Gazprom Marketing News

Golar LNG said on Monday it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology and a milestone likely to boost its Fortuna project in Equatorial Guinea. As the cost of land-based LNG plants more than tripled in the decade to 2013, Golar pioneered the conversion of ageing LNG tankers into giant refrigerators capable of chilling gas into its liquid form at minus 162 Celsius. Natural gas when liquefied can be shipped and sold around the world on tankers, like oil. By starting up the pilot floating plant in Cameroon, Golar is removing uncertainty about the risks associated with squeezing equipment into a fraction of the space occupied by an LNG plant on land, shipping analysts and industry sources say.

Dynagas LNG Partners has announced that a Partnership has entered into a new three year charter agreement with Statoil ASA (Statoil) for the employment of the Arctic Aurora, its 2013-built, 155,000 cubic meter, tri-fuel diesel engine, ice class liquefied natural gas (LNG) carrier. The Arctic Aurora is currently, and has been since 2013, on charter to Statoil. The Extended Charter is expected to commence in the third quarter of 2018 in direct continuation of the Current Charter (interrupted only by the vessel’s mandatory statutory class five-year special survey and dry-docking) and will have a firm period of about 3 years +/- 30 days. Statoil will have the option to extend the Extended Charter by two consecutive 12-month periods at escalated rates.

Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday.   Gazprom Global LNG Limited (GGLNG) said LNG supplies were due to start in 2019.   The agreement is the first stage in a planned series of partnerships between GGLNG and GNPC, with both companies working to develop the infrastructure and services required to manage and market the projected gas flows from the region, Gazprom said.   It did not disclose further details. (Reporting by Vladimir Soldatkin; editing by Susan Thomas)

The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG in Asia-Pacific. "Growing demand from power generation sector, favorable LNG prices and government initiatives to setup Singapore as LNG hub is expected to drive Singapore LNG market," says the report by TechSci Research. Pavilion Energy, a wholly owned subsidiary of Pavilion Gas Pte Ltd. inked an agreement with BP in 2016, under which the British company would supply around 0.4 million tonnes per year of LNG for 20 years from 2019, thereby increasing the supply of LNG in the country.

Dynagas LNG Partners LP has entered into a new long term time charter agreement with Gazprom Marketing & Trading Singapore Pte Ltd. for the employment of the 2007 built 150,000 cubic meter steam turbine LNG carrier Clean Energy. The Clean Energy is the Partnership's only non-ice classed LNG Carrier. The charter is expected to commence in July 2018 and will have a firm duration of about 7 years and 9 months. The gross contracted revenue from this contract is expected to be approximately $133 million over this period. Following the expiration of the existing time charter to Shell in the second quarter of 2017, Clean Energy will undergo…

Dynagas LNG Partners, the owner and operator of LNG carriers, has signed an extension and two new charter deals with Gazprom for the 2007-built Ob River until May 1, 2018. In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom Marketing and Trading Pte. Ltd., an affiliate of Gazprom, for the Ob River, which is expected to commence immediately following the vessel's redelivery from its current charter with Gazprom, for a period of 10 years (plus or minus 15 days).

Monaco – March 31, 2016 –Dynagas LNG Partners LP. * Gazprom Global LNG Limited has extended its current charter for the 2007-built LNG carrier Ob River, on the same terms, until May 1, 2018 (plus or minus 15 days). In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom Marketing and Trading Pte. Ltd., an affiliate of Gazprom, for the Ob River, which is expected to commence immediately following the vessel’s redelivery from its current charter with Gazprom, for a period of 10 years (plus or minus 15 days). *  The Partnership has entered into a new long-term time charter agreement for its 2013-built LNG carrier Lena River for the Yamal LNG Project.

Asian liquefied natural gas (LNG) prices edged up this week as the global market drew some support from demand in Mexico, after its state-run power company purchased six cargoes. The price of Asian spot cargoes for January delivery edged up to $7.30 per million British thermal units (mmBtu), from around $7.20/mmBtu last week. Cargoes for February delivery were lower at around $7.10/mmBtu, with supply from new projects in Australia and the United States expected to pick up in the new year. Mexico's CFE secured five LNG cargoes from Citi and one from Gazprom Marketing & Trading for delivery in the first half of 2016, traders said. Two sources said there had been some interest for cargoes into northwest Europe.

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday.   The company said in a statement that the contract involved sales of 2.9 million tons of LNG per annum which would be sold to the Asia-Pacific region, primarily India, with the LNG priice indexed to crude oil.   The contract was signed by Yamal Trade Pte Ltd and Gazprom Marketing & Trading Singapore Pte Ltd.     (Reporting By Jason Bush)

Gazprom Marketing & Trading’s (GM&T) says that its newly delivered LNG carrier “Pskov” has received bunkers (Heavy Fuel Oil and Marine Gas Oil) at the port of Nakhodka in the Primorskiy Region of Russia. This marks the first time a GM&T time-chartered LNG vessel bunkered in a Russian port. Bunkers were provided by another Gazprom subsidiary – GazpromNeft Marine Bunker. Upon completion of the bunkering operation, “Pskov” proceeded to the port of Prigorodnoye where the LNG terminal of the Gazprom-majority owned “Sakhalin-2” project is located. After completing the gassing up and cooling down of her cargo tanks and loading LNG, the vessel will deliver her maiden cargo to a GM&T customer in Asia.

