Lng Shipping News April 17

The move positions Endesa with aNorth American LNG supply thatwould potentially enable it togrow in South America, accordingto price reporting agency Icis. Theutility has power generation facil-lites in Brazil, Colombia, Chile,Peru and Argentina.

Carboex, Endesas shippingsubsidiary, operates as a fuel trad-ing company and historically hastransported coal and LNG. Endesaacquired a 61.9 percent stake inCarboex, formerly known as So-ciedad Espanola De Carbon Exte-rior, in 1992. The company isbased in Madrid, Spain.

Carboex in 2011 chartered LNGvessels but also relies upon ex-shippurchases. It signed a deal in 2008to supply Brazilian oil and gasmajor Petrobras at regasificationterminals in Rio de Janeiro andCear, reported Brazilian newspa-per O Globo. It is thought to be intalks with Petrobras for potentialuse of an FSRU, reports Icis.

When the SPA starts on comple-tion of the Corpus Christi LNG in2018, Endesa will buy about 0.75million tonnes per annum of LNGon an FOB basis for twenty yearswith a ten year extension option.The purchase price for the LNGwill be indexed to the monthlyHenry Hub price and include afixed price element.

Endesa had previously pur-chased 1.5 million tonnes perannum of LNG with the project, sothe total is now about 2.25 milliontonnes per annum.

The Corpus Christi project,which may see its final environ-mental impact statement state-ment arrive from FERC thisOctober, is awaiting export licenceapproval by the US Department of

Energy (DOE) to allow it to ship tonon-free trade agreement coun-tries like Japan.

GasLog acquires six LNGships from BG GroupShipping company GasLog, head-quartered in Monaco, has movedto acquire six LNG carriers fromMethane Services Limited, a ship-ping unit of British oil and gascompany BG Group, three outrightand three on a sale-leaseback.

It agreed a sale leaseback forthree Methane Services Limitedvessels built in 2007, for whichGasLog has provided technicalmanagement since delivery andalso supervised construction.

It will buy the ships beingleased back for an aggregate costof $468 million and charter backto the group for average six-yearinitial terms.

To prevent the vessels from re-delivering at the same time,GasLog will stagger the charters toMethane Services Limited in termsof 5.5 years, 6 years and 6.5 years.It will do the same with the ships itacquired outright from BG Group.

BG Group will be able to extendcharters on two of the three ves-sels it is leasing, with an option toextend either three or five years.

The vessels acquired on saleleaseback are sister ships to thevessels acquired outright, whichwere also technically managed byGasLog. Each vessel on leasebackis steam powered and has a capac-ity of 145,000 cubic meters.

Paul Wogan, CEO of GasLog,said, The transaction supportsour strategy of consolidating theLNG carrier market by acquiringhigh quality assets.

The ships will be charteredback to an affiliate of BG Group,thus increasing our backlog of con-tracted revenue to almost $3 bil-lion. This strengthens ourunderlying business and provides avery strong base from which tocontinue to expand our fleet inthe future.

The closing, expected in thethird quarter of this year, is sub-ject to definitive documentationand necessary financing.

GasLog obtained financial com-mitments from Citibank in Londonfor a $325.5 million credit facilityand a bridge loan facility. It mayalso pursue alternative capital-raising transactions to fund a por-tion of the vessel purchase price,in which case it would not expectto borrow under the bridge loanfacility, it said.

A LNG JOURNAL TITLE ON LNG TANKERS 17 April 2014

LNG Shipping NewsEndesa to ship from Chenieres Corpus Christi project

SHIPPINGNEWS

AGENDA

Hegh LNG market-ing FSRU, to launchUS IPO for threeFSRUs

3

BUSINESS

BUNKERING

Seven ports plan onusing LNG bunkerbarges

4

BG group moves LNGmarketing unit fromUK to Singapore

2

MARKETS

US terminal developer Cheniere Energys Corpus Christi Liquefaction project has

been contracted for LNG supply under an SPA to Spains largest utility Endesa,

that will use Endesa's vessels. Endesa has a shipping subsidiary, Carboex.

TECHNOLOGY

GTT marketing MarkV cargo/ bunkeringfuel tank

6

138,000cbm vessel Lusail at Spains Sagunto LNG terminal Source: Endesa

LNG vessels ordered

7

LNG ORDERBOOK

The group has had an office in Sin-gapore since before 1999, where ithas 70 employees. From the officeit delivers LNG via Singapore LNGimport terminal to industrial cus-tomers regionally including six largescale power generation companies,making use of 20 LNG vessels.

