Page 17 - GLNG Week 28

GLNG
NEWS IN BRIEF
GLNG
e Ishin, the rst LNG-fuelled ship owned by MOL, is in operation and building a solid track record as the rst LNG-fuelled tugboat serving Osaka Bay. MOL also promotes the wider use of LNG as a marine fuel as a forerunner in the trend toward LNG- fuelled ships, for example, by cooperating in LNG fuel supply trials in the ports of Kobe and Nagoya.
e Sun ower Kurenai and Sun ower Murasaki are slated for launching from the end of 2022 through the rst half of 2023 on the Ferry Sun ower-operated Osaka-Beppu route as an alternative to existing vessels.
e MOL Group sets “Promotion of environmental strategies and development of the emission-free business into a core business” as a core strategy in its Rolling Plan 2020 management plan. e group continually develops technologies for LNG-fuelled ships and strives to reduce the environmental impact of its operations. MITSUI OSK LINES, July 15, 2020
EUROPE
Wärtsilä to equip five LNG
gas-carriers with fully
integrated bridge systems
under Arctic LNG-2 project
e technology group Wärtsilä was contracted to deliver a complete bridge systems installation for ve ice breaking LNG-fuelled tankers to be constructed for the Arctic LNG-2 project. e navigational systems
are delivered by Wärtsilä Voyage, the new business responsible for digital solutions and decision support tools to enhance safety and reliability of shipping operations.
e order with Wärtsilä Voyage was placed in the rst quarter of 2020 and now is in process of execution, in partnership with Samsung Heavy Industries shipyard.
Under the contract two equivalent bridges will be placed in vessels’ superstructure;
one of them is turned 180 degrees from
the conventional position. is peculiar construction will allow icebreakers to move both forward and a , thus ensuring safe vessels navigation under adverse climate conditions of the Arctics.
Both navigation bridges of all ve
LNG tankers will be equipped with the Multifunction Display system consisting of 12 multifunction workstations with a full set of basic applications, including ECDIS, Radar, Conning navigation information display
system, BAMS alarm tracking system, and Navi-Planner for advanced route planning. e scope of Wärtsilä solutions also includes VSAT and IRIDIUM satellite communication systems. e workstations are fully integrated into a uni ed system, which allows the
main operational functions to be duplicated, thereby improving safety of ice navigation.
Similar sets of equipment were installed on gas-carriers built under “Yamal LNG” project during 2014-2018 (with «Christophe de Margerie» as the lead ship in the series).
As of today, all the navigational systems planned for installation are ready for integration with Wärtsilä Fleet Operations Solution (FOS) – the rst solution that puts previously fragmented services under one platform to li ship-to-shore synergies and improve operational processes.
WÄRTSILÄ, July 16, 2020
Novatek reports preliminary operating data for the second quarter and first half 2020
Novatek reported today preliminary operating data for the second quarter and rst half 2020.
In the second quarter 2020, Novatek’s hydrocarbon production totalled 145.3million barrels of oil equivalent (boe), including 18.50bn cubic metres (bcm) of natural gas and 2.92mn tons of liquids (gas condensate and crude oil), resulting in a decrease in total hydrocarbons produced by 3.7mn boe, or by 2.5% as compared with the second quarter 2019.
Novatek’s hydrocarbon production totalled 295.5mn boe in the rst half 2020, including 37.58 bcm of natural gas and 5.969mn tons of liquids, resulting in a slight decrease in total hydrocarbons produced by 600,000 boe, or by two-tenths of 1% as compared to the rst half 2019. Preliminary second quarter 2020 natural gas sales volumes, including volumes of LNG sold, aggregated 16.90 bcm, representing a decrease of 9.9% as compared to the prior year. Natural gas volumes sold in the Russian Federation in the second quarter 2020
totalled 14.43 bcm, whereas LNG volumes sold on international markets amounted to 2.47 bcm. e decrease in sales volumes on international markets was due to the decrease of Yamal LNG shareholders’ share, including Novatek’s share, of LNG volumes sold on the spot market, and a corresponding increase
of Yamal LNG direct sales under long-term contracts.
NOVATEK, July 13, 2020
MIDDLE EAST
Nakilat announces 15.5%
increased profits for the
first half of 2020
Nakilat announced its nancial results for
the rst half of the year ended 30 June 2020, with the company achieving a net pro t of QR 550mn compared to QR 476mn during the same period in 2019, an increase of 15.5%.
e company’s strong nancial performance is primarily attributed to operational excellence in the management
of its entire eet and realising additional revenues from the strategic acquisition of the remaining 49.9% of four Q-Flex vessels in October 2019.
Here are the key nancial highlights from the rst half of 2020: Net pro t of QAR 550mn, increase by 15.5%;
revenue of QAR 2,021mn, increase by 11.3%; general and administrative expenses decreased by 11.7%.
Nakilat’s solid nancial performance is driven by long-term strategic plans towards achieving the company’s goals, championed by the Board of Directors. Despite the ongoing challenges of the global pandemic, Nakilat continued to uphold operational excellence
in the management of its Lique ed Natural Gas (LNG) and Lique ed Petroleum Gas (LPG) vessels and ensured no disruption to its business.
is demonstrates the company’s commitment to provide shipping and maritime services in a safe, reliable and e cient manner.
e successful commencement of Nakilat’s second phase eet management transition
is among the main attributes to the positive nancial results achieved, with two vessels transitioned in the last quarter. In addition, the company followed through its eet expansion plans and took delivery of an LNG carrier newbuild, which will be commercially and technically managed in-house and chartered by Qatargas.
e delivery of all four newbuild LNG carriers by end-2021 will bring Nakilat’s eet to 74 vessels, which is about 12% of current global LNG eet in carrying capacity. e company’s steady expansion further highlights its robust nancial performance and strategic planning, which comes as part of e orts to maximise returns for shareholders.
NAKILAT, July 15, 2020
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