GasLog Provides FSU for Panama Project
GasLog has recently signed a 10-year time charter with Sinolam LNG Terminal, S.A. for the provision of an LNG FSU to a gas-fired power project being developed in Panama.The time charter is expected to be fulfilled through the conversion of the GasLog Singapore, a 155,000 cbm TFDE LNG carrier built in 2010. The required modifications are such that, as well as being FSU ready, the vessel will still be able to trade as an LNG carrier following the conversion work.The conversion will take place in conjunction with the vessel’s scheduled 5-year dry-docking and special survey in the third quarter of 2020, enabling both time and cost synergies.
GasLog Partners Wins Gunvor Charter
The liquefied natural gas (LNG) tanker partnership GasLog Partners announced today that one of its subsidiaries has entered into a three-and-a-half-year charter for the GasLog Shanghai with Clearlake Shipping Pte Ltd.Clearlake Shipping is a subsidiary of Gunvor Group Ltd. The charter, expected to commence in June 2019, will have a variable rate of hire across the charter period based upon an agreed range.The GasLog Shanghai is a 155,000 cbm TFDE LNG carrier built in 2013 which is currently operating in the LNG carrier spot market.Andrew Orekar, Chief Executive Officer of GasLog Partners, stated, “I am very pleased to announce this three-and-a-half-year charter agreement with Gunvor…
Global LNG Trade Jumps by 7.1%, Says Höegh LNG
The global floating liquefied natural gas (LNG) trade reached 236 million tonnes in the first nine months of 2018, up by 7.1% from the same period of 2017 on a combination of robust Asian demand and new supplies of LNG from Australia and the USA, said Höegh LNG.The provider of LNG transportation and services said that for the full year, LNG trade is expected to reach around 320 million tonnes, up by more than 7% from 2017.Increasing Chinese demand continues to be a key driver for expanding LNG volumes. LNG imports by China were 37.7 million tonnes during the first nine months of 2018, up 46% from the same period in 2017 and pointing towards full-year imports of more than 55 million tonnes."That makes China the world’s secondlargest importer of LNG…
Hoegh LNG Signs FSRU Deal with Gas Natural Fenosa
Norway's Höegh LNG said on Wednesday that its floating storage and regasification unit (FSRU) Höegh Giant has started its time charter contract with Spanish LNG operator Gas Natural Fenosa. The initial term of the contract is three years, and it includes the option for Gas Natural Fenosa to utilize the unit as an FSRU at a pre-defined day rate and for a pre-defined term. Until FSRU employment is established, the unit will trade in Gas Natural Fenosa's fleet, earning a LNG carrier spot-market-linked day rate. The Höegh Giant will transit the Panama Canal destined for Sabine Pass in the United States, where it will load its first cargo under the Gas Natural Fenosa contract, reflecting the flexibility and full trading capabilities of Höegh LNG's premier FSRU fleet.
GoFLNG Strategy Milestone for Golar LNG
Golar LNG has now passed a very significant milestone in the roll out of its GoFLNG strategy, says a statement from the company. The recent full and final investment decision (FID) of the Cameroon GoFLNG Hilli project fully validates both the technical and commercial aspects of the Company’s FLNG business model. Furthermore, achievement of this FID in the current distressed Oil and Gas market is the clearest possible demonstration of a very robust new business proposition. The good progress toward FID being made with Ophir, now greatly enhanced by the potential participation of Schlumberger in the project, is adding to the GoFLNG momentum. The LNG carrier spot market remains a significant concern for the Company.
