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AG&P LNG Awarded 20-year Contract by PLN EPI, Indonesia for Co-development, Ownership and Operations of LNG Import Terminals in Sulawesi-Maluku Power Cluster

Retrieved on:

Tuesday, March 26, 2024

Energi, Carbon, SBS, Natural gas, MTPA, JV, AG, Partnership, Acquisition, LNG carrier, PLN, Consortium, Plant, Investment, FSRU, PT PLN

SINGAPORE, March 26, 2024 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P LNG, majority-owned by Nebula Energy, announced today that its subsidiary PT AGP Indonesia Utama (AG&P Indonesia), along with consortium members Suasa Benua Sukses (SBS) and KPMOG, collectively referred to as the Consortium, has won a large-scale 20-year contract for LNG infrastructure from PLN EPI in Indonesia. The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia. The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.

Key Points:

PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia will be the customer and co-shareholder in the facility.
The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia.
The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.
Among its LNG terminal project portfolio, AG&P LNG is the operator of the first LNG import and regasification terminal in the Philippines, the Philippines LNG (PHLNG) Import Terminal located in Batangas Bay.

AG&P LNG Awarded 20-year Contract by PLN EPI, Indonesia for Co-development, Ownership and Operations of LNG Import Terminals in Sulawesi-Maluku Power Cluster

Retrieved on:

Tuesday, March 26, 2024

Energi, Carbon, SBS, Natural gas, MTPA, JV, AG, Partnership, Acquisition, LNG carrier, PLN, Consortium, Plant, Investment, FSRU, PT PLN

SINGAPORE, March 26, 2024 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P LNG, majority-owned by Nebula Energy, announced today that its subsidiary PT AGP Indonesia Utama (AG&P Indonesia), along with consortium members Suasa Benua Sukses (SBS) and KPMOG, collectively referred to as the Consortium, has won a large-scale 20-year contract for LNG infrastructure from PLN EPI in Indonesia. The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia. The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.

Key Points:

PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia will be the customer and co-shareholder in the facility.
The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia.
The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.
Among its LNG terminal project portfolio, AG&P LNG is the operator of the first LNG import and regasification terminal in the Philippines, the Philippines LNG (PHLNG) Import Terminal located in Batangas Bay.

Capital Product Partners L.P. Announces the Successful Delivery of the LNG Carrier ‘Axios II’

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Thursday, January 4, 2024

Umbrella, LNG carrier, CBM, Acquisition, Partnership, Stroke, MEGA, ING Group, CPLP

ATHENS, Greece, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that it successfully took delivery of the LNG Carrier (“LNG/C”) ‘Axios II’.

Key Points:

ATHENS, Greece, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that it successfully took delivery of the LNG Carrier (“LNG/C”) ‘Axios II’.
Pursuant to the agreement to acquire 11 LNG/Cs provided under the Umbrella Agreement entered into on November 13, 2023 (the “Umbrella Agreement”), the Partnership took delivery on January 2, 2024 of LNG/C Axios II (174,000 cbm, latest generation, two stroke MEGA LNG/C, built at Hyundai Heavy Industries Co., Ltd).
Axios II is the ninth latest generation LNG/C of the Partnership and the second vessel delivery of the fleet acquired under the Umbrella Agreement.
The remaining nine vessels are expected to be delivered between the second quarter of 2024 and the first quarter of 2027.

Cool Company Ltd. and Huaxia Financial Leasing Co., Ltd. Agree Sale and Leaseback Financing for Newbuild Vessels

Retrieved on:

Wednesday, October 18, 2023

Maritime, Professional Services, Transport, Finance, Sale, NYSE, LNG carrier, Hyundai Samho Heavy Industries, Leaseback, MEGA, Natural gas, LNG

Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (“CoolCo” or “the Company”) and Huaxia Financial Leasing Co. Ltd. today announced that they had entered into sale and leaseback financing arrangements (the “Sale and Leasebacks”) for the Kool Tiger and Kool Panther newbuild vessels scheduled to deliver to CoolCo in the second half of 2024 from Hyundai Samho Heavy Industries in Korea.

