In this issue

 

Burckhardt Compression, the Swiss manufacturer of compressor systems and a service provider for LNG and other markets, has closed its fiscal year with higher sales and profits as it forecast…
LNG News Editor:  A Western Australian mining company targeting one of the largest known remaining global resources of premium ore called kaolin has advanced towards the start-up of its project…
Free ReadWoodside Petroleum, the operator of two liquefied natural gas export plants, said it had agreed a project to install more than 210,000 solar panels on the Burrup Peninsula of Western…
PTTEP’s Phongsthorn Thavisin announced second gas discovery amid LNG expansion 
LNG News Editor:  Stena Power and LNG Solutions was awarded the contract by Singapore-based Delta Offshore Energy to provide front-end engineering and design for using Stena’s jetty-less LNG transfer and…
Free ReadThe US Department of Energy has just published its latest liquefied natural gas export data with the average overall price for the six plants declining to just over $6.00 per…
LNG News Editor:  Indian liquefied natural gas imports jumped by more than 45 percent in April from a much lower figure in April 2020 caused by last year’s drop in…
Japan, the world's No. 1 liquefied natural gas importer, has stopped releasing monthly spot LNG prices contracted for or delivered to Japan that had been in force for seven years…
Free ReadJapan’s liquefied natural gas imports declined last month for a second month with drops in volumes from the Middle East, Australia and the spot market being partly offset by deliveries…
LNG News Editor:  H-Energy of India, whose chartered floating storage and regasification unit (FSRU) is currently deployed as the seventh LNG Indian import terminal at the West Coast port of…
LNG News Editor:  Novatek Chief Executive Leonid Mikhelson said after meeting Russian President Vladimir Putin in Moscow that all three liquefaction Trains at the Arctic LNG II plant were scheduled…
LNG News Editor:  French maritime storage technology company GTT has been chosen to design the fuel tanks of 12 new liquefied natural gas-powered container vessels ordered from China by the…
Free ReadChart Industries, the US industrial gases company and LNG equipment supplier which this year logged an order from New Fortress Energy for its “Fast LNG” liquefier vessel, has completed a…
Teekay LNG Partners, whose gas group units own, charter or have stakes in 77 vessels, including 47 liquefied natural gas carriers and 30 liquefied petroleum gas or multi-gas vessels, reported…

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.