The office is credited withopening the Singapore LNG marketby supplying the first 3 milliontonnes per annum of LNG.

It recorded an all time highvolume of regasification rate in aday in early April, demonstratingthe rapid increase in LNG marketshare and contribution to energysecurity in Asia, said the group.

BG Group last year had securedan entire floor at Asia Square toaccommodate future growth. Halfof the 16,000sqft space was fittedout and occupied as of in spring of 2013, reported Indesign LiveSingapore.

MarketsBG Group estimates global LNGdemand will increase at 5 percentthrough 2025, led by Asian demand,and calls the decision to move the management of the unit toSingapore strategic.

BG Group is looking to supportSingapore as it increases capacityat the LNG terminal on Jurong Is-

land and considers a second LNGterminal.

The group also expects a spikein its LNG supply. Projects it seesas potentially adding to its supplythis year include 8 million tonnesper annum from Australian CurtisLNG project in the fourth quarter,and 5.5 million tonnes per annumfrom US Sabine Pass terminal.

Steve Hill, president for globalLNG and oil marketing since 2008,will take responsibility for the of-fice and be based in Singapore.

Hill said, "Asia is the world'slargest market for LNG and whereBG Group already sends the ma-jority of its cargoes. By moving

the centre of our global LNG andoil marketing business to Singa-pore, the heart of the fastestgrowing LNG region, we are closerto many more of our existing cus-tomers and are better positionedto develop new and deeper rela-tionships in the region."

BG group moves LNG marketing unit from UK to Singapore

NEWS LNG Shipping News 17 April 20142

Oil and gas company BG Groups decision to move management of its global LNG and oil marketing business

from its UK headquarters to Singapore reflects expanded Asian LNG markets.

LNG Shipping News2nd Floor, 2-5 Benjamin StreetLondon EC1M 5QLUnited Kingdom www.lngjournal.comTel: +44 (0)20 7017 3404

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No part of this publication may bereproduced or stored in any form by anymechanical, electronic, photocopying,recording or any other means without theprior written consent of the publisher.Whilst the information and articles in LNGShipping News are published in good faithand every effort is made to check accuracy,readers should verify facts and statementsdirect with official sources before acting onthem as the publisher can accept noresponsibility in this respect. Any opinionsexpressed in this publication should not beconstrued as those of the publisher.

The gas subsidiary of Indonesia'sstate-run energy company Perta-mina announced it was possiblylaunching a joint venture with national shipping company (Pelni)to use LNG as a marine fuel, reported Indonesian newspaperJakarta Post.

It agreed to conduct a study onusing LNG as fuel to bunker Pelnisvessels at the start of the month.Studies will also cover the abilityof Pelni vessels to use LNG.

Pelni operates twenty-six ships;twenty-three of these are passengerships that serve a variety of routeswithin the Indonesian archipelago.

Pertamina Gas could boost itsgas sales by moving into the trans-portation fuel market, it said.

Pertagas has previously collab-orated with Indonesian private

mining company IndomincoMandiri, piloting LNG as fuel forvehicles used in mining activities.

The number of the locallyflagged vessels grew over 200 per-cent from 2005, when the govern-ment began to require all vesselsoperating in Indonesian waters tobe domestically owned.

Pelnis ship bunkering costsusing traditional fuels currentlyamount to 65 percent of its opera-tional expenses. Much of Pelnisfleet is running on subsidized fuel.

Pertagas said infrastrucre ques-tions remain, such as establishingLNG supply, jetty and storage forvessels on the Jakarta-Medan route.

LNG TerminalsIndonesia has three LNG terminals,Aceh, Bontang and Tangguh. In-

donesias LNG import terminal Bon-tang is supplied by Offshore Ma-hakam PSC (50% Total, 50% Inpex),Sanga Sanga PSC (23.13% Vico,26.25% ENI (ex-Lasmo), 26.25% BP,20% CPC Taiwan, 4.37% UniverseGas and Oil (Osaka Gas) and EastKalimantan PSC (100% Unocal).

Its Aceh terminal, where Perta-mina reportedly takes 70 percent

of output, is supplied by ExxonMo-bil North Sumatra PSC.

According to data from Apecconsulting, Pertaminas down-stream ownership of Bontang LNGterminal consists of a 55 percentstake, although ExxonMobil hashad a 30 percent stake and JapanIndonesia LNG has a 15 percentstake.

