In this issue

 

Free ReadSeaspan Corp. a subsidiary of New York Stock Exchange-listed Atlas Corp. and with a fleet of 127 containerships, has entered into a long-term charter deal worth $1.5 billion with Israel’s…
LNG News Editor:  McDermott International of the US was awarded the main engineering contract from Australian LNG plant operator Santos for the offshore Bayu-Undan infill well that serves the Darwin…
Western Australian LNG plant operator Woodside has completed the acquisition of the entire participating interest of Australian energy company FAR Ltd in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep…
Free ReadOutlooks point to the 2021 summer season requiring careful strategies  LNG News Editor:  JERA Co. Inc., the Japanese LNG buyer of 35 million tonnes per annum of volumes and with…
LNG News Editor:  Inpex Corp., the Japanese operator of the Ichthys LNG export plant in northern Australia and a shareholder in a liquefaction project in Indonesia, has signed a sales…
Leading ship management company V Group has appointed former Shell executive David Taylor as Managing Director of the liquefied natural gas division as it prepares for the expansion of the…
Free ReadLNG News Editor:  US credit ratings agency Moody’s Investors Service has affirmed the high credit rating of Qatar Petroleum as it embarks on liquefied natural gas expansions and the projects…
Qatar Petroleum has received offers for double the equity available to potential partners in the bidding process for the North Field East liquefied natural gas export plant expansion project in…
Qatar Petroleum has signed a 10-year Sale and Purchase Agreement with Royal Dutch Shell for the supply of 1 million tonnes per annum of liquefied natural gas to China.
LNG News Editor:  Gazprom said it had begun building a small-scale liquefied natural gas facility using coal-seam gas in the Kuznetsk Coal Basin in the country’s Kemerovo region of southwest…
Free ReadTitan LNG, a Dutch supplier to the marine and industrial markets with quayside and ship-to-ship delivery of LNG to river barges and sea-going ships in the ports such as Amsterdam,…
LNG News Editor:  Norway and the UK, among the two main oil and natural gas producers in Europe and who are outside of the European Union since the UK’s Brexit…
LNG News Editor:  JGC Holdings Corp. of Japan, the leading global builder of liquefied natural gas liquefaction facilities, has been commissioned by the Japan Aerospace Exploration Agency (JAXA) to design…
Free ReadGlobal commodities firm Trafigura is helping lead the investment revival in the Vaca Muerta Shale Basin in Argentina where energy investment has lagged other nations as well as dropping during…

News Nudges

Flex LNG earnings

Flex LNG, the shipping company with a fleet of 13 vessels, reported higher third-quarter revenues of $81.8 million and increased quarterly net income to $32.8M. “In the fourth quarter, we will also be handsomely rewarded for maintaining a 30 percent exposure to the spot market as the spot market is currently at all-time highs,” said Øystein Kalleklev, Chief Executive of Flex LNG Management AS. The Bermuda-based company’s average time charter equivalent rates were $68,341 per day for the third quarter, up from $57,780 per day in the previous three months.


Pavilion methodology

Pavilion Energy of Singapore along with QatarEnergy and US major Chevron Corp. have jointly published a “quantification and reporting methodology” to produce a statement of greenhouse-gas emissions for delivered LNG cargoes. This is the first such published methodology that will be applied to sales and purchase agreements (SPAs), specifically the executed SPAs of Pavilion Energy with QatarEnergy and Chevron.


Mozambique naming

The “Coral-Sul FLNG” vessel, the floating LNG hull to be deployed in 2022 in the deep waters of Mozambique in southeast Africa, has been formally name at the Samsung Heavy Industries shipyard in Geoje in South Korea. The guests of honour were Mozambican President Filipe Jacinto Nyusia and South Korean President Moon Jae-In. Italian energy company Eni said it attended as delegated operator and on behalf of its Mozambique Rovuma Basin Area 4 licence partners.