In this issue

 

Thursday, 12 December 2019
More investment in projects is needed to fill the expected LNG supply gap in the mid-2020s, the latest Energy Industries Council (EIC) Insight Report claimed.
Train 2 of the US Gulf Cameron LNG project, located in Hackberry, LA, reached final commissioning stage earlier this month.
The first LNGC due to load at Kinder Morgan's Elba liquefaction facility was still alongside on Wednesday morning, according to Marine Traffic.
Thursday, 12 December 2019
Free ReadFrench energy concern Elengy conducted an open subscription period (OSP) for the Montoir-de-Bretagne LNG terminal, from July to November, 2019. The OSP consisted of offering the unsubscribed regasification capacity -…
Thursday, 12 December 2019
Turkey’s state oil and gas concern Botas is to purchase a newbuilding FSRU.
Thursday, 12 December 2019
Freeport LNG started commercial operations with its first liquefaction train on 8th December, 2019.
Thursday, 12 December 2019
Free ReadEarlier this month, the Canada Energy Regulator (CER) approved a revised application from Chevron Canada to export LNG for a period of 40 years. This was an increase from the…
Thursday, 12 December 2019
Polish Oil and Gas Co (PGNiG) is to be the sole user of the small-scale LNG reloading station in Klaipeda, Lithuania for five years.
GTT has signed a technical assistance and license agreement (TALA) with Chinese shipyard WISON Offshore & Marine (WOM).
Thursday, 12 December 2019
Bureau Veritas Marine & Offshore (BV) has granted approval in principle (AiP) to the design for a 19,000 cu m LNG bunkering vessel with a GTT membrane type tank.
Thursday, 12 December 2019
Free ReadThe Korean Register (KR) and Hyundai LNG Shipping (HLS) signed a memorandum of understanding (MOU) on 2nd December, agreeing to conduct joint research on the application, verification and development of…
Thursday, 28 November 2019
As the LNG spot market continues to mature it will behave more like other bulk shipping sectors, influenced by geopolitical and financial factors, a new report suggests.
The US has accounted for the world’s highest volume of global long-term LNG export contracts this year, according data and analytics company, GlobalData.
Thursday, 28 November 2019
Free ReadQatar Petroleum (QP) announced earlier this week that it will raise its LNG production capacity to 126 mill tonnes per annum by 2027.  This amounts to an increase of 64%…

News Nudges

‘K’ Line and Knutsen orders

As well as the orders reported elsewhere, ‘K’ Line has signed a timecharter contract for two LNGCs with PETRONAS for 12 years, option 12 years. The charters will start from 2022 and as a result, ‘K’ Line has ordered two 79,960 cu m LNGCs at Hudong-Zhonghua Shipbuilding Co Ltd. These are the first long-term t/c contracts between PETRONAS and ‘K’ Line using newbuildings. Each vessel will be fitted with an X-DF engine. They will ship LNG from Malaysia (Bintulu) to Shenergy (Group) Co, Ltd, China. Elsewhere, to cover the recently announced Shell charter, Knutsen has ordered two 174,000 cu m LNGCs at Hyundai Samho. They will also be fitted with X-DF engines, boil off management plants, air lubrication systems and shaft generators.


Zeebrugge in record year

Fluxys has claimed that 2019 was a ‘very intense record year’ for operations at its Zeebrugge LNG terminal. The Belgian terminal operator said that last year: 2,620 LNG trucks were loaded (compared to 1,453 in 2018); 91 cargoes were unloaded (from 33 in 2018); and 40 cargoes were reloaded (from 25), of which 20 were ‘small scale reloads’. For 2020, we expect even more transhipment operations as the fifth LNG storage tank of 180,000 cu m capacity was fully operational since December, 2019, the company explained.


More cargo orders reported

There were several LNG cargo orders circulating, according to the newswires, many coming from Indian importers. For example, India’s Reliance Industries is seeking five cargoes for delivery between April and June. Gujarat State Petroleum Corp (GSPC) is asking for nine cargoes for delivery between February and April. Indian oil Corp is looking for a cargo for delivery in April to be supplied to the Dahej terminal on 6th April. Gail (India) has bought an LNG cargo for delivery this month, according to industry sources. It bought the cargo for delivery into Dabhol, India, on a delivered ex-ship (DES) basis for 23rd to 28th February at $2.4 to $2.5 per mmBtu, the sources said. In a separate deal, Gail sold a cargo from the US Cove Point export facility on a DES basis into Europe for a February/March delivery, and probably did not award another cargo it had offered for loading in April from Cove Point, a source told Reuters. Inpex Corp. has a sold an LNG spot cargo from its Ichthys LNG project in Australia to Engie, according to a Reuters report. It is due to be loaded between 7th and 19th March on a free-on-board (FOB) basis. The cost was reported to be around $2 per mmBtu. PTT – the state-owned Thai energy company – is currently looking for one or two LNG cargoes for delivery February/March. Finally, the Sakhalin 2 LNG plant has sold an LNG cargo to Mitsui for loading on 16th March.


Tianjin top Chinese LNG importer

North China's Tianjin port was ranked the first in LNG imports last year, accounting for 10.77% of country's total port imports of LNG, according to the Tianjin Customs, reported Xinhua. LNG imports through Tianjin surged by 56% to 10.2 mill tonnes in 2019. The imports came from 10 countries, including Australia, Russia and Nigeria.


GTT receives more orders from Hyundai

GTT has received orders from Hyundai, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two LNGCs. Each vessel will have a capacity of 174,000 cu m. GTT will design the vessels’ tanks, which will be fitted with the Mark III Flex membrane containment system. The first LNGC will be built in HSHI shipyard on behalf of an unidentified Asian shipowner. This vessel delivery is scheduled for the second quarter of 2022. The second LNGC will be built at HHI for SK Shipping Co. and will be delivered during the third quarter of 2022.