Indonesian state ferry operator Pelni mulls LNG bunkering Indonesian gas utility Pertagas (Pertamina Gas) and state shipping company Pelni (PT Pelayaran) have agreedto do a feasibility study for LNG bunkering of Pelnis ships.

PT Pelni passenger vessel routes, 2006. Credit: Maximilian Drrbecker(Chumwa)

M Moser produced this design forthe groups Singapore office in 2013.

In the first week of April, Norwe-gian Shipping Operator Hegh LNGHoldings Ltd. announced a US IPOof common shares in a master limited partnership. The MLP isexpected to own Hegh LNG's interests in three floating storageand regasification units.

The MLP, called Hegh LNGPartners LP, made a confidentialsubmission to the American stockmarket regulator, United States Se-curities and Exchange Commission.

An IPO is expected to beginafter the federal body approvesthe draft registration statement.

Hegh has four FSRUs on order,with deliveries ranging from thismonth to March 2015, reportedIHS Maritime.

In February Hegh held a nam-ing ceremony at Korean HyundaiHeavy Industries shipyard for theFSRU, called Independence, thatwill be deployed in Lithuania asthe first LNG import facility in theBaltic states. Delivery is expected

by December 2014.A naming ceremony for newbuild

FSRU, Hegh Gallant took place atHHI shipyard last week, on sched-ule for delivery end July 2014.

It is the third of the four largesize FSRUs that the company hasunder construction at HyundaiHeavy Industries.

Sveinung J.S. Sthle, CEO andPresident of Hegh LNG, said:Hegh LNG is pleased to see thatthere is high interest in a growingFSRU market for this unit and weare currently offering the HeghGallant to several near term LNGimport projects, and look forwardto taking delivery of the marketsmost modern FSRU in the thirdquarter of 2014.

FinancingOn Monday Hegh entered into afirm agreement with a group ofeight banks and financial institu-tions for an increased credit facil-ity of $412 million for the

financing of two LNG FloatingStorage and Regasification Units.

The credit for the vessels,known as FSRU Number 3 andFSRU Number 4, is available forpre-and post-delivery financing,with five year post-delivery condi-tions and a 15-year repaymentterm, Hegh said.

Banks participating in the fi-nancing are ABN Amro of theNetherlands, Citibank of the US,France's Crdit Agricole, andScandinavian banks Danske Bank,

DNB, Nordea and Swedbank.The eighth financial institution

involved is the Norwegian exportcredit agency, Eksportkreditt,which is providing fixed rate fund-ing for 20 percent of the loan.

Hoegh LNG's President andChief Executive, Sveinung J. S.Stohle, said: "We are very pleasedto have concluded this attractivefinancing for the last two of thefour FSRUs currently under con-struction at Hyundai Heavy Indus-tries in South Korea.

17 April 2014 LNG Shipping News NEWS 3Hegh LNG marketing FSRU, to launch US IPO for three FSRUsOperator Hegh LNG Partners has made a step towards launching a US IPO on a master limited partnership

involving three FSRUs, in applying with the US stock market regulator, Securities and Exchange Commission,

for approval of the draft registration statement.

Hegh Gallant is being marketed

GasLog, controlled by Peter G. Livanos, recently purchased threeLNG carriers from Methane Serv-ices Ltd., an affiliate of BG Groupof the UK.

Its fleet will soon number

18 wholly owned LNG carriers, including 11 ships in operation and seven LNG carriers on order.

GasLog is following Hegh LNGin setting up a US-listed MLP. TheNorwegian LNG shipping and proj-

ect operator has also submitted itsplan to the SEC for a share sale.

The Hegh shares will be soldon the basis that the MLP will ownHoegh LNG's interests in threefloating storage and regasificationunits.

The new GasLog corporate entity will be called GasLogPartners LP.

"The number of common unitsto be offered and the price rangefor the offering have not yet beendetermined. Application will bemade to list the common units ofthe MLP on the New York Stock Ex-change under the symbol "GLOP."

"The company intends to con-tribute three of its existing LNG

carriers with multi-year chartersto the MLP and expects to retain aportion of the MLP's commonunits, as well as all of the MLP'ssubordinated units, general part-ner interest and incentive distri-bution rights.

The proceeds of the IPO areexpected to be used principally toreduce debts, GasLog said.

However, GasLog added that thecompletion of the IPO was still sub-ject to further authorization of theboard of directors, as well as com-pletion of the SEC review process.

