In this issue

 

Greek company Gastrade broadens equity shares to regional nations on the gas transition path 
Free ReadLNG News Editor:  First Gen Corp. of the Philippines has chosen BW LNG of Singapore to provide a floating storage regasification unit (FSRU) for its LNG import terminal project at…
Höegh LNG, the Norwegian-US fleet owner, has seen its floating storage and regasification unit (FSRU), the “Höegh Giant”, arrive offshore India to be the Asian nation’s seventh LNG import terminal.
LNG News Editor:  Sempra Energy has sold a 20 percent interest in the new business platform, Sempra Infrastructure Partners, to global equity fund Kohlberg, Kravis, Roberts (KKR) for $3.37 billion…
Angola, the southwest African LNG producer, has found a willing exploration and production partner in Italian energy company Eni, which has plans to invest around $7 billion in Angola over…
Free ReadThe United States Court of Appeals for the Second Circuit has unanimously ruled that the City of New York’s climate-change lawsuit against US major Chevron Corp. and a group of…
LNG News Editor:  Royal Dutch Shell, one of the largest LNG and natural gas upstream players, has updated its expectations for first-quarter earnings, including the negative impact of the Texas…
Stolt-Nielsen, the London-headquartered Norwegian company with terminal, shipping and Avenir LNG project interests, reported stable first-quarter earnings amid US disruptions and said the LNG import terminal on the Italian island…
LNG News Editor:  Excelerate Energy, the US pioneer of floating liquefied natural gas import terminals, has completed its 2,000th commercial ship-to-ship transfer of LNG worldwide after completing its latest operation…
Free ReadLNG News Editor:  Connect LNG, the Norwegian technology provider of jettyless solutions for marine loading and bunkering, has re-branded itself as ECONNECT Energy to reflect a broader focus on clean…
Grupo HAM of Spain, the fuel infrastructure company with a station network, has opened a new LNG filling station in the Spanish capital Madrid, taking its number of stations to…
Wavespec, the last technical entity within Braemar Shipping Services Plc of the UK and with the construction oversight of more than 100 LNG carriers in Asian shipyards including the large…
Free ReadLNG News Editor:  Air Products, the US provider of LNG equipment with new liquefaction contracts for Qatar, Mozambique and Mexico, has opened a new hydrogen fuelling station at its industrial…
The German Association of Gas Transmission System Operators (FNB Gas), which groups a dozen companies overseeing 40,000 kilometres of natural gas pipeline flows and other infrastructure, has published its development…

News Nudges

Total deal on bunkering

Total and Swiss-based MSC Cruises have signed an agreement for the French energy company to supply around 45,000 tonnes per annum of LNG for cruise ships calling at the Port of Marseilles. Total said it already had worldwide bunkering ties with MSC Cruises. “As we prepare to launch our first of three upcoming LNG-powered cruise ships in 2022, through this key agreement Marseilles will become our hub in the Mediterranean for the refuelling of our latest-generation and most environmentally advanced ships,” declared Pierfrancesco Vago, Executive Chairman of MSC Cruises.


Charter rates edge higher

Shipping charter rates for LNG carriers in the spot market increased for West Of Suez by $2,000 per day to average between $34,000 per day and $30,000 per day for vessels of 155,000-165,000 cubic metres capacity. One-year charter rates for the most modern vessels also increased to around $54,000 per day from last week’s $49,000 per day.


Tokyo Gas spin-off plan

Tokyo Gas, one of the main Japanese LNG importers, said it would spin off a “preparatory company” to facilitate and ensure preparations for the legal separation of the Tokyo Gas pipeline division required by April 2022 under the Japanese Gas Business Act covering market liberalization. “The spin-off of the gas pipeline business is subject to approval by a resolution of the annual general meeting of shareholders scheduled to be held in June 2021 and the acquisition of licenses and approvals by the competent government agencies,” said Tokyo Gas.