Key Points:

Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (“CoolCo” or “the Company”) and Huaxia Financial Leasing Co. Ltd. today announced that they had entered into sale and leaseback financing arrangements (the “Sale and Leasebacks”) for the Kool Tiger and Kool Panther newbuild vessels scheduled to deliver to CoolCo in the second half of 2024 from Hyundai Samho Heavy Industries in Korea.
Reference is made to the press release published by CoolCo on June 28, 2023 regarding the announcement that the Company had exercised its option to acquire the newbuild vessels and had received a commitment for the related debt financing.
With the Sale and Leasebacks now in place, CoolCo has fully financed the two MEGA LNG Carrier newbuilds.
“We are pleased to have established this important relationship with Huaxia Financial Leasing and look forward to working closely with them over the long term.

Capital Product Partners L.P. Announces Second Quarter 2023 Financial Results

Retrieved on:

Friday, July 28, 2023

Total revenue for the quarter ended June 30, 2023, was $88.5 million, compared to $74.0 million during the second quarter of 2022.

Key Points:

Total revenue for the quarter ended June 30, 2023, was $88.5 million, compared to $74.0 million during the second quarter of 2022.
Total expenses for the quarter ended June 30, 2023, were $58.6 million, compared to $40.9 million in the second quarter of 2022.
Total vessel operating expenses during the second quarter of 2023 amounted to $23.5 million, compared to $16.4 million during the second quarter of 2022.
General and administrative expenses for the second quarter of 2023 amounted to $2.3 million, in line with the second quarter of 2022.

Delfin Enters Strategic Investment Agreement with Mitsui O.S.K. Lines

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Thursday, June 8, 2023

FSRU, Partnership, Strategic Investment Group, MT MOL FSRU Challenger, FLNG, Regasification, LNG carrier, Investment, MOL, Growth, Mitsui O.S.K. Lines, Hashimoto, Natural gas, LNG

HOUSTON, June 08, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that it has entered into a strategic investment agreement with Mitsui O.S.K. Lines, Ltd. (“MOL”) that accelerates growth and drives future expansion, enabling Delfin to accelerate clean low-cost LNG exports from North America to customers around the world. As part of the agreement, MOL will make an investment in Delfin and a MOL representative will join Delfin’s Board of Directors.

Key Points:

Lines to Make a Strategic Investment in Delfin, Join Board of Directors
HOUSTON, June 08, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that it has entered into a strategic investment agreement with Mitsui O.S.K.
Lines, Ltd. (“MOL”) that accelerates growth and drives future expansion, enabling Delfin to accelerate clean low-cost LNG exports from North America to customers around the world.
As part of the agreement, MOL will make an investment in Delfin and a MOL representative will join Delfin’s Board of Directors.
Through this investment agreement, MOL and Delfin aims to solidify their continuing commitment to the success of the Delfin LNG project and set the stage for a promising future in the LNG industry.

AG&P's Philippines LNG (PHLNG) Import Terminal Welcomes the First LNG Cargo In The Country As It Successfully Berths Its Long-term Chartered 137,500 cbm ISH Floating Storage Unit (FSU) in Batangas Bay

Retrieved on:

Thursday, April 27, 2023

EPC, Quality of life, AG, ADNOC, ISH, LNG carrier, FSU, O&M, Engineering, procurement, and construction, Maintenance (technical), Natural gas, Engineering, LNG, Maintenance

BATANGAS, Philippines, April 27, 2023 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P International Pte. Ltd. (AG&P) announced the arrival and successful berthing of its long-term chartered 137,500 cbm ISH Floating Storage Unit (FSU) at AG&P's Philippines LNG (PHLNG) Import Terminal in Batangas Bay. Leased from ADNOC L&S, the Japan-built Moss-type LNG Carrier ISH, converted to FSU by AG&P subsidiary, GAS Entec, brings to the Philippines the country's maiden LNG cargo, creating history in the nations' energy industry with the arrival of clean and affordable LNG for the first time.