The offering is being madeonly by means of a prospectusavailable from US investmentbank Citigroup.

Monaco-based LNG fleet operator GasLog followsHegh LNG on partnership route GasLog Ltd. the Monaco-based LNG carrier fleet owner and operator listed on the New York Stock Exchange, has

filed with the US Securities and Exchange Commission for an initial public offering to investors of shares in a

Master Limited Partnership.

GasLog Shanghai, a 155,000 cbm vessel delivered last January.


Lloyds Register previously conducted an LNG bunkering Infrastructure Study in 2011, and the number of ports taking an interest in LNG bunkering byparticipating in the survey, hasincreased since then.

Of 22 ports surveyed, aboutseven plan on using LNG bunkerbarges to bunker a range of vessels.

The ports considered contain-erships, passenger roro, and portsupport vessels the best ship typesfor LNG bunkering. Other shiptypes seen as bunkering candi-dates included bulk carrier,tankers, port support vessels andpassenger cruise vessels.

Around 59 percent of ports sur-veyed already had specific plansfor LNG bunkering infrastructure,the survey found.

The barge at berth configura-tion currently popular for tradi-tional oil bunkering waspreferred as an LNG bunkeringmethod over other bunkeringmethods such as using a fixedpipeline, or having the ship to bebunkered come in to a bunkeringberth.

A majority of ports generallythink LNG will be a viable deep-sea bunker fuel within the next3-10 years. By 2020 key Euro-pean ports will be able to sup-port deep sea bunkeringoperations.

The vast majority of ports are

planning to source their LNG sup-plies from onshore gas terminals,while a minority, about six ports,do not know where they will getthe LNG yet. About ten ports planon storing the LNG on land storagetanks, while one will use an FSRU.

A proportion of those surveyedsaid they planned on having anLNG bunker market equivalent toaround 24 percent of the totalbunkering volume at the port.

Around 12 expect the safety of bunkering operations to be regulated by local and state requirements.

A minority of ports, 41 per-cent, said they would look to external bodies to regulatebunkering companies rather thanenforcing their own guidelines.There was near unanimous agree-ment among ports that landsafety requirements need to be harmonised.

Market forces driver inLNG bunkering uptakeLloyds Register said: Shipownerdemand, unsurprisingly, remainsthe biggest driver from the portsperspective but availability of LNGinfrastructure has risen from beingconsidered a low priority to thesecond most important driverafter demand. Pricing is third.Most ports surveyed are in theNorth American and Europeanemission Control Areas (ECAs).

Latifat Ajala, Lloyds Registers

senior market analyst said, Tradi-tional bunkering ports will need tobe able to offer gas just as theyoffer the traditional choice of fueloil or distillates today. Most LNGfuelled projects seen so far arevery short haul, point to pointtrades where the operator can se-cure and control gas supply re-gardless of the global bunkeringmarkets inability to supply LNG.But gas can only really take off ifsupply is more like orthodoxbunkering arrangements.

Luis Benito, Lloyds Registersglobal marketing manager saysthe survey shows ports are pre-pared to bunker LNG on conditionthat they can get the LNG inex-pensively. Ports want to be gascapable and they are planningfor a gas fuelled future. It seems

the obvious challenge is availabil-ity at a competitive price. Willgas markets provide fuel thatshipowners will buy? We believethat ports can make LNG avail-able safely but at what price?Thats what everybody wants to know.

Seven ports plan on using LNG bunker barges, finds LR The latest Lloyds Register survey focussing on bunkering in selected European and American ports, LNG

Bunkering Infrastrucure Survey 2014, found that 33 percent expect to use LNG bunker barges. LNG bunkering

operations will begin in the next 5 years for 76 percent of the ports.

List of ports with an LNG bunkeringagenda:

Amsterdam Brunsbttel Busan Copenhagen Frederikshavn Gijon Gothenburg Hamburg Le Havre Igoumenitsa Long Beach Los Angeles New York Piraeus Portsmouth Singapore Southampton Stockholm Tenerife Vancouver Yokohama Zeebrugge

GTT marketing Mark V, LNG cargo /bunkering fuel tank

Mark V is now being marketed foruse in LNG carriers to be con-structed in 2016 and delivered in2018. It can also be used in otherkinds of vessels as a fuel tank, forexample those operating in newEuropean and American sulfur-emissions control areas (ECAs).

