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Saturday, February 29, 2020

Liquefied Natural Gas News

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LNG Bunkering Operations Triple in Spain in 2019

Ship operators carried out 195 liquefied natural gas (LNG) bunkering operations at Spanish ports in 2019, 135 more than in the previous year, Spanish authorities said on Friday.81,704 cubic metres of LNG was supplied to ships during the year.The upward trend continued in January 2020, with 35 operations supplying 12,055 cubic metres.Spain has seven LNG terminals, more than any other country in Europe. The terminals have been or are being adapted to allow them to provide small…

Image: Port of Rotterdam

Green Bunker Demand Jumps at Rotterdam

Low-sulfur fuel sales rose sharply in Rotterdam in the last quarter leading up to the implementation of International Maritime Organisation (IMO) 0.5pc sulfur cap on 1 January.According to Port of Rotterdam, the demand for LNG, bio and low-sulfur bunkers has increased enormously in Rotterdam over the past year. Total sales in this largest European bunker port fell from 9.5 million m3 to 9 million m3.In the last quarter of 2019, sales of low-sulfur bunker oil with a maximum sulfur content of 0.5% – the so-called VLSFO, very low sulfur fuel oil – increased enormously.

Image: Elengy

Elengy Acquires Fosmax LNG

Elengy, a subsidiary of French energy group Engie, has acquired French energy group Total's 27.5% stake in Fosmax LNG, owner of the liquefied natural gas (LNG) terminal at Fos Cavaou in southern France.Elengy now owns 100% of its three LNG terminals: Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne. Until now Fosmax LNG was owned 72.5% by Elengy and 27.5% by Total Gaz Electricité Holding France (TGEHF).The acquisition of the shares is financed mainly by an increase in Elengy’s capital reserved for the Société d’Infrastructures Gazières (SIG).

Artist's impression of the new port (© Port of Ystad)

EU Loan Supports Ystad LNG Upgrades

The European Investment Bank (EIB) has signed a SEK 445 million ($45.6 million) loan agreement with the Municipality of Ystad to expand harbor facilities so that new, larger liquefied natural gas (LNG) vessels on the Swinoujscie-Ystad line can access the harbor.The port in the southern-Swedish town is a busy connection point to the Polish Port of Swinoujscie and the Danish island of Bornholm. The project aims at increasing the capacity and upgrading the Port of Ystad facilities in order to accommodate larger ro-pax vessels over 240 meters in length…

© Piyawat Hirunwattanasuk / Adobe Stock

China to Grant Tariff Exemptions on 696 US Goods

China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.Tuesday's announcement comes after the Phase 1 trade deal between the two countries took effect on Feb. 14 and is the third round of tariff exemptions China has offered on U.S. goods.China has committed to boosting its purchases of goods and services from the United States by $200 billion over two years as part of the agreement…

Image: OLT Offshore LNG Toscana

EU Clears OLT Takeover by SNAM and FSI

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…

From left to right: Sembcorp Marine President & CEO Mr Wong Weng Sun; Sembcorp Marine Head of R&D Mr Simon Kuik; Professor Tan Sze Wee, Assistant Chief Executive, Science and Engineering Research Council, A*STAR; and Mr Frederick Chew, CEO, A*STAR

Sembcorp in Offshore R&D Pact with A*Star

The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their research and development (R&D) collaboration for the offshore marine and clean energy sectors.By signing a master research collaboration agreement (MRCA) the two parties aim to “shorten the development cycle and time-to-market of new offshore, marine and clean energy solutions achieved through their research efforts”.Sembmarine and A*Star will set up Joint Lab@TBY…

Image: Qatargas

Shell, Qatargas Sign LNG Deal for Kuwait

The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait, commencing this year.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said, “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation.

The signing ceremony was held in Kuala Lumpur, Malaysia. Photo: K Line

K Line Orders LNGC with Hudong-Zhonghua

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has ordered two liquefied natural gas (LNG) carriers with  with Hudong-Zhonghua Shipbuilding backed by long-term contracts with Malaysia's energy giant Petronas.The 12-year contract to charter them to Petronas starts in 2022, with an option for an extension for a further 12 years.The two vessels will be built by Hudong–Zhonghua Shipbuilding , a wholly owned subsidiary of China State Shipbuilding Corporation, the largest shipbuilding group in China…

Graph: Rystad Energy

Australia Becomes World's Largest LNG Exporter

Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of the top spot."Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar, with its supplies expected to reach 81 million tonnes (MT) as Ichthys LNG and Prelude FLNG increase production," Rystad Energy said.Meanwhile, Qatari exports will remain at current levels, around 77 MT. The US will increase LNG exports from about 36 MT in 2019 to 56 MT in 2020, dominating new LNG supply contributions.

