In this issue

 

Russian fleet owner Sovcomflot and Sakhalin Energy, operator of the LNG plant in the Russian Far East, signed long-term time-charter contracts for two existing LNG-powered tankers, which will be re-fuelled…
LNG News Editor:  Oil Search, one of the shareholders in the Papua New Guinea LNG expansion project called Papua LNG, said the joint venture was aiming for front-end engineering and…
Free ReadLNG News Editor:  The United States expects dry natural gas production will be flat and average 92.9 billion cubic feet per day in the second half of 2021 before output…
LNG News Editor:  GasLog Ltd, the operator of a fleet of 35 LNG carriers, has completed its merger transaction with the infrastructure unit of the giant US asset management firm…
Sembcorp Marine, the Singapore-based company specialising in offshore platforms and LNG projects such as conversions and the building of its first LNG-powered tugs, has entered into agreements to amend delivery…
Free ReadHöegh LNG Partners, the US affiliate of Höegh LNG Holdings now partnered with the infrastructure unit of US investment bank Morgan Stanley, has given the bank seats on the board.…
LNG News Editor:  Gazprom has held a virtual commissioning ceremony for the first production Train at the Amur Gas Processing Plant, one of the world’s largest and part of the…
McDermott International, the US energy and LNG engineering firm, and China’s Sinopec International Petroleum Service Corp, have received the conditional award of a $2-billion contract from France’s TotalEnergies to give…
The Scottish terminal includes two insulated storage tanks and a ship bunkering station 
Free ReadLNG News Editor:  Tellurian Inc., the developer of the Driftwood LNG export project in Louisiana, has finalized a second LNG supply deal with international commodities company Vitol after previously signing…
Novatek, the Russian natural gas developer of the Arctic LNG II project, has concluded two initial liquefied natural gas supply accords with global commodities firm Glencore and with China’s Zhejiang…
LNG News Editor:  Sakhalin Energy, the operator of the Sakhalin II LNG plant in the Russian Far East supplying four North Asian nations, has started scheduled maintenance at infrastructure facilities…
Kinder Morgan, the US pipeline giant and key shareholder in the LNG export plant in Georgia and the Gulf LNG project in Mississippi, has agreed on the $1.22 billion acquisition…
Free ReadStabilis Solutions, the liquefaction plant operator and supplier to the small-scale LNG market in the United States, has completed the acquisition of another facility in Louisiana. Stabilis said the acquisition…

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.