In this issue

 

Taiwanese state-owned utility Taiwan Power Co (Taipower) expects to import LNG by 2023. 
Thursday, 21 March 2019
Texas LNG’s proposed Brownsville LNG export terminal took a step towards receiving US federal approval for construction last week after the energy regulator prepared a final environmental report (EIS).  The…
Thursday, 21 March 2019
Rotterdam-based LNG terminal operator, Gate is considering increasing capacity by up to 2 bill cu m per annum by installing additional send-out equipment.
Thursday, 21 March 2019
South Korea’s shipbuilding group Hyundai Heavy Industries (HHI) has signed a formal agreement to proceed with the acquisition of its rival Daewoo Shipbuilding & Marine Engineering (DSME). 
GAC has handled the first LNGC to berth at the newly opened LNG terminal at Kamarajar Port, Ennore in Chennai, India. 
Thursday, 21 March 2019
In an EU/US Joint Statement released earlier this month, it was revealed that EU LNG imports from the US rose by 181%, since their previous Joint Statement dated 25th July,…
Freeport LNG should be ready to ship its first export cargo in July, nearly two years after flooding following Hurricane ‘Harvey’ led to the Texas facility's most recent startup delay,…
GasLog Partners is to purchase 100% of the shares in the entity that owns and charters the ‘GasLog Glasgow’ from GasLog Ltd for $214 mill. 
Earlier this week, the US Federal Energy Regulatory Commission (FERC) approved Venture Global LNG’s request to proceed with full site preparation at its proposed $4.5 bill Calcasieu Pass LNG export…
Thursday, 21 March 2019
Last year, Nakilat opened a new horizon and business avenue by the addition of two LNGCs and a major stake in an FSRU, the company claimed.
Alaska Gasline Development Corp (AGDC) has signed an agreement with BP and ExxonMobil to help advance the state-owned company’s proposed $43.4 bill Alaska LNG project.
Philippine power producer First Gen Corp said last week that the Department of Energy has approved its application for a Notice to Proceed (NTP) for the construction of its FGEN…
Nippon Paint Maine (Europe) has reported a 35% increase in consolidated sales as it looks to strengthen its position with new marine coating products and expansion into new geographical areas…
Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) is to build up to six LNGCs for Avenir LNG, according to brokers reports. 

News Nudges

GTT wins another three orders

GTT has received an order from Hyundai Heavy Industries (HHI), to design the tanks for a new 174,000 cu m LNGC, contracted by Greek shipowner, Capital Gas Carriers. The company will design the tanks of the vessel, which will be fitted with the Mark III Flex membrane containment system. The ship’s delivery is planned during the third quarter of 2021. In addition, GTT received an order from Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of two new 174,000 cu m LNGCs on behalf of the Greek shipowner Maran Gas. The delivery of these ships is planned for the first half of 2021.


Poten announces LNG courses

This June, shipbroker and analyst, Poten & Partners is to hold two LNG training courses - LNG Trading in Singapore and LNG 101 in New York. LNG Trading – From Strategy to Practice will be held in in partnership with TwoTwoFive between 11th and 13th June and will cover - • Mechanics of LNG Trading. • LNG trading in Asia. • Simulations. • Managing LNG Complexities. • Pricing Risk Management. • Key Issues and Opportunities. LNG 101 - Energy for a Cleaner Future will be held on 27th June in partnership with the NYU School of Professional Studies Center for Global Affairs. The course will provide a robust overview of the LNG value chain from upstream development, liquefaction, shipping and regasification through to downstream market delivery. Poten said that this course is ideal for: • New financial analysts focusing on energy and commodity markets or energy infrastructure; • Legal counsels and lawyers new to the gas space and contract negotiations; • New entrants to the upstream, midstream and downstream gas markets; • New strategists, planners, and analysts at government institutions focused on energy and energy infrastructure policy.


New orders announced

Samsung Heavy Industries (SHI) has received a $190 mill order from an undisclosed interest for a 174,000 cu m LNGC, according to a recent regulatory filing. The South Korean shipbuilder is scheduled to deliver the LNGC by March, 2022 to an Oceania-based shipowner. The name of the company was not disclosed, due to confidentiality reasons, Samsung said. So far this year, SHI has won orders to build eight LNGCs and one FSRU, which totalled a combined $2.6 bill of orders. Elsewhere, Daewoo Shipbuilding & Marine Engineering (DSME) confirmed this week that it had received an order to build a LNGC for an Oceania region owner. The LNGC will be built at Okpo and will be delivered by the second half of 2021, the company said in a statement. On 14th May, Mitsubishi Shipbuilding held a christening ceremony for another Sayaringo STaGE type LNGC, ‘'Bushu Maru’, being built for a joint venture between JERA and NYK.


Flex LNG files US SEC registration

FLEX LNG has publicly filed a registration statement on Form 20-F with the US Securities and Exchange Commission (SEC). This relates to the proposed listing of its ordinary shares on the New York Stock Exchange (NYSE). No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process. Following the listing, the company’s ordinary shares will be listed for trading on both the NYSE and the Oslo Stock Exchange.