In this issue


LNG Journal editor

Thailand’s national energy company, PTT Exploration and Production Public Co, said it would speed up its final investment decision process for its stake in the Mozambique LNG project as it posted annual net profits of 36,202 Thai baht ($1.120 billion), a jump of almost 90 percent on its earnings in the previous year because of higher sales volumes and price. 

LNG Journal editor

GasLog Partners, the US-listed affiliate of Monaco-based GasLog Limited, said spot charter rates were currently at around $69,000 per day for tri-fuel, diesel-electric vessels as it reported lower fourth-quarter revenue and a 37 percent drop in profits attributed to derivatives losses, the expiry of charters and higher expenses in operating the 14 LNG carriers in its fleet portfolio. 

The Government of Cyprus has now set a tender deadline of March 29 for a floating LNG import terminal and associated facilities. 

Containerships, the Finnish shipping line and part of the French CMA CGM Group, said its first LNG-powered vessel, “Containerships Nord”, successfully underwent its first marine LNG bunkering at the Dutch Port of Rotterdam. 

LNG Journal editor

Wison Offshore and Marine, the Chinese shipbuilding company and builder of the first floating LNG production barge set to be deployed in Argentina, has received approval from the American Bureau of Shipping for its latest Floating Natural Gas-to-Methanol facility, recalling previous methanol and LNG plans for the Tassie Shoal offshore Australia. 

Air Products, the LNG equipment maker and process provider with a growing industrial gases business in China, posted higher quarterly net income as revenue was again more than $2.2 billion. 

Oil Search has a base in Port Moresby and is listed on the Australian Securities Exchange

LNG Journal editor

The Papua New Guinea government and the owners of the licences for feed-gas to enable liquefied natural gas expansion in the Oceania nation are expected to give the go-ahead for the joint venture by the end of March.

LNG Journal editor

Doris Engineering, the French energy contracts company with global operations, said it was awarded an advisory contract by the Senegalese Ministry of Petroleum for developments offshore the West African nation, including a BP-run floating LNG project and an exploration and production venture operated by Australian LNG producer Woodside. 

Mexico is cancelling a tender for a liquefied natural gas floating storage and regasification unit originally proposed for the Port of Pajaritos to alleviate gas shortages in the southern Gulf of Mexico state of Veracruz. 

LNG Journal editor

Santos, the Australian operator of the Gladstone liquefied natural gas plant in Queensland and a stakeholder in export plants in Darwin and Papua New Guinea, posted record quarterly LNG revenue as its annual income from the fuel jumped more than 23 percent and a total of 232 cargoes departed from the three facilities. 

Indian liquefied natural gas imports rebounded on a year-on-year basis to jump 4.7 percent in December as more cargoes arrived from Qatar, West Africa and Australia after previous monthly declines. 

Chinese liquefied natural gas imports rose by 38 percent in 2018 as winter shipments surged in the final two months as more natural gas supplies were brought to the northern cities such as Beijing to help reduce coal use and improve air quality. 

LNG Journal editor

Sempra Energy, the California-based utility, is making good progress on the commissioning process for the first liquefaction Train and other facilities at the Cameron LNG export plant in Hackberry in Louisiana, with almost 8,700 workers currently on site as activities increase. 

Tellurian Inc., developer of the Driftwood LNG export project in Louisiana, said it expected to start construction near the Lake Charles site in the first half of 2019 after regulators issued a final environmental impact statement. 

News Nudges

BW purchases Epic Gas

BW Group, the Singapore-based shipping line with a fleet of 20 LNG carriers and liquefied petroleum gas vessels, has acquired majority control of Epic Gas, the owner of a fleet of small pressurized LPG carriers. Epic, also based in Singapore, has a fleet of 39 vessels ranging from 3,500 cubic metres capacity to 11,000 cubic metres capacity serving the short-haul and regional LPG and chemicals trade. “BW is pleased to acquire this shareholding in Epic Gas with its strong operational platform and quality fleet,” said Andreas Sohmen-Pao, Chairman of BW.

Swedish start for bunker ship

The 7,500 cubic metres capacity LNG bunkering vessel “Kairos” has conducted its first LNG supply operation for the newbuild ferry “Visborg” at the ferry pier of the port of Visby on the Swedish island of Gotland in the Baltic Sea. The “Kairos”, built at the Hyundai Mipo Dockyard in South Korea and delivered to Hamburg in Germany at the end of 2018, is owned by the joint venture company Babcock Schulte Energy.

Greek vessel charters

Tsakos Energy Navigation, the Greek shipping company, has agreed charters for its two LNG carriers. Tsakos said that it signed deals for the “Neo Energy” and the “Maria Energy” for an aggregate period of 36 months. The revenues are expected to be in the region of $60 million. “With two vessels fixed on accretive medium-term charters, the company is examining further expansion in the sector,” said Chief Operating Office George Saroglou.