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December 15, 2016
Höegh LNG signs a 20-year FSRU charter agreement in Pakistan
Höegh LNG signed today an FSRU contract with Global Energy Infrastructure Limited (GEIL) for GEIL's LNG import project in Port Qasim near Karachi, Pakistan. The project is the first private LNG import terminal in Pakistan. On 29 September 2016, GEIL signed a long-term LNG supply agreement with Qatargas.
The charter is for a period of 20 years with two five year extension options for charterer and is expected to generate an average annual EBITDA of around USD 36 million. The contract is subject to both parties' board approval. The construction of the terminal is planned to commence early 2017 and expected start-up is second quarter of 2018. The FSRU will be provided from Höegh LNG's portfolio of FSRUs, including units under construction, planned conversions or new orders.
Edited from Höegh press release.
December 14, 2016
Turkey’s first FSRU takes position
The Höegh-owned, Engie-chartered FSRU GDF Suez Neptune has arrived near Aliaga, on the Agean Sea. The FSRU will be positioned at the new Aliaga FSRU jetty, which is reported to be still under construction and it will supply up to 3.6mtpa of LNG.
Turkey has two land-based LNG-import terminals, Aliaga and Marmara Ereglisi and the FSRU will be used as a third LNG import terminal.
December 13, 2016
Centrica signs a 5-year SPA with JERA
Centrica has signed a 5-year SPA with JERA. Under the terms of the SPA, which commences in April 2019, Centrica will purchase up to 6 cargoes per annum at the Isle of Grain Terminal in the UK and work with JERA to optimise the volume.The SPA follows the execution earlier this year of a MOU between Centrica and JERA to collaborate in the LNG business.
JERA was formed in April 2015, combining the fuel procurement businesses of Tokyo Electric (TEPCO) and Chubu Electric.
Edited from Centrica press release.
November 25, 2016
Total to become operator of Ivory Coast terminal project
November 24, 2016
SIGTTO appoints David Furnival as new President
Following a decision by the Board of Directors and members of SIGTTO at its Autumn 2016 meeting in Nagoya on 18 November, David Furnival of Bernhard Schulte Ship Management has been appointed as the Society’s new President, At the same time Christopher Bailey of BP Shipping has been appointed Vice President. Furnival succeeds Luc Gillet of TOTAL who has stepped down after a three-year term as SIGTTO President.
Edited from SIGGTO press release.