LNG Shipping News AN LNG JOURNAL TITLE ON LNG CARRIERS 6 August 2020

SHIPPING US extends LNG export NEWS period to 2050 AGENDA MARKETING In a move to boost US investment in LNG exports, the period allowed when gas can be shipped to non-free trade agreement (non-FTA) countries will be extended through 2050.

This was confirmed in a speech originally aired in a proposed given by US President Trump in policy statement that was issued Texas. It will replace the present for public notice and comment More FSRUs US Government position of grant- on 11th February, 2020. In this needed 2 ing 20-year export terms. final policy statement, DOE has Freeport delays “This policy to utilise export responded to the comments re- 3 terms through 2050 is the latest ceived and finalised the earlier US Secretary of Energy, BUSINESS of several measures DOE, under proposal. Dan Brouillette President Trump, has taken to sup- Golar in Brazil port US LNG exports and the bene- Applications allowed part of a department that is mak- MoU 3 fits they bring both to the US and This move will allow existing non- ing sure these benefits can con- Ecuador import to our allies around the world,” FTA authorisation holders to apply tinue for the American people for terminal 3 said US Secretary of Energy Dan to extend their export term the long term.” Philippine STS Brouillette, who was with Presi- through 2050 and would also allow “Especially in these times of resumes dent Trump when he made the existing applicants to amend their uncertainty, this policy will provide 5 announcement. pending non-FTA applications to further regulatory certainty for US FINANCE “Just this year, LNG exports request an export term to the exporters competing for market GTT sees revenue from the US will reduce our trade same year. share around the world,” said US hike 6 deficit by over $10 bill. Further- “The growth of US LNG exports Assistant Secretary for Fossil En- more, LNG exports in the US are over the last few years has rede- ergy, Steven Winberg. “Importing TECHNOLOGY providing tens of thousands of jobs fined the global energy landscape, US LNG makes sense from an eco- and have led to the investment of with exports more than quadru- nomic and environmental perspec- Silverstream’s LNGC billions of dollars in infrastruc- pling during the Trump Administra- tive for countries looking to have success 8 ture. This Administration is follow- tion,” said US Under Secretary of reliable, low-emissions energy sup- 3D model approval ing through on our commitment to Energy, Mark Menezes. “These ex- plies. With this policy, US exporters 8 make US LNG - a long-term, reli- ports are creating thousands of will be better positioned to meet able, cleaner-burning energy jobs and enormous opportunity long-term global demand.” source - available to the world,” here at home, while increasing The final policy statement was he said. US LNG competitiveness in the signed for issuance in the US Fed- The 2050 term extension was global market. I am proud to be eral Register. n

NEWS Bechtel is the engineering, accommodate LNGCs with capac- NUDGE procurement & construction ities of between 125,000 and First LNGC X-DF (EPC) contractor for the Train 6 180,000 cu m. engines overhauled 9 Great Lakes to dredge and third berth expansion pro- Great Lakes had previously Sabine Pass expansion jects at the Sabine Pass liquefac- worked as a Bechtel sub-con- LNG ORDERBOOK project tion project for subsidiaries of tractor on the Australian Wheat- Great Lakes Dredge & Dock Corp Cheniere Energy Partners. stone LNG project and was also LNG carrier orderbook has signed a sub-contract with The LNG terminals’ expansion employed by another subsidiary 11 Bechtel Oil, Gas and Chemicals project consists of adding a third of Cheniere on the Corpus to dredge the Sabine Pass expan- marine berth with supporting Christi LNG export terminal LNG small scale fleet sion project. facilities. It will be built to project. n 14 2 l NEWS LNG Shipping News 6 August 2020 Sinopec seeks FSRU numbers to increase long-term More FSRUs could be needed, as there are about 45 LNG-to-power projects LNG deals proposed worldwide, a recent webinar said. China Petroleum & Chemical “There are good prospects for Coast, Ghana and Nigeria, have for much of the financing in the Corp (Sinopec) is seeking the further growth,” Poten’s Melanie plans for LNG projects. However, developing economies, working delivery of LNG over a 10-year Lovatt said in one of the regular High West African Gas Pipeline closely with governments. How- period. LNG webinars, explaining that (WAGP) tariffs are making progress ever, commercial banks could This move has been initiated there were a large number of slow, coupled with COVID-19. struggle with the risks involved. to take advantage of the cur- countries looking to employ FSRUs In the Lebanon, Qatar She explained that five or six rent low prices, as gas demand on the back of power projects. Petroleum, working with ENI, has years ago, these projects were has fallen due to the coron- In general, the financing of been selected as a potential bid- ‘flavour of the month’ and today, avirus pandemic. these units is undertaking by the der for a project and there could ….”we are currently back in an- Sinopec was said to be ask- shipowner who then charters the be at least three FSRUs placed in other cycle when a lot of interest ing for 1 mill tonnes of LNG per units out. The peak of this activity different locations around the is being shown again,” she said. year for delivery over 10 years was seen in 2018, while 2020 country’s coastline. However, due to the low gas starting from 2023, industry was thus far characterised by re- Egypt, India, Pakistan, and oil prices, there is much un- sources told Reuters. financing, Lovatt said. However, Bangladesh and Sri Lanka all have certainty as to how and if these Offers were due by last there could be more conversion projects that are either using projects are going to pan out. One week and will remain valid until work financing needed in the near FSRUs or have included their use problem is that the land-based in- mid-August. future, she thought. in their plans. frastructure is often not ready to Asian spot LNG prices LNG- Many of the large LNG-to- In Asia/Pacific, projects are accommodate the FSRU, as this AS, which buyers are increas- power projects’ funding is centred being planned in Vietnam, The takes longer and is more costly to ingly using as a gauge to on Brazil with Golar Power in the Philippines, New Caledonia, construct. negotiate their long-term con- vanguard (see page 3). Malaysia, Myanmar, Thailand and An FSRU is the easy part, it was tracts, are hovering at near There are at least three poten- Australia, among others. explained, as a conversion can be record lows. tial FSRU projects in South Africa, undertaken in as little as six In addition, prices of long- including Matola Bay, Maputo, Foreign investments months, while a newbuilding could term contracts that are typically Mozambique, which is targeting Many of these proposed projects be completed in around 18 priced on Brent are also being sales to South Africa via a pipeline. will hinge on domestic govern- months, if the equipment has negotiated at lower levels. The other two are at Coega, Port ment policies, while the question already been pre-ordered. “Expectations for long-term Elizabeth and Transet’s LNG facil- of funding in emerging markets Poten thought that more TFDE demand are still bullish so it’s a ity in Richards Bay. Saldhana Bay will often depend on foreign in- type LNGCs could be earmarked good time to buy long-term car- could also be developed in the vestments, Poten’s Wong Kit Ling for conversion projects, as they goes,” a Beijing-based source future, Lovatt said. explained. had been superseded by the more said. “It’s the lowest price As for West Africa, Benin, Ivory Development banks will cater economic WinGD X-DF and MAN range now and so is a good time MEGI propulsion units. to discuss long-term deals.” In general, each project involv- Sinopec is also looking for US ing an FSRU faces unique demand cargoes, as part of the tender aggregation challenges. There is requirement, another source no ‘one size fits all’ anywhere in said. the world, the speakers warned. The company had been in Since the first unit entered discussions with Cheniere En- service in 2005, there are now ergy to sign a 20-year deal but around 38 FSRUs on the water, Reuters reported earlier this plus another six on order of which year that both companies had four were already committed to planned to review the terms of projects, while the remaining the deal after a sharp drop in two were thus far uncommitted, prices. n More FSRUs could be needed for various projects Poten said. n

