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June 15, 2020
First Commingling LNG Cargo received at Hatsukaichi LNG Terminal
On 15 june, the first first commingling LNG cargo arrived at Hatsukaichi LNG terminal of Hiroshima Gas. The commingling cargo is based on the LNG Transportation Agreement between Hiroshima Gas, Tokyo Gas and Tokyo LNG Tanker that was executed in February 2020 in which LNG procured by Hiroshima Gas and Tokyo Gas from Sakhalin, Russia would be jointly transported by an LNG carrier owned and operated by Tokyo LNG Tanker for a period of eight years from FY2020 to FY2027.
Edited from Tokyo Gas’ Press release
June 15, 2020
Qatar books remaining available capacity at Krk terminal
The remaining available capacity at the Krk terminal in Croatia has been booked by PowerGlobe Qatar for the next 3 years under a 15-year deal. PowerGlobe Qatar already holds capacity until 2035. MFGK Croatia, MET Croatia Energy Trade are the other capacity holders. The LNG terminal is currently under construction and is expected to have capacity to receive 2.6 bcm of natural gas per year starting 2021.
June 14, 2020
Myanmar joins the club of LNG importers
Myanmar has joined the club of LNG importers through its Floating Storage Unit (FSU), which has started opeartions to supply the power station in Thaketa, located in Thanlyin of Yangon for electricity generation. The plant has commenced operations thanks to the shipment of two LNG cargoes from the Petronas LNG Complex in Bintulu which were sold on Free-On-Board (FOB) basis, amounting to a total LNG volume of 190,000 cubic metres.The facility is owned by a joint venture of VPower Group and CNTIC (CNTIC VPower), and it is the first time that LNG is used as a fuel source for power generation in Myanmar. Electricity generated by this power station will be transmitted to support the nationwide electricity demand, in particular in the Yangon Region, via the national grid.
June 4, 2020
India promotes LNG filling stations
India’s regulator (PNGRB), has announced that any entity can set up an LNG station in any Geographical Area (GA) or anywhere else, even if it is not the authorised entity for that GA. According to Petronet who welcomes this decision, apart from being an environmentally superior fuel, LNG also reduces the fuel bill of the fleet operators about 25% and the import bill of the country by 30%-40% as compared to crude oil-based fuels.
Edited from Petronet’s press release
May 26, 2020
Contract signed to build and charter an FSRU in Wilhelmshaven
MOL and LTW (LNG Terminal Wilhelmshaven) have signed a contract to build and charter for 20 years - an FSRU in Wilhelmshaven on the North Sea. The FSRU which will have a 263,000m3 storage capacity will make it possible to offload, store and regasify LNG for the German market.
Edited from MOL’ press release