Key Points:

The ADNOC Logistics & Services (L&S) LNG Carrier (LNGC), ISH, begins commissioning as FSU at AG&P's PHLNG, the first LNG terminal in the Philippines and the first modular LNG terminal in the world.
AG&P subsidiary, GAS Entec, converted the ADNOC L&S Japan-built Moss-type ISH to 137,500 cbm FSU in five months.
Supply, operations, and maintenance of the FSU will be undertaken by ADNOC L&S as part of its long-term chartered agreement with AG&P.
Ltd. (AG&P) announced the arrival and successful berthing of its long-term chartered 137,500 cbm ISH Floating Storage Unit (FSU) at AG&P's Philippines LNG (PHLNG) Import Terminal in Batangas Bay.

AG&P's Philippines LNG (PHLNG) Import Terminal Welcomes the First LNG Cargo In The Country As It Successfully Berths Its Long-term Chartered 137,500 cbm ISH Floating Storage Unit (FSU) in Batangas Bay

Retrieved on:

Thursday, April 27, 2023

EPC, Quality of life, AG, ADNOC, ISH, LNG carrier, FSU, O&M, Engineering, procurement, and construction, Maintenance (technical), Natural gas, Engineering, LNG, Maintenance

BATANGAS, Philippines, April 27, 2023 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P International Pte. Ltd. (AG&P) announced the arrival and successful berthing of its long-term chartered 137,500 cbm ISH Floating Storage Unit (FSU) at AG&P's Philippines LNG (PHLNG) Import Terminal in Batangas Bay. Leased from ADNOC L&S, the Japan-built Moss-type LNG Carrier ISH, converted to FSU by AG&P subsidiary, GAS Entec, brings to the Philippines the country's maiden LNG cargo, creating history in the nations' energy industry with the arrival of clean and affordable LNG for the first time.

Key Points:

AG&P subsidiary, GAS Entec, converted the ADNOC L&S Japan-built Moss-type ISH to 137,500 cbm FSU in five months.
Supply, operations, and maintenance of the FSU will be undertaken by ADNOC L&S as part of its long-term chartered agreement with AG&P.
BATANGAS, Philippines, April 27, 2023 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P International Pte.
Ltd. (AG&P) announced the arrival and successful berthing of its long-term chartered 137,500 cbm ISH Floating Storage Unit (FSU) at AG&P's Philippines LNG (PHLNG) Import Terminal in Batangas Bay.

C-Type LNG Carrier Market Analysis/Forecast Report 2022 - ResearchAndMarkets.com

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Wednesday, December 21, 2022

The "C-Type LNG Carrier Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Application and Geography" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "C-Type LNG Carrier Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Application and Geography" report has been added to ResearchAndMarkets.com's offering.
The C-type LNG carrier market size was valued at US$ 6,469.02 million by 2028 from US$ 3,920.84 million in 2021.
The C-Type LNG carrier market is mainly dominated by players such as Komarine Co.; Torgy LNG; Gas Entec Co., Ltd.; China Shipbuilding Trading Co. Ltd.; and Knutsen OAS Shipping.
Such initiatives by key players will contribute to the C-Type LNG carrier market growth during the forecast period.

ADNOC L&S Signs Agreement for Third Long-Term Charter of LNG Floating Storage Unit with AG&P

Retrieved on:

Wednesday, December 21, 2022

AG, ADNOC, Engineering, LNG carrier, United Arab Emirates, Floating production storage and offloading, Natural gas, Growth, FSU, Life, Atlantic, Gulf and Pacific Steamship Corporation, Running, ABU, Emirate, Ghasha va Shiryul, Emirate of Abu Dhabi, Maintenance, LNG

Under the terms of the agreement, the carrier will be used at AG&P's LNG Import Terminal in India, which will be commissioned in the second half of 2024.

Key Points:

Under the terms of the agreement, the carrier will be used at AG&P's LNG Import Terminal in India, which will be commissioned in the second half of 2024.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: "This agreement with AG&P builds on a phenomenal period of global expansion for ADNOC L&S as we focus on growth, diversification and unlocking new revenue streams.
The ADNOC L&S FSU, plus the regasification unit, is a powerful combination for bringing gas to new markets."
The LNG carrier Ghasha was built in Japan and is a moss-type containment vessel with a capacity of around 138,000 cubic meters.