Image: Knutsen OAS Shipping

DSME to Build 2 LNG Tankers for KNOT

Knutsen NYK Offshore Tankers (KNOT), owner and operator of shuttle tanker operator, announced that it has been awarded a contract to build two  liquefied natural gas (LNG) fueled Shuttle Tanker.According to the fully integrated industrial shipping company, the two new 124,000 DWT LNG fueled shuttle tankers will be built by Daewoo Shipbuilding & Marine Engineering Co. Ltd shipyard in Korea with delivery mid-2022 and the vessels will operate in North Sea under time-charter contract…

© Riekelt / Adobe Stock

Coronavirus Paralyzes Oil, Gas Sales into China

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.Typically, trade would have revived after the Lunar New Year holiday at the end of January, but China has extended the break into February to try to contain the fast-spreading coronavirus, which has claimed nearly 500 lives.As a result…

Image: AB Klaipedos Nafta

KN to Operate LNG Terminal in Brazil

Lithuanian company AB Klaipedos Nafta (KN) has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu.To execute the contract, KN has established a company in Brazil and plans to form a team of up to 30 local specialists in 2020.KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens, signed an operation and maintenance services agreement for the provision of the relevant services.Following the signing of the agreement…

Image: Qatargas

Qatargas Delivers LNG Cargo to Indian Terminal

Doha-based liquefied natural gas (LNG) producer Qatargas has supplied a commissioning LNG cargo for India's newest LNG receiving terminal, Mundra.The cargo was loaded in Ras Laffan on 17 January 2020 on the Q-Flex LNG vessel, Murwab, with an overall cargo carrying capacity of 216,000 cubic meters. It arrived at Mundra terminal on 22 January 2020.Mundra is the second LNG terminal that Qatargas helped commission in India within the past year. It followed an earlier commissioning cargo which was delivered by the Company to the Ennore LNG receiving terminal…

Photo courtesy of Panama Maritime Authority

Carnival's Mardi Gras Flagged in Panama

Carnival bought their first cruise ship Mardi Gras in the 1970’s, nearly 50 years ago, and registered her under the Panama flag, now the new Mardi Gras will keep the tradition of flying the Panama flag.In a ceremony at the Meyer Turku shipyard, The Mardi Gras, left the dry dock to be positioned in the water en-route to her new location to finalize its interior and exterior outfitting.With a capacity for 5,282 passengers, Mardi Gras marks a milestone for both Carnival and the Panama Registry.

Image: Gasum

Gasum to Bunker Equinor's Tankers

Finnish utility Gasum has signed an agreement with Norwegian energy giant Equinor for the delivery of liquefied natural gas (LNG) to the latter’s crude shuttle tankers.The Nordic energy company said in a press release that the supply will commence when the shuttle tankers start operating during 2020.The LNG bunkering deliveries will mainly take place off Skagen, the most northern part of Denmark, and at Mongstad, close to Bergen, Norway. Gasum will utilize its Coralius LNG bunker vessel to perform this service.“We’re happy to support Equinor in its ambition towards cleaner shipping…

(File photo: Excelerate Energy)

Partners to Expand Pakistan LNG Inport Terminal

Excelerate Energy announced it has agreed with partner Engro Elengy Terminal Ltd. (EETL) to expand the EETL liquefied natural gas (LNG) import terminal in Port Qasim, Pakistan.Under the heads of agreement (HOA), Excelerate will exchange its existing floating storage and regasification unit (FSRU) Exquisite with a newbuild FSRU, Hull 2477, which is currently under construction at South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and due to be delivered in April 2020.

Image: Nigeria Liquefied Natural Gas

NLNG Signs LNG Supply Deal with Eni

African producer Nigeria Liquefied Natural Gas (NLNG) signed a long-term contract with the Italian energy major Eni SPA for the supply of 1.5 million tonnes/year of liquefied natural gas (LNG) for 10 years from Trains 1, 2, and 3 in Bonny Island, Nigeria.The LNG will be produced from the existing Trains 1,2 and 3 located in Bonny Island, Nigeria.Eni, through its local affiliate NAOC, is also one of the suppliers of the liquefaction plant, thus contributing to the valorization of associated gas resources in Nigeria.The deal…

"Fjord Line's cruise ferry Stavangerfjord was the vessel receiving Coralius' bunker number 200"; photographer: Geir Einarsen.

Gasum Performs 200th LNG Bunkering Operation

The Nordic energy company Gasum said its LNG bunkering vessel Coralius has successfully performed its 200th ship-to-ship LNG bunkering operation.The vessel receiving the LNG fuel was Fjord Line’s MS Stavangerfjord. The bunkering took place while Stavangerfjord underwent periodical maintenance at the Fayard yard in Odense, Denmark.“We normally supply LNG to Stavangerfjord by a loading arm on a regular basis directly from our LNG plant in Risavika,” said Gunnar Helmen, Sales Manager at Gasum.“It’s great to get this opportunity to supply the cruise ferry with LNG in dock in Denmark.

Photo: Wärtsilä

New LNG Bunkering & Fuel Supply System Simulator

Wärtsilä has launched a new LNG Bunkering & Supply System simulator. The simulator will promote greater safety on board liquefied natural gas (LNG) fueled vessels by improving the level of training for operators of LNG systems. The design is based on the Wärtsilä LNGPac and Gas Valve Unit (GVU) technologies, and includes all auxiliary systems used in connection with the fuel supply. The design is also in accordance with the STCW requirements for training seafarers onboard gas…

Image: Chantiers de l’Atlantique

MSC Cruises Orders 2 LNG-Powered Cruise Ships

Geneva-based global cruise line MSC Cruises has signed a contract with the French shipbuilder Chantiers de l’Atlantique to build the third and fourth liquefied natural gas (LNG)-powered MSC World Class ships.The two parties announced that a firm contract has been signed for the construction of two additional MSC World Class ships worth over 2 billion euros scheduled for delivery in 2025 and 2027.In 2017, Chantiers de l’Atlantique (previously STX France) signed a memorandum of understanding (MoