In this issue

 

Flogas Britain, the UK’s leading liquefied natural gas distributor via trucks, has completed a multi-million pound investment in its LNG distribution fleet as it continues to expand.
Our Europe editor The German Baltic port of Rostock has carried out its first liquefied natural gas fueling operation involving a ship owned by a Norwegian-Swedish joint venture and the…
Three LNG carrier fleet owners, Golar LNG, GasLog and Dynagas said their pooling arrangement aimed mainly at the spot market had initiated dialogue on “innovative chartering arrangements.”
Maputo sanctioned development of first phase of venture to move towards gas production Our Europe editor Italy’s Eni posted a massive 7.8 billion euros ($8.5Bln) of quarterly losses due to…
Our Asia-Pacific editor Air Water Inc., Japan's second-largest provider of industrial gases, has acquired a natural gas tank maker in Malaysia to build up the small-scale LNG storage and transportation…
Former Cheniere Energy Chairman and Chief Executive Charif Souki, who was ousted as head of the US developer of the Sabine Pass and Corpus Christi liquefied natural gas export projects,…
Our North America editor in New York Chart Industries, one of the leading US LNG equipment providers, said that given the continued low oil prices, economic headwinds and weak orders…
One of only two US LNG export projects on the East Coast, the Dominion Cove Point venture on Chesapeake Bay in Maryland, is about one-quarter complete, according to the latest…
McDermott International, the US energy and LNG engineering company, will put its new flagship vessel, the “DLV 2000”, to work offshore Australia on two liquefied natural gas projects.
Our North America editor in New York Cheniere Energy told US regulators its Corpus Christi liquefied natural gas export project in Texas was almost a third complete as its first…
Gaztransport and Technigaz (GTT), the French designer of membrane containment systems for LNG maritime transportation and storage, posted a net profit as the energy technology company averted the worst effects…
Our Europe editor French liquefied natural gas terminals operator Elengy is proposing a pooling service for intra-monthly regasification capacity between France’s three regulated import facilities to enable more arbitrage options.
Our Europe editor IM Skaugen, the Norwegian operator of small-scale LNG carriers and other fuel vessels, narrowed its full-year losses as several bright spots remained in the liquefied natural gas…
Lydall Performance Materials is building up its supply portfolio for liquefied natural gas projects in Australia and the US as infrastructure orders continue, though at a slower pace amid the…

News Nudges

US LNG for Hokkaido

Hokkaido Electric Power, the Japanese utility, said it received its first US LNG cargo delivered to the Ishikariwan Shinko Power Plant. The shipment originated at Freeport LNG in Texas and was based on a spot sales contract concluded between Hokkaido Electric and the largest Japanese LNG trader, JERA Global Markets. The shipment was delivered by the 177,000 cubic metres capac- ity LNG carrier “Shinshu Maru”, owned by Trans-Pacific Shipping, a joint venture comprising JERA and Nippon Yusen Kabushiki Kaisha (NYK Line).


Burckhardt bond sale

Burckhardt Compression, the Swiss LNG equipment maker for the maritime market, said it suc- cessfully issued a bond valued at 100 million Swiss francs ($108.5M) on Switzerland’s capital market. “The bond is primarily intended to finance the recently announced acquisition of the remaining 40 percent stake in Shenyang Yuanda Compressor, based in Shenyang, China,” said the company. Burck- hardt’s bond has a maturity of four years and a coupon of 1.50 percent. The issue was managed by Zürcher Kantonalbank.


Spot charter rates rise

Shipping charter rates for LNG carriers in the spot market increased over the past week by around $7,000 per day. Rates were quoted at an average of between $59,000 per day and $61,000 per day West of Suez and at rates of between $56,5000 per day and $58,500 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charter rates were little changed for the most modern vessels and were seen at around $47,000 per day.