LNG

Colombia LNG plan

Black and Veatch of the US, the Kansas-based supplier of LNG and energy equipment and solutions, has been selected to conduct a technical, engineering and commercial study for the Andes Energy Terminal project in the South American nation of Colombia. The gas-to-power venture would be centred on Buenaventura in Colombia’s Aguadulce Peninsula.

GTT China tanks order

French LNG storage tanks technology firm GTT has received another order for the design of two very large membrane full containment storage tanks from China’s Chengda Engineering. GTT will design the two latest generation tanks, each with a net capacity of 220,000 cubic metres. GTT said the order was part of the cooperation agreement between Beijing Gas and GTT related to the Tianjin Nangang LNG terminal project in northeast China. The two tanks are scheduled to be delivered to the Tianjin South Industrial Zone for Phase III construction in the second quarter of 2024.

Charter rates steady

Shipping charter rates for LNG carriers in the spot market were little changed in the past week in the West of Suez market at between $59,000 per day and $55,000 per day for vessels of 155,000-165,000 cubic metres capacity. For vessels East of Suez fixture levels were down by at least $2,000 per day and were quoted at between $54,000 per day and $50,000 per day, according to London brokers. One-year charter rates for the most modern vessels were unchanged at around $77,000 per day.