Page 14 - GLNG Week 33

GLNG
NEWS IN BRIEF
GLNG
Cheniere extends CEO’s contract
US LNG exporter Cheniere Energy has extended its CEO Jack Fusco’s contract. e company said in a ling with the US Securities and Exchange Commission (SEC), that the contract was being extended for another three years.
Fusco became CEO of Cheniere in May 2016, succeeding the company’s founder, Charif Souki. His original contract was due to end in December but under the extension Cheniere will keep Fusco on as CEO until December 31, 2022.
ASIA
Sinanju inks time charter agreement for Singapore’s first LNG dual-fuel powered bunker tanker
Sinanju Logistics Services, the tanker operating arm of Sinanju Tankers Holdings entered into a two-year time charter agreement on 25 July with ExxonMobil Asia Paci c for a new-build bunker tanker ve months ahead of commencing operations.
e 7,990 dwt newbuilding, soon to be christened “Marine Vicky”, will be the rst bunker tanker for Singapore and Sinanju, to be powered mainly by lique ed natural gas (LNG).
e deal will commit “Marine Vicky” to delivering ExxonMobil’s new EMF.5TM
Engineered Marine Fuels to ocean-going vessels within Singapore port limits from
the rst quarter of next year (2020). is will help ensure that ExxonMobil’s customers can bunker the high quality, compliant options they need.
Under the Maritime Singapore Green
Port Programme, registered vessels that are serviced by alternative or cleaner marine fuelled harbour cra s during their port stay – such as receiving bunker from LNG-powered bunker tankers – stand to receive a 10 per cent port dues concession.
Mr. Ju Kai Meng, managing director
of Sinanju shared, “Sinanju is delighted to enter into a new phase of collaboration with ExxonMobil, with whom we have had a
long and successful working relationship.
As responsible stakeholders of the maritime industry, we are stepping up to promote the use of LNG as a sustainable alternative marine fuel to reduce greenhouse gas emissions and we encourage more of such bunker tankers to operate in Singapore.
“ e Technical Reference for LNG Bunkering (TR56:2017) to skill up for the safe and e cient handling of LNG is in place and we have a budding but comprehensive infrastructure to support the supply and use of LNG as a marine fuel at the world’s largest bunkering port.
“We will now focus on competence building through hands-on operations of this LNG-powered bunker tanker. I believe the invaluable experience garnered will serve as a strong foundation towards our preparation to embark on ship-to-ship LNG bunker deliveries from 2021,” Mr. Ju added.
“ExxonMobil is glad to be partnering with Sinanju in its e ort to reduce emissions in its
operations. We are committed to doing our part to meet the demand for cleaner marine fuel supplies safely and reliably, while at the same time, reduce environmental impact and provide sustainable solutions,” said Asia Paci c sales director of ExxonMobil marine fuels, Koh Sing Liang.
SINANJU LOGISTICS SERVICES, August 16, 2019
COMET expands LNG advisory committee
Today, TruMarx Data Partners, developers of the COMET energy marketplace, announces the appointment of W.K. Chan, formerly
of Platts, and Sam Farooki, an oil and gas industry veteran, to its LNG Advisory Committee. e appointments underscore TruMarx’s commitment to providing the most valuable and robust LNG trading solution
to the industry in consultation with LNG industry leaders.
TruMarx’s Chief Executive O cer Jon Olson commented “Over the past 10 years, COMET has worked closely with our Advisory Committee to provide the most reliable market trading solutions for natural gas and another 15 asset classes. However, LNG trading has its own complexities and reporting requirements, therefore it made sense for us to develop a stand alone LNG Advisory Committee. COMET’s LNG Advisory Board has been instrumental in shaping and developing our LNG product. e addition of WK and Sam will only add broader insight to our work and exceptional value to the LNG community.”
W.K. Chan commented: “I look forward to providing counsel to continue to shape COMET as a powerful tool for today’s complex LNG trading environment.”
Sam Farooki added: “A er over 30 years in the industry, I understand the drive for enhanced internal transparency and controls in today’s compliance focused environment. COMET provides a simple solution with an excellent audit trail for complex LNG trades.”
COMET’s LNG Advisory Committee is comprised of Matthew Arnold, Consultant and former Head of LNG trading at ExxonMobil, RasGas and EDF; Shasha Fesheraki, Managing Director of FGE; Robert Stibolt, LNG Alliance; David omas, Director of Nwyda Limited and former Head of LNG trading at BP and Vitol; and Ruchdi Maaloof, Head of Oil and Gas, De Gaulle Fleurance and Associates.
COMET supports unlimited, real-time con dential collaboration around any transaction, and provides custom integration
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Week 33 22•August•2019