No part of this publication may be LNG Shipping News Editor Subscriptions reproduced or stored in any form by any 2 Prospect Road Ian Cochran Stephan Venter mechanical, electronic, photocopying, St Albans AL1 2AX +44 (0)7748 144265 Tel: +44 (0) 20 7253 2700 recording or any other means without the prior written consent of the publisher. United Kingdom [email protected] [email protected] Whilst the information and articles in LNG www.lngjournal.com Shipping News are published in good faith and every effort is made to check accuracy, Tel: +44 (0)20 7253 2700 Ad sales enquiries Production readers should verify facts and statements Narges Jodeyri Vivian Chee direct with official sources before acting on them as the publisher can accept no Publisher +44 (0)20 7017 3406 Tel: +44 (0) 20 8995 5540 responsibility in this respect. Any opinions Stuart Fryer [email protected] [email protected] expressed in this publication should not be construed as those of the publisher.” 6 August 2020 LNG Shipping News NEWS l 3

Golar Power signs MoU for Brazilian Freeport Train LNG terminal 4 to be delayed Golar Power Limited has signed a Memorandum of Understanding (MoU) with Norsk Freeport LNG Development Hydro to develop northern Brazil’s first LNG terminal. has asked the US Federal En- ergy Regulatory Commission This project will enable LNG to be Golar Power CEO, Eduardo which can be achieved by global (FERC) for a three-year exten- supplied to Norsk Hydro’s Alunorte Antonello, commented: “We are industry and mining companies sion to complete its planned refinery located close to the Vila delighted to be helping Norsk by transitioning their energy Train 4. do Conde Port in the Municipality Hydro achieve its ambitious global sourcing to LNG. This trend cre- In a filing, the company of Barcarena, in the Brazilian sustainability goal of reducing CO2 ates a massive opportunity for requested an extension to 17th State of Pará. emissions by 30% by 2030, and at Golar Power to replicate the May, 2026. Alunorte will also be the first the same time contributing to a initiative in different countries Train 4 was originally sched- operational customer for the Bar- significant reduction in energy over the years to come,” he uled for completion by 17th carena FSRU that Golar Power prices and environmental emis- concluded. May, 2023. However, construc- plans to bring into operation dur- sions within the entire North John Thuestad, Hydro Bauxite tion has not started and it will ing the first half of 2022. Region of Brazil. and Alumina Vice President, take at least 42 months to Concluding final agreements “The project should have the added: “Hydro is committed to complete, Freeport told FERC. with Norsk Hydro will therefore be potential to significantly reduce sustainable best practices and we Meeting the original deadline an important step toward a final energy costs, support environmen- consistently invest in solutions to was not possible, the company investment decision (FID) within tally responsible and sustainable reduce our impact and bring ben- said. the next four to six months, Golar industrial growth throughout this efits to neighbouring communi- “Additionally, the current said. immense region, and facilitate the ties, as well as foster responsible worldwide economic climate Once built, the LNG terminal unlocking of its unique natural re- industrial development. This LNG and depressed global LNG will supply gas to Alunorte and source endowment and economic project will help make our opera- prices resulting from the coro- also to the Centrais Elétricas Bar- potential. tion more sustainable and will navirus pandemic make it chal- carena 605 MW thermal power “Golar Power estimates a facilitate access to cleaner burn- lenging to complete long-term plant, which is a subsidiary of potential for replacing approxi- ing natural gas for other indus- contracts with potential cus- Golar Power, previously con- mately 1.8 mill tonnes of LNG tries and consumers in the state tomers, resulting in associated tracted under a 25-year PPA. equivalents per annum of LPG, of Pará.” delays for LNG projects in the diesel, fuel oil, and coal with the The planned transition from US and around the world,” the Distribution network terminal – creating the foundation heavy fuel oil to LNG will not only company said in the filing. Golar Power said that it also ex- for a broader transition away from underpin the long-term future of It was also reported that pected to operate a comprehen- carbon-intensive energy sources in the Alunorte facility and the many last May, Freeport had con- sive LNG distribution network the region. thousands of jobs that it supports, tracted KBR to handle Train across Pará state and the region. “The reduction in LNG prices but it will also be an important 4’s engineering, procurement, This LNG supply chain will cover we have seen in recent years has springboard for the rapid start-up construction (EPC) and com- an area larger than Eastern Eu- significantly increased LNG’s rela- of small-scale LNG distribution missioning at Quintana Island, rope and consist of thousands of tive competitive position, not operations. Texas. kilometres of river and road trans- only versus diesel and fuel oil, Golar Power is a joint venture However, last month, KBR portation systems, serving numer- but also now coal. The Norsk between between Golar LNG announced that it was quitting ous industrial, commercial, and Hydro project illustrates the eco- and Stonepeak Infrastructure the LNG EPC business to focus transportation customers. nomic and environmental benefits Partners. n on government contracts and technology businesses. As a result, Freeport LNG has to hold another tender for First Ecuadorian FSRU import terminal the EPC contract and this had US engineering company, Sycar is working with an undisclosed LNG Trading firm to resulted in “additional uncer- develop an LNG import terminal in Ecuador. tainty,” it said. Freeport LNG’s three oper- This project includes port facili- for Bajo Alto in El Oro Province Ecuadorian Under-secretary of ating trains are able to pro- ties for the berthing of an a FSRU near the existing Thermo Gas Ports, as well as the FSRU opera- duce a total 15 mill tonnes of to supply LNG to an existing Machala Power Plant. The loca- tion approval from the Secretary LNG per year. The fourth train, power plant and an LNG truck tion, offers water depths of up to for the Regulation and Control of once completed, would add an filling station. 36 ft and it is sheltered being in Hydrocarbons. additional 5 mill tonnes per It is also intended to introduce inland waters. Sycar said it was now in the year to the mix. natural gas to the Ecuadorian en- This location was assessed process of environmental licens- Constructing the first three ergy matrix as a first phase with from a maritime perspective ing, which is expected to be trains took five and a half an onshore LNG storage terminal. and the project has been granted by the fourth quarter years at a cost of $13.5 bill, The project is being developed awarded a concession from the of this year. n the company said. n LNG Solutions for the Marine Industry

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www.ChartLNG.com [email protected] 6 August 2020 LNG Shipping News NEWS l 5 Mexico’s Pacific project awaits permitting Mexico’s IEnova is confident of securing a government permit this year to allow a final investment decision (FID) to be taken on its planned Energia Costa Azul LNG liquefaction project.