The Mark V tank uses a differ-ent secondary membrane from itspredecessor. Made of welded, cor-rugated Invar, it will make shipyardinstallation less complicated.

Mark III uses a layer of alu-minum between two layers ofglass cloth and resin.

GTTs communications managerEstelle Vidal said, This main dif-ference on the design will impactthe erection procedure of the sys-tem. With Mark V, specific skills likebonding are not required to ensurethe erection of the system.

Like Mark III, the system incor-

porates solutions for a low, rela-tively flexible daily LNG cargo boiloff rate (BOR), at a guaranteed 0.09percent of cargo volume per day.

These systems are designed toequip the next generation of LNGcarriers featuring more efficientpropulsion systems and hulls re-sulting in an excess of boil-off gasto fuel propulsion needs.

High efficiency propulsion sys-tems include slow speed systemslike MANs MEGI and Warsila's RT-FLex50DF.

MarketsGTT is the market leader for LNGcarrier cargo tanks, and the LNGbunkering fuel tank market is arelatively new addition to its LNG-tank offerings for FPSOs, FSRUs aswell as onshore storage tanks.

Last month GTT presented theMark V system at Gastech and an-

nounced new developments in itsfuel-tank related services. Themanufacturer is currently expand-ing the group's range of servicesfor the LNG transportation andstorage sector.

GTT is marketing LNG carrierdesigns incorporating its newcargo/fuel tanks for new LNGshipping markets like regional dis-tribution, coastal trade, majorrivers.

Such vessels may be operatedby satellite terminals, industrialusers, and LNG bunker station operators.

French LNG tank manufacturer GTT explained its new LNG cargo/fuel tank, Mark V,

launched last year, is an updated version of its market-leading Mark III system that

has been designed for an optimization of the construction process and cost.

GTTs LNG-as-fuel training toopen in JuneAs part of its LNG tank, smalland mid-scale product expan-sion, GTT is hosting a new setof training courses at a newtraining centre in its headquar-ters near Paris, at Saint-Rmy-ls-Chevreuse.

The first courses will startat the end of June, focusing onthe training required for shipofficers on LNG Carriers, andthe practical aspects to beconsidered when using LNG asa fuel.

GTT is already includingtraining at the centre and useof the hotline available to takequeries at all hours of the dayin service agreements for LNGshipowners.

The training centre willoffer a portfolio of coursescovering LNG handling opera-tions in the maritime and shorebased sectors.

Courses will be taught by ex-perienced mariners. The centreis equipped with an LNG opera-tion simulator, and equipmentused in training will includeGTTs technologies as well asother relevant technologies.

GTT already hosts moregeneral courses on LNG cargo tank management forshipowners, classification societies, repair shipyards, gas companies.

Mark V fuel/cargo tank

TGE Marine to supply LNG fuel systems forAmerican con-ro vessels, oil tanker

TGE Marine won a set of contractsconcerning fuel tanks for con-rovessels, called El Coqu and Tano,for delivery in 2017. The orderwas contracted by US shipperCrowley Maritime Corporationwith US tug-and-ferry shipyardHalter Marine Shipyard and Ger-man dual-fuel engine supplier MANDiesel & Turbo.

Running on LNG as their pri-mary fuel, the vessels outfittedwith C-class LNG fuel systems willoffer a 38 percent reduction inCO2 emissions per container ascompared with existing fossilfuels, said Crowley Marine. Thevessels will be operated on a routeserving Puerto Rico.

Each con-ro vessel will havethree 770 cubic metre vacuum in-sulated LNG storage tanks. The

system will feature high pres-sure/low pressure pumps, BOG-compressors, vaporizers, utilityand safety system as well as acontrol and alarm board.

TGE Marine also received aseparate order of an LNG fuel sys-tem for an oil tanker with an un-named client contracted bydual-fuel engine supplier withRolls-Royce Marine. Each tank willbe vacuum insulated, have 150cubic metre capacity, and includegas processing equipment to sendnatural gas to the main engine.

Far East, European market potentialHaving signed three further con-tracts for high pressure and lowpressure LNG fuel gas systems insuch a short period of time proves

our ambition to become one ofthe leading contractors formedium to large size LNG fuel gaspackages, commented TGE Ma-rines CEO, Manfred Kver.

We receive more and moreenquiries from the US, Europeanand the Far East market for dif-ferent kinds of merchant vesselsand believe that, with severalannouncements to invest in theLNG infrastructure for bunkering,this market will gain further momentum.

