# Russia-Ukraine + LNG

**URL:** <https://discussion.fool.com/t/russia-ukraine-lng/63688>\
**Category:** Macro Economic Trends and Risks\
**Created:** [March 18, 2022, 10:09pm UTC](https://discussion.fool.com/t/russia-ukraine-lng/63688 "2022-03-18T22:09:47Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [March 18, 2022, 10:09pm UTC](https://discussion.fool.com/t/russia-ukraine-lng/63688/1 "2022-03-18T22:09:47Z")

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A trio of LNG-related items, at least one directly related to the Russia-Ukraine conflict

1. Dynagas LNG  
Mentioned Dynagas LNG (DLNG) about 10 days ago. Greek based entity that owns 6 LNG tankers, 5 of which are servicing Russian clients. Company released the Q1 2021 results, including updates on their vessel situation  
[https://www.hellenicshippingnews.com/dynagas-lng-partners-lp…](https://www.hellenicshippingnews.com/dynagas-lng-partners-lp-reports-results-for-the-three-months-and-year-ended-december-31-2021/)

2. New Fortress Energy (NFE)  
Developing an LNG liquefaction technology that has a short turnaround time (about 2 years) and is particularly useful for stranded gas locations in shallow water with limited infrastructure support.  
Essentially, the company acquires a pair of jack-up rigs (one rig for the gas processing portion, the other for the liquefaction (and perhaps, storage)) and a liquefaction unit.  
[https://seekingalpha.com/pr/18687970-nfe-and-eni-congo-agree…](https://seekingalpha.com/pr/18687970-nfe-and-eni-congo-agree-to-deploy-fast-lng-solution-in-republic-of-congo)

NFE also has an older Floating Storage & Regasification Unit (FSRU) that may/may-not be available for use (NFE have multiple ongoing activities, one of which could potentially utilize the FSRU). See next item.

1. Golar LNG (GLNG)  
About 6-7 years ago, Golar LNG had ordered a newbuild FSRU for a project in West Africa. That project came undone about 5 years ago, and meant GLNG were stuck with an FSRU without a project. Since delivery about 4 years ago, the vessel has never worked as an FSRU. A Stifel analyst suggests there have been recent interest in that FSRU. Two options
2. Outright purchase of the vessel for $350M - $400M
3. Charter the vessel at rates up to $200K daily

[https://seekingalpha.com/news/3815042-golar-lng-spikes-as-st…](https://seekingalpha.com/news/3815042-golar-lng-spikes-as-stifel-raises-pt-in-best-environment-imaginable)

HohumYNWA  
Owned NFE and GLNG in recent past. No position in either currently.

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**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\
**Post date:** [March 18, 2022, 10:55pm UTC](https://discussion.fool.com/t/russia-ukraine-lng/63688/2 "2022-03-18T22:55:26Z")

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_Mentioned Dynagas LNG (DLNG) about 10 days ago. Greek based entity that owns 6 LNG tankers, 5 of which are servicing Russian clients._

Since 3/2 their preferred stock (DLNG-B) is up 35% while their common stock is only up about 10%.

DB2

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<div class="post-metadata">

**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [March 19, 2022, 1:25am UTC](https://discussion.fool.com/t/russia-ukraine-lng/63688/3 "2022-03-19T01:25:13Z")

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And GLNG is up over 40% over the last month, and ~60% in 2022