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ADNOC inks deal to convert LNG tanker for FSU charter

ADNOC L&S along with Atlantic Gulf & Pacific (AG&P) shake their hand and inked a 15-year agreement concerning a floating LNG storage unit in Karaikal, India.  Under the terms of the charter deal, ADNOC will provide one of its 8 LNG vessels, a 137.756 cbm Moss-type LNG tanker that would be converted to an FSU.

Energy companies to reject Chinas’ LNG force majeure

Following the coronavirus situation, two of the biggest European energy companies denied a Chinese force majeure upon the LNG deals. Specifically, Royal Dutch Shell Plc and Total SA did not accept the legal grounds of China National Offshore Oil Corp. (CNOOC) decision.

Japan’s LNG price import to fall during 2020

Japan’s Institute of Energy Economics recently issued its 2020 Energy Outlook in Japan and World, highlighting that region’s average LNG import price is set to low. Namely, the Institute estimates a drop from around $10 per million British thermal units (mBtu) in 2019 to below $9 per mBtu during 2020.

Japan’s first LNG-fueled vessel completes 100th LNG bunkering

According to a recent statement, the tugboat Sakigake, Japan’s first LNG-fueled vessel, was supplied with LNG as fuel for the 100th time since its delivery in 2015. In fact, the LNG bunkering was conducted safely and efficiently from a tank truck at the No. 5 quay of Shinko, Yokohama.

Petronas, Shenergy ink agreement for LNG supply

Petronas shake hands with Shenergy Group Company Limited and signed a Heads of Agreement (HOA), in order to supply around 1.5 MTPA of liquefied natural gas (LNG) to its Wuhaogou receiving terminal in China. Specifically, the 12-year LNG agreement is scheduled to begin from 2022.

Flex LNG extends time-charter agreement

The LNG carrier owner Flex LNG announced its extension of the time-charter agreement concerning the 173.400 cbm vessel, “Flex Enterprise”. According to the company, with this extension the firm period under the time charter will be until the end of the first quarter of 2021. 

Turkey acquires its first LNG station

The LNG major Shell partnered with Turcas Petrol and launched the first liquefied natural gas filling station in Turkey, commenting that it is an act representing the importance of achieving today’s environmental goals through sustainable methods.

Greece is crucial for US plans to sell more natural gas to Europe

According to Al Jazeera, the European market hangs in the balance as the US take aim at Russian-Turkish energy alliance. Greece is now proving to be a test case of the power of liquefied natural gas (LNG) to get market share, while the US is taking notice by the boosting US LNG sales to Europe.

EIA: US LNG exports increase week over week

The Energy Information Administration (EIA) reported that the US exports concerning LNG presented an increase, the week from 12 to 18 December. 17 vessels departed the US export facilities carrying an overall cargo of 59 Bcf, during the week under review, in comparison to 14 vessels with a combined LNG-carrying capacity of 51 bcf exported the week before.


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