In this issue

 

Fluxys, the Belgian natural gas network operator and owner of the Zeebrugge LNG terminal, has joined forces with Dutch company Titan LNG for a bunkering pontoon project to make LNG maritime fuel more widely available in the Antwerp port area and region. 

LNG Journal editor

Intercontinental Exchange, the operator of global platforms and clearing houses for energy and commodities, reported record trading in the continental European natural gas Dutch Title Transfer Facility (TTF) contract and in the Japan-Korea Marker contract used for North Asian LNG cargo pricing. 

Pieridae Energy, the Canadian exploration and production company and developer of the Goldboro LNG export project in Nova Scotia with German-backed funding and sales accords, has signed a benefits agreement with First Nation people in the Atlantic coast province. 

The Shanghai Petroleum and Natural Gas Exchange said natural gas transactions reached a record high last year as demand jumped because of gas replacing coal in the general energy mix and as the northern cities adopted policies to reduce pollution. 

LNG Journal editor

GRTgaz, the French natural gas pipeline network operator whose subsidiary Elengy operates three LNG import terminals, has outlined its 10-year development plan, including expansion and upgrades at the Montoir-de-Bretagne facility on the West Coast and at the two terminals near Marseille, where capacity will be more than doubled. 

LNG Journal editor

Wood Group of the UK and KBR of the US have won a contract to deliver integrated front-end engineering and design for Royal Dutch Shell’s Crux project comprising the construction of a platform and gas export pipeline located offshore Western Australia and linked to the Prelude floating LNG venture. 

LNG Journal editor

South Korea’s shipbuilding industry, the largest builder of LNG carriers, is advancing with plans for consolidation and an overhaul organized by state-run Korea Development Bank, with Hyundai Heavy Industries, the world's largest shipbuilder by sales, being offered the bank’s controlling stake in Daewoo Shipbuilding and Marine Engineering. 

The American Bureau of Shipping, US classification society, has launched a new guide for liquefied natural gas tank barges with remote control and monitoring of essential systems. 

The American Bureau of Shipping, the US classification society, has granted approval to two Chinese designs related to ship fuel for vessels powered by liquefied natural gas being constructed by the Dalian Shipbuilding Industry Group Co. 

LNG Journal editor

Vietnam is making progress on a project to construct a liquefied natural gas import terminal with an associated power plant in Bac Lieu Province in the southern Mekong Delta and the venture is being developed with full foreign infrastructure investment. 

Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture with state energy company Petronas, said the FLNG project was high on its investment plans as it reported its fourth-quarter results. 

Output at liquefaction plants is expected to fall in 2019 because of maintenance activities

LNG Journal editor

Royal Dutch Shell said its annual LNG sales volumes rose by 8 percent to more than 71 million tonnes, including 17.39 million tonnes in the fourth quarter as higher prices boosted earnings and the Anglo-Dutch company progressed with commissioning of the Prelude floating LNG plant offshore northwest Australia. 

LNG Journal editor

South Korean shipbuilders saw their shares surge on expectations Qatar may soon order at least 35 new liquefied natural gas carriers as it advances with plans to build four new processing Trains and to regain its position as the largest global LNG producer. 

Abu Dhabi National Oil Company, the producer of oil and LNG for the United Arab Emirates, has concluded one of the largest ever deals for refining assets by selling a one-fifth shareholding to Italian energy company Eni for $3.9 billion as the UAE seeks to fund a long extension of LNG output and additional exploration and production activities. 

News Nudges

BW purchases Epic Gas

BW Group, the Singapore-based shipping line with a fleet of 20 LNG carriers and liquefied petroleum gas vessels, has acquired majority control of Epic Gas, the owner of a fleet of small pressurized LPG carriers. Epic, also based in Singapore, has a fleet of 39 vessels ranging from 3,500 cubic metres capacity to 11,000 cubic metres capacity serving the short-haul and regional LPG and chemicals trade. “BW is pleased to acquire this shareholding in Epic Gas with its strong operational platform and quality fleet,” said Andreas Sohmen-Pao, Chairman of BW.


Swedish start for bunker ship

The 7,500 cubic metres capacity LNG bunkering vessel “Kairos” has conducted its first LNG supply operation for the newbuild ferry “Visborg” at the ferry pier of the port of Visby on the Swedish island of Gotland in the Baltic Sea. The “Kairos”, built at the Hyundai Mipo Dockyard in South Korea and delivered to Hamburg in Germany at the end of 2018, is owned by the joint venture company Babcock Schulte Energy.


Greek vessel charters

Tsakos Energy Navigation, the Greek shipping company, has agreed charters for its two LNG carriers. Tsakos said that it signed deals for the “Neo Energy” and the “Maria Energy” for an aggregate period of 36 months. The revenues are expected to be in the region of $60 million. “With two vessels fixed on accretive medium-term charters, the company is examining further expansion in the sector,” said Chief Operating Office George Saroglou.