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Saturday, August 24, 2019

Energy Security News

Jim Schnieders. Photo: Black & Veatch

FLNG Innovations Boost Gas Industry Growth

Liquefied natural gas (LNG) technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.FLNG helps mitigate siting constraints that shore-based infrastructure may face, pointed out the Kansas City-based engineering firm Black & Veatch.The provider of engineering, procurement and construction (EPC) services for energy also stressed…

Image: ECV Holdings

Kogas, EVC Pact for Vietnam LNG Terminal

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam.The MOU also covers the development of a storage facility, gas supply system, and a 3,200 MW gas-fired power project near Mui Ke Ga, Binh Thuan Province, Vietnam, said a press note.The MOU…

Securing, Enhancing America’s Ports & Supply Chain

The American Association of Port Authorities and its membership recently looked ahead at the challenges and opportunities facing the Port Security Grant Program.In its annual “State of Freight” series, AAPA has highlighted the transportation infrastructure needs of U.S. ports, state transportation agencies and multimodal projects. In this final report in the State of Freight series, AAPA turns to the vital role that security infrastructure plays in moving goods.In 2002, Congress…

(Photo: Hoegh LNG)

Lithuania Plans to Buy an FSRU

Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas.Klaipedos Nafta is currently leasing a floating storage and regasification unit (FSRU), called Independence, from Norway's Hoegh LNG.The use of the vessel has allowed Lithuania to import LNG since 2014, breaking the monopoly Russia's Gazprom had on natural gas supply to the country as well as neighboring Latvia and Estonia."This will keep us able…

Photo: MOL

MOL's FSRU Challenger for Hong Kong LNG Terminal Project

Mitsui O.S.K. Lines (MOL) announced that MOL, has entered into a preliminary agreement to supply a Floating Storage and Regasification Unit (FSRU), as well as Jetty Operation & Maintenance Services for the Hong Kong Offshore LNG Terminal Project on a long term contract. MOL will utilize the "MOL FSRU Challenger" built in 2017 with a storage capacity of 263,000m3 which remains the largest FSRU in the world today, to provide services to the Hong Kong Offshore LNG Terminal Project. The FSRU was constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd.

Pic: MOL

Mitsui O.S.K. Lines Signs MoU with Russian Federation

Mitsui O.S.K. Lines (MOL) signed a Memorandum of Understanding (MOU) with the Far East Investment and Export Agency (FEIA) under the Ministry of the Russian Federation for the Development of the Far East (MINVR) to cooperate with each other in the development of the Northern Sea Route and the Russian Far East. MOL has been participating in the Yamal LNG Project, which is the world first large scale energy project that exports cargoes through the Northern Sea Route, and MOL's first ice-breaking LNG carrier for the project is slated to go into service at the end of March…

Ice-Breaking LNG Carrier Vladimir Rusanov Photo MOL

MOL, FEIA Team to Develop North Sea Route

Mitsui O.S.K. Lines, Ltd. signed a Memorandum of Understanding with the Far East Investment and Export Agency under the Ministry of the Russian Federation for the Development of the Far East  to cooperate with each other in the development of the Northern Sea Route and the Russian Far East. MOL has been participating in the Yamal LNG Project, which is the world first large scale energy project that exports cargoes through the Northern Sea Route, and MOL’s first ice-breaking LNG carrier for the project is slated to go into service at the end of March…

Petrogress Enters Joint Venture with EDT Offshore

Petrogress, Inc. has announced that its Petrogress Int’l, LLC (PIL) subsidiary has entered into a Memorandum of Understanding (MoU) with EDT Agency Services, Ltd. (EDT Offshore) to combine the companies’ operations at the Port of Limassol and additional port facilities in Cyprus. The MoU covers shorebase and offshore support services from the Port of Limassol, as well as future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for a $300 million industrial and energy harbor.

Global Expenditure on FLNG Facilities by Region, 2012-2023. Graph: Douglas-Westwood

Global FLNG Capex to Total USD 37.6bln

Global Capex on FLNG facilities is set to grow at a 9% CAGR over the 2018-2023 period, with expenditure forecast to total $37.6bn, said Douglas-Westwood report. Given the strong fundamental drivers – increasing gas consumption due to economic growth, fuel switching, and energy security – the outlook for the import vessels will remain strong over the 2018-2023 period. Despite near-term concerns due to challenging market conditions, the incentive to use FLNG units to develop gas reserves in remote places remains compelling.

