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GLNG NEWS IN BRIEF GLNG

the trading market space resulting in market Novatek will improve its dividend payments,
efficiencies and significant cost savings for the CEO of the company Leonid Mikhelson
traders. told the press on August 14 as cited by Reuters
Uniper selected Wipro to build the and Interfax.
blockchain platform to address the complexity Reportedly, the dividend policy could
of the European ssLNG market. As a result be revised upwards at the upcoming board
of the implementation, commodity flow meeting of August 25, one of Russia’s richest
management is simplified in a market men Mikhelson said.
characterized by extensive manual and paper- Previously Mikhelson pledged to decide
based transactions and high operational on the dividends in 2Q20. For 2Q20 under
cost. The platform implemented by Wipro IFRS Novatek showed $2bn in total revenues,
involves multiple peer-to-peer trading $0.99bn total Ebitda (including joint ventures
cycle participants, enables order and supply such as Yamal LNG) and net income of
placement, delivery of goods, validation of the $0.58bn. The company beat the consensus
state of goods and bill settlements. It further expectations on top and bottom lines by 2%
helps Uniper streamline trade by reducing and 7% respectively.
“The processing of third-party gas turnaround time, effort and inefficiencies, Novatek has completed Russia’s largest
resources will extend the operating life of the enables scalability and brings visibility, LNG project Yamal LNG and is developing
NWS project and ensure KGP continues its transparency and trust in all stages of LNG the Arctic LNG-2 project. Previous reports
significant contribution to the Australian and trade. Strategically, it paves the way for Uniper suggested that more co-operation with foreign
Western Australian economies for years into to become the market maker for low-carbon energy majors on LNG projects is possible.
the future. modern supply of alternative fuels and VTB Capital noted on August 17 that
“The tolling of third-party gas at KGP decentralized energy solutions. Novatek’s current dividend policy is based on
provides new revenue and LNG exports, and WIPRO LIMITED, August 20, 2020 adjusted net income and assumes a minimum
an additional domestic gas commitment for payout ratio of 30%.
Western Australia from Pluto. Teekay LNG Partners The bank notes that should the company
“We look forward to working with all raise the minimum payout to 50% (the
parties and the government of Western completes Norwegian bond baseline level for many other Russian oil and
Australia over the coming months to finalise gas companies), that would increase Novatek’s
the project agreements and regulatory offering 2020 dividend yield from 1.3% to 1.8%, which
approvals,” he said. is “somewhat supportive although comparable
WOODSIDE ENERGY, August 17, 2020 Teekay LNG Partners announces that it with other oil and gas names.”
has priced NOK1,000mn in new senior
unsecured bonds that mature in September MIDDLE EAST
EUROPE 2025 in the Norwegian bond market. The
new bond issuance, which was significantly Nakilat transitions LNG
Wipro and Uniper oversubscribed, has an aggregate principal Al Sadd to in-house
amount equivalent to approximately USD
collaborate to implement a 112 million and all payments will be swapped management
into a US dollar fixed-rate coupon of
blockchain-based small- approximately 5.74%. Teekay LNG expects to Nakilat has assumed full ship management
close the bond offering on September 2, 2020,
scale liquefied natural gas subject to customary closing conditions. The and operations of Q-Flex LNG carrier Al Sadd
from Shell International Trading and Shipping
net proceeds from the bonds are expected
(ssLNG) trading/fulfilment to be used for general partnership purposes. Company Limited (Shell) with effect from
Teekay LNG will apply for listing of the new
13 August 2020, as part of the second phase
platform bonds on the Oslo Stock Exchange. of its planned fleet management transition
DNB Markets and Nordea acted as Global
programme.
Coordinators and Joint Bookrunners; and With a cargo carrying capacity of 210,200
Wipro Limited, a leading global information Credit Agricole Corporate and Investment cubic meters, Al Sadd is wholly-owned by
technology, consulting, and business process Bank, Danske Bank, SEB, Swedbank and Nakilat and chartered by Qatargas. The vessel
services company, today announced the Arctic Securities acted as Joint Bookrunners. built in South Korea by Daewoo Shipbuilding
successful implementation of a blockchain- TEEKAY LNG PARTNERS, August 20, 2020 & Marine Engineering was delivered in
based small-scale liquefied natural gas September 2011 and has been in service ever
(ssLNG) trading/fulfilment platform for Russian LNG major Novatek since.
Uniper Global Commodities SE and its 100% Al Sadd is the fifth vessel that will come
LNG-for-trucks subsidiary Liqvis GmbH. could improve dividend under the management of Nakilat Shipping
Uniper SE is a leading international energy Qatar Ltd. (NSQL) this year, bringing the total
company headquartered in Germany. policy number of vessels managed by NSQL to 24,
The platform built in collaboration with comprising of 20 LNG and four LPG carriers.
Uniper utilises a consortium model for all Russia’s second-largest natural gas producer NAKILAT, August 13, 2020
ssLNG market participants to help transform and liquefied natural gas (LNG) leader

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