Exmar posts lower LNG earnings

Exmar of Belgium said its LNG fleet earned US$9 million in the third quarter of this year, compared to US$8.5 million for the same period in 2014.

In the first nine months of this year, Exmar’s LNG fleet recorded an operational result of US$24.8 million, as compared to US$26.7 million a year before, the company informed on Thursday.

The Antwerp-based shipping company also said that the 138,000 cbm Excel has been redelivered after its charter with oil and gas giant ConocoPhillips end October. Medium-term employment for the LNG vessel is currently being contemplated.

Floating liquefaction

The construction of the floating liquefaction unit Caribbean FLNG at Wison Heavy Industry in Nantong, China is progressing as planned, Exmar said in the report.

Delivery of the FLNG vessel is expected in the first quarter of 2016.

In Canada, the Douglas Channel LNG Consortium expects to receive the facility permit for the 555,000 tonnes per annum export project by the end of the year.

The consortium will be in a position to take positive final investment decision once the import duty of the FLNG barge into Canada and other pending items are resolved, the company added.