Illustration of LNG-bunkered co-ro vessel

TGE Marine said that it signed contracts for design of LNG fuel gas packages

destined for a converted oil tanker and also two American con-ro vessels, which

functionally combine a roll-on/roll-off and a container vessel.

Upcoming TrainingSessions on GeneralMembrane contain-ment systems:

2nd session: 19 to 23 May 2014

3rd session: 22 to 26 September 2014

4th session: 17 to 21 November 2014


17 April 2014 LNG Shipping News NEWS 7

DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas

injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unit

Golar Bear Samsung TZ Mk. III DFDE 160000 Q1-14 Golar LNG 2027 WilhelmsenGolar

Clean Ocean Hyundai Heavy TZ Mk. III DFDE 162000 Q1-14 Dynagas 2558 Dynagas

Corcovado DSME GT NO 96 DFDE 159760 Q2-14 Cardiff 2297 Cardiff Gas

Independence Hyundai Heavy TZ Mk. III DFDE 170000 Q2-14 Indonesia FSRU Hegh LNG 2548 Hegh LNG

PGN FSRU Lampung Hyundai Heavy TZ Mk. III Azipod 170000 Q2-14 Lithuania FSRU Hegh LNG 2549 Hegh LNG

Maran Gas Posidonia Hyundai Samho TZ Mk. III DFDE 164000 Q2-14 BG Portfolio Nakilat / Maran S625 Anangel Gas Maritime (60%)

Experience DSME GT NO 96 DFDE 173400 Q2-14 Petrobras VT3 Excelerate Energy 2402 TBD

Golar Crystal Samsung TZ Mk. III DFDE 160000 Q2-14 Golar LNG 2022 WilhelmsenGolar

Maran Gas Efessos DSME GT NO 96 DFDE 159400 Q2-14 BG Portfolio Nakilat / 2291 Anangel Maran Gas Maritime (60%)

Kita DSME GT NO 96 DFDE 159760 Q2-14 Cardiff 2298 Cardiff Gas

Gaslog NB-6 Samsung TZ Mk. III DFDE 155000 Q2-14 Shell Portfolio GasLog 2042 CERES

Newen Hyundai Heavy TZ Mk. III Azipod 170000 Q2-14 Colburn LNG FSRU Hegh LNG 2550 Hegh LNG

Golar Penguin Samsung TZ Mk. III DFDE 160000 Q2-14 Golar LNG 2023 WilhelmsenGolar

Asia Vision Samsung TZ Mk. III DFDE 160000 Q2-14 Chevron Portfolio Chevron 1920 Chevron Shipping

Golar Frost Samsung TZ Mk. III DFDE 160000 Q2-14 Golar LNG 2055 WilhelmsenGolar

SCF Pskov STX O&S GT NO 96 DFDE 170200 Q3-14 Gazprom Portfolio Sovcomflot 1911 Sovcomflot

Clean Planet Hyundai Heavy TZ Mk. III DFDE 162000 Q3-14 Dynagas 2565 Dynagas

Adam Hyundai Heavy TZ Mk. III DFDE 162000 Q3-14 Oman LNG 2584 Oman Shipping

Golar Glacier Hyundai Samho TZ Mk. III DFDE 162000 Q3-14 Golar LNG S658 WilhelmsenGolar

Palu DSME GT NO 96 DFDE 159760 Q3-14 Cardiff 2400 Cardiff Gas

Asia Energy Samsung TZ Mk. III DFDE 160000 Q3-14 Chevron Portfolio Chevron 1921 Chevron Shipping

Chubu NB-2 Mitsubishi H.I. Moss STRH 153000 Q3-14 Chubu Electric Mitsui Osk / Mitsubishi 2297 MOL

Golar Snow Samsung TZ Mk. III DFDE 160000 Q3-14 Golar LNG 2047 WilhelmsenGolar

Cool Explorer Samsung TZ Mk. III DFDE 160000 Q4-14 Thenamaris 2049 Bernard Schulte

Gaslog NB-7 Samsung TZ Mk. III DFDE 155000 Q4-14 Gaslog 2043 CERES

Osaka Gas NB-1 Mitsubishi H.I. Moss STRH 153000 Q4-14 Osaka Gas Mitsui OSK / Osaka Gas 2295 MOL

TEPCO NB-1 Mitsubishi H.I. Moss STRH 145500 Q4-14 TEPCO NYK 2289 NYK

Amani Hyundai Heavy TZ Mk. III DFDE 154800 Q4-14 Brunei Fleet Brunei Gas Carriers 2606 STASCO

