In this issue

 

Chinese state-owned gas distributor Beijing Gas Group has obtained the government's approval to build a 5 mill tonnes per year LNG receiving terminal at Nangang district, Tianjin city.
Thursday, 06 February 2020
On 24th January, the US Federal Energy Regulatory Commission (FERC) issued the Supplemental Final Environmental Impact Statement (FEIS) for the production capacity amendment to LNG Ltd’s (LNGL) Magnolia LNG project.
Free ReadFollowing the news that Eni has signed an LNG supply agreement with Nigeria LNG (NLNG) (see page 4), Cao Chai, GlobalData’s Upstream analyst, examined African LNG projects currently under development.…
Thursday, 06 February 2020
Excelerate Energy and Engro Elengy Terminal Ltd (EETL) have signed a Heads of Agreement (HOA) to expand Port Qasim’s EETL liquefied natural gas (LNG) import terminal.
Qatargas has supplied a commissioning cargo for India's newest LNG receiving terminal - Mundra - located on the west coast of India.
Thursday, 06 February 2020
Novatek is to invest in a $12 bill fleet of up to 42 icebreaking carriers for the Northern Sea Route, TASS news agency reported last week.
Thursday, 06 February 2020
Free ReadNigeria LNG Limited (NLNG) and Eni have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG's Trains 1, 2 and 3. The SPA…
Thursday, 06 February 2020
S&P Global Platts has launched ‘Platts Analytics Weekly Japan-Korea Marker (JKM) Forecast Report’.
Thursday, 06 February 2020
SINOSURE has approved the release of around $40 mill from the Debt Service Reserve Account under EXMAR’s ‘Tango’ FLNG loan facility.
Thursday, 06 February 2020
Free ReadCheniere Energy recently produced and exported its 1,000th LNG cargo. This milestone cargo was exported within a four-year time period after startup, setting an industry record and making Cheniere the…
Thursday, 06 February 2020
Free ReadBahrain LNG ‘s new terminal has been completed and commissioned. The customer is paying Bahrain LNG as of the completion date and is sending out the last of the commissioning…
Thursday, 06 February 2020
During inspections on three LNGCs in Boston (Mass), US Coast Guard Port State Control Officers (PSCOs) discovered issues with the fixed flammable gas detection system that resulted in the issuance…
Thursday, 06 February 2020
Free ReadTMC Compressors of the Seas (TMC) has won a contract from Hyundai Heavy Industries to deliver air lubrication system compressors to seven LNGCs under construction for Capital Gas Corp. Under…
Thursday, 06 February 2020
Russian oil and gas producer Gazprom has offered 18 LNG cargoes for loading at Zeebrugge, industry sources told Reuters last week.

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.