The company, the Mexican-based a FID for Energia Costa Azul, to be port terminal. It will also be the ple, during 2Q20, IEnova executed subsidiary of US utility Sempra located on Mexico’s Pacific coast, first permit to be granted for 20 sale-and-purchase agreements Energy, is working closely with the in the first quarter of the year, but years, Alexandra Violante, Investor (SPAs) with Total and Mitsui & Co authorities as they evaluate the the coronavirus pandemic caused Relations Officer, told S&P Global that, together with the import merits of the permit, the company government offices to shut thus Platts following the call. permit, are key to reaching FID, said during its 2Q20 earnings con- halting all permit processing. It was believed that the LNG Ortiz Mena said. ference call. The company, which operates will probably be exported to Asia IEnova had signed heads of "We are quite confident that storage terminals around Mexico, and Europe. The Asian route from agreement (HoAs) with Total, we are going to get it before the has one-year permits to export the Pacific Coast is shorter than Mitsui and Tokyo Gas for the full year ends," said Carlos Ruiz Sac- pipeline gas to the US. from the US Gulf Coast and avoids export capacity of Phase I of the ristan, Chairman of the board. Once built, Energia Costa Azul Panama Canal congestion and fees. project, which is expected to IEnova had expected to reach will be the country's first LNG ex- IEnova said that it had met all produce 2.4 mill tonnes per year the requirements and no major of LNG. issues were raised by the authori- Ruiz Sacristan also said that ties that were impossible to one of the offtakers had expressed address, CFO, Nelly Molina, con- interest in "acquiring equity" in firmed during the call. the project, without providing The company has also made details, which parent Sempra had progress on other requirements for successfully concluded with other n Sempra's Mexican subsidiary is to take FID on a liquefaction plant reaching FID this year. For exam- projects. Subic Bay STS operations Gorgon Train 2 to resume restart service LNG cargo ship-to-ship transfer (STS) operations have Chevron’s Gorgon LNG plant’s Train 2 is due to restart resumed in Subic Bay, Philippines. operations in early September after the completion of repairs. An LNGC arrived at the designated health safety should be a slot last weekend, but the crew paramount concern for both the Repair work is being carried out said. Train 2 is fitted with eight were not allowed to disembark in ship’s and port’s personnel. after a routine inspection during propane heat exchangers. strict observance of health proto- SBMA Seaport Manager, Jerome planned maintenance of the Australia’s Department of cols in this Freeport area. Martinez, said that the LNGC had train’s propane heat exchangers Mines, Industry Regulation and SBMA Chairman and Administra- arrived from Qatar and called at found weld quality issues, a Safety (DMIRS) has said that it tor, Wilma Eisma, said that the Hong Kong to pick up three Mooring Chevron spokesman told Reuters. planned to inspect the Gorgon agency had made it clear that the Masters before proceeding to Subic. The maintenance began on plant “as soon as possible,” fol- officers and crew of the 142,800 The ship is expected to stay at 23rd May and a restart was origi- lowing calls by a trade union for cu m LNGC ‘Methane Shirley Elisa- anchor until 15th August for the nally planned for 11th July. the plant’s closure. beth’, which arrived to transfer STS operations. Scheduled work has been com- The three-train Gorgon project LNG to smaller feeder ships, He said that aside from the 16 pleted but repairs were underway can produce 15.6 mill tonnes of would remain on board throughout Filipino crew, 15 other foreign na- on the exchangers, the spokesman LNG a year. n the two-week operation. tionals were on board the vessel - “No one from the ship can be nine Greeks, two Croatians, two allowed to come ashore, sadly not Ukrainians, a Romanian, and a even the 16 Filipinos among the Latvian. 31 crew members, because of the Martinez also said that upon health measures we must observe,” her arrival at the anchorage area she said in a statement. outside of the bay, a team from She added that the same policy the Bureau of Quarantine (BOQ) will be implemented for the crew immediately boarded the LNGC for members of the small-scale LNGCs health inspections and safety pro- that will tranship the LNG to Chi- tocols, and was followed by a team nese ports. from the Bureau of Customs (BoC) Eisma described the resump- and Bureau of Immigration (BoI). tion of LNG STS transfer opera- Following ‘Methane Shirley Elisa- tions in Subic as a “welcome boost beth’, the LNGC ‘Lerici’, was due to Gorgon's Train 2 is due back in service next month to the economy” but stressed that conduct an STS transfer at Subic.n 6 l NEWS LNG Shipping News 6 August 2020 GTT’s revenue and earnings up sharply LNG services provider GTT has reported a 66.2% rise in revenue to €203.8 mill and EBITDA up by 92.7% to €136.6 mill for the first half of this year.