Federal Maritime Commissioner William Doyle leads discussion for port stakeholders on growing use of LNG for ship propulsion to meet international emission standards set to take effect in 2020 (Photo: Port Canaveral)

Port Canaveral Hosts Briefing on LNG as Maritime Fuel

“We know that natural gas is one of the cleanest, most environmentally-friendly fuels available today,” said Capt. John Murray, CEO at Port Canaveral, who recently hosted a briefing on the use of liquefied natural gas (LNG) as a maritime transportation fuel. The briefing was led by Federal Maritime Commissioner William Doyle, who has spoken extensively in support for natural gas as a marine fuel, especially with regard to meeting international environmental standards. Natural gas…

ToPH CEO David Pentz and Mayor Camilo Blanco with Richard Sandover from Jackson McDonald and Mike Utsler, Chief Operating Officer for Woodside Energy. (Photo: Town of Port Hedland)

LNG Marine Fuel Institute Launched in Canberra

Port Hedland Mayor, Camilo Blanco, and the Town of Port Hedland’s CEO, David Pentz, attended the launch of the LNG Marine Fuel Institute at Parliament House, Canberra on Wednesday, June 21. The Institute, which was opened by The Honorable Josh Frydenberg MP, Federal Minister for the Environment and Energy, hopes to see Australian LNG as the primary fuel for marine transportation, powering the road, rail and mining industries. Mayor Blanco said that the Institute will work with industry and Government partners to position Australia at the forefront of LNG…

© Johnny Beanstalk / Adobe Stock

Coal: India's Energy Mainstay for Next 30 Years

Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters. The country is the world's third-largest coal producer and the third-biggest greenhouse gas emitter. It depends on coal for about three-fifths of its energy needs and aims to double its output to 1.5 billion tonnes by 2020. By 2047, however, coal's share of India's energy mix would shrink to 42-48 percent…

Photo: Golden Pass LNG Terminal

US Authorizes Non-FTA LNG Export from Golden Pass

The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is authorized to export LNG up to the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas to any non-FTA country not prohibited by U.S. law or policy from the Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas. With the dramatic increase in domestic natural gas production, the U.S.

U.S. President-elect Donald Trump Photo VoA

NOIA Congratulates Trump, Urges Path Forward on Offshore Development

NOIA President Randall Luthi today released the following statement on the election of Donald Trump as the next U.S. “On behalf of the National Ocean Industries Association (NOIA), I congratulate President-elect Trump on his victory at the polls. The American people have spoken, and this long and contentious election is finally over. Even though it appears the political divide in our Nation has widened, now is the time to work together to promote wise energy policies that will enhance our ability to create jobs and promote energy security.

NOIA - Randall Luthi President of the National Ocean Industries Association

NOIA Applauds Passage of House Interior Appropriations Bill

“NOIA applauds members of the House of Representatives for passing the first Interior and Environment Appropriations bill since 2009. Not only does the passage of the bill bring back regular order, the Fiscal Year 2017 Interior and Environment Appropriations bill includes smart policy provisions to limit the harmful impact of many short-sighted regulations targeting offshore oil and natural gas exploration and development and includes protections from other potential politically-driven regulations the Obama administration could levy on its way out of office.

NOIA - Randall Luthi President of the National Ocean Industries Association Photo NOIA

NOIA’s Luthi Testifies at House Natural Resources Subcommittee Hearing

NOIA President Randall Luthi released the following statement after providing testimony today before the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources on H.R. “NOIA applauds Congressman Graves and Ranking Member Lowenthal for their bipartisan sponsorship of the Innovation in Offshore Leasing Act and thanks the Energy and Mineral Resources Subcommittee for holding today’s hearing. “Offshore energy development is a vital part of the U.S. economy, providing jobs, energy security and much needed government revenue.

Al Hamla Q-Flex Photo Qatargas

Qatargas, RWE Ink SPA Deal for LNG Deliveries

Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North West Europe for seven and a half years. Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors, said: “Qatargas is committed to providing reliable, clean energy to consumers all over the world.

Graph: CE Delft

The Impact of Hull Form on Efficiency

There is a growing interest in the fuel efficiency of ships because of fuel prices, climate change and energy security issues. This has resulted in, amongst other things, a regulation governing the design efficiency of new ships called the Energy Efficiency Design Index (or EEDI for short). As of 2013, new ships are required to have an EEDI that meets or exceeds a target. The required EEDI is set as a percentage efficiency improvement relative to a baseline constructed from the average design efficiency of ships that have entered the fleet in the period 1999-2008.

