QatarEnergies extends force majeure on Edison LNG cargoes
QatarEnergies has notified Edison that it is unable to deliver three LNG cargoes, extending force majeure until the end of September, the Italian utility stated. A total of 24 cargoes, representing a combined 3 bcm of natural gas, are now subject to force majeure over the April-September delivery window, with Edison saying it has already replaced most of the lost volumes.
HPCL opens LNG supply hunt
India’s Hindustan Petroleum Corp is calling on LNG producers and traders to register interest in supplying spot cargoes and term deliveries. The state-run refiner is understood to look for 1mtpa of LNG under contracts stretching 10-15 years.
India lifts emergency gas curbs as Hormuz LNG traffic resumes
India has lifted an order imposing restrictions on gas suppliers as LNG deliveries from the Middle East resume. The Ministry of Petroleum and Natural Gas on Saturday withdrew provisions which had mandated all imported LNG and domestically produced gas to be sold to a list of priority customers.
Indian utilities’ spot LNG purchases surge 300%
India’s power-sector LNG buying stays high into June as utilities scramble to offset missing term cargoes. None of India’s 16 GW gas-grid connected powergen capacity received contracted Qatari LNG cargoes in April and May, amid widespread heatwaves. Provisional June data indicate the shortfall persisted, keeping spot procurement at unusually high levels.
Kenya unveils plans for $2.9bn LNG-fuelled power plant at Mombasa
Kenyan authorities have announced plans for a $2.9 billion LNG-fuelled power plant near the port of Mombasa. The initiate targets a 1,200 MW plant in the Dongu Kundo area, provided attractively-priced term deliveries can be secured.
Shell, METLEN target LNG deliveries to Greece from 2027
METLEN Energy & Metals has established a framework with Shell for the supply and trade of 0.5 to 1.0 bcm per year over the between 2027 and 2031. Deliveries will go to the Greek LNG regas terminals in Revithoussa and Alexandroupolis.
Uniper to supply LNG to India’s GSPC from January 2028
Uniper has agreed to supply up to 0.5 mtpa of LNG to India’s Gujarat State Petroleum Corp (GSPC) under a 10-year sales and purchase agreement (SPA), starting January 2028. Cargoes will be shipped to LNG terminals on India's west coast, including Dahej and Mundra.
Japanese utilities return to the market, seek prompt LNG deliveries
Asian buyers are returning to the market despite elevated regional LNG prices due to the partial outage of Inpex-operated Ichthys LNG in Australia and Malaysia’s Bintulu LNG. At least one Japanese utility secured a prompt delivery in end-September – at a premium to JKM prices – to fulfil power requirements created by a warm summer and autumn so far.
New Flex LNG vessel
Flex LNG took delivery of the newbuilding 173,400 cu m LNGC ‘Flex Courageous’ from Daewoo Shipbuilding & Marine engineering on 27th August.
This is the sixth vessel to join the fleet. Another five newbuildings are due to join the fleet in 2020 and another two in 2021.
She is powered by a 2-stroke MEGI and fitted with a partial reliquefaction system (PRS) and claims to have an industry low boil-off rate of 0.0075%.
She has left South Korea for the Pacific Basin and following this voyage, she will be available fir employment opportunities during the fourth quarter of this year. Flex LNG said that she “will be well positioned for the winter market.”
GasLog takes delivery of first SHI newbuilding
On 31st July, GasLog Ltd took delivery of the ‘GasLog Warsaw’ from Samsung Heavy Industries.
This 180,000 cu m Mark III Flex Plus fitted LNGC is powered by a low pressure dual fuel 2-stroke X-DF engine.
She immediately entered into a new charter with a wholly-owned subsidiary of Cheniere Energy Inc for the period prior to the commencement of her long-term charter with a subsidiary of Endesa SA commencing in May, 2021.
She is the first of seven newbuildings due to be delivered from SHI and has a 0.07% boil off rate and is fitted with a reliquefaction plant.
