LNG

The Philippines has entered the LNG importer list in a low-key way after years of planning as a cool-down cargo was delivered to Subic Bay for the Floating Storage Unit (FSU) “Ish” as part of the commissioning of the first LNG terminal in Batangas Bay and a second vessel for a separate project is scheduled to arrive in July.

Sept 27 (LNGJ) - The 155,000 cubic metres capacity carrier “GasLog Seattle” was discharging a cargo from Algeria on September 27 at the UK Isle of Grain import terminal located southeast of London on the Medway River estuary, according to the port authorities. The shipment was lifted on August 18 from the Arzew liquefaction plant on the North African nation’s Mediterranean coast.

   The UK is then scheduled to receive its first October cargo from the US. The 162,000 cubic metres capacity vessel “Golar Glacier” will arrive at the UK South Hook terminal at Milford Haven on October 3 with a US shipment lifted on September 1 from the Cameron LNG export plant in Louisiana.

Golar LNG, the shipping company now specialising in a small but growing fleet of floating LNG project vessels, increased revenues as well as net profits due to one-items while forecasting future high revenues from floating liquefaction and FLNG terminal projects as it also spun off eight modern carriers to a joint venture.