Golar Kelvin Hyundai Samho TZ Mk. III DFDE 162000 Q4-14 Golar LNG S659 WilhelmsenGolar

Yari DSME GT NO 96 DFDE 159760 Q4-14 Cardiff 2401 Cardiff Gas

Golar Ice Samsung TZ Mk. III DFDE 160000 Q4-14 Golar LNG 2048 WilhelmsenGolar

Golar Eskimo Samsung TZ Mk. III DFDE 160000 Q4-14 Jordan FSRU Golar LNG 2024 WilhelmsenGolar

BW Gas NB-1 Hyundai Heavy TZ Mk. III DFDE 161880 Q1-15 BW Gas 2571 BW

Gaslog NB-8 Samsung TZ Mk. III DFDE 155000 Q1-15 Gaslog 2044 CERES

Dynacom NB-6 Hyundai Heavy TZ Mk. III DFDE 162000 Q1-15 Dynagas 2566 Dynagas

Papua Hudong Membrane SSD 170000 Q1-15 PNG / Gorgon Mitsui OSK H1670A MOL

Chevron NB-3 Samsung TZ Mk. III DFDE 160000 Q1-15 Chevron Portfolio Chevron 1941 Chevron Shipping

BW Malacca (NB-2) Hyundai Heavy TZ Mk. III DFDE 161880 Q1-15 BW Gas 2572 BW

Chubu NB-3 Mitsubishi H.I. Moss STRH 153000 Q1-15 Chubu Electric NYK 2298 NYK

Maran Gas Lindos DSME GT NO 96 DFDE 159400 Q1-15 BG Portfolio MaranGas 2292 Anangel

Maran Gas Sparta Hyundai Samho TZ Mk. III DFDE 164000 Q1-15 BG Portfolio MaranGas S626 Anangel

Hoegh NB-4 FSRU Hyundai Heavy TZ Mk. III Azipod 170000 Q1-15 Hegh LNG 2251 Hegh LNG

Maran Gas Mistras DSME GT NO 96 DFDE 159400 Q2-15 BG Portfolio MaranGas 2405 Anangel

Clean Vision Hyundai Heavy TZ Mk. III DFDE 162000 Q2-15 Dynagas 2567 Dynagas

Osaka Gas NB-2 Mitsubishi H.I. Moss STRH 153000 Q2-15 Osaka Gas Mitsui OSK / Osaka Gas 2296 MOL

SCF Mitre STX O&S GT NO 96 DFDE 170200 Q2-15 Shell Portfolio Sovcomflot 1913 Sovcomflot

Maran Gas Alexandria Hyundai Samho TZ Mk. III DFDE 164000 Q2-15 BG Portfolio MaranGas S627 Anangel

MOL PNG NB-2 Hudong Membrane SSD 170000 Q2-15 PNG / Gorgon Mitsui OSK H1671A MOL



Brunei NB-2 Hyundai Heavy TZ Mk. III DFDE 154800 Q2-15 Brunei Fleet Brunei Gas Carriers 2607 STASCO

Petronas FLNG NB DSME GT NO 96 FLNG 180000 Q2-15 Petronas FLNG Petronas 6302 TBD

Maran NB-13 Hyundai Samho TZ Mk. III DFDE 164000 Q3-15 BG Portfolio MaranGas S688 Anangel

Maran Gas Troy DSME GT NO 96 DFDE 159400 Q3-15 BG Portfolio MaranGas 2406 Anangel

SCF Melampus STX O&S GT NO 96 DFDE 170200 Q3-15 Shell Portfolio Sovcomflot 1912 Sovcomflot

TBN NB-1 STX O&S GT NO 96 DFDE 160000 Q3-15 TBN (x-Alpha) 1670 TBD

THE WORLDS NEWEST LNG CARRIERSName Yard Design Prop. CBM Delivery Trade Route Ship Owner Hull Operator


BW Gas NB-3 FSRU Samsung Membrane DFDE 170000 Q4-15 BW Gas 2074 BW

NLNG NB-1 Samsung TZ Mk. III DFDE 170000 Q4-15 Nigeria LNG Bonny Gas Transport 2076 BGT

NLNG NB-2 Hyundai Heavy TZ Mk. III DFDE 170000 Q4-15 Nigeria LNG Bonny Gas Transport 2636 BGT


