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You will find in this section the latest public news regarding the liquefied natural gas market, regulation and innovations. Please type any keyword in the search box and /or use the  ”area”, “topic” and “date” filters to refine your search. Feel free to submit your news to GIIGNL using the contact form.

 

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

The CI-GNL (Ivory Coast LNG) consortium led by Total has been awarded the rights to build and operate an LNG re-gasification terminal in Ivory Coast with a capacity of 3mtpa.The re-gasification terminal project is expected to become operational by mid 2018. The decision announced by the Government of the Ivory Coast on October 4th was followed by the signature of the shareholders’ agreement in Abidjan between Total, which will operate the project with a 34% interest, national companies PetroCI (11%) and CI Energies (5%) as well as SOCAR (26%), Shell (13%), Golar (6%) and Endeavor Energy (5%).The project involves the construction of a terminal with an FSRU in Vridi, Abidjan area, and a pipeline connecting the FSRU to existing and planned power plants in Abidjan, as well as to regional markets connected to the Ivorian network. 
Edited from Total press release.

 

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. 

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