Global LNG media summarized in LNG News Flash podcast on 02.09.2019

Good morning and welcome to the LNG Marketplace
Weekly News Flash. Here is the latest news we have selected for
you from all over the media. The top news for today we found on
one of the world’s biggest floating cranes, the Panamanian Semi Submersible Crane Vessel
– SSCV – called “Sleipnir”, got the first ever LNG bunker supply in British Gibraltar
Territorial Waters. The vessel took on a total of almost 3200
metric tonnes of LNG in its eight bunker tanks. According to Titan LNG, it is the largest
LNG bunker supply in Europe to date. The crane vessel has an overall length of
220m, a breadth of 102m with a total gross tonnage of approximately 180,000 tons. The vessel houses 155 crew members and 102
passengers. Barcelona in Spain is set for more LNG imports
next month than originally scheduled and October deliveries are also expected to rise on the
year, according to data from gas grid operator ENAGAS. The updated September schedule showed the
intake up 6%, the highest monthly volume since January 2010. LNG shippers have also nominated 23 deliveries
into Spain for October – the volume is the largest October delivery since 2010, and follows
on from strong LNG imports that reached multi-year highs through the summer months. More you can read on S&P Global Platts. Høglund has been awarded contract to deliver
cargo handling system for a Bergen Tankers retrofit, serving local cruise industry in
Norway. As part of a long-term charter with Shell
Gasnor, the vessel will be the first LNG bunkering vessel to operate in Norway, and will be retrofitted
from an existing fuel oil bunkering vessel, previously known as OsloTank. This piece of news we found on
Qatar, the world’s leading exporter of LNG, is on the verge of losing its crown to Australia,
with the U.S. catching up on both, according to latest market assessments. Despite LNG spot prices being in decline since
4TH quarter 2018 in lucrative Asian markets, a string of Australian projects coming onstream
continue to add to headline volumes. These include Prelude, Shell’s floating LNG
facility in Western Australia, which shipped its first LNG cargo to customers in Asia in
June, alongside Wheatstone and Ichthys. According to the Kallanish Energy, the Export–Import
Bank of the United States called Exim, the official export credit agency of the U.S.
federal government, proposed last week a $5 billion loan to support the U.S. exports,
related to the Mozambique LNG project. The venture, led by U.S. oil and gas independent
Anadarko Petroleum, envisages the production of liquefied natural gas from offshore Area
1, connected to two onshore LNG trains totalling 12.88 million tons per annum. Let’s stay in the same area. Mitsui O.S.K. Lines, Ltd. and Karadeniz Holding A.S. have
announced that MOL and Karpowership have agreed to jointly carry out the first LNG-to-Powership
project under the co-brand “KARMOL” in Nacala in Mozambique and for this purpose
jointly own and operate a FSRU and a Powership. This piece of news we found on Hellenic Shipping
News. Ukraine is interested in buying the U.S. LNG
via infrastructure in Poland as it seeks to reduce reliance on Russian gas. Representatives of the United States, Poland
and Ukraine met last Saturday in Warsaw to agree on enhancing the security of gas supplies
in the region, which still relies mostly on Russian supplies. More you can read on Finance Yahoo. And another piece of news we found on the
same page: India’s Essar Group has cancelled a tender in which it sought to buy 12 LNG
cargoes for delivery during 2020. The company was likely testing the market,
rather than intending to make a purchase. Sovcomflot’s LNG-fuelled Aframax crude oil
tanker Korolev Prospect has started a transit through the Northern Sea Route. Korolev Prospect will become the first such
large-capacity crude oil tanker to travel the entire length of the Northern Sea Route,
using only cleaner-burning LNG fuel. The tanker is delivering a cargo of crude
oil from the port of Murmansk to China. You can read more about it on According to Reuters, S&P Global Platts plans
to launch its first assessments for prices of LNG bunker fuels in the top global bunkering
hubs of Singapore and Rotterdam, ahead of new shipping rules taking effect from January
2020. According to Platts, the IMO regulation and
rising global LNG supplies have led to an increase in the use of LNG as a maritime fuel,
and LNG supply to the bunkering market is expected to swell to 15 million tonnes a year
in the next decade. That’s it for this week. Tune in next week for more news and until
then – thanks for tuning in.