In this issue

 

Flex LNG, the growing Norwegian-listed fleet owner with 13 modern carriers, 10 now on the water and three other newbuilds, swung back to profits in the third quarter as four…
LNG News Editor:  Hoegh LNG, the Norwegian LNG carrier fleet operator and floating import terminal project developer, reported stable third-quarter profits as one of its vessels resumed a floating import…
Free ReadThe Papua New Guinea LNG expansion proposal to more than double current output could proceed with the single Papua Gas Agreement signed with the Government and consist of two new…
Japanese liquefied natural gas imports fell again last month after a brief rebound the previous month as Asian and US deliveries dropped, offset by more cargoes from nations like Qatar…
LNG News Editor:  China National Offshore Oil Corp., the holder of the nation’s largest capacity for LNG imports, plans to increase storage at its Binhai import terminal under construction in…
Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making slower than expected progress on its Philippines LNG import terminal in Quezon Province because of…
Free ReadLNG News Editor:  The US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants, while…
LNG News Editor:  Gasum, the Finnish state-owned LNG distribution company and regasification and liquefaction infrastructure owner in the Nordic region, has extended bunkering activities to include the Antwerp, Amsterdam and…
The American Bureau of Shipping, the US classification society, said the first of an order of 12 very large ethane carriers (VLECs) with LNG notation and built to ABS Class…
Free ReadAvenir LNG Ltd, a company owned by Norwegian shipping and infrastructure companies, has delivered its first dual-purpose liquefied natural gas bunkering and supply vessel (LBV), the “Avenir Advantage”, to the…
LNG News Editor:  The Trans-Adriatic Pipeline (TAP), an 878-kilometres transportation system bringing Caspian natural gas from Azerbaijan to Greece, Albania, via the Adriatic Sea and Italy and whose main shareholders…
Origin Energy, the utility shareholder in Australia-Pacific LNG in Queensland, and a company of billionaire Andrew Forrest developing the Port Kembla floating LNG terminal south of Sydney, have revealed separate…
Free ReadMarseille-based firm starts fuel operations in Rotterdam for its growing LNG-fueled fleet   LNG News Editor The bunkering programme has started in the port of Rotterdam for France-based container group…
LNG News Editor:  JGC Holdings Corp. of Japan, one of the leading global LNG engineering companies, reported a 12 percent drop in quarterly profits because of market challenges, though reported…

News Nudges

Azeri gas for EU

Azerbaijan, the former republic of the Soviet Union, has started commercial natural gas supplies to southern Europe via the Trans- Adriatic Pipeline (TAP) in competition to LNG and Russian pipeline gas from Gazprom. The TAP pipeline is 3,500 kilometres in length and is part of the $40-billion Southern Gas Corridor bringing natural gas to Europe from the Shah Deniz II field in the Caspian Sea, operated by UK oil and gas major BP. Azerbaijan plans to supply the markets of the European Union with 10 billion cubic metres per annum of pipeline gas, including 8 Bcm to Italy and a combined 2 Bcm to Greece and Bulgaria.


Capital ship delivery

Capital Gas Ship Management Corp., the Greek company based in the port of Piraeus, has taken delivery of the LNG carrier newbuild, the “Aristidis I”, from the Hyundai Heavy Industries shipyard in South Korea. The “Arisidis I” has been chartered to BP Shipping of the UK for a period up to 12 years. “With cargo capacity of 174,000 cubic metres, the vessel is highly efficient, propelled with XDF engines and equipped with the latest available technologies, including an air lubrication system and increased filling limits (up to 93.5 percent),” said Capital Gas.


Pan Ocean newbuild

South Korean shipbuilder Samsung Heavy Industries has signed a deal valued at 199 billion South Korean won ($185 million), to build a liquefied natural gas carrier for the South Korean shipping company Pan Ocean Co. The Korean shipping line has delivered cargoes of LNG since 2008 for the nation’s largest importer, Korea Gas Corp.