The company received 18 orders decline in fuel prices and the de- long-term policy,” he said. (Zvezda) for the construction of for containment system designs for cline in new shipbuilding weighed LNGCs using GTT membrane tank - 12 LNGCs, two FSUs, one FSRU on the six-month period. However, Satisfactory level systems. In July, five Arc7 LNGCs, and three onshore storage tanks. GTT continues to explore and sup- With 12 orders for LNGCs booked equipped with GTT's membrane Commenting on the results, port all possibilities for the devel- during 1H20, GTT's core business containment system, were ordered. Philippe Berterottière, GTT Chair- opment of this activity, which is a activity now stands at a very satis- Several service and support con- man and CEO, said: "In a context positive contributor to sustainable factory level, particularly given tracts were signed - with CMA CGM, of health and economic crisis, the environmental improvement. In the situation (Covid-19 and lower Excelerate Energy, Knutsen and first half of 2020 was charac- this regard, in order to highlight energy prices) that is very un- more recently, Fleet Management. terised by sustained business the importance of environmental favourable to investment deci- As at 30th June, 2020, the or- activity. After two years of very factors in the Group's conduct, we sions, the company said. derbook, excluding LNG as fuel, strong activity, LNG carrier orders are now adopting a new base line All of the LNGCs will be stood at 135 units, while for LNG remain at satisfactory levels and for our logo: ’Technology for a equipped with GTT's recent tech- as fuel, the number of vessels in are accompanied by orders for Sustainable World’. nologies (Mark III Flex+, Mark III the orderbook stood at 18 units. floating units and onshore storage “From a financial perspective, Flex and NO96 GW). They will be GTT predicted revenues of tanks that demonstrate GTT's abil- revenue for 1H20 benefited from delivered between the beginning €832 mill over the 2020-2023 pe- ity to cover the entire LNG market the flow of orders over the last two of 2022 and the end of 2023. riod - €374 mill in 2020, €266 mill value chain. years and results were up sharply. The 1H20 also marked a diver- in 2021, €151 mill in 2022 and €41 “This level of activity is reas- As a result, considering the backlog sification in its orderbook winning mill in 2023. suring as to the dynamics of the in our orderbook and shipbuilding orders for an FSRU, FSUs and tank The company also confirmed LNG market and its long-term schedules, we are confirming our storage projects. its targets for the 2020 financial prospects. However, GTT keeps a outlook for revenues and EBITDA In addition, GTT signed a tech- year as being consolidated rev- special focus on developments in for the full 2020 financial year. nical assistance and license agree- enues of between €375 mill and the markets in which it operates. We are also proposing an interim ment (TALA) with the Russian yard €405 mill and consolidated EBITDA “In the field of LNG as fuel, the dividend of €2.50, in line with our Zvezda Shipbuilding Complex of around €235 mill to €255 mill.n NEWS for auxiliary power. Hyundai Heavy Industries will Qatar to host LNG2025 NUDGE They will join the eight ships construct two LNGCs for a It has been announced that Qatar is Orders and deliveries similar ships ordered in December, Bermuda-based owner, while to host LNG2025, the 21st LNG Inter- Smart LNG, the Sovcomflot-NO- 2019. Hyundai Samho Heavy Industries national Conference and Exhibition. VATEK joint venture, was thought Elsewhere, Samsung Heavy In- will build two for a European International Gas Union (IGU) to have ordered another 10 Arc7s. dustries (SHI) launched the first of company, Korea Shipbuilding said President, Prof Joe Kang, Chair- If this contract is confirmed, it three 174,000 cu m LNGCs, ‘Min- in a regulatory filing. man of the LNG Events Series will bring the number of LNGCs erva Kalymnos’, on 18th July. Steering Committee, made the ordered at Zvedza to 15. Building for Greek-controlled Nakilat takes another announcement following the con- Shell Tankers (Singapore) has Minerva Gas, the LNGC is fitted Q-Max in-house clusion of the process to decide signed long-term charter contracts with GTT’s Mark III Flex + contain- Nakilat took over the full ship- who would hold the event. for another six newbuilding ment system and 2-stroke X-DF management and operations of Q- Prof Kang, representing the LNGCs. propulsion units. Max LNGC ‘Al Samriya’ from Shell three owners of the event - the IGU, Similar to the earlier con- In addition, Flex LNG has taken Trading and Shipping Company the Gas Technology Institute (GTI), tracts, Shell was said to have delivery of its first newbuilding Limited (Shell) on 27th July, 2020. and the International Institute of signed separate deals with Knut- this year - the 174,000 cu m ‘Flex With a cargo carrying capacity Refrigeration (IIR) - said, “Qatar’s sen LNG, Korea Line Corp and Aurora’, which was handed over of 263,300 cu m, ‘Al Samriya’ is key role in the future of the global ICBC Financial Leasing and institu- by Hyundai Samho Heavy Indus- wholly-owned by Nakilat and LNG industry and the innovations tional investors advised by JP Mor- tries last week. chartered by Qatargas. She was it has proposed for LNG2025 made gan Asset Management, for two She is fitted with twin WinGD built by Daewoo Shipbuilding & it an ideal host for the world’s vessels each. low-pressure X-DF engines and a Marine Engineering (DSME) and premiere LNG industry event.” They will be of 174,000 cu m GTT Mark III Flex containment was delivered in February, 2009. This will be the second time capacity, will be built by Hyundai system. She is the fourth vessel to that Qatar will host the global Heavy Industries and Hyundai South Korea's shipbuilding con- come under the management of LNG event, following 2004, when Samho Heavy Industries and will glomerate, Korea Shipbuilding & Nakilat Shipping Qatar Ltd (NSQL) Doha hosted LNG 14. be fitted with dual-fuel X-DF Offshore Engineering, said that its this year, bringing the total num- The last event, LNG2019, was engines, boil-off management two affiliates had won contracts ber of vessels managed in-house held in Shanghai and the forth- plants, Silverstream air lubrica- to build four LNGCs for delivery to 23, comprising of 19 LNG and coming LNG2022 will be hosted in tion systems and shaft generators in 2023. 4 LPG carriers. St Petersburg, Russia. n In LNG, experience matters. Atlas Copco Gas and Process continuously innovates for the LNG industry. 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20-ACC-0290_ad_LNG Journal July_v2.indd 1 7/1/20 3:00 PM 8 l NEWS LNG Shipping News 6 August 2020 Witherby publishes LNGC ship vetting guidance SHI and ABS in Witherby Publishing Group has published ‘Ship Vetting 3D LNGC model and its Application to LNG, 2nd Edition’. approval This revised edition of SIGTTO’s dard by applying their inspection 2003 publication describes the and vetting systems to LNG ship- Samsung Heavy Industries (SHI) importance of the vetting of LNG ping, the publishers claimed. has established a 3D model- ships as a risk assessment tool. Iain Macneil, Witherby Publish- based ship design approval pro- It includes an overview of the ing Group’s CEO, commented: cess with American Bureau of trade of LNG by sea, covers tech- “LNG Shipping has developed Shipping (ABS). nical aspects of LNG ships relevant and grown significantly over the This was claimed to be one to vetting and describes the cur- last 20 years and Witherbys are of the difficulties for SHI’s digi- rent vessel clearance processes. pleased to be responding to these tal transformation strategy. The book also details the use of changes through releasing an up- Shipbuilders are required to the SIRE vessel inspection ques- dated edition of ‘Ship Vetting and obtain approval for ship de- tionnaire for assessing risk and its Application to LNG’. This new signs, including rule satisfac- includes up-to-date industry best release draws on information grams, and the valuable contribu- tion, safety verification, etc, practices and recommendations. learned from the oil industry and tion of prestigious LNG profession- from a class society. This second edition was revised passes it on to all concerned par- als paired with the up to date and As a result, SHI tied up by Capt Juan Pablo Presedo. It re- ties involved in vetting LNG ships.” pressing subject matter makes this with ABS to establish a new sponds to the need for charterers, Author Capt Presedo added: a vitally important read for all process to enable verification buyers, terminal operators and “Witherbys has been crucial in the those involved in ship vetting and and approval of designs based sellers to be able to assure them- release of the updated edition of the LNG industry.” on digital-type 3D models selves that the condition, opera- this specialised guide. The presen- This title is available online at without existing 2D paper tion and ownership of any ship tation of the information through www.witherbys.com and other drawings. The process will be used are of an acceptable stan- detailed charts, tables and dia- maritime book stockists. n applied to LNGCs to be built this year. Patrick Ryan, ABS Global Silverstream secures LNGC orders Engineering & Technology Vice UK-based clean technology company, Silverstream Technologies, is to fit its air President, said, "The imple- lubrication system (ALS) on board at least eight newbuilding LNGCs. mentation of the 3D model- based approval process has The vessels are under construction Noah Silberschmidt, CEO, commissioning our system on these proven that design, review and at Hyundai Heavy Industries and Silverstream Technologies, said: vessels – and delivering market- inspection can be done using Hyundai Samho Heavy Industries in “We are delighted to secure this leading efficiency savings once 3D instead of 2D. This digital South Korea. ground-breaking major order of they are in operation,” he said. innovation will lower the risk Four of the 174,000 cu m the Silverstream System. The sup- Last year, Silverstream an- of ship building and further im- LNGCs are owned by Knutsen LNG. port shown by the yard, owners, nounced that it had signed a prove quality and safety." Another two are owned by in- and charterers for our technology framework agreement with Shell "Digitised design informa- vestors advised by JP Morgan Asset in the LNGC sector has been sub- UK to drive the inclusion of the tion can be easily connected Management, while the remaining stantial and is hugely encouraging Silverstream System across its to artificial intelligence (AI), two vessels are owned by Korea in terms of the potential to sup- LNGC fleet. augmented reality and AR/VR Line Corp. port the wider global shipping In August 2019, the company technologies without any data All of the LNGCs are being built fleet. announced it had signed a MoU for processing," said Jeong Ho- under long-term charter agree- “Working with some of the best Silverstream Systems to be fitted hyun, head of Samsung Heavy ments with Shell. known names in the maritime sec- at Hudong-Zhonghua, a subsidiary Industries' Technology Develop- The patented Silverstream Sys- tor is an immense privilege and of the China State Shipbuilding ment Division. tem ALS is claimed to be particu- our expert team of commercial Corporation (CSSC) and a builder "Smartisation will be further larly effective with LNGCs hull and supply chain professionals, of LNGCs. accelerated throughout the form and operational profile and alongside our world-beating naval It has since been reported that shipyard's operations, including is suitable for both newbuilding architects and engineers, are fully the order has been increased by design, production and pur- and retrofit applications. focused on installing, testing, and another six LNGCs (see page 6). n chase," he added. SHI is currently implement- NEWS are jointly developing a design and water draught restrictions. ing 'Smart SHI' to maximise ef- for a 40 000 cu m LNGC. LNG shipments along the ficiency by connecting entire NUDGE This medium sized LNGC will Yangtze River are expected to business areas, such as design Medium-scale Yangtze be based on the patented LNT fuel a second wave of Chinese and purchase, with ICT tech- LNGC design A-BOX containment system. LNG import and distribution in- nologies, including smart LNT Marine, Wuhu Shipyard and Referred to as the ‘WuhuMax’, terest, as 10 planned new LNG yards that aim for the highest Shanghai Merchant Ship Design it will be designed to trade on the terminals will be completed in productivity. n and Research Institute (SDARI) Yangtze river where there are air this area in the next few years. n 6 August 2020 LNG Shipping News NEWS l 9 First X-DF LNGC engines overhauled China State Shipbuilding Corp (CSSC) subsidiary, CSSC Marine Service Co (CMS), has completed the first major overhaul of two WinGD X-DF engines in just nine days.

