ship around 120 LNG cargoes, 36 offshore condensate cargoes and 24 plant condensate cargoes from Ichthys this year.
Free ReadThere should be significant LNG inventory re-stocking both in Asia/Pacific and in Europe this summer, due to the winter run on LNG. For the LNG shipping market, the question is…
Thursday, 18 February 2021
Japan Petroleum Exploration Co (JAPEX) has resumed operations at the Soma LNG terminal, after shutting it down, due to the earthquake off the coast of Fukushima Prefecture on 13th February.
Thursday, 18 February 2021
The Panama Canal set a new monthly record for LNGC transits and tonnage in January.

News Nudges

Pieridae appoints new COO

Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, has appointed Darcy Reding as the company’s new COO. Reding succeeded Tim de Freitas who left the firm in January. He was described as a professional engineer with 30 years of success in small and mid-sized private and public upstream oil and gas companies, with 20 years in leadership roles. The new COO said his focus would be to ensure the safe operations of the company’s upstream natural gas infrastructure and strengthen the technical and economic readiness of the drilling inventory that provides the feedstock for the Goldboro LNG project. Goldboro LNG in Nova Scotia will include two liquefaction facilities each with a capacity of 4.8 mill tonnes of LNG each year. Pieridae has a 20-year binding contract with German energy firm Uniper for the total volume from the first liquefaction train but has delayed the final investment decision (FID), which it hopes to take by the end of June.


Golar’s Ross resigns

Golar LNG’s Iain Ross has tendered his resignation from the company. The contractual termination period is six months, however the final duration can be prolonged or reduced upon mutual agreement, Golar said. Golar LNG is currently in the final stages of closing the sale of its 50% interest in Hygo Energy Transition and 32% interest in Golar LNG Partners to New Fortress Energy (NFE) for a total of about $5 bill. The majority of the closing conditions have been completed, including prepayment notices issued to several of GMLPs lenders. Closing of the transactions is expected shortly, Golar said. Golar’s Board will immediately start the process to recruit Ross’ successor, it said.


Excelerate hits 2,000 STS

Excelerate Energy completed its 2,000th commercial ship-to-ship (STS) LNG transfer on 3rd April, 2021. The transfer occurred at Excelerate's Moheshkhali floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal. Using Excelerate's FSRU ‘Excellence’ and a conventional LNGC, 144,191 cu m of LNG were transferred using the double-banked LNG transfer system. To date, Excelerate has transferred over 236,405,000 cu m of LNG using this STS protocol, the company claimed. Excelerate conducted the industry's first commercial STS transfer of LNG in 2007. Since then, STS transfers have been commercially accepted and proven in a wide range of environments, including open ocean and protected bodies of water at various locations between the LNG load ports and market delivery points. The company has imported over 157 cargoes of LNG and delivered an excess of 500 mill MMBtu of natural gas into the Bangladeshi market to date. Last month, the country reached its highest level of gas output with around 837 mill cu ft per day of natural gas as the government continued to increase its LNG imports to meet the rising domestic demand.


LNGC deliveries, etc

Several LNGCs were reported delivered recently, including two for TMS Cardiff Gas and one for BW LNG. The TMS Cardiff vessels were the 174,000 cu m ’LNGShips Athena’, which sailed from Hyundai Heavy Industry’s Ulsan shipyard, while the similar capacity ‘LNGShips Empress’ left Samsung Heavy Industry’s Geoje shipyard. Both LNGCs are term chartered to Shell, together with the sistership ‘LNGShips Manhattan’, which is due to be delivered later this month from HHI. BW LNG’s delivery, ‘BW Lesmes’ is chartered to BP. Elsewhere, the 170,000 cu m FSRU ’Ertugrul Gazi’ was also delivered in March to Turkey's state-run gas supplier Botas (see page 3). Later it was also reported that Latsco Shipping, a unit of the Latsis Group, had taken delivery of its first LNGC, the 174,000 cu m ‘Hellas Diana’ from Hyundai Samho Heavy Industries. Latsco ordered two X-DF sisterships via Consolidated Marine Management at the shipyard in November, 2018. Commodity trader Trafigura has chartered both vessels, according to VesselsValue data. The second vessel ‘Hellas Athina’ is due for delivery later this year. France LNG Shipping, a joint venture between NYK and Geogas LNG, has taken delivery of the 174,000 cu m ‘LNG Adventure’, which has gone on charter with Total Gas & Power. She features a WinGD X-DF engine and was delivered on 31st March from Samsung Heavy Industries. The LNGC will be operated by Marseille-based shipmanager, Gazocean, which became an NYK subsidiary last October. Another company to receive its first LNGC recently was Danish investment firm Navigare Capital Partners. The 174,000 cu m ‘Marvel Swan’ was delivered by Samsung and will go on charter to Japan’s trading house Mitsui & Co to ship Mitsui’s offtake volumes from Sempra’s Cameron LNG plant in Louisiana. She is managed by Pronav, part of the Schulte Group, and is one of eight LNGCs chartered by Mitsui. Brokers have reported that the 1984-built, 132,588 cu m LNGC ‘Atlantic Energy’ arrived at Chattogram for recycling on 8th April. She had been laid up near Labuan for several months.