SHIPPING NEWS
AGENDA
BUSINESS
Pakistan cancels tender 3Owners eyeing LNGC contracts 3Santos buys Australian interests 5
ExxonMobil in LNGC deal 7Nakilat takes INSW tonnage 8Elba Island starts up 8
LNGC rates soaring LNG shipping rates have surged to $130,000 per day from around $80,000 per day at the end of September due to tight vessel supply and seasonal firmness in demand.
The upward rate momentum
is expected to be maintained
in 4Q19, due to a reduction
in the availability of vessels
in the spot market.
This is being driven by several
factors, including– US sanctions
on COSCO-linked LNGCs, a rise
in LNG demand, vessels being
used for floating storage and
typhoons causing delays in
China and Japan, said Drewry
Maritime Research in a report.
The US sanctions on COSCO-
linked LNGCs forced charterers to
find replacement vessels from the
spot market, reducing the prompt
tonnage availability. Moreover,
the ongoing contango in LNG
prices has resulted in a sudden
jump in Asian floating storage
levels, further reducing the vessel
supply. In addition, typhoons in
China and Japan have affected
vessel offloading in the region.
Adding fuel to the fire, high
LNG inventories in Europe
have caused LNGCs to either
slow steam or delay deliveries,
absorbing more vessels from
an already tight fleet.
LNGCs blockedThe result of the 25th September
US sanctions on Chinese
shipping companies resulted in
12 COSCO-linked LNGCs being
blocked from trading, which
triggered the charter rates
over the last two weeks.
Among the 12 vessels, six
Arc7s under the 50:50 Yamal
LNG JV between Teekay LNG
and China LNG Shipping (50%
owned by COSCO) were blocked.
The remaining six LNGCs linked
to COSCO were on charter to
China National Offshore Oil and
Gas Company (CNOOC), which
is now seeking to replace them
quickly, which will further deplete
the prompt vessel availability,
causing a surge in rates.
As a measure to compensate
for the lost tonnage,
Novatek’s Yamal LNG project
is seeking to use Norway or
Murmansk as transhipment
hubs to fulfil its contractual
obligations (see page 7).
Furthermore, ongoing weather
delays caused by typhoon Hagibis
in China and Japan have resulted
in a Chinese-receiving terminal
being shut down and causing
offloading delays in Japan thus
limiting vessel availability.
Increased demand expectations
have also spurred forward
LNG prices, leading to a rise
in the use of LNGCs as floating
storage. Higher forward gas
prices have also given an
incentive for LNGCs to take
longer voyages and diversions to
avoid quick deliveries, further
contracting vessel supply.
In addition, upcoming
liquefaction capacity through
Elba LNG T1-5 (1.5 mill tonnes
per annum) in the US, Vysotsk T2
(0.6 mill tonnes) and Yamal LNG
T4 (1.2 mill tonnes per annum)
in Russia will further provide the
impetus to keep shipping rates
high in 4Q19, Drewry said.
LNG shipping rates have
gradually increased on the
BLNG1 Index (the Gladstone/
Tokyo route) to stand at $132,900
per day on 11th October from
$61,100 per day before the
sanctions, up by 117%.
In the near term, vessel
availability is unlikely to increase.
Therefore, Drewry projected
TFDE rates for a 170,000 cu m
vessel to breach the $200,000
per day mark in the short term,
while steam turbine rates will
pass the $100,000 per day level.
Overall, high demand and
tight vessel availability is
predicted to keep shipping rates
high – in the range of $150,000
- $200,000 per day in 4Q19. n
LNG CARRIERS NO ELTIT LANRUOJ GNL nA
LNG Shipping News17 October 2019
Rates soaring 1State of play 2US growth 3Total joins Adani 6
MARKETING
LNG Spot rates
Source: Drewry Maritime Research
-
50,000
100,000
150,000
Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19
$pd
BLNG1(Gladstone-Tokyo)BLNG3(Sabine-Tokyo)
NEWS LNG Shipping News 17 October 20192 l NEWS LNG Shipping News 5 September 20192
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Sovcomflot and NOVATEK sign joint venture agreementOn Wednesday, during the Fifth Eastern Economic Forum, PAO Sovcomflot (SCF) and PAO NOVATEK concludedan agreement to establish a joint venture - SMART LLC.
This agreement was signed bySergey Frank, SCF President andCEO, and Leonid Mikhelson, Chair-man of the Management Board ofNOVATEK.
The aim the joint venture is toensure safe year-round maritimeLNG logistics from the Arctic LNG-2 and other current and prospec-tive NOVATEK projects.
SMART LLC will provide thetechnical designs for future ves-sels, place shipbuilding orders andsupervise the technical aspects oftheir construction. The JV willfunction as the shipowner andfleet operator and will also ac-count for the financing require-ments of the projects.
Around 17 new Arc7 LNGCs areplanned to be built at the Zvezdashipbuilding complex, in co-opera-tion with the Russian shipyard'stechnology partners. These vesselsare expected to be delivered be-tween 2023 - 2026.
The vessels’ technical specifi-cations will differ from the LNGCsof the 'Christophe de Margerie' series. Notably, the anticipatedvessel design foresees a changed
hull shape and better icebreakingcapabilities, to enable efficientcommercial shipments from theGulf of Ob eastwards along theNorthern Sea Route (NSR) year-round.
All of the vessels will be oper-ate under the Russian Federationflag and SMART LLC will be locatedin Vladivostok.
It is anticipated that the fi-nancing for the vessels’ construc-tion will be organised with theassistance of VEB.RF, on the basisof the project’s structure takinginto account Russian and interna-tional practice.
The agreement stipulates thatboth parties will take measures toform the JV by 31st December,2019.
Frank stated: "Establishing a JVwith NOVATEK is the optimal solu-tion, considering the high capitalintensity of the projects, as wellas its long-term nature and the fi-nancial resources required. It alsorecognises the benefits of usingthe latest technologies and ourexperience of fleet managementin severe ice and climatic condi-
tions. The company is potentiallyopen for other professional in-vestors and participants that maybe considering the development ofLNG-projects in the Arctic.
“For Arctic and sub-Arctic seabasin projects, Sovcomflot’s ves-sels have transported over 250mill tonnes of crude oil and over50 mill cu m of LNG. We arepleased to bring this unique expe-rience and expertise accumulatedby the company during years ofsuccessful and safe operation ofour technically unique fleet ofspecialised vessels.
“The implementation of theproject envisages the great impor-tance of training for seafarers ofthe vessels, and it is symbolic thatthe agreement was signed in thebuilding of the legendary MaritimeState University named after Ad-miral G I Nevelskoy, one of Russia'soldest universities and a pioneerin the formation of the traditionsof Arctic navigation.
“For more than a hundredyears, the university has been ed-ucating generations of highly qual-ified marine specialists to work in
the Eastern sector of the Arcticand the Northern water area ofthe Pacific Ocean.” n
Chinese consortium tobuild Cyprusterminal A consortium led by ChinaPetroleum Pipeline EngineeringCorporation (CPPEC) has beenchosen as the preferred bidderfor the construction of an LNGterminal at Vassiliko Port inCyprus.
The consortium, comprisingWilhelmsen Ship ManagementLimited, Aktor, Metron andHudong-Zhonghua Shipbuilding,is to build the import terminal.It will include an FSRU, a jettyfor the mooring of the unit,jetty and onshore pipelines, aswell as additional facilities.
The consortium will now fi-nalise the process and sign thecontracts with ETYFA (NaturalGas Infrastructure Company).
