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October 20, 2020
YPF terminates Tango FLNG charter
Belgian shipping line Exmar has reached a settlement agreement with Argentine oil and gas company YPF SA over the dispute started in June 2020 under the Tango FLNG. Liquefaction activities at Tango LNG were stopped by YPF in May 2020 with the start of winter season in the Southern Hemisphere. A settlement amount of US$150M will be paid by YPF to Exmar for the early termination of their charter agreements and the withdrawing of arbitration proceedings. The production barge is now available for hire.
October 20, 2020
Squadron acquires Port Kembla terminal project
Squadron Energy has acquired Marubeni and JERA’s interests in Australian Industrial Energy Pty Ltd (AIE), the vehicle used to develop the Port Kembla LNG import terminal, to become 100% owner and operator of the project. Squadron is committed to the expedited development of the PKGT with the objective of having the capacity to supply more than 70% of New South Wales gas needs by late 2022.
Edited from AIE’s press release
October 16, 2020
Pakistan opens LNG imports to private sector
Pakistan has decided to open up LNG market for the private sector from November 2020 until February 2021 (under the initial plan) with the goal to reduce financial risks and enhance gas supply in order to minimize shortage in the winter season. Two LNG terminals of Pakistan GasPort are currently handling their full allocated capacity of LNG imports. The government has also decided to auction the excess capacity of the second LNG terminal.
October 14, 2020
South East Asia’s first LNG bunkering and supply vessel delivered
Avenir LNG Limited has taken delivery of its first dual purpose LNG bunkering and supply vessel from Keppel Offshore & Marine. The 7 500 m3 dual-fuel Avenir Advantage, equipped with two Type C tanks, chartered by Petronas LNG, will provide ship-to-ship LNG bunkering to vessels across Malaysia and transport services as an LNG carrier for small-scale terminals in the region.
Edited from Avenir LNG’s and Keppel’s press releases
October 13, 2020
Grain LNG and Qatar Terminal Ltd sign 25-year agreement
National Grid’s Grain LNG and Qatar Terminal Limited (QTL), a subsidiary of Qatar Petroleum, have signed a 25-year agreement on 7.2. MTPA of storage and redelivery capacity from mid-2025. The agreement concluded Grain LNG’s “Open Season”, started in November 2019.
Edited from Grain LNG’s press release