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LNG Global News Flash Analysis Podcast on 26.08.2019

September 11, 2019


Good morning and welcome to the LNG Marketplace
Weekly News Flash. Here is the latest news we have selected for
you from all over the media. We are a step closer to the establishment
of the Natural Gas market in Cyprus! The multinational consortium of China Petroleum
Pipeline Engineering, AKTOR S.A., METRON S.A., Hudong-Zhonghua Shipbuilding and Wilhelmsen
Ship Management is ranked first in the evaluation to construct the LNG import project co financed
by the European Union. This announcement is the outcome of a lengthy
and complex tender process overseen by DEFA in cooperation with external industry experts. More you can read on DEFA.com.cy
Woodfibre LNG is poised to become the second liquefied natural gas export project to break
ground on Canada’s West Coast, even as other advanced Canadian LNG proposals have been
delayed yet again. The company is finalizing its engineering,
procurement and construction contract for development of the LNG export facility in
Squamish, British Columbia. This news we read on Financial Post. McDermott International with its partners,
Chiyoda and Zachry Group, has announced that Train 1 of the Freeport LNG project on Quintana
Island in Freeport, Texas, has begun producing LNG! Although production is in its initial phrase,
the milestone is a precursor to first cargo which is expected later this month. More info you can find on Gas World. On the same website, we also found that Europe’s
first shore-to-ship bunkering station for LNG has been filled with LNG for the first
time. The LNG bunker station has been built by PitPoint
along the busiest waterway in Europe – the Rhine, in the port of Cologne, Germany. It’s the first permanent location in Europe
where barges can refuel with LNG. At the moment, LNG-fuelled barges are typically
supplied using tank trucks. Europe’s two biggest suppliers of pipeline
gas, Norway’s Equinor and Russia’s Gazprom, have lost market share for the first time
in at least four years amid a tripling European LNG imports over the past 10 months. LNG imports to Europe have jumped due to lower
than expected spot demand from Asia, which has sent European gas prices to 10-year lows
and filled European storages to multi-year highs. More you can read on KFGO. ExxonMobil Asia Pacific has signed a two-year
time charter with Singapore-based Sinanju Tankers to lease Singapore’s first LNG powered
bunker tanker, Sinanju. The new build will deliver LNG fuel to ocean-going
vessels in Singapore port from the first quarter of next year. This news we found on Reuters. NorthStar Midstream, that owns 50% of the
JAX LNG terminal in Jacksonville, Florida, is expanding into the marine bunkering business,
targeting cruise and cargo ships that are planning to use natural gas as bunker. Northstar has formed a new company, Polaris
New Energy, which has ordered an LNG barge scheduled for delivery at the end of 2021. This piece of news we found on Freight Waves. On Finance Yahoo you can read that Sempra
LNG has initiated service of the Cameron LNG’s liquefaction-export project located in Hackberry,
LA. Just to remind you: Sempra LNG is constructing
a natural gas liquefaction export facility, which includes three trains. The projected export capacity of the trains
is 12 million tonnes per annum of LNG. A new LNG storage and regasification plant,
was inaugurated this week in Equatorial Guinea. The new plant is being built by local contractor
Elite Construciones. With a storage capacity of 14,000 cubic metres
in 12 bullet tanks, it is the first of its kind and allows LNG to be distributed on the
mainland. Along with the storage and regasification
infrastructure, Elite is also installing a truck loading station and gas and diesel pipelines. More you can read on Gas World. The state-owned Kuwait National Petroleum
Company, called KNPC issued the tender for “the LNG storage and conversion services
contract”, which is undergoing within Kuwait’s multi-billion-dollar clean fuel project. Bidding for the project will close on Oct
6 and bidders must submit all documents specified by KNPC. This piece of news we found on Hellenic Shipping
News. On the same website you can also read that
in September, the fourth user – Eesti Energia, an Estonian energy trader in the Baltic States,
Finland, Sweden and Poland – will start using services of Lithuanian Klaipėda LNG
Terminal. The contract with the new Klaipeda LNG terminal
user was signed recently and it is planned that the first cargo of Eesti Energia in the
history of Klaipėda LNG Terminal will arrive in Klaipėda at the end of September. That’s it for this week. Tune in next week for more news and until
then – thanks for tuning in.

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