The twin 6X62DF engines were the type. Original spare parts, such as first X-DF units fitted and were in- piston rings and gas components, stalled on SK Shipping’s 2017-built were delivered to the vessel’s 180,000 cu m LNGC, ’SK Audace’. location at Sabine Pass by CMS. In the three years since the The CMS Korea team claimed vessel was delivered, the X-DF en- that the 6X62DF engine parts were gines had reached 18,000 operat- in incredibly good condition, com- ing hours, >99% of which were in pared to engines historically over- gas operation and <1% diesel oper- hauled by CMS that operate on ation, needed for manoeuvring. heavy fuel oil (HFO). Therefore, scheduled maintenance was required to ensure continuous Common components uninterrupted operation. To ensure optimal engine operat- X-DF engines fitted on board 'SK Audace' have been overhauled CMS’ Korea team completed ing standards through to the next the full maintenance on the two scheduled maintenance, the CMS and gas valve units (GVU). superintendent, said: “As the engines in nine days, when the Korea team conducted mainte- In total, 10 X-DF engines fitted first ever X-DF engines, I had con- ship was anchored off Sabine Pass nance on common components, on five vessels will be overhauled cerns about the scope of the pro- in Texas. She returned to service such as pistons, exhaust valves, by CMS in the coming months. Re- ject. But the CSSC Marine Service after successful sea trials. while flow limiting valve were sults of the ongoing condition- team demonstrated their ability This operation was accom- overhauled and fuel pump compo- based investigation on all five will with a fast and professional over- plished despite the travel, logistics, nent replacements were made enable increased TBO (time be- haul. Working closely with WinGD health, and safety working plans where necessary. tween overhaul) or CBM (condition really made a difference to how problems caused by COVID-19. In addition, the overhaul in- based maintenance) decisions, to quickly we were able to resume CMS and WinGD collaborated to cluded complex gas components, be agreed between the shipowner operations. We look forward to execute the work according to the such as gas admission valves and class society. working with the team again in standard manual for this engine (GAV), pre-chamber replacements SK Shipping’s ‘SK Audace’s’ the future.” n

NEWS capacity from October, 2020 up to Liquefaction 2 and FLNG Lique- contract’s delivery schedule. the end of the Gas Year has been faction 3 in Brazoria County, This was NOVATEK’s first Arc7 NUDGE published on its website. Texas. discharge in a Japanese port, OLT Toscana reaches The first available product ca- Comments must be received which will allow the company 100 not out pacity consists of 10 delivery slots by 17th August, FERC said. to increase the volume of LNG Italian offshore receiving terminal and runs from October, 2020 to supplies to the country, it said. OLT Toscana has handled its 100th September, 2021, while the sec- Arc7 delivers Japanese “We focus a significant amount LNGC cargo. ond, consisting of five delivery cargo via NSR of attention to develop and en- This was achieved on 31st July, slots, runs from October, 2020 to NOVATEK Gas & Power Asia, a hance the logistical scheme for 2020 when the TMS Cardiff Gas August, 2021. wholly owned subsidiary of PAO our LNG projects,” said Lev Feo- 2020-built LNGC ‘Bonito LNG’ ***Dunkerque LNG is also offer- NOVATEK, recently shipped its first dosyev, NOVATEK’s First Deputy arrived at the FSRU for a ship- ing its 2021 available regasifica- LNG cargo from Yamal to Japan via Chairman of the Management to-ship transfer. tion capacity. the Northern Sea Route (NSR). Board. “The future launch of a The total amount of LNG dis- The binding phase will start The cargo was delivered by transhipment terminal in Kam- charged thus far is around 13.8 on 11th August, 2020 and close the Arc7 ‘Vladimir Rusanov’ under chatka will significantly expand mill cu m since October, 2018. on 28th August, 2020, operator a spot contract. She discharged our opportunities to cost competi- The Terminal has been working at Fluxys said. at the Ohgishima LNG Terminal tively deliver and supply LNG to 100% of capacity, OLT claimed. in Japan in accordance with the the entire Asia/Pacific region.” n OLT’s remaining available FERC looks at Noble Gas project LNG rate assessments The US Federal Energy Regulatory Spot market (155,000-165,000 cu m) Commission (FERC) is to prepare an environmental assessment (EA) Region This week Change* on the environmental impacts of East of Suez $34,000 +$1,000 Freeport LNG’s Noble Gas project. The project involves the West of Suez $39,000 +$3,000 construction and operation of 12 mos T/C $44,000 - facilities by Freeport LNG Devel- *Since last report (22/07/20) Source: Fearnleys (05/08/20) OLT has received its 100th cargo opment, FLNG Liquefaction, FLNG