Symeon Kassianides, Chair-man of Cyprus Natural Gas Pub-lic Company (DEFA), reportedlysaid that, if the project goesaccording to plan, contractswith the preferred bidderwould be signed in mid-Octo-ber, 2019.
The €300 mill project,scheduled for completion in2021, is co-financed by a grantof 40%, or up to €101 mill, fromthe European Union’s Connect-ing Europe Facility (CEF) financing instrument. nSergey Frank Sovcomflot right, Leonid Mikhelson NOVATEK left
2019 - A year of expansionIn the light of the burgeoning LNG market, Italian broking and research concern Banchero & Costa has taken a look at the state of play.
Looking at the last 10 years, global LNG trade
grew at an average of +5% year-on-year.
The rate of growth, however, was irregular -
strong until 2011, mainly flat for the following
four years (averaging +0.5%) and from 2016,
rising.
Between 2016 and 2019, growth in global
LNG trade averaged a very healthy +9% y-o-y,
reaching almost 350 mill tonnes last year.
The irregular development was mostly down
to the complexity of liquefying the natural gas
before shipment and the regasification process
following shipment to ensure that the LNG is
available for consumption.
Rather than pure supply and demand, the
bottlenecks were mostly at the infrastructure
level, ie at the beginning and the end of each
voyage.
In particular, the major constraint of the
last 10 years was the the liquefaction capacity
available, which was unable to produce enough
LNG for export. However, with new liquefaction
capacity entering into service, the trade is now
flourishing.
On the supply side, the two largest exporters
are Qatar and Australia, which together account
for almost half of the total volumes exported
worldwide.
As new projects came onstream, Australia’s
exports increased 23% y-o-y last year to reach
69.2 mill tonnes almost matching the 77.9 mill
tonnes exported by Qatar, the world’s largest
producer and exporter of LNG. Last year, Qatar
announced plans to increase its liquefaction
capacity to 100 mill tonnes by the mid-2020s.
In addition, global LNG supply is set to rise
thanks to the additional capacity coming from
the US and Russia. For example, the US is
expected to hold half of the incremental new
global supply capacity in the next few years,
the Genoa-based broker said.
In 2018, US LNG exports increased by 54%
y-o-y to 22 mill tonnes, from 14.3 mill tonnes
recorded in 2017.
Tonne/mile boostFurther US export developments are expected
to provide a huge boost to tonne/mile demand.
The EIA has forecast that the country will be
the world’s third largest LNG exporter by 2020
behind Australia and Qatar, overtaking Malaysia.
In the first nine month of this year, based
on Refinitiv vessel tracking data, global LNG
seaborne exports increased by 11.2% y-o-y
to 260.3 mill tonnes. During this period, LNG
exports from Australia increased by 13.4% y-o-y
to 56.2 mill tonnes, just shy of Qatar’s 56.9 mill
tonnes.
As a result, Australia now accounts for 21.6%
of global LNG supply, almost matching Qatar’s
21.9% share. LNG exports from the US increased
by 54.9% y-o-y in the first nine months of this
year to 24.2 mill tonnes, amounting to 9.3% of
global LNG supply.
Also this year, LNG imports to China increased
by 18.9% y-o-y to 43 mill tonnes. However,
imports to India increased by only 0.9% y-o-y in
the same period, to 16.4 mill tonnes.
In addition, Europe saw a significant increase
in imports. For example, Spain imported
12.6 mill tonnes to the end of September,
up 57.3% y-o-y. Japan and South Korea, on
the other hand, saw declines of 7.5% and
8%, respectively, thus far, Banchero Costa
concluded. n
63
26 28
149
12
6662
3632
16
813
66
58
43
29
1613 12
93
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Japan China, PR South Korea India Spain Taiwan, China Others
mln
tonn
es
LNG Imports by Destination in January-September(Oct 2019 ; source: refinitiv ; seaborne only ; in mln tonnes)
2017 (1-9) 2018 (1-9) 2019 (1-9)
59
41
9 8
2015
65
58
50
1612
1715
66
57 56
2420 20
14
69
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
Qatar Australia USA Russia Malaysia Nigeria Others
mln
tonn
es
LNG Exports by Source in January-September(Oct 2019 ; source: refinitiv ; seaborne only ; in mln tonnes)
2017 (1-9) 2018 (1-9) 2019 (1-9)
comment
2market report - week 40/2019
Over the last 10 years, global LNG trade grew at an average of +5% y-o-y. The rate of growth however was quiteirregular: strong until 2011, substantially flat in the following 4 years (averaging +0.5%) and from 2016 rising again.Between 2016 and 2019, growth in global LNG trade averaged a very healthy +9% y-o-y, reaching almost 350 mlntonnes a year in 2018.Such an irregular development is mostly due to the complexity of liquefying the natural gas before loading it on shipsand the regasification process to make LNG available for consumption.Rather than pure supply and demand of natural gas, the real bottlenecks so far have been mostly at the infrastructurelevel, at the beginning and at the end of the voyage by sea.In particular the major constrain of the last 10 years was that liquefaction capacity was unable to produce enough LNGfor exports. With new liquefaction capacity entering in service the trade is now flourishing again.On the supply side, the two largest exporters are Qatar and Australia, together accounting for almost half of the totalvolumes exported worldwide.With new projects coming on stream, Australia’s exports increased 23% y-o-y last year to reach 69.2 mln tonnes overthe whole of 2018, almost matching the 77.9 mln tonnes exported by Qatar.Qatar continued to be the world’s largest producer and exporter of LNG. Last year, Qatar announced plans to increaseliquefaction capacity to 100 MTPA by the mid-2020s.LNG global supply is set to rise also thanks to the additional capacity coming from the USA and Russia. U.S. is expectedto hold half of the incremental new global supply capacity in the next few years. In 2018, U.S. LNG exports increasedby 54% y-o-y to 22.0 mln tonnes, from 14.3 mln tonnes in 2017.Further developments of U.S. export capacity are expected to provide a huge boost to tonne mile demand, with EIAexpecting the country to be the world’s third largest LNG exporter by 2020 behind Australia and Qatar and surpassingMalaysia.In the first 9 months of 2019, based on Refinitiv vessel tracking data, global LNG seaborne exports increased by 11.2%y-o-y to 260.3 mln tonnes.In this period, LNG exports from Australia increased by 13.4% y-o-y to 56.2 mln tonnes, just short of Qatar’s 56.9 mlntonnes. Australia now accounts for 21.6% of global LNG supply, almost matching the 21.9% share of Qatar.LNG exports from the USA increased by 54.9% y-o-y in Q1-Q3 2019 to 24.2 mln tonnes. The USA now account for 9.3%of global LNG supply.In the first 9 months of 2019, LNG imports to China increased by 18.9% y-o-y to 43.0 mln tonnes. Imports to Indiaincreased by only 0.9% y-o-y in the same period, to 16.4 mln tonnesEurope saw a significant increase in imports this year - Spain imported 12.6 mln tonnes in Q1-Q3 2019, up 57.3% y-o-y.Japan and South Korea, on the other hand, saw declines of -7.5% and -8.0% respectively so far this year.
Global LNG Trade in 2019
NEWS LNG Shipping News17 October 2019 3Pakistan cancels large LNG tender State-owned Pakistan LNG was said to have cancelled a tender to buy LNG over a 10-year period.
Sourcers told Reuters that the company may
turn to the spot market for its imports.
Pakistan LNG issued the tender in early
June to import 240 LNG cargoes of 140,000
cu m each for delivery over 10 years for
the country’s second LNG terminal.
However, a decision was taken to cancel the tender,
due to inadequate demand, one of the sources said.
Pakistan is expected to be a significant
growth driver in global LNG demand, as the
government recently approved five consortia
to proceed with LNG terminal plans.
Pakistan LNG’s cancelled tender was being
keenly watched by the industry, Reuters said,
as it was expected to publish the lowest prices
offered by bidders, which would provide an insight
into an opaque LNG market characterised by
closed bilateral trades, private long-term supply
agreements and an over-the-counter spot market.
Italy’s Eni, China’s PetroChina, Azeri state oil
company SOCAR and commodities trader Trafigura had
forwarded offers for the tender, sources told Reuters. n
GTT receives another two orders At the end of September, GTT received two orders from Samsung Heavy Industries (SHI) and Hyundai Samho Heavy Industries (HSHI) for the tank design of two LNGCs.
Each vessel will have a capacity of 174,000 cu m. GTT will design their tanks, which will be fitted with the Mark III Flex membrane containment system.
The SHI LNGC will be built for NYK and will be delivered during the third quarter of 2021.
The HSHI LNGC will be built for an undisclosed Asian shipowner. The vessel’s delivery is scheduled for the end of the fourth quarter of 2021.
DSME wins two LNGC contracts South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) said in a stock exchange filing that it had received a contract to build two LNGCs for unidentified US interests.
According to the filing, the order is worth KRW446.5 bill ($376.8 mill).
Brokers have reported that BW Gas is behind the order and that they are options declared.
Scheduled to be delivered by September, 2022, each LNGC will have a capacity of 174,000 cu m.
DSME said that the vessels would feature MAN B&W ME-GI dual-fuel, 2-stroke, gas-injection engines and in-house full re-liquefaction systems (FRS).
Owners band together to win huge LNGC contractsSouth Korean owners are co-operating in a bid to win a large tranche of LNGC orders set to be placed by Qatar Petroleum.
Five companies — said to be
Korea Line, Pan Ocean, SK
Shipping, Hyundai LNG Shipping
and H-Line Shipping — were due
to give a joint presentation in
Doha earlier this week to outline
their plans for Qatar’s LNG
project, according to Yonhap,
quoting South Korean sources.
Qatar Petroleum is expected to
place at least 40 LNGC orders by
the end of this year for its North
Field Expansion (NFE) project.
This expansion project will
lead the way to increasing
Qatar’s LNG production capacity
from 77 mill tonnes to 110 mill
tonnes per annum from 2024.
It was speculated a few months
ago that Qatar Petroleum will
need another 60 LNGCs in the long
term for the expansion plans.
While South Korea’s major
shipbuilders are thought to be
favourites to win the newbuilding
orders, due to their dominant
presence in the LNGC market,
local shipowners were also hoping
to secure contracts to operate the
vessels. n
US to contribute 73% of LNG liquefaction growth The US is forecast to contribute around 73% of global newbuild LNG liquefaction capacity growth by 2023.
This figure is taken from planned and announced
projects between 2019 and 2023, according to
data and analytics company, GlobalData.
A report ‘H2 2019 Global Capacity and Capital
Expenditure Outlook for LNG Liquefaction
Terminals – North American Companies Dominate
Global Liquefaction Capacity Additions’
revealed that the US is expected to account for
a new LNG liquefaction capacity of 156.9 mill
tonnes per annum from projects by 2023.
Of this, 79 mill tonnes of capacity will
come from planned projects, while the rest
will be from already announced projects.
Adithya Rekha, GlobalData Oil & Gas Analyst,
commented: “The US is expected to add
capacity of 156.9 mill tonnes per annum from 17
newbuild LNG liquefaction terminals by 2023.
“Of these, the Rio Grande terminal will have the
highest capacity of 17.6 mill tonnes The terminal is
expected to start operations in 2023,” he said. n
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NEWS LNG Shipping News17 October 2019 5
Record Panama LNGC transitsThe Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 mill Panama Canal tons (PC/UMS), a 6.2% increase com-pared to FY18.
The waterway also exceeds the 450.7 mill PC/UMS tons projection for FY19, as well as the record tonnage of 442 mill PC/UMS tons registered in the previous fiscal year.
During FY19, transits for the LNG and LPG segments rose by 37.6 and 6.9%, respectively, representing the largest gain across all segments.
In terms of tonnage, LNGCs accounted for 43 mill PC/UMS tons.
Cheniere takes LNGC for period businessBrokers have reported that Cheniere has chartered the 160,000 cu m LNGC ‘Yari LNG’ for 12 months at $69,900 per day.
PETRONAS conducts third LNG STS transfer PETRONAS LNG recently completed its third LNG deliv-ery via a ship-to-ship (STS) transfer.
It took place in Brunei Bay, Sabah, Malaysia.
The delivering vessel, ‘Seri Bijaksana’, transferred 80,000 cu m of LNG to ‘Polar Spirit’ and 62,000 cu m to ‘Lerici’.
The two ships then delivered the two cargoes to Chinese receiving terminals.
The 1993-built ‘Polar Spirit’ is operated by Teekay LNG Partners and the 1998-built ‘Lerici’ by MISC, according to VesselsValue.
PETRONAS completed its first LNG STS operation in June, 2018, and the second in April, this year.
Santos buys ConocoPhillips’ northern Australia interestsAustralian-based independent oil and gas producer Santos has agreed to acquire ConocoPhillips’ northern Australia business for $1.39 bill.
This will give Santos operating
interests in Darwin LNG, Bayu-
Undan, Barossa and Poseidon.
A further contingent payment
of $75 mill is subject to FID
being taken on Barossa.
The company said it was targeting
pre-tax synergies of $50-75 mill
per annum (excluding integration
and other one-off costs) driven by
Santos operational efficiency.
Barossa partner SK E&S was
said to be highly supportive of the
deal and has signed a Letter of
Intent to acquire a 25% interest
in Bayu-Undan and Darwin LNG.
Advanced talksSantos also said it was in
discussions with existing Darwin
LNG joint-venture partners
to take equity in Barossa and
in advanced discussions with
LNG buyers for Barossa offtake
volumes, including with an
existing partner in Darwin LNG.
Santos Managing Director
and CEO, Kevin Gallagher, said;
“Santos was a founding partner
with ConocoPhillips in Darwin
LNG, which has been operating
since 2006. The acquisition of
these assets fully aligns with
Santos’ growth strategy to build
on existing infrastructure positions
while advancing our aim to be a
leading regional LNG supplier.
“This acquisition delivers
operatorship and control of
strategic LNG infrastructure at
Darwin, with approvals in place
supporting expansion to 10 mill
tonnes per annum, and the low
cost, long life Barossa gas project.
“Santos intends to manage
gearing within our stated operating
range and is targeting to sell-
down equity in Darwin LNG and
Barossa to 40-50% in order to
create alignment between joint
venture participants as well as
by optimising equity levels in
our Western Australia assets.
“We are also in discussions with
existing Darwin LNG joint-venture
partners to sell equity in Barossa
and further equity in Darwin LNG
and also with LNG buyers for
offtake volumes. Santos will target
the contracting of around 60-80%
of LNG volumes for 10+ years
prior to taking FID on Barossa,
which is expected by early 2020.
“As we have demonstrated
following the acquisition and
integration of Quadrant Energy into
our offshore business, Santos’ low-
cost operating model is creating
opportunities for disciplined
growth across Australia,” he said.
ConocoPhillips is the majority
owner and operator of the
Darwin LNG facility, which has a
capacity of 3.7 mill tonnes per
annum of LNG and significant
expansion potential.
Barossa is to be developed using
subsea wells tied back to an FPSO
for gas processing and condensate
export. A 260 km gas export
pipeline will transport gas to the
existing Bayu-Undan pipeline for
onwards transport to Darwin LNG.
The new development is
expected to extend the operating
life of Darwin LNG by more than
20 years. Life extension capex
at Darwin LNG of around $600
mill (2019 real) is expected to be
incurred between Bayu-Undan end
of field life and the commencement
of production at Barossa.
Credit Suisse (Australia) Limited
and JB North & Co are acting as
financial advisers to Santos and
Allens is acting as legal adviser to
Santos. n
Santos has taken control of Darwin LNG
NEWS LNG Shipping News 17 October 20196Melkøya reaches milestoneEquinor has shipped the 1,000th gas cargo from its Hammerfest LNG plant in Norway.
This milestone was a 140,500 cu
m cargo shipped on the ‘Arctic
Discoverer’ bound for Spain.
Total sales value of all the LNG
cargoes since the Snøhvit field came
on stream in 2007 is in the range of
NOK130-150 bill ($16 billion). LPG
and condensate from the Snøhvit
field have also created considerable
value, Equinor claimed.
Snøhvit was the first major
development on the Norwegian
continental shelf to have no surface
installations. The production
facilities are located on the
seabed, at depths of 250-345 m.
Gas from the field is conveyed by
a 160 km pipeline to the facility
on the island of Melkøya.
Equinor was the operator during
the development phase and now
has operational responsibility
for the facility. At the onshore
facility, condensate, water and
CO2 are separated from the well
stream before the natural gas
is cooled down to a liquid form
and stored in specialised tanks.
An LNGC is loaded every five
days, and LPG and condensate
cargoes are loaded around every
third week. The cargoes are
shipped to worldwide markets.
“LNG is increasingly balancing
regional gas markets and helps
set the global gas prices. The
recent development makes Europe
a natural market for LNG from
Melkøya. In addition, we have
delivered some cargoes to other
markets in the Atlantic Basin, such
as Brazil,” said Equinor’s manager
of LNG trading, Anders Bjordal.
Equinor has four LNGCs at its
disposal, which can reach most of
the market in the Atlantic Basin in
20 days, and Asian markets via the
Suez Canal in 25-35 days. n
Total to promote Indian LNG with Adani India’s LNG imports appear to be at the crossroads. The latest initiatives involve Total and Adani plus the opening of Mundra.
Total has signed an agreement
with the Adani Group to jointly
develop multi energy services
for the Indian energy market.
This co-operative
agreement includes LNG.
Adani is an Indian private
conglomerate active in 50
countries, specialising in
commodities trading, port
infrastructures and logistics,
as well as energy production
and distribution.
As for LNG, Total is the world’s
second largest LNG private
player, and Adani, the largest
infrastructure conglomerate
in India, will serve the fast
growing Indian gas demand.
The companies will jointly
develop various regasification
LNG terminals, including Dhamra
LNG, on the Indian East coast.
“India’s energy consumption
will grow among the fastest
of all major economies in the
world over the next decade.
The partnership between Total
and the private Adani Group
illustrates our joint commitment
to assisting India to diversify
its energy mix and to ensure a
supply of reliable, affordable and
clean energy to consumers.
“We are thrilled to build this
broad partnership with the Adani
Group, benefiting from its in-depth
knowledge of the Indian energy
market, as well as its access to
infrastructures through a significant
footprint in several of the country’s
key ports,” said Patrick Pouyanné,
Total Chairman and CEO.
Adani Group Chairman, Gautam
Adani, added, “I am delighted
to partner with Total, one of
the biggest energy companies
in the world. The collaboration
enables us to associate with
Total’s century-old legacy, global
presence, scale and unparalleled
go-to-market expertise.
“The global synergy between the
two groups presents widespread
benefits and long-term value for
the economy and the people of
India. We are looking forward to
this opportunity to touch millions
of lives by leveraging our collective
footprints and domain expertise in
the energy sector. It also enables
the Adani Group to be part of
the country’s vision in adopting
cleaner energy,” he concluded.
Mundra delayMeanwhile, more than a year
since its inauguration, Gujarat
government-backed LNG project
at Mundra may finally come
on stream by December.
According to Indian media,
a commercial dispute between
the partners Gujarat State
Petroleum Corp (GSPC) and
Adani Group had stalled the
commissioning of the 5 mill tonnes
a year LNG import facility.
The terminal was completed
in mid-2018 and was
inaugurated by Indian Prime
Minister Narendra Modi.
However, the commissioning
was suspended, due to delays in
the finalisation of certain lease
and sub-commission agreements
between the promoters and
the Gujarat government.
A commissioning LNG cargo from
the US arrived last November, but
it was diverted to Hazira after
it was not allowed to discharge
at Mundra, sources said.
GSPC and other state sector
entities hold 50% equity in GSPC
LNG - the company that built the
terminal, Adani holds 25%, while
the balance was earmarked for
strategic investors/fuel suppliers/
financial institutions/public.
The Mundra terminal, whose
capacity will be expanded to 10
mill tonnes per annum in the
future, can receive LNGCs from
75,000 cu m to 260,000 cu m.
In addition, there are two LNG
storage tanks of 160,000 cu m
each, facilities for regasification
and gas evacuation.
Gujarat already has a 17.5 mill
tonnes per year import facility
operated by Petronet LNG at
Dahej and another 5 mill tonne
capacity terminal at Hazira run by
Shell. n
Equinor has shipped the 1,000th cargo from Melkøya
Patrick Pouyanné, Total Chairman and CEO
Each of the LNGCs will serve
ExxonMobil’s worldwide
LNG portfolio under a 15-
year charter contract.
Prior to this, the same MISC
subsidiaries, signed a contract
with Samsung Heavy Industries
to build the LNGCs.
The vessels will each have a
capacity of 174,000 cu m and will
feature X-DF propulsion, Mark III
Flex Plus containment systems
and full re-liquefaction facilities
for higher efficiencies and to
meet the demand for worldwide
trading and long-haul voyages.
They are due for delivery in
the first quarter of 2023.
MISC’s President/Group CEO, Yee
Yang Chien, said “This is certainly a
landmark moment for MISC, and we
are proud to expand this strategic
partnership with ExxonMobil through
SeaRiver in providing best-in-class
shipping solutions, beginning
with Petroleum and now LNG.
“With our broad spectrum of
energy related maritime solutions
and services, MISC is confident of
our ability to serve the various
needs of the global oil and gas
industry. Ultimately this partnership
is a testament to our capabilities
of fulfilling the world’s growing
demands for this energy source.”
“Our co-operation with MISC is
an integral part of ExxonMobil’s
commitment to provide flexible
solutions in the open and dynamic
LNG marketplace,” said Alex
Volkov, Vice President of Global
LNG Marketing at ExxonMobil. “The
addition of these two vessels will
help us build a competitive LNG
value chain as ExxonMobil continues
to grow its global gas portfolio and
expand supply positions to meet
evolving needs of our customers.” n
These talks were as a result of
the uncertainty surrounding the
impact of US sanctions on the
Chinese COSCO LNGCs it operates,
a Novatek official reportedly said.
The US imposed sanctions on
25th September on China’s state-
owned COSCO’s subsidiaries, COSCO
Shipping Tanker (Dalian) Co and
COSCO Shipping Tanker (Dalian)
Seaman & Ship Management, for
allegedly shipping Iranian crude.
US-listed shipowner Teekay LNG
said that as a result, its shipping
joint venture in Russia, Yamal
LNG, had been ‘blocked’ by the
US Treasury because its partner
China LNG Shipping (Holding) is
50% owned by COSCO Dalian.
Yamal LNG owns four
operational and two newbuilding
Arc7 LNGCs capable of
navigating through Arctic ice.
“We have nothing to do with
the sanctions, but we don’t know
if the sanctions may affect the
ships owned by the (Yamal LNG
shipping) joint venture,” Novatek
CFO, Mark Gyetvay, told Reuters
on the sidelines of a conference.
“We have responsibilities before
our customers to deliver LNG so
we need to protect ourselves.”
Gyetvay said the talks were
ongoing and said that the
decision on the transhipment
hub will be made “soon.”
Novatek had a contract with
Norwegian shipping company
Tschudi to tranship Yamal cargoes
in Norway’s Honningsvag, which
operated between November,
2018 and June, 2019.
Having a transhipment point in
Norway would help the company
reduce the time Ice Class vessels
sail from Yamal LNG (Sabetta) to
where the cargo can be transferred
to a conventional LNGC.
Novatek may also use Russia’s
Arctic port of Murmansk for LNG
transhipment, Gyetvay said,
adding that using Murmansk for
transhipments would be a precursor
for a fully-equipped transhipment
terminal that is being developed
together with a similar facility
on the Kamchatka peninsula.
Gyetvay also commented to
Reuters that while long-term
contracts for Yamal Train 1 and
2 have started, volumes from
Train 3, launched last November,
are still being largely sold on a
spot basis a situation that will
remain until about April.
Train 4 is expected to start
producing LNG in the first
quarter of 2020. he said.
According to reports from
Russia, in late September the
federal government approved
the establishment of three new
reloading points located in a
bay south of the Kildin island
in the Murmansk Oblast.
This facility will be able to
handle two laden LNGCs from
Yamal simultaneously.
Rosmorport reportedly said
that two of the moorings will
handle LNGCs, while the third
will handle a service ship.
Each of the mooring areas will
include eight buoys attached
to the sea bottom by steel
and concrete anchors.
NEWS LNG Shipping News17 October 2019 7
First Gen plans FSRU It has been reported that First Gen is considering leas-ing an FSRU to regas LNG imports, which can yield sav-ings on feed gas costs.
The power supplier has fixed gas supply contracts with the consortium behind the sole producing gas field in the Philippines.
Delta LNG port proposal The US Maritime Administra-tion (MARAD) has issued a notice stating that a public meeting concerning the proposed West Delta LNG deepwater port (DWP) license application will be held in Belle Chasse, Louisiana on 29th October.
Written comments must be submitted by 6th November.
OLT launches consultation process It is now possible to consult OLT Offshore LNG Toscana’s website (www.oltoffshore.it) on the proposal to amend the Regasification Code, previ-ously approved by ARERA.
The modifications include the clarifications pub-lished during the Gas Year 2018/2019 on OLT’s website and also the greater flexibil-ity for terminal users’ related to the allocation of capacity procedures.
Comments on the Regasifi-cation Code must be sent by 19th November, 2019.
ExxonMobil charters two LNGC newbuildings
Novatek in LNG transhipments talks
Wholly-owned subsidiaries of MISC Berhad (MISC), have secured agreements with ExxonMobil Corp’s subsidiary, SeaRiver Maritime to timecharter two LNGCs.
Novatek was believed to be in talks to tranship its Yamal cargoes in Norway or at Murmansk.
The federal port authority will be
responsible for LNGC escorts. It was
also believed that a number of the
gas ships will use nearby Kola Bay.
The lion’s share of Yamal’s 15
new Arc7s will use the reloading
facility in Kildin to transfer cargo
to conventional LNGCs for onward
shipment. n
NEWS LNG Shipping News 17 October 20198
Elba Island starts to export LNGCommercial services have started on the first of 10 liquefaction units of the Elba Liquefaction Co (ELC), a joint venture between Kinder Morgan and EIG Global Energy Partners (EIG).
Previously an LNG import terminal,
Elba Island’s facility is now also
able to produce LNG for export.
With the first unit in service, the
company is now earning about
70% of the expected total daily
revenue of the liquefaction units.
“This is a great milestone that
was achieved with an exemplary
safety record,” said Kinder
Morgan Natural Gas South Region
President, Norman Holmes. “It
is also an important step for
the US as the country becomes
a key energy exporter.”
Progress is also being
made on the remaining nine
units. Startup activities are
underway on the second and
third units, the commissioning
of units four through six is
ongoing, and construction on
the remaining units is largely
complete, Kinder Morgan said.
Once in full development, Elba
Island is expected to have a total
capacity of around 2.5 mill tonnes
per year of LNG for export.
The project is supported by
a 20-year contract with Shell,
which will take the whole of
its liquefaction capacity.
Shell’s chartered LNGC
‘Gemmata’ has been anchored
off the coast of the US state of
Georgia since 12th October in
ballast, indicating that it is likely
to pick up the first cargo from Elba,
cFlow, S&P Global Platts trade flow
software, showed on Monday.
A Kinder Morgan spokeswoman
told Platts on Monday that
‘Gemmata’ was berthed at Elba.
In another move, on 16th Oct,
the US Department of Energy
(DOE) approved Venture Global
Plaquemines LNG proposal to
export domestically produced
LNG from the project.
“The increase in LNG
infrastructure projects in the US
has been astounding to watch,”
said US Secretary of Energy, Rick
Perry. “Projects like Venture
Global’s Plaquemines create
well-paid, American jobs and have
changed the game in sharing the
benefits of US LNG with our allies
around the world. I am glad the
Department is doing our part to
empower the Plaquemines project
and other energy infrastructure
to progress quickly.”
Plaquemines LNG now has
permission to export up to
3.4 bill cu ft per day of LNG
from the proposed terminal
on the Mississippi River.
The US Federal Energy Regulatory
Commission (FERC) authorised
its siting, construction, and
operation in September. n
Elba has come a step closer Source: Fearnleys (16/10/19)
LNG weekly rate assessmentsSpot Market (155,000-165,000 cu m)
($ per day) Weekly change
East of Suez $130,800 (no change)
West of Suez $120,000 -$10,000
12 months t/c $83,000 (no change)
Nakilat takes over four Q-Flex’s Nakilat has acquired the full ownership of four Q-Flex LNGCs from its joint-venture partner, International Seaways (INSW).
This follows the execution of a
sale and purchase agreement for
the acquisition of the remaining
49.9% ownership interest in
these vessels from INSW.
It raises the number of vessels
wholly-owned by Nakilat from 25
to 29 LNGCs, out of its overall
fleet of 74 LNG and liquefied
petroleum gas (LPG) carriers,
operated by the Qatari company.
With a cargo carrying capacity
of 217,000 cu m each, the four
LNGCs have been operated and
managed in-house by Nakilat’s
ship management arm, Nakilat
Shipping Qatar Limited (NSQL),
since 2014, in addition to the
other 10 LNG and 4 LPG carriers
under NSQL management.
Nakilat CEO, Eng Abdullah
Al Sulaiti, said: “The 100%
ownership acquisition of these
four vessels comes as part of
Nakilat’s long-term strategy
to capitalise on such strategic
investment opportunities.
“These vessels are chartered
to our long-standing partner
Qatargas, the world’s largest
exporter of clean energy.
Owning the vessels that we
manage allows Nakilat to
consolidate its fleet, provides
greater operational flexibility
and optimisation of resources,
leading to the realisation of cost
savings with minimal risks and
strengthens our customer focus.
“In addition, this transaction
affirms the strong financial
standing of the company and our
commitment to maximise value
for our shareholders, in alignment
with our vision to be a global
leader and provider of choice
for energy transportation and
maritime services,” he said. n
Name Segment Yard Containment Capacity Propulsion Delivery Ordered Primary System Date Owner
DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unitData last updated = 6th August 2019
WORLD LNG CARRIER ORDERBOOK
Name Delivery Capacity Propulsion Containment Primary Owner Yard Ordered
Energy Universe 01/08/2019 165000 TFDE SPB MOL Japan Marine United 01/02/2014
Georgiy Ushakov 11/09/2019 172000 TFDE - Azipod GT NO 96 Teekay LNG DSME 01/07/2014
Nikolay Urvantsev 15/07/2019 172410 TFDE - Azipod GT NO 96 MOL DSME 01/07/2014
Yakov Gakkel 25/10/2019 172000 TFDE - Azipod GT NO 96 Teekay LNG DSME 01/07/2014
Marvel Pelican 15/12/2019 155000 TFDE Moss MOL Kawasaki 01/09/2014
Marvel Heron 20/09/2019 177000 STaGE Moss MOL Mitsubishi H.I. 01/01/2015
Marvel Swan 15/10/2021 178000 MEGI K-Line Imabari 15/05/2015
BW Pavilion Aranda 10/09/2019 173400 MEGI GT NO 96 BWGas DSME 01/09/2015
Daewoo 2466 15/10/2019 173400 MEGI GT NO 96 Maran Gas Maritime DSME 01/06/2016
Daewoo 2467 15/10/2019 173400 MEGI GT NO 96 Maran Gas Maritime DSME 01/06/2016
Gaslog Windsor 15/04/2020 180000 XDF GTT Mark III Flex GasLog Samsung 01/09/2016
Daewoo 2469 01/04/2020 173400 MEGI GT NO 96 Maran Gas Maritime DSME 16/12/2016
Rias Baixas Knutsen 15/07/2019 180000 MEGI GTT Mark III Flex Knutsen Hyundai 01/03/2017
Flex Courageous 15/08/2019 173400 MEGI GT NO 96 Flex LNG DSME 02/03/2017
MOL Hudong-Zhonghua 1/4 15/12/2019 174000 MEGI GT NO 96 MOL Hudong-Zhonghua 01/07/2017
MOL Hudong-Zhonghua 2/4 01/03/2020 174000 MEGI GT NO 96 MOL Hudong-Zhonghua 01/07/2017
MOL Hudong-Zhonghua 3/4 15/07/2020 174000 MEGI GT NO 96 MOL Hudong-Zhonghua 01/07/2017
MOL Hudong-Zhonghua 4/4 01/10/2020 174000 MEGI GT NO 96 MOL Hudong-Zhonghua 01/07/2017
Gaslog Warsaw 15/07/2019 180000 XDF GTT Mark III Flex GasLog Samsung 01/12/2017
Daewoo 2478 15/05/2020 173400 MEGI GT NO 96 Maran Gas Maritime DSME 06/12/2017
Elisa Larus 30/03/2020 174000 XDF GTT Mark III Flex NYK Hyundai 01/01/2018
SHI #1 15/07/2020 174000 XDF GTT Mark III Flex Cardiff Marine Samsung 01/01/2018
SHI #17 15/10/2020 174000 XDF GTT Mark III Flex Cardiff Marine Samsung 01/01/2018
HHI / Total 15/01/2020 174000 XDF GTT Mark III Flex Cardiff Marine Hyundai 04/01/2018
HHI / Total / Sovc 28/02/2020 174000 XDF GTT Mark III Flex Sovcomflot Hyundai 04/01/2018
BW Magnolia 15/12/2019 173400 MEGI GT NO 96 BWGas DSME 01/02/2018
BW Pavilion Aramhera 15/06/2020 173400 MEGI GT NO 96 BWGas DSME 01/02/2018
HHI / Cardiff #1 15/02/2020 174000 XDF GTT Mark III Flex Cardiff Marine Hyundai 01/02/2018
HHI / Cardiff #2 15/04/2020 174000 XDF GTT Mark III Flex Cardiff Marine Hyundai 01/02/2018
Flex Reliance 15/07/2020 173400 MEGI GT NO 96 Flex LNG DSME 28/02/2018
Flex Resolute 15/08/2020 173400 MEGI GT NO 96 Flex LNG DSME 28/02/2018
Flex Amber 15/07/2020 174000 XDF GTT Mark III Flex Flex LNG Hyundai 01/03/2018
Flex Aurora 15/05/2020 174000 XDF GTT Mark III Flex Flex LNG Hyundai 01/03/2018
SHI Gaslog #1 15/04/2020 180000 XDF GTT Mark III Flex GasLog Samsung 01/03/2018
Samsung 2271 15/04/2020 174000 XDF GTT Mark III Flex Cardiff Marine Samsung 09/03/2018
DSME Minerva #1 15/01/2021 173400 MEGI GT NO 96 Minerva Marine DSME 15/03/2018
DSME Minerva #2 15/04/2021 173400 MEGI GT NO 96 Minerva Marine DSME 15/03/2018
Traiano Knutsen 15/06/2020 180000 MEGI GTT Mark III Flex Knutsen Hyundai 23/03/2018
DSME 2483 15/08/2020 173400 MEGI GT NO 96 Alpha Gas DSME 28/03/2018
DSME 2484 01/12/2020 173400 MEGI GT NO 96 Alpha Gas DSME 28/03/2018
SHI Gaslog #2 15/07/2020 180000 XDF GTT Mark III Flex GasLog Samsung 30/05/2018
DSME 2487 15/01/2021 173400 MEGI GT NO 96 Maran Gas Maritime DSME 05/06/2018
Maran Gas DSME 15/09/2020 173400 MEGI GT NO 96 Maran Gas Maritime DSME 05/06/2018
DSME 2485 15/04/2021 173400 MEGI GT NO 96 Alpha Gas DSME 07/06/2018
3 October 2019 LNG Shipping News NEWS l 9NEWS LNG Shipping News17 October 2019 9
DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unitData last updated = Data last updated = 6th August 2019
Cool Discoverer 15/08/2020 174000 XDF GTT Mark III Flex Thenamaris Hyundai 19/06/2018
Flex Vigilant 15/03/2021 174000 XDF GTT Mark III Flex Flex LNG Hyundai 30/06/2018
Flex Volunteer 15/11/2020 174000 XDF GTT Mark III Flex Flex LNG Hyundai 30/06/2018
Aristarchos 15/03/2021 174000 XDF GTT Mark III Flex Capital Gas Hyundai 01/07/2018
Aristidis I 15/11/2020 174000 XDF GTT Mark III Flex Capital Gas Hyundai 01/07/2018
Aristos I 15/10/2020 174000 XDF GTT Mark III Flex Capital Gas Hyundai 01/07/2018
Attalos 15/06/2021 174000 XDF GTT Mark III Flex Capital Gas Hyundai 01/07/2018
Flex Freedom 15/10/2020 173400 MEGI GT NO 96 Flex LNG DSME 05/07/2018
Celcius #1 15/10/2020 180000 XDF GTT Mark III Flex Celcius Shipping Samsung 01/08/2018
Celcius #2 15/12/2020 180000 XDF GTT Mark III Flex Celcius Shipping Samsung 01/08/2018
HHI 3037 15/09/2020 174000 XDF GTT Mark III Flex Cardiff Marine Hyundai 15/08/2018
SHI 2300 15/10/2020 174000 XDF GTT Mark III Flex GasLog Samsung 15/08/2018
SHI 2301 15/12/2020 174000 XDF GTT Mark III Flex GasLog Samsung 15/08/2018
HHI 3038 15/11/2020 174000 XDF GTT Mark III Flex Cardiff Marine Hyundai 15/09/2018
Cool Racer 15/01/2021 174000 XDF GTT Mark III Flex Thenamaris Hyundai 27/09/2018
SHI NYK 15/04/2021 174000 XDF GTT Mark III Flex NYK Samsung 28/09/2018
SHI Minerva #1 15/01/2021 174000 XDF GTT Mark III Flex Minerva Marine Samsung 15/10/2018
HHI 3039 15/03/2021 174000 XDF GTT Mark III Flex Cardiff Marine Hyundai 15/11/2018
HHI 3112 15/01/2021 174000 XDF GTT Mark III Flex Cardiff Marine Hyundai 15/11/2018
HHI Latsco #1 15/02/2021 174000 XDF GTT Mark III Flex Latsco Shipping Hyundai 25/11/2018
HHI Latsco #2 15/08/2021 174000 XDF GTT Mark III Flex Latsco Shipping Hyundai 25/11/2018
SHI 2306 15/09/2021 174000 XDF GTT Mark III Flex NYK Samsung 03/12/2018
SHI 2307 15/11/2021 174000 XDF GTT Mark III Flex NYK Samsung 03/12/2018
DSME 2496 15/02/2021 174000 MEGI GT NO 96 BWGas DSME 05/12/2018
DSME 2497 15/06/2021 174000 MEGI GT NO 96 BWGas DSME 05/12/2018
DSME 2495 15/05/2021 173400 MEGI GT NO 96 Nakilat DSME 10/12/2018
HHI NYK DG #1 15/09/2020 174000 XDF GTT Mark III Flex NYK Hyundai 11/12/2018
HHI NYK DG #2 15/05/2021 174000 XDF GTT Mark III Flex NYK Hyundai 11/12/2018
HHI NYK DG #3 15/06/2021 174000 XDF GTT Mark III Flex NYK Hyundai 11/12/2018
DSME Dec #1 15/12/2020 180000 MEGI GT NO 96 MOL DSME 15/12/2018
DSME Dec #2 15/02/2021 180000 MEGI GT NO 96 MOL DSME 15/12/2018
SHI Navigare 15/03/2021 173400 XDF GTT Mark III Flex Navigare Samsung 15/12/2018
HHI Sovcom #1 30/08/2020 174000 XDF GTT Mark III Flex Sovcomflot Hyundai 19/12/2018
HHI Sovcom #2 15/12/2020 174000 XDF GTT Mark III Flex Sovcomflot Hyundai 19/12/2018
Alpha Gas 15/06/2021 174000 MEGI GT NO 96 Alpha Gas DSME 27/12/2018
SHI Gaslog CE #1 15/06/2021 180000 XDF GTT Mark III Flex GasLog Samsung 27/12/2018
SHI Gaslog CE #2 15/08/2021 180000 XDF GTT Mark III Flex GasLog Samsung 27/12/2018
SHI #18 15/03/2021 174000 XDF GTT Mark III Flex Cardiff Marine Samsung 31/12/2018
Celcius #3 15/02/2021 180000 XDF GTT Mark III Flex Celcius Shipping Samsung 15/01/2019
Celcius #4 15/04/2021 180000 XDF GTT Mark III Flex Celcius Shipping Samsung 15/01/2019
SHI Minerva #2 15/09/2021 174000 XDF GTT Mark III Flex Minerva Marine Samsung 15/01/2019
CSSC #1 15/09/2021 178000 XDF GT NO 96 CSSC Hudong-Zhonghua 30/01/2019
CSSC #2 15/02/2022 178000 XDF GT NO 96 CSSC Hudong-Zhonghua 30/01/2019
DSME Maran 15/05/2021 174000 MEGI GTT Mark III Flex Nakilat DSME 15/02/2019
Samsung Feb #1 15/03/2022 174000 XDF GTT Mark III Flex Samsung 15/02/2019
Name Delivery Capacity Propulsion Containment Primary Owner Yard Ordered
l NEWS LNG Shipping News 3 October 201910 NEWS LNG Shipping News 17 October 201910
DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unitData last updated = Data last updated = 6th August 2019
Samsung Feb #2 15/03/2022 174000 XDF GTT Mark III Flex Samsung 15/02/2019
Samsung Feb #3 15/03/2022 174000 XDF GTT Mark III Flex Samsung 15/02/2019
Capital Gas #5 15/07/2021 174000 XDF GTT Mark III Flex Capital Gas Hyundai 25/02/2019
DSME Maran #2 15/08/2021 173400 XDF GTT Mark III Flex Nakilat DSME 25/02/2019
DSME Maran #3 15/10/2021 173400 XDF GTT Mark III Flex Nakilat DSME 25/02/2019
SHI Mar19 15/03/2022 174000 XDF GTT Mark III Flex Nisshin Shipping Samsung 20/03/2019
DSME Maran 2504 15/01/2022 174000 MEGI GT NO 96 Maran Gas Maritime DSME 01/04/2019
H Samho NYK 15/03/2022 174000 XDF GTT Mark III Flex NYK Hyundai 01/04/2019
HHI Samho Edison 15/01/2022 174000 XDF GTT Mark III Flex NYK Hyundai 10/04/2019
Capital Gas #6 15/09/2021 174000 XDF GTT Mark III Flex Capital Gas Hyundai 15/04/2019
Samsung N/A 15/01/2022 174000 XDF GTT Mark III Flex Minerva Marine Samsung 01/05/2019
DSME May19 15/05/2022 174000 MEGI GT NO 96 Maran Gas Maritime DSME 14/05/2019
DSME MOL #3 15/07/2021 173400 MEGI GT NO 96 MOL DSME 15/05/2019
Hyundai European #1 15/03/2022 180000 XDF GTT Mark III Flex Dynagas Hyundai 22/05/2019
Hyundai European #2 15/06/2022 180000 XDF GTT Mark III Flex Dynagas Hyundai 22/05/2019
Samsung 2019 #10 15/06/2022 174000 XDF GTT Mark III Flex Morgan Stanley Samsung 08/06/2019
Samsung 2019 #9 15/01/2022 174000 XDF GTT Mark III Flex Morgan Stanley Samsung 08/06/2019
HHI SK E&S 15/09/2021 180000 XDF GTT Mark III Flex SK Shipping Hyundai 10/07/2019
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Name Delivery Capacity Propulsion Containment Primary Owner Yard Ordered
3 October 2019 LNG Shipping News NEWS l 11NEWS LNG Shipping News17 October 2019 11
WORLD SMALL SCALE LNG FLEET*
Built Name CBM Cargo Type Trading area Trading in LNG? Ship Owner / Operator
For more information please visit http://small-lng.com*Includes multi-gas, ethylene and LNG bunker ships with 40,000 cubic metres LNG cargo capacity or lessTBN = To Be Nominated indicates ships are still at construction/planning stage** = project shelved † =Data to be verified Data last updated = 3rd October 2019
1974 Seagas 187 LNG Sweden Yes AGA1988 Kayoh Maru 1,517 LNG Japan Yes Daiichi1993 Aman Bintulu 18,928 LNG Malaysia - Japan Yes Perbadanan/NYK1996 Surya Aki 19,475 LNG Indonesia - Japan Yes MCGC1997 Aman Sendai 18,928 LNG Malaysia - Japan Yes Perbadanan/NYK1998 Pelita Energy 18,800 LNG Malaysia - Japan Yes Perbadanan/NYK2000 Triputra 23,096 LNG Indonesia - Japan Yes MCGC2003 Pioneer Knutsen 1,100 LNG Norway Yes Knutsen2003 Shinju Maru No.1 2,540 LNG Japan Yes Shinwa2005 North Pioneer 2,500 LNG Japan Yes Japan Liquid Gas2007 Sun Arrows 19,531 LNG Malaysia - Russia - Japan Yes Mitsui2008 Kakurei Maru 2,536 LNG Japan Yes Hogaki Zosen2008 Shinju Maru No.2 2,540 LNG Japan Yes Shinwa2009 Coral Methane 7,551 LNG/LPG/Ethylene Northwest Europe/Baltics Yes, sometimes Anthony Veder2010 Coral Favia 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder2010 Coral Fraseri 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder2011 Akebono Maru 3,556 LNG Japan Yes Chuo Kaiun2011 Coral Furcata 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder2011 Coral Fungia 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder2011 Vision Spirit 12,000 LNG/LPG/Ethylene Worldwide No Teekay2011 Unikum Spirit 12,000 LNG/LPG/Ethylene Worldwide No Teekay2012 Coral Energy 15,600 LNG Northwest Europe/Baltics Yes Anthony Veder2013 JX Energy TBN 2,500 LNG Japan Yes JX Energy2013 Kakuyu Maru 2,500 LNG Japan Yes Tsurumi Sunmarine2013 Coral Anthelia 6,500 LNG/Ethylene Anthony Veder2014 LNG-Oil combi** 2,000 LNG Germany Yes Veka2014 Short Sea LNG Tanker ** 4,000 LNG Germany Yes Veka2015 LNG Inland bunker** 800 LNG Germany Yes Veka2015 LNG bunker barge 1† 2,250 LNG China Yes Anhui Huaqiang Natural Gas2015 LNG bunker barge 2† 2,250 LNG China Yes Anhui Huaqiang Natural Gas2015 LNG bunker barge 3† 2,250 LNG China Yes Anhui Huaqiang Natural Gas2015 LNG Barge TBN 3,000 LNG US Coast Yes LNG America2015 10 small carriers TBN** 5,000 LNG Bimantara Group2015 Jahre TBN** 6,200 LNG Norway Yes Donsotank/Jahre Marine2015 Norgas TBN** 17,000 LNG/LPG/Ethylene Worldwide Norgas Carriers2015 Norgas TBN** 17,000 LNG/LPG/Ethylene Worldwide Norgas Carriers2015 JS Ineos Ingenuity 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2015 JS Ineos Insight 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2015 JS Ineos Intrepid 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2015 TBN 1 27,500 LNG China? Danyang?2015 TBN 2 27,500 LNG China? Danyang?2015 TBN 3 27,500 LNG China? Danyang?2015 PetroChina TBN 30,000 LNG China PetroChina2016 Clean Jacksonville 2,200 LNG US Coast Yes CME2016 LNG Prime 2,250 LNG Northwest Europe Yes Veka Deen LNG2016 JS Ineos Indepence 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2016 JS Ineos Innvovation 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2016 JS Ineos Inspiration 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2016 Hai Yang Shi You 301 30,000 LNG Bali FSU Yes CETS (CNOOC)2016 Navigator Aurora 35,000 Ethane/Ethylene Markus Hood - Stenungsund Ethane, for Borealis Navigator2016 Gaschem Beluga 36,000 Ethane/Ethylene US - Teeside Ethane, for Sabic Gaschem Services2016 Gaschem Orca 36,000 Ethane/Ethylene US - Teeside Ethane, for Sabic Gaschem Services
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NEWS LNG Shipping News17 October 2019 13Built Name CBM Cargo Type Trading area Trading in LNG? Ship Owner / Operator
For more information please visit http://small-lng.com*Includes multi-gas, ethylene and LNG bunker ships with 40,000 cubic metres LNG cargo capacity or lessTBN = To Be Nominated indicates ships are still at construction/planning stage** = project shelved † =Data to be verified Data last updated = 3rd October 2019
2016 Ocean Yield TBN** 36,000 Ethane/Ethylene US - Teeside Ethane, for Sabic Gaschem Services2017 Oizmendi 600 LNG Bilbao Yes Itsas Gas2017 CME TBN† 2,200 LNG US Coast Yes CME2017 CME TBN† 2,200 LNG US Coast Yes CME2017 ENGIE Zeebrugge 5,000 LNG Northwest Europe Yes NYK2017 Coralius 5,800 LNG Northwest Europe/Baltics Yes, for Skangas Anthony Veder2017 Cardissa 6,500 LNG Northwest Europe Yes Shell2017 LNG-Gorskaya TBN 7,300 LNG Russia Yes LNG-Gorskaya2017 LNG-Gorskaya TBN 7,300 LNG Russia Yes LNG-Gorskaya2017 LNG-Gorskaya TBN 7,300 LNG Russia Yes LNG-Gorskaya2017 Coral EnergICE 18,000 LNG Northwest Europe/Baltics Yes Anthony Veder2017 JS Ineos Invention 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2017 JS Ineos Intuition 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2017 Coral Encanto 30,000 LNG China Yes Anthony Veder2017 Navigator Eclipse 35,000 Ethane/Ethylene US Ethane Navigator2017 Navigator Nova 35,000 Ethane/Ethylene US Ethane Navigator2017 Navigator Prominence 35,000 Ethane/Ethylene US Ethane Navigator2018 HUA XIANG 8 13,720 LNG China Yes Zhejiang Huaxiang2018 CME TBN† 2,200 LNG US Coast Yes CME2018 LNG London 3,000 LNG Northwest Europe Yes Shell2018 Shell Bunker Barge TBN 2 6,500 LNG Northwest Europe Yes Shell2018 Shell Bunker Barge TBN 3 6,500 LNG Northwest Europe Yes Shell2018 Kairos 7,500 LNG Baltic Yes Bernhard Schulte2018 Qi Yuan 28,000 LNG China Yes Dalian Inteh Group2018 Evergas TBN 32,000 Ethane/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2018 Evergas TBN 32,000 Ethane/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2018 Evergas TBN 32,000 Ethane/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2018 Evergas TBN 32,000 Ethane/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas2018 Bunker Breeze 0 LNG Barcelona Yes Suardiaz Energy Shipping2019 KLine TBN 7,500 LNG Korea Yes Korea Line2019 KLine TBN 7,500 LNG Korea Yes Korea Line2019 Stolt TBN 7,500 LNG Mediterranean Yes Stolt-Nielsen Gas2019 Stolt TBN 7,500 LNG Mediterranean Yes Stolt-Nielsen Gas2020 Q-LNG 4000 4,000 LNG US Coast Yes Q-LNG Transport/Harvey Gulf2020 Stolt TBN (option) ** 7,500 LNG Yes Stolt-Nielsen Gas2020 Stolt TBN (option) 7,500 LNG Yes Stolt-Nielsen Gas2020 Total TBN 18,600 LNG NWE Yes MOL2020 FuelLNG TBN 7,500 LNG Singapore Yes FuelLNG2020 CLS TBN 3,500 LNG Japan Yes CLS2020 Elenger TBN 6,000 LNG NWE Yes Elenger2020 ENN TBN 8,500 LNG China Yes ENN2021 Stolt TBN (option) 7,500 LNG Yes Stolt-Nielsen Gas2021 Knutsen TBN 30,000 LNG Mediterranean Yes Knutsen OAS2021 Gazprom Neft TBN 5,800 LNG Russia Yes Gazprom Neft2021 PE TBN 12,000 LNG Singapore Yes MOL2021 JMU TBN 2,500 LNG Japan Yes JMU2022 Stolt TBN 20,000 LNG Worldwide Yes Stolt-Nielsen Gas2022 Stolt TBN 20,000 LNG Worldwide Yes Stolt-Nielsen Gas2022 PNE TBN 5,400 LNG USG Yes PNE2024 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas2024 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas2026 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas2026 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas
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