In this issue

 

Thursday, 30 April 2020
Data and analytics company, GlobalData, has looked at how COVID-19 and other factors have affected Australian exports and Indian imports.
Thursday, 30 April 2020
Royal Dutch Shell’s Australian joint-venture, Arrow Energy, recently agreed a final investment decision (FID) for the first phase of its Surat Gas Project in Queensland.
Leading LNG importers are reportedly trying to defer shipments as the coronavirus pandemic cripples demand forcing more gas into storage, which is nearing capacity.
Thursday, 30 April 2020
Global LNG production surged in 2019, triggering oversupply and low prices, which have persisted ever since.
Free ReadCosco Shipping Energy Transportation (CSET) is to set up a new LNG shipping joint venture in Hong Kong. The stakeholders will include CSET’s wholly-owned subsidiary Cosco Shanghai with 60%; Cosco…
The New South Wales (NSW) state has given approval for increased gas imports through the Port Kembla import project.
Sempra LNG’s Cameron LNG export project has reached Phase 1’s final commissioning stage.
Thursday, 30 April 2020
Saga LNG Shipping loaded its first full cargo on the 45,000 cu m newbuilding ‘Saga Dawn’ on 22nd April, at Singapore LNG.
Thursday, 30 April 2020
Free ReadNakilat has announced an 18% increase in net profit of QR279.5 mill for the first quarter of this year, compared to QR236 mill for the same period of 2019. Revenue…
Thursday, 30 April 2020
GTT (Gaztransport & Technigaz) announced a 74% increase in revenue for the first quarter of this year over the corresponding period of 2019.
Thursday, 30 April 2020
Connect LNG, the Norwegian provider of a jetty-less system for LNG loading and bunkering, has been awarded financing from the Research Council of Norway.
Free ReadAB Klaipėdos nafta (KN) has outlined its annual LNG terminal capacity allocation for the next gas year, which starts on 1st October, 2020. During an allocation, LNG regasification capacity and…
Anthony Veder and Bureau Veritas (BV) have recently completed a pilot ‘live remote class surveys’ using a wearable device and augmented reality (AR) technology.
Babcock LGE’s patented ecoSMRT LNG reliquefaction system has completed its first live cargo operations on an LNGC.

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.