In this issue

 

Thursday, 28 November 2019
Teelay LNG Partners has reported a considerable increase in net income in the third quarter of this year.
Thursday, 28 November 2019
Golar LNG suffered a third quarter operating loss of $13.7 mill, compared to losses of $23.4 mill in the previous quarter of this year.
Thursday, 28 November 2019
Free ReadThe Awilco LNG Group has recorded freight income for the third quarter this year of $6.7 mill, up from $3.9 mill reported for 2Q19.  This rise was attributable to ‘WilPride’,…
Flex LNG has reported an increase in revenues to $29.8 mill for the third quarter 2019, compared to $19 mill for 2Q19.
Thursday, 28 November 2019
Höegh LNG Holdings has reported a net profit of $3.2 mill for the third quarter of this year and an EBITDA of $55.9 mill.
Free ReadDynagas LNG Partners suffered a net loss of $4.7 mill for the three months ended 30th September, 2019, compared to a net loss of $0.7 mill in 3Q18.  The 3Q19…
Thursday, 28 November 2019
Atlantic Gulf & Pacific (AG&P) has invested in Kanfer Shipping (Kanfer), an Norwegian-based developer of small-scale LNGCs, breakbulk solutions, floating storage facilities, as well as LNG bunkering. Kanfer has designed…
Thursday, 28 November 2019
GTT Training, a specialist LNG training and simulation provider, has installed G-Sim LNG simulator software at the MTC Maritime Training Centre in Hamburg.
Thursday, 28 November 2019
ABS has awarded Approval in Principle (AIP) to Samsung Heavy Industries (SHI) for its X-Reli LNG Boil Off Gas Expander, part of SHI’s Expansion Re-Liquefaction System.
Thursday, 14 November 2019
Free ReadGasLog has taken its usual snapshot of the market in the company’s third quarter 2019 results presentation. Compared to 3Q19, this quarter’s supply is expected to grow by 6%, to…
Global Energy Ventures (GEV), a developer of compressed natural gas (CNG) projects, has chosen the US Gulf as its next region to develop an CNG export terminal.
Thursday, 14 November 2019
Argentina’s state-owned oil company YPF has loaded its first commercial LNG export cargo from its new floating facility.
Thursday, 14 November 2019
ADNOC LNG has concluded supply agreements with subsidiaries of both BP and Total.
Free ReadAngola has formed a consortium with five international oil companies, including Eni and Chevron, to develop LNG for its Soyo plant, the recently formed national oil, gas and biofuels agency…

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.