Golar Tundra Samsung TZ Mk. III DFDE 170000 Q4-15 Gas Atacama FSRU Golar LNG 2056 WilhelmsenGolar



Chubu NB-1 Kawasaki Moss STRH 164700 Q4-15 Chubu Electric K-Line 1713 K-Line

Shell NB-1 Samsung Membrane FLNG 225000 Q1-16 Shell FLNG Shell 2030 STASCO

Sinopec NB-1 Hudong Membrane DFDE 174000 Q1-16 APLNG China Shipping H1715A TBDGroup / Mitsui OSK


Maria Energy Hyundai Heavy TZ Mk. III DFDE 170000 Q1-16 Tsakos 2612 TBD


Maran NB-16 DSME GT NO 96 DFDE 170000 Q1-16 BG Portfolio MaranGas 2412 Anangel

Kansai NB-1 Kawasaki Moss STRH 164700 Q1-16 Kansai Kansai / Mitsui OSK 1712 MOL


TBN NB-2 STX O&S GT NO 96 DFDE 170000 Q1-16 TBN (x-Alpha) 1671 TBD

Teekay NB-1 DSME GT NO 96 MEGI 173400 Q1-16 Cheniere Teekay LNG 2407 Teekay LNG

NLNG NB-5 Hyundai Heavy TZ Mk. III DFDE 170000 Q2-16 Nigeria LNG Bonny Gas Transport 2637 BGT



Teekay NB-2 DSME GT NO 96 MEGI 173400 Q2-16 Cheniere Teekay LNG 2408 Teekay LNG

Teekay NB-4 DSME GT NO 96 MEGI 173400 Q3-16 Teekay LNG 2417 Teekay LNG


Gaslog NB-10 Samsung TZ Mk. III DFDE 173400 Q3-16 BG Portfolio Gaslog 2072 CERES

Teekay NB-3 DSME GT NO 96 MEGI 173400 Q3-16 Teekay LNG 2416 Teekay LNG

Maran NB-17 DSME GT NO 96 DFDE 170000 Q3-16 BG Portfolio MaranGas 2413 Anangel


Uruguay FSRU DSME GT NO 96 DFDE 263000 Q3-16 Uruguay FSRU Mitsui OSK TBN MOL


BW Gas NB-4 FSRU Samsung Membrane DFDE 170000 Q4-16 BW Gas 0 BW

Petronas NB-2 Hyundai Heavy Moss STRH 150000 Q4-16 Petronas 2730 MISC


Ichtys NB-1 Kawasaki Moss DFDE 182000 Q4-16 Ichtys LNG K-Line 1718 K-Line

Inpex NB-1 Mitsubishi H.I. Moss STRH 155300 Q4-16 Ichtys LNG K-Line / Inpex 2310 K-Line


SK Marubeni NB-2 Samsung TZ Mk. III DFDE 180000 Q4-16 Total Portfolio SK Shipping / Marubeni 2081 SK Shipping



SK Marubeni NB-1 Samsung TZ Mk. III DFDE 180000 Q1-17 Ichtys LNG SK Shipping / Marubeni 2080 SK Shipping


Flex NB-1 Samsung TZ Mk. III DFDE 174000 Q1-17 Flex LNG TBN TBD

Teekay NB-5 DSME GT NO 96 MEGI 173400 Q1-17 Teekay LNG TBN Teekay LNG

Flex NB-2 Samsung TZ Mk. III DFDE 174000 Q1-17 Flex LNG TBN TBD

Kansai NB-2 Mitsubishi H.I. Moss STRH 155300 Q2-17 Kansai Kansai / Mitsui OSK 2299 MOL

Osaka Gas NB-3 Mitsubishi H.I. Moss STRH 153000 Q2-17 Osaka Gas Mitsui OSK / Osaka 2311 MOLGas / Kyushu




Name Yard Design Prop. CBM Delivery Trade Route Ship Owner Hull Operator


DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas

injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unit

WHETHER YOURE EXPLORING, DRILLING, PRODUCING, PROCESSING, TRANSPORTING, STORING, OR USING CHOOSE AN LNG PARTNER THAT

KNOWS WHAT THEYRE DOING

Weve got products, solutions and services for all phases of the lifecycle of the oil &gas process. Theyre each designed to increase your efficiency and protability, while ensuring environmental compliance. As the market leader in multi-fuel applications and engineering, our track record is in a class of its own. Read more about what we have to offer your business at www.wartsila.com

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Lng Shipping News April 17