In this issue

 

Thursday, 20 February 2020
Last week, the US Department of Energy (DoE) issued four long-term orders authorising the export of domestically produced LNG.
Thursday, 20 February 2020
LNGC newcomer Tristar has signed a four-year contract with BP to provide LNG shipping services valued at $24 mill.
Free ReadNew Fortress Energy has signed a 25-year power purchase agreement (PPA) with two Nicaraguan electricity distribution companies. They are - Distribuidora de Electricidad del Norte (DisNorte) and Distribuidora de Electricidad…
Thursday, 20 February 2020
Qatargas has signed a long term LNG Sale and Purchase Agreement (SPA) with Shell.
Thursday, 20 February 2020
Kosmos Energy and its partners have signed a Sale and Purchase Agreement (SPA) with BP Gas Marketing Limited, a wholly owned subsidiary of BP.
Hiroshima Gas Co, Ltd, Tokyo Gas Co, Ltd and Tokyo LNG Tanker Co, Ltd have signed an LNG transportation agreement.
Thursday, 20 February 2020
Free ReadNigeria Liquefied Natural Gas (NLNG) is to supply 1 mill tonnes per annum of LNG to Portuguese energy concern Galp Trading SA. The gas will be supplied on a delivered…
Thursday, 20 February 2020
Total has sold its 27.5% interest in Fosmax LNG – the operator of the Fos Cavaou LNG terminal - to Elengy.
Golar Power Limited and Petrobras Distribuidora have formed a partnership to develop an LNG distribution businesses in Brazil.
Thursday, 20 February 2020
Free ReadQatar Gas Transport Co Ltd (Nakilat) Group reported a consolidated net profit of QR1,003 mill for 2019, an increase of 12.4%, compared to QAR892 mill for the same period in…
Thursday, 20 February 2020
GasLog Ltd and its subsidiaries reported revenues of $182.3 mill and $668.6 mill, respectively for the fourth quarter of 2019 and for the full year.
Thursday, 20 February 2020
LNGC owner and operator MSC Berhad has reported that group revenue and profit before tax for the quarter ended 31st December, 2019 were lower than the corresponding quarter in 2018.
Thursday, 20 February 2020
From 1998 to date, Pronav managed LNGCs have successfully performed about 4,300 LNG cargo operations, either with shore-based terminals or floating units without any major incidents and accidents, the company…
Thursday, 20 February 2020
Free ReadAs well as celebrating its 10th anniversary, last year Adriatic LNG regasification terminal, located off the Italian Veneto coast, posted new activity records. For the first time, Adriatic registered an…

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.”


Markets

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.