In this issue

 

Thursday, 11 June 2020
Supporting the ‘Christophe de Margerie’ during her NSR transit (see page 10) was ABB who provided remote diagnostics services for increased safety and performance.
Free ReadAbout 45 LNG cargoes due to be loaded in July at US export terminals were believed to have been cancelled, due to low demand being exacerbated by the COVID-19 pandemic.…
Thursday, 28 May 2020
LNG buyers have returned to the market to take advantage of low prices, which could result in healthy long term demand, Poten and Partners said at a webinar held last…
London’s Baltic Exchange has added quarterly assessments (GOPEX) of the cost of operating LNG and LPG carriers to its portfolio of shipping investor tools.
Free ReadMitsui OSK Lines (MOL) and LNG Terminal Wilhelmshaven (LTW) have signed a contract with Daewoo Shipbuilding Marine Engineering (DSME) to build an FSRU. The FSRU will be used as a…
Thursday, 28 May 2020
Qatari Energy Minister, Saad al-Kaabi stressed last week that LNG production will not be cut, despite reduced demand and low global gas prices.
Thursday, 28 May 2020
OLT Offshore LNG Toscana has published its integrated ‘Report 2019 - Safety, Environment, Territory’, on data taken for 2019.
Free ReadAll the conditions for Shell Gas BV’s Final Investment Decision (FID) to build a new LNG processing unit at Nigeria LNG (NLNG) have now been met. These included formal commitments…
Nakilat has started the second phase of its fleet management transition from Shell.
Argentina's state-controlled energy concern, YPF has shelved LNG export expansion plans.
Thursday, 28 May 2020
NextDecade Corp said in its quarterly results presentation that a final investment decision (FID) on its Rio Grande LNG project (RGLNG) is not now expected until 2021, due to the…
Free ReadThe US Federal Energy Regulatory Commission (FERC) has authorised the Alaska Gasline Development Corp (AGDC) to liquefy and export LNG produced from Alaska’s North Slope. FERC granted a Section 3…
Pointe LNG has appointed Whitehall & Company as its exclusive financial advisor.
Golar has published its Sustainability Report on its website.

News Nudges

Adriatic receives first Q-Flex

Qatargas has delivered the first Q-Flex LNG cargo to the Adriatic LNG receiving terminal in Italy. The Qatargas-chartered LNGC, ‘Tembek,‘ loaded at Ras Laffan on 9th June and arrived at the Adriatic LNG terminal on 21st June. This terminal is located around 14 km offshore of Porto Levante in the northern Adriatic near Rovigo. It was the world's first offshore gravity-based LNG regasification terminal. Operated by ExxonMobil (70%); Qatar Terminal Ltd (23%), a subsidiary of Qatar Petroleum; and Snam (7%), the terminal is connected to the Italian national distribution network through integrated pipelines. It has a regasification capacity of 8 bill cu m of LNG per year and it currently supplies over 10% of the country's natural gas requirements, Qatargas said.


Orders and deliveries

Hudong-Zhonghua Shipbuilding Co, part of China State Shipbuilding Corp (CSSC), is to build three LNGCs worth Yuan3.9 bill ($551.62 mill). The 174,000 cu m LNGCs will be operated by COSCO Shipping Energy Transportation (CSET), a subsidiary of COSCO Shipping. They will be deployed under a 20-year charter to PetroChina. The three vessels are expected to be delivered between the end of 2022 and early 2023, a spokesperson at Hudong-Zhonghua told Reuters. They will be fitted with X-DF propulsion units and membrane type containment systems. Liu Hanbo, CSET Chairman, told Reuters that the construction of the new LNGCs is in response to the government’s call to expand domestic demand and to safeguard China’s energy security. Elsewhere, Norwegian shipowner Knutsen OAS has taken delivery of a newbuild LNGC from Hyundai Heavy Industries (HHI). The 180,000 cu m ’Traiano Knutsen’ has begun her long term charter with Enel upon her delivery. Knutsen has another four 174,000 cu m LNGCs on order with HHI, all of which are scheduled for delivery next year, as well as an 30,000 cu m LNGC at Hyundai Mipo also for delivery in 2021.


Sonatrach extends Total deal

Algerian state energy company Sonatrach has signed a deal with Total to continue the supply of 2 mill tonnes a year of LNG to France for another three years. Relations between Sonatrach and Total had deteriorated after Algeria blocked the sale of Anadarko assets to the French company, energy sources had told Reuters.


Korea Lines spins off LNGC segment

Korea Lines has reportedly completed its planned spin-off of its LNG shipping business into a separate entity. A new company — Korea LNG Shipping — now owns 11 LNGCs, all of which are under term charters with South Korean state-controlled importer Kogas. Four of these vessels are owned in a consortium. Korea LNG Shipping is also due to take delivery of another two LNGCs from Hyundai Samho Heavy Industries (HSHI) in 2022.


Tianjin tops LNG imports in China

North China's Tianjin came top in the list of the country’s LNG import ports for the first five months of this year. Tianjin accounted for about 19.5% of the country's total LNG imports, according to the Tianjin Customs, reported Xinhua. From January to May, LNG imports through the port increased 24.8% year-on-year to hit 4.97 mill tonnes as LNG prices kept falling. Tianjin LNG imports during the period mainly came from Australia, Russia and Southeast Asia, which added up to 75.4% of the port's total LNG imports.