Page 13 - GLNG Week 06 2021

GLNG NEWS IN BRIEF GLNG

AMERICAS strong LNGC market to bridge the interim gas utilities in Asia. The company’s business
period with solid counterparties.” activities range from gas transmission and
Höegh LNG: secured interim HÖEGH LNG HOLDINGS, February 09, 2021 marketing to processing (for fractionating
LPG, propane, naphtha and pentane);
LNGC charters for 2021 and ASIA transmission of liquefied petroleum gas
(LPG); production and marketing of
2022 petrochemicals like HDPE and LLDPE.
The company has extended its presence in
Höegh LNG Holdings is pleased to announce LNG carrier named GAIL liquefied natural gas (LNG) re-gasification,
that it has reached an agreement with BHUWAN for GAIL (India) – city gas distribution, exploration &
Trafigura for an extension of the existing production, solar and wind power generation.
interim LNGC time charter for Höegh Gannet LNG carrier to import clean GAIL currently holds a LNG portfolio of
by 12 months and entered into a new interim about 14mn tpy from various long and
LNGC time charter for Höegh Gallant for 12 LNG from USA to India under short-term contracts. The company is also
months from the redelivery from its current committed to LNG trading globally.
charter at end March 2021. the charter contract MOL has been participating in Indian
Further, an agreement has been reached with market since the beginning of LNG import
Cheniere to extend the existing interim LNGC Mitsui OSK Lines (MOL; president & CEO: into the country, with the distinction of
time charter for the Höegh Galleon with 12 Junichiro Ikeda) today announced that on having brought the first gas from Qatar.
months. February 9, 2021, naming ceremony for a MOL is currently participating in not only
The rates for the above-mentioned time LNG carrier, ordered through a wholly owned transportation of LNG but also other projects
charters are consistent with the term market subsidiary of MOL, was held online. in India including floating LNG receiving
rates for TFDE LNGCs and modestly above The “GAIL BHUWAN”, named by Mrs. terminal and Ethane transportation by the
those achieved for Höegh Gallant and Höegh Anu Jain, spouse of Mr. Manoj Jain, Chairman first very large ethane carrier (VLEC) in the
Gannet in 2020. The three time charters & Managing Director, GAIL (India) in world.
include extension options for the charterers the presence of Mr A K Tiwari, Director MOL will, in response to increasing
which can result in back-to-back employment (Finance) and Mr E S Ranganathan, Director demands for energy transportation, continue
with potential new FSRU awards. (Marketing), GAIL (Corporate Office: New its effort to provide various sea transportation
With these charters the company’s fleet is Delhi, India), and other senior officials, services with high safety standards, which the
secured full contract coverage for 2021, with present during the online naming ceremony, company is known for.
the exception of Höegh Esperanza where is the first newly built LNG Carrier for the MITSUI OSK LINES, February 10, 2021
Höegh LNG is in discussions with the existing charter contract with GAIL.
charterer on an extension from the expiry GAIL has contracts for procuring LNG NYK to build four new LNG-
of the existing contract in June 2021. The volumes from USA under two long term
company aims to secure an extension that Sales and Purchase Agreements signed with fuelled PCTCs
potentially covers the period until Höegh US energy majors. The vessel will ship clean
Esperanza is planned to be employed on a LNG fuel from the US Gulf Coast to India, for NYK has concluded a ship-building contract
long-term FSRU contract. Höegh Esperanza meeting the country’s energy requirement and with China Merchants Jinling Shipyard
is, conditional on a final investment decision also to other markets globally. (Nanjing) for four LNG-fuelled PCTCs.
being made, selected for AGL’s Crib Point GAIL is the largest natural gas company These four vessels will be delivered from
FSRU project in Australia. in India with approx. 12,426 km of cross- 2022 to 2023 and are planned to be assigned
President and chief executive officer country existing trunk pipeline network and to transport vehicles mainly to/from Europe
Sveinung J.S. Støhle says: “We are off to a another 6,747 km pipelines in advance stage and/or to the Middle East.
very good start for 2021 with these charters of completion. GAIL is ranked no. 1 gas On these vessels, WinGD’s X-DF2.0 iCER
in place, taking advantage of the seasonally pipeline company in India and among the top main engine will be utilized for the first time
in the world. This engine consumes less
gas and reduces GHG by cutting methane
emissions from exhaust gas by approximately
50%. Further, the vessels will be equipped with
battery hybrid technology, which will improve
fuel efficiency by mitigating main engine and
electrical generator load fluctuations through
the support of batteries. The use of LNG fuel,
together with these new technologies and
other developments such as hull modification,
will contribute to a reduction of sulphur oxide
(SOx) emissions by 99% compared to ships
fuelled by heavy fuel oil. Likewise, nitrogen
oxide (NOx) emissions will be cut by 96%,
and CO2 emissions by approximately 40% or
more (per unit of transportation).
Concluding this ship-building contract

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