Image: Organisation for Economic Co-operation and Development (OECD)

Ocean Economy Set to Double in Size by 2030

The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010. "Calculations based on the OECD’s Ocean Economy Database value the ocean economy’s output (measured in terms of the ocean-based industries’ contribution to economic output and employment) in 2010 at USD 1.5 trillion, or approximately 2.5% of world gross value added (GVA)," says a new Organisation for Economic Co-operation and Development (OECD) report. With more sustainable development, it can more than double in size to touch over US $ 3.2 trillion by 2030.

Image: 2b1stconsulting

CLP Eyes Floating LNG Terminal

Hong Kong's largest power company, CLP Holdings Ltd., is considering a plan to establish the city's first offshore liquefied natural gas (LNG) terminal in the waters east of the Soko Islands, off southern Lantau, that will enable it to tap more gas from international markets. This will come nearly a decade after it shelved a land-based version of the project in the southern Sokos despite government approval. A 25-year gas deal with the mainland was signed instead. An offshore LNG terminal…

Map by  National Geographic Society

Saudi-Iran Standoff and Oil Tankers

The Saudi-Iran standoff is certainly one to worry over given its ramifications for oil supply as they sit on either side of the Persian Gulf, the world’s biggest concentration of oil tankers, reports Bloomberg. The Strait of Hormuz at  the mouth of the Persian Gulf is the world’s most important choke point for oil shipments, with about 17 million barrels of crude passing through daily. World chokepoints for maritime transit of oil are a critical part of global energy security. About 63% of the world's oil production moves on maritime routes.

Image: Hindustan Shipyard Limited

India Announces $615 mln Package for Ship Builders

The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has cleared a Rs.4,000-crore ($615 mln) package to spur India’s ship building industry, combined with a slew of incentives. The sops include the right of first refusal on all government purchases for Indian shipyards, tax incentives and the ‘infrastructure’ status for shipbuilding and ship repair industry that would help them tap easier financing. The measures are aimed at countering the cost disadvantage involved in ship building. The measures includes grant of financial assistance to shipyards.

House Passes Bill Axing Oil Export Ban, Obama Veto Looms

The U.S. House of Representatives passed a wide-ranging bill on energy reforms on Thursday that includes a measure to repeal the 40-year-old oil export ban, but the legislation did not get enough votes to overturn a potential veto by President Barack Obama. The North American Energy Security and Infrastructure Act passed 249 to 174, but did not get the 290 votes needed to overcome a veto. The bill would also speed the permitting of liquefied natural gas (LNG) exports and improve the aging power grid.

The LNG terminal in Świnoujście. Photo: Polskie LNG S.A

LNG Port in Poland Opened

The Świnoujscie LNG terminal in northern Poland is ready to receive its first shipment of gas, with a tanker leaving Qatar on its way to Poland. The tanker carrying LNG left Qatar-based Ras Laffan port on last Friday and is heading to the LNG terminal. The vessel is to reach the Polish port on December 11. Over 200,000 cubic meters of fuel will be transpoerted to Poland by Qatargas. Just a few days ago, PAP reported that following an audit of the terminal in Świnoujście, the Qatar…

Pori LNG terminal Photo: Gasum Oy

EC Approves Aid for Finland's First LNG Terminal

The European Commission has approved under EU state aid rules Finland's plans to grant €23 million to construct a small scale LNG terminal at Pori on Finland's west coast. The European Commission has concluded that Finland's plans to grant €23 million of public funding for the construction of a small scale LNG terminal at Pori, in the Satakunta region on Finland's west coast, are compatible with EU state aid rules. The project aims to encourage the use of LNG as fuel for ships, in place of fuel oils and liquefied petroleum gases.

Innovation Continuous Ship Unloaders are delivered to the Port of Immingham

ABP Named 'Business of the Year'

Associated British Ports (ABP) has been named Business of the Year at the Rail Freight Group awards last night. Judges hailed ABP’s record of innovation in the freight sector, particularly the Immingham Renewable Fuels Terminal (IRFT) on the Humber, the UK’s most technically advanced biomass handling facility. The £130m terminal was also runner up in the Technical Development award category. Tony Berkeley, RFG Chairman, said: “ABP is a well-deserved winner of the business of the year award.