In this issue

 

Thursday, 07 March 2019
South Korean LNG project development company, EPIK has signed a strategic partnership agreement with Hyundai LNG Shipping. This agreement lays down a framework for the two companies to work together…
The US Federal Energy Regulatory Commission (FERC) has reached an agreement that may provide a path forward for considering future pending LNG export terminals. 
Thursday, 07 March 2019
Golar LNG Limited’s new subsidiary, Gimi MS Corp has signed a 20-year lease and operate agreement (LOA) with BP to charter the converted FLNG ‘Gimi’.
Thursday, 07 March 2019
Golar LNG Limited reported a fourth quarter operating loss of $102.8 mill, compared to income of $132.5 mil in 3Q18. 
Thursday, 07 March 2019
Tank containment system designer, GTT has reported record orders for 2018 with sales reaching a 10-year high.  GTT won orders to supply its technology to 48 new LNGCs, two FSRUs,…
Thursday, 07 March 2019
The Awilco LNG Group has reported net freight income of $10.4 mill for the fourth quarter of last year, compared with $7.4 mill in 3Q18. 
‘Substantial completion’ of Train 1 of the Corpus Christi liquefaction project was achieved on 28th February, 2019.
Flex LNG has reported revenues of $36.1 mill for the fourth quarter 2018, compared to $7.9 mill for 4Q17, while revenues were $77.2 mill for the full year, compared to…
Thursday, 07 March 2019
Mitsubishi Shipbuilding held a christening ceremony the LNGC ‘Marvel Crane’ last month.
Teekay LNG Partners reported GAAP net income of $6.6 mill for the fourth quarter of last year and $28.4 mill for fiscal 2018. 
Thursday, 07 March 2019
Höegh LNG Holdings reported total income of $122.3 mill for the fourth quarter of 2018, compared with $82.3 mill in the preceding quarter. 
Thursday, 07 March 2019
Technology group Wärtsilä has signed a long-term optimised maintenance solution agreement with Tokyo Gas subsidiary, Tokyo LNG Tanker. This solution will support a range of maintenance needs for three LNGCs…
Engineering company KBR is to supply engineering and technical agreement from Pointe Noire LNG to provide front end engineering design (FEED) submittals and services.
Thursday, 07 March 2019
GTT is to create a Singapore ‘digital hub of excellence’.

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.