In this issue

 

Uniper has signed a Heads of Agreement (HoA) with ExxonMobil Gas Marketing Europe Limited to long-term book a substantial share of regasification capacity from the company’s FSRU project at Wilhelmshaven. 

Anadarko Petroleum Corp has announced that Mozambique LNG1 Co, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing (CNOOC).

Thursday, 07 February 2019

According to various reports, Qatar is preparing to order up to 60 LNGCs on the back of a new liquefaction plant, which is expected to be completed in 2023.

GasLog Partners suffered a decrease in profit of $12.6 mill to $21.8 mill for the fourth quarter of 2018, compared to the same period in 2017. 

Thursday, 07 February 2019

Dynagas LNG Partners has reduced its quarterly cash distribution to $0.0625 per common unit with respect to the quarter ended 31st December, 2018 from $0.25 per common unit in the previous quarters.

Thursday, 07 February 2019

Babcock International has claimed its 21st patented ecoSMRT supply contract at Hyundai Heavy Industries (HHI), since the first contract was awarded in February, 2018.

Thursday, 07 February 2019

Siemens has won a contract from Novatek’s Arctic LNG 2 to supply compressor equipment for three liquefaction trains to be sited at the project.

Sonatrach and Chinese company, China Harbor Engineering Company (CHEC), have signed a contract for the study, supply and construction of an LNGC jetty and infrastructure to be located at Skikda’s El Djedid oil port. 

Thursday, 07 February 2019

Qatar Navigation’s (Milaha) subsidiary, Qatar Shipping Co, has agreed to acquire the entire stake of Qatar Investment Authority in Qatar Gas Transport Co (Nakilat) representing 5.9% of Nakilat’s share capital.

Thursday, 07 February 2019

Wilhelmsen Ship Management (WSM) is to manage Pardus Energy’s newbuilding ‘Turquoise’ FSRU.

A commissioning ceremony for the FSRU ‘Marshal Vasilevskiy’ was held recently in the Kaliningrad Region attended by Russian President, Vladimir Putin. 

Thursday, 24 January 2019

The LNGC spot charter rate has fallen below $80,000 per day in the Pacific region for the first time since late August. 

German utility company Uniper and Dutch-based Titan LNG have signed a Memorandum of Understanding (MOU) to accelerate the growth of LNG as a fuel in Germany by offering small-scale shipments at Wilhelmshaven. 

Bangladesh’s second LNG terminal is expected to start operations in mid-March.

News Nudges

Teekay LNG declares distributions

Teekay GP LLC, the general partner of Teekay LNG Partners, has declared cash distributions of $0.5625 per unit on the Partnership’s Series A preferred units and $0.5313 per unit on the Partnership’s Series B preferred units for the period from 1st January, 2019 to 31st March, 2019. They are payable on 15th April, 2019 to all unitholders of record as at 29th March, 2019.


Rotterdam extends discounts to Green Award LNGCs

The first Green Award incentive provider, the Port of Rotterdam, has extended its remit to reward LPG and LNG carriers of any size certified by the organisation. From 1stJanuary, 2019, every liquid bulk carrier in the Green Award scheme now benefits from a discount on the vessels’ port dues of 15%, relating to its gt, when calling at Rotterdam. The Port Authority has also introduced a new pay-out scheme, which makes claiming incentives unnecessary, as this is automatically awarded upon notification by the agent that a vessel with a Green Award certificate is calling at the port. This year Green Award is celebrating its 25th anniversary.


GTT wins tank designs for Celsius

GTT has received an order from Samsung Heavy Industries (SHI) to design the tanks for two 180,000 cu m LNGCs, ordered by Celsius Tankers. They will be fitted with the Mark III Flex membrane containment system. The ships’ deliveries are planned during the second quarter of 2021.


OLT publishes tender procedure

OLT Offshore LNG Toscana’s tender procedure for the auctioning of LNG equalling 60,000 MW/h is now available. The documents to participate to the tender were presented on 18th March, 2019, according to the conditions set forth in the procedure.


Foreign flag LNGCs allowed at Sabetta

Russian has decreed that foreign flag vessels are allowed to transport gas and condensed gas from Sabetta. For example, vessels timechartered for at least 15 years are allowed to trade until 31st December, 2043. A list of vessels is included in an Appendix to the Governmental Order. Foreign-flagged vessels that are timechartered for no longer than six months are allowed to carry gas and condensed gas from Sabetta until 31st December, 2021.


GasLog names SHI-built LNGCs

At a ceremony on 12th March, GasLog named two new LNGCs building at Samsung Heavy Industries. They were named ‘GasLog Gladstone’ and ‘GasLog Warsaw’. ‘GasLog Gladstone’ was also delivered to GasLog at the same ceremony. GasLog said the 174,000 cu m ‘GasLog Gladstone’ would start a long term charter to Shell following her delivery. The company did not provide additional info on the 180,000 cu m ‘GasLog Warsaw’.


TEN LNGCs chartered out

The ‘Neo Energy’ and ‘Maria Energy’ have been fixed to “significant international energy concerns” for an aggregate period of 36 months. The total gross revenues from these two charters, over the duration of the respective contacts, is expected to be about $60 mill. "LNG is on top of the agenda for TEN's diversified energy fleet. With two vessels fixed on accretive medium-term charters, the company is examining further expansion in the sector," George Saroglou, TEN COO, commented. "TEN's model provides its clients with a broad range of vessel types, ranging from crude and product tankers to gas carriers. At the same time this diversity allows TEN to choose the best investment opportunities for growth," he said.


PETRONAS moves FLNG

PETRONAS has relocated the FLNG, ‘PFLNG Satu’, from the Kumang field, offshore Sarawak, to the Kebabangan (KBB) field, offshore Sabah. ’PFLNG Satu’ is to be moored at a water depth of 120 m in the KBB cluster field, located 90 km northwest of Kota Kinabalu, Sabah. PETRONAS Executive Vice President and CEO Upstream, Datuk Mohd Anuar Taib said “‘PFLNG Satu’s’ technology, featuring the capability to move from one location to another, will strengthen the reliability of PETRONAS’ LNG supply system to meet growing LNG demand. “PETRONAS has delivered 19 successful cargoes since the commissioning of ‘PFLNG Satu’ and we are confident that this success continues in Sabah waters as well,” he added. Designed to last for up to 20 years without drydocking, the 365 m long FLNG is expected to produce 1.2 mill tonnes of LNG per year.


Saga LNG’s LNGC nears completion

Saga LNG Shipping held a naming ceremony for its first LNGC at the Jiangsu shipyard on 13th March, 2019. Named ‘Saga Dawn’, the 45,000 cu m vessel will be delivered in May of this year and enter into service shortly after. Saga LNG claimed that the vessel is the world’s first LNGC to feature an IMO type A LNG containment system, based on LNT Marine’s patented LNT A-BOX design. The ABS-classed vessel is fitted with Wärtsilä dual-fuel main and auxiliary engines.