In this issue

 

LNG Journal editor

Westport Fuel Systems Inc., the Canadian-based supplier of LNG and compressed natural gas vehicle engine and storage technology and components, has named David M. Johnson as its new Chief Executive. 

Japanese spot LNG delivered cargo prices were at an average of $10.60 per million British thermal units in December, a rise of $2.50 per MMBtu compared with the price the previous year of $8.10 per MMBtu, though lower than the November 2018 price. 

Japanese shipping line outlines challenges facing industry from IMO limits and global economics

LNG Journal editor

Mitsui OSK Lines, the Japanese shipping company whose operated fleet includes almost 100 LNG carriers, said that in an uncertain political and economic environment in the year ahead, one issue that would have a notable impact on the global shipping industry is the enforcement of new sulfur-oxide emissions regulations in January 2020. 

LNG Journal editor

Russian shipping line Sovcomflot has placed an order at Zvezda Shipbuilding for construction of three new generation product carriers powered by liquefied natural gas as their primary fuel. 

Alaska Governor Michael J. Dunleavy has named four new members to the seven-member board of directors governing the Alaska Gasline Development Corp., the state company aiming to build the Alaska LNG project to supply Asian nations. 

LNG Journal editor

Ophir Energy, the UK company that planned a floating LNG export project offshore Equatorial Guinea, has been told by the West African nation that its exploration and production licence that underpinned the project has not been renewed. 

Jera Trading (Jerat), the joint trading venture between Japanese LNG and fuel procurement and utility company Jera Co. Inc. and French firm EDF Trading established in April 2017 following the acquisition of EDFT’s coal business, is continuing its countdown to becoming Jera Global Markets. 

Tokyo Gas, the utility and importer of around 12 million tonnes per annum of LNG to Japan, has helped start the first non-state natural gas distribution business in Thailand in a joint venture with Japanese trading house Mitsui and three Thai companies. 

LNG Journal editor

Williams, the US pipeline and infrastructure company, said its Gulf Connector project has been placed into full service to expand its Transcontinental Gas Pipe Line (Transco), the nation’s largest interstate natural gas pipeline, with more liquefied natural gas ventures. 

The newest US export plant at Corpus Christi in Texas has been given the go-ahead to begin commissioning the second liquefaction Train as operator Cheniere Energy continues to ramp-up the first Train after staring commercial operations and shipping its first cargo in December. 

LNG Journal editor

Federal Energy Regulatory Commission Chairman Kevin McIntyre has died at his home in Arlington, Virginia, after an illness. He was 58 and had been nominated in August 2017 to head the FERC, the main regulatory body for LNG projects and other energy-related ventures. 

LNG Journal editor

The Texas-based private equity firm, BP Energy Partners (BPEP), has purchased a controlling interest in Cryopeak LNG Solutions Corp., a small-scale Canadian provider of liquefied natural gas to users in remote locations. 

The Russian port and enclave of Kaliningrad is now self-sufficient in LNG after a delivery via the floating storage and regasification unit, the “Marshal Vasilevskiy”, to the small area separated from Russia and bordering Lithuania and Poland. 

GasLog Ltd, the Monaco-based LNG fleet owner with 25 ships operating and nine others on order, has given more details of its terms for the latest time charters for vessels to US LNG producer Cheniere Energy, owner of the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas. 

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.