Golar LNG Ltd, the shipping company now specialising in a small but growing fleet of floating LNG project vessels, reported first-quarter net losses as it maintained “strong engagement with prospective FLNG” clients, including signing an accord with Nigeria National Petroleum Corp. (NNPC) for offshore liquefaction projects.
Golar LNG said it entered into swap arrangements to hedge part of its Dutch Title Transfer Facility (TTF) price exposure for the incremental 200,000 tonnes per annum from Train 3 production on the “FLNG Hilli Episeyo” from the first quarter of 2022 at a price of $28 per million British thermal units.
Kosmos Energy, the US shareholder in the floating LNG projects offshore the West African nations of Mauritania and Senegal, is aiming for the first phase of the planned floating LNG project to be 80 percent completed by the end of 2021.
Royal Dutch Shell said its Prelude floating liquefied natural gas export plant off the coast of northwest Australia would not resume full production this year after being shut down in February 2020 because of safety issues.
Gaztransport and Technigaz (GTT), the French technology firm for designs of systems for the maritime transportation and storage of liquefied natural gas, said it signed a technical and licensing agreement with Chinese shipbuilder Wison Offshore and Marine for a range of LNG vessels.
Malaysian Prime Minister Mahathir Mohamad and his wife have attended the naming ceremony near the port of Busan in South Korea of the second liquefied natural gas production vessel being built for Malaysia’s state-backed energy company Petronas.
Royal Dutch Shell has exported its long-awaited first LNG cargo on the 173,400 cubic metres capacity carrier “Valencia Knutsen” from its massive Prelude floating LNG plant off northwest Australia, sealing the nation’s position as the world’s top exporter of the fuel.
The 140,620 cubic metres capacity carrier “Galicia Spirit” will deliver a cargo on June 14 to the new Chinese Qidong import terminal owned by Guanghui Energy from the floating LNG hull “Hilli Episeyo” that began production in mid-March off the port of Kribi in Cameroon.
Perenco, the European energy company with a stake in the Cameroon floating LNG project offshore West Africa, said the first cargo would be lifted by the end of April and possibly sooner.