6 August 2020 LNG Shipping News NEWS l 11 WORLD LNG CARRIER ORDERBOOK

Name Containment Yard Propulsion CapacityDelivery Primary Owner system date

Flex Artemis GT NO 96 DSME MEGI 173400 01/07/2020 Flex LNG Lng Phecda GT NO 96 Hudong-Zhonghua MEGI 174000 01/07/2020 MOL Cool Discoverer GTT Mark III Flex Hyundai XDF 174000 01/08/2020 Thenamaris Energy Pacific GT NO 96 DSME MEGI 173400 01/08/2020 Alpha Gas Flex Aurora GTT Mark III Flex Hyundai XDF 174000 01/08/2020 Flex LNG Pearl Lng GTT Mark III Flex Samsung XDF 174000 01/08/2020 TMS Cardiff Gas Vivit Americas Lng GTT Mark III Flex Hyundai XDF 174000 01/09/2020 TMS Cardiff Gas Scf Barents GTT Mark III Flex Hyundai XDF 174000 01/09/2020 Sovcomflot Flex Resolute GT NO 96 DSME MEGI 173400 01/09/2020 Flex LNG Gaslog Galveston GTT Mark III Flex Samsung XDF 174000 01/10/2020 GasLog Gaslog Georgetown GTT Mark III Flex Samsung XDF 174000 01/10/2020 GasLog Aristos I GTT Mark III Flex Hyundai XDF 174000 01/10/2020 Capital Gas Yiannis GT NO 96 DSME MEGI 173400 01/10/2020 Maran Gas Maritime Dorado LNG GTT Mark III Flex Samsung XDF 174000 01/10/2020 TMS Cardiff Gas Lng Megrez GT NO 96 Hudong-Zhonghua MEGI 174000 01/10/2020 MOL Cobia Lng GTT Mark III Flex Hyundai XDF 174000 31/10/2020 TMS Cardiff Gas Celsius Copenhagen GTT Mark III Flex Samsung XDF 180000 31/10/2020 Celcius Shipping Aristidis I GTT Mark III Flex Hyundai XDF 174000 01/11/2020 Capital Gas Diamond Gas Metropolis GTT Mark III Flex Hyundai XDF 174000 01/11/2020 NYK Flex Freedom GT NO 96 DSME MEGI 173400 01/11/2020 Flex LNG Flex Amber GTT Mark III Flex Hyundai XDF 174000 01/11/2020 Flex LNG Celsius Canberra GTT Mark III Flex Samsung XDF 180000 01/12/2020 Celcius Shipping Global Star GT NO 96 DSME MEGI 173400 01/12/2020 Nakilat Energy Endeavour GT NO 96 DSME MEGI 173400 01/12/2020 Alpha Gas Lng Rosenrot GT NO 96 DSME MEGI 180000 01/01/2021 MOL Samsung 2304 GTT Mark III Flex Samsung XDF 174000 01/01/2021 Minerva Marine Daewoo 2481 GT NO 96 DSME MEGI 173400 01/01/2021 Minerva Marine Samsung 2313 GTT Mark III Flex Samsung XDF 180000 01/02/2021 Celcius Shipping Bw Lesmes GT NO 96 DSME MEGI 174000 01/02/2021 BWGas Gail Bhuwan GT NO 96 DSME MEGI 180000 01/02/2021 MOL Cool Racer GTT Mark III Flex Hyundai XDF 174000 01/02/2021 Thenamaris Scf Timmerman GTT Mark III Flex Hyundai XDF 174000 01/02/2021 Sovcomflot Flex Volunteer GTT Mark III Flex Hyundai XDF 174000 01/02/2021 Flex LNG Minerva Limnos GT NO 96 DSME MEGI 173400 01/02/2021 Minerva Marine Marvel Swan GTT Mark III Flex Samsung XDF 173400 01/03/2021 Navigare Bw Helios GT NO 96 DSME MEGI 174000 01/03/2021 BWGas LNG Ships Express GTT Mark III Flex Samsung XDF 174000 01/03/2021 TMS Cardiff Gas Hellas Diana GTT Mark III Flex Hyundai XDF 174000 01/03/2021 Latsco Shipping Lngships Athena GTT Mark III Flex Hyundai XDF 174000 01/03/2021 TMS Cardiff Gas Lngship Manhattan GTT Mark III Flex Hyundai XDF 174000 01/03/2021 TMS Cardiff Gas Aristarchos GTT Mark III Flex Hyundai XDF 174000 01/03/2021 Capital Gas Samsung 2302 GTT Mark III Flex Samsung XDF 174000 01/04/2021 NYK

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 Data last updated = 28th July 2020 12 l NEWS LNG Shipping News 6 August 2020

Name Containment Yard Propulsion CapacityDelivery Primary Owner system date

Celcius #4 GTT Mark III Flex Samsung XDF 180000 15/04/2021 Celcius Shipping DSME 2485 GT NO 96 DSME MEGI 173400 15/04/2021 Alpha Gas Diamond Gas Crystal GTT Mark III Flex Hyundai XDF 174000 01/05/2021 NYK Flex Vigilant GTT Mark III Flex Hyundai XDF 174000 01/05/2021 Flex LNG Daewoo 2501 GTT Mark III Flex DSME MEGI 174000 01/06/2021 Maran Gas Maritime Hudong-zhonghua H1827a GT NO 96 Hudong-Zhonghua XDF 174000 01/06/2021 CSSC Daewoo 2495 GT NO 96 DSME XDF 174000 01/06/2021 Maran Gas Maritime Daewoo 2500 GT NO 96 DSME MEGI 174000 01/06/2021 Alpha Gas Attalos GTT Mark III Flex Hyundai XDF 174000 01/06/2021 Capital Gas SHI Gaslog CE #1 GTT Mark III Flex Samsung XDF 180000 15/06/2021 GasLog Daewoo 2505 GT NO 96 DSME MEGI 173400 01/07/2021 MOL Asterix 1 GTT Mark III Flex Hyundai XDF 174000 01/08/2021 Capital Gas Adamastos GTT Mark III Flex Hyundai XDF 174000 01/08/2021 Capital Gas SHI Gaslog CE #2 GTT Mark III Flex Samsung XDF 180000 15/08/2021 GasLog Daewoo 2504 GT NO 96 DSME XDF 174000 01/09/2021 Maran Gas Maritime Daewoo 2502 GTT Mark III Flex DSME XDF 173400 01/09/2021 Nakilat Samsung 2305 GTT Mark III Flex Samsung XDF 174000 01/09/2021 Minerva Marine Diamond Gas Victoria GTT Mark III Flex Hyundai XDF 174000 01/09/2021 NYK Hellas Athina GTT Mark III Flex Hyundai XDF 174000 01/09/2021 Latsco Shipping Asklipios GTT Mark III Flex Hyundai XDF 174000 15/09/2021 Capital Gas Samsung 2355 GTT Mark III Flex Samsung XDF 174000 01/10/2021 NYK Daewoo 2507 GT NO 96 DSME XDF 174000 01/10/2021 Maran Gas Maritime Hyundai Ulsan 2939 GTT Mark III Flex Hyundai XDF 180000 01/10/2021 SK Shipping Samsung 2306 GTT Mark III Flex Samsung XDF 174000 01/10/2021 NYK Hyundai Samho 8025 GTT Mark III Flex Hyundai XDF 174000 01/12/2021 H-Line Hyundai Ulsan 3157 GTT Mark III Flex Hyundai XDF 174000 01/12/2021 Tsakos Energy Navigation Samsung 2336 GTT Mark III Flex Samsung XDF 174000 01/12/2021 JP Morgan Daewoo 2503 GTT Mark III Flex DSME XDF 173400 01/12/2021 Nakilat Samsung 2307 GTT Mark III Flex Samsung XDF 174000 01/12/2021 NYK Daewoo 2508 GT NO 96 DSME XDF 174000 01/01/2022 Maran Gas Maritime Hyundai Samho 8032 GTT Mark III Flex Hyundai XDF 174000 01/01/2022 NYK Hudong-zhonghua H1828a GT NO 96 Hudong-Zhonghua XDF 174000 01/01/2022 CSSC Samsung 2315 GTT Mark III Flex Samsung XDF 173400 01/03/2022 SinoKor Samsung 2319 GTT Mark III Flex Samsung XDF 174000 01/03/2022 JP Morgan Elisa Aquila GTT Mark III Flex Hyundai XDF 174000 01/03/2022 NYK Samsung 2332 GTT Mark III Flex Samsung XDF 174000 01/03/2022 Minerva Marine Hudong-zhonghua H1788a GT NO 96 Hudong-Zhonghua XDF 80000 01/04/2022 K-Line Hyundai Ulsan 3137 GTT Mark III Flex Hyundai XDF 178000 01/04/2022 Dynagas Hudong-zhonghua H1789a GT NO 96 Hudong-Zhonghua XDF 80000 01/05/2022 K-Line Samsung 2316 GTT Mark III Flex Samsung XDF 173400 01/05/2022 SinoKor DSME May19 GT NO 96 DSME MEGI 174000 15/05/2022 Maran Gas Maritime Hyundai Samho 8033 Hyundai XDF 173000 01/06/2022 NYK Hyundai Samho 8026 GTT Mark III Flex Hyundai XDF 174000 01/06/2022 H-Line

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 Data last updated = Data last updated = 28th July 2020 6 August 2020 LNG Shipping News NEWS l 13

Name Containment Yard Propulsion CapacityDelivery Primary Owner system date

Samsung 2337 GTT Mark III Flex Samsung XDF 174000 01/07/2022 JP Morgan Hyundai Ulsan 3138 GTT Mark III Flex Hyundai XDF 178000 01/07/2022 Dynagas Hyundai Samho 8091 GTT Mark III Flex Hyundai XDF 174000 01/08/2022 Knutsen Hyundai Ulsan 3185 GTT Mark III Flex Hyundai XDF 174000 01/08/2022 Korea Line Samsung 2317 GTT Mark III Flex Samsung XDF 173400 01/08/2022 SinoKor Daewoo 2509 GT NO 96 DSME MEGI 174000 01/08/2022 BWGas Samsung 2318 GTT Mark III Flex Samsung XDF 173400 01/09/2022 SinoKor Daewoo 2510 GT NO 96 DSME MEGI 174000 01/09/2022 BWGas Hyundai Ulsan 3145 GTT Mark III Flex Hyundai XDF 180000 01/09/2022 SK Shipping Hyundai Samho 8092 GTT Mark III Flex Hyundai XDF 174000 01/10/2022 Knutsen Hyundai Ulsan 3186 GTT Mark III Flex Hyundai XDF 174000 01/10/2022 Korea Line Hyundai Ulsan 3187 GTT Mark III Flex Hyundai XDF 174000 01/11/2022 JP Morgan Hyundai Samho 8093 GTT Mark III Flex Hyundai XDF 174000 01/11/2022 Knutsen Cosco PCI #1 GT NO 96 Hudong-Zhonghua XDF 174000 15/11/2022 China LNG Shipping Hyundai Ulsan 3188 GTT Mark III Flex Hyundai XDF 174000 01/12/2022 JP Morgan Hyundai Samho 8094 GTT Mark III Flex Hyundai XDF 174000 01/12/2022 Knutsen Samsung 2364 GTT Mark III Flex Samsung XDF 174000 01/01/2023 MISC Cosco PCI #2 GT NO 96 Hudong-Zhonghua XDF 174000 15/01/2023 China LNG Shipping Samsung 2365 GTT Mark III Flex Samsung XDF 174000 01/02/2023 MISC Zvezda 041 GTT Mark III Flex Zvezda SSK TFDE-Azipod 172600 01/03/2023 Novatek Cosco PCI #3 GT NO 96 Hudong-Zhonghua XDF 174000 15/03/2023 China LNG Shipping Zvezda 042 GTT Mark III Flex Zvezda SSK TFDE-Azipod 172600 01/09/2023 Novatek Zvezda 043 GTT Mark III Flex Zvezda SSK TFDE-Azipod 172600 01/10/2023 Novatek Zvezda 044 GTT Mark III Flex Zvezda SSK TFDE-Azipod 172600 01/11/2023 Novatek Zvezda 045 GTT Mark III Flex Zvezda SSK TFDE-Azipod 172600 01/12/2023 Novatek

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 Data last updated = Data last updated = 28th July 2020

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Built Name CBM Cargo Type Trading area Trading in LNG? Ship Owner / Operator

1974 Seagas 187 LNG Sweden Yes AGA 1988 Kayoh Maru 1,517 LNG Japan Yes Daiichi 1993 Aman Bintulu 18,928 LNG Malaysia - Japan Yes Perbadanan/NYK 1996 Surya Aki 19,475 LNG Indonesia - Japan Yes MCGC 1997 Aman Sendai 18,928 LNG Malaysia - Japan Yes Perbadanan/NYK 1998 Pelita Energy 18,800 LNG Malaysia - Japan Yes Perbadanan/NYK 2000 Triputra 23,096 LNG Indonesia - Japan Yes MCGC 2003 Pioneer Knutsen 1,100 LNG Norway Yes Knutsen 2003 Shinju Maru No.1 2,540 LNG Japan Yes Shinwa 2005 North Pioneer 2,500 LNG Japan Yes Japan Liquid Gas 2007 Sun Arrows 19,531 LNG Malaysia - Russia - Japan Yes Mitsui 2008 Kakurei Maru 2,536 LNG Japan Yes Hogaki Zosen 2008 Shinju Maru No.2 2,540 LNG Japan Yes Shinwa 2009 Coral Methane 7,551 LNG/LPG/Ethylene Northwest Europe/Baltics Yes, sometimes Anthony Veder 2010 Coral Favia 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder 2010 Coral Fraseri 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder 2011 Akebono Maru 3,556 LNG Japan Yes Chuo Kaiun 2011 Coral Furcata 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder 2011 Coral Fungia 10,000 LNG/LPG/Ethylene Worldwide No Anthony Veder 2011 Vision Spirit 12,000 LNG/LPG/Ethylene Worldwide No Teekay 2011 Unikum Spirit 12,000 LNG/LPG/Ethylene Worldwide No Teekay 2012 Coral Energy 15,600 LNG Northwest Europe/Baltics Yes Anthony Veder 2013 JX Energy TBN 2,500 LNG Japan Yes JX Energy 2013 Kakuyu Maru 2,500 LNG Japan Yes Tsurumi Sunmarine 2013 Coral Anthelia 6,500 LNG/Ethylene Anthony Veder 2015 LNG Barge TBN 3,000 LNG US Coast Yes LNG America 2015 JS Ineos Ingenuity 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2015 JS Ineos Insight 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2015 JS Ineos Intrepid 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2015 PetroChina TBN 30,000 LNG China PetroChina 2016 Clean Jacksonville 2,200 LNG US Coast Yes CME 2016 LNG Prime 2,250 LNG Northwest Europe Yes Veka Deen LNG 2016 JS Ineos Indepence 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2016 JS Ineos Innvovation 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2016 JS Ineos Inspiration 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2016 Hai Yang Shi You 301 30,000 LNG Bali FSU Yes CETS (CNOOC) 2017 Oizmendi 600 LNG Bilbao Yes Itsas Gas 2017 ENGIE Zeebrugge 5,000 LNG Northwest Europe Yes NYK 2017 Coralius 5,800 LNG Northwest Europe/Baltics Yes, for Skangas Anthony Veder 2017 Cardissa 6,500 LNG Northwest Europe Yes Shell 2017 LNG-Gorskaya TBN 7,300 LNG Russia Yes LNG-Gorskaya

For more information please visit http://small-lng.com *Includes multi-gas, ethylene and LNG bunker ships with 40,000 cubic metres LNG cargo capacity or less TBN = To Be Nominated indicates ships are still at construction/planning stage ** = project shelved † =Data to be verified Data last updated = 28th July 2020 6 August 2020 LNG Shipping News NEWS l 15

Built Name CBM Cargo Type Trading area Trading in LNG? Ship Owner / Operator

2017 LNG-Gorskaya TBN 7,300 LNG Russia Yes LNG-Gorskaya 2017 LNG-Gorskaya TBN 7,300 LNG Russia Yes LNG-Gorskaya 2017 Coral EnergICE 18,000 LNG Northwest Europe/Baltics Yes Anthony Veder 2017 JS Ineos Invention 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2017 JS Ineos Intuition 27,500 LNG/Ethylene Markus Hook - Rafnes Ethane, for Ineos Evergas 2017 Coral Encanto 30,000 LNG China Yes Anthony Veder 2018 HUA XIANG 8 13,720 LNG China Yes Zhejiang Huaxiang 2018 LNG London 3,000 LNG Northwest Europe Yes Shell 2018 Shell Bunker Barge TBN 2 6,500 LNG Northwest Europe Yes Shell 2018 Shell Bunker Barge TBN 3 6,500 LNG Northwest Europe Yes Shell 2018 Kairos 7,500 LNG Baltic Yes Bernhard Schulte 2018 Bunker Breeze 0 LNG Barcelona Yes Suardiaz Energy Shipping 2019 SM Jeju LNG1 7,500 LNG Korea Yes Korea Line 2019 Stolt TBN 7,500 LNG Mediterranean Yes Stolt-Nielsen Gas 2019 Stolt TBN 7,500 LNG Mediterranean Yes Stolt-Nielsen Gas 2019 Gas Agility 18,600 LNG NWE Yes MOL 2019 Flexfueller 001 1,480 LNG Amsterdam Yes Titan LNG 2020 SM Jeju LNG2 7,500 LNG Korea Yes Korea Line 2020 CNTIC VPOWER Global 28,000 LNG Myanmar Yes Dalian Inteh Group 2020 Q-LNG 4000 4,000 LNG US Coast Yes Q-LNG Transport/Harvey Gulf 2020 Stolt TBN (option) 7,500 LNG Yes Stolt-Nielsen Gas 2020 FuelLNG TBN 7,500 LNG Singapore Yes FuelLNG 2020 CLS TBN 3,500 LNG Japan Yes CLS 2020 Elenger TBN 6,000 LNG NWE Yes Elenger 2020 ENN TBN 8,500 LNG China Yes ENN 2020 Flexfueller 002 1,480 LNG Antwerp Yes Titan LNG 2021 Stolt TBN (option) 7,500 LNG Yes Stolt-Nielsen Gas 2021 Knutsen TBN 30,000 LNG Mediterranean Yes Knutsen OAS 2021 Gazprom Neft TBN 5,800 LNG Russia Yes Gazprom Neft 2021 PE TBN 12,000 LNG Singapore Yes MOL 2021 JMU TBN 2,500 LNG Japan Yes JMU 2021 TBN 18,600 LNG Mediterranean Yes MOL 2021 TG TBN 500 LNG Korea Yes Trans Gas 2022 Stolt TBN 20,000 LNG Worldwide Yes Stolt-Nielsen Gas 2022 Stolt TBN 20,000 LNG Worldwide Yes Stolt-Nielsen Gas 2022 Clean Cañaveral 5,400 LNG USG Yes PNE 2023 Cryopeak TBA 4,000 LNG West Canada Yes Cryopeak 2024 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas 2024 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas 2026 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas 2026 Stolt TBN (option) 20,000 LNG Worldwide Yes Stolt-Nielsen Gas

For more information please visit http://small-lng.com *Includes multi-gas, ethylene and LNG bunker ships with 40,000 cubic metres LNG cargo capacity or less TBN = To Be Nominated indicates ships are still at construction/planning stage ** = project shelved † =Data to be verified Data last updated = 28th July 2020