On August 25, 2014, the naming ceremony for the Pskov high-tech liquefied natural gas (LNG) carrier was held at the South Korean shipyard STX Offshore & Shipbuilding. The ceremony was attended by Aleksander Medvedev, Deputy Chairman of the Gazprom Management Committee, Evgeniy Ambrosov, Senior Executive Vice-President of OAO Sovcomflot, Nikolay Grigoriev, Director of Global Shipping & Logistics of Gazprom Marketing and Trading, representatives of the management of STX Offshore & Shipbuilding yard…

Dynagas LNG Partners LP announced it has entered into an agreement to purchase from Dynagas Holding Ltd., the Partnership's sponsor, 100% of the ownership interests in the entity that owns and operates the Arctic Aurora, a 2013 built ice class liquefied natural gas carrier, for an aggregate purchase price of $235 million. The Arctic Aurora acquisition is subject to the Partnership obtaining the funds necessary to pay the purchase price and the satisfaction of certain closing conditions.

Asian spot liquefied natural gas (LNG) fell this week as demand from Brazil's Petrobras slackened and top Japanese buyers switched to cheaper fuels and relied more on supplies under long-term deals. Prices for April delivery dropped to around $18.10 per million British thermal units (mmBtu) from $19.60 per mmBtu last week. Petrobras, a major Atlantic Basin LNG buyer in recent weeks, withdrew from the global spot market after rainfall boosted Brazil's hydroelectric reserves and cut demand for gas-fired power generation, traders said. Japanese utilities, meanwhile, increased deliveries of lower-cost LNG under long-term, oil-linked deals. "Prices would rebound quickly if Petrobras had to come back into the market," a trade source said in light of finely balanced supply-demand.

In order to tap into Colombian stranded gas reserves, Pacific Rubiales Energy Corporation and EXMAR nv have partnered in a project to build and operate a floating LNG liquefaction, and storage unit, the Caribbean FLNG, which will be stationed at a jetty several kilometers off the Caribbean coast of Colombia for at least 15 years. In order to protect the hull of the Caribbean FLNG, keep it clean and facilitate class inspections over that time period without recourse to drydock and without causing harm to the local marine environment…

The new Russian-flag liquefied natural gas (LNG ) carrier was named 'Velikiy Novgorod' at the STX O&S shipyard in the city of Jinhae (South Korea) and becomes the fifth in Gazprom's tanker fleet. Gazprom explain that the Velikiy Novgorod is a gas carrier with membrane cargo tanks and a cargo capacity of 170.2 thousand cubic meters. It has dual-fuel diesel-electric propulsion, which can be powered by LNG, fuel oil or gasoil. The Russian-manned ship is classified according to the Russian Maritime Register of Shipping and Lloyd's Register.

EXMAR announced two keystone events in its Caribbean FLNG project. On November 5, Pacific Rubiales Energy Corp. (PRE) and Gazprom Marketing & Trade Ltd. (GM&T) announced the execution of a heads of agreement with respect to a five year sale and purchase agreement covering approximately 500,000 tons per year of liquefied natural gas (LNG) FOB Colombia (Caribbean Sea) commencing commercial operations in the second quarter of 2015. This LNG cargo will be produced in, and loaded from, EXMAR’s Caribbean FLNG barge. Last week, Wison Offshore & Marine Ltd.

On June 21, 2013 under the auspices of the St. Petersburg International Economic Forum a number of agreements were signed between Gazprom Marketing & Trading (GM&T), Russian Maritime Register of Shipping (RS), JSC United Shipbuilding Corporation and ОАО Sovcomflot (SCF) to promote Russian content in LNG carriers construction projects. To ensure LNG shipping by sea from the Gazprom Group projects Vladivostok LNG and Sakhalin-2, provision will be made for possible construction during 2017-2021 of up to 13 highly sophisticated LNG carriers…

International Paint helps refurbish a classroom at the Admiral Makarov State Maritime Academy in St. Petersburg, Russia. The project began when Gazprom Marketing & Trading (GM&T), a wholly owned subsidiary of Russian energy firm OAO Gazprom, invited a group of suppliers to consider ways to cooperate with the Academy. A group of volunteers from International Paint in St. Petersburg teamed up with colleagues from the AkzoNobel Wood Coatings and Adhesives business to transform a classroom at the Academy and equip it with a new LCD projector, screen, computer, whiteboard, tables and chairs. Alan Walker, International Paint’s Marine Director for Europe, Middle East, Africa and Russia said: “As well as the refurbishment we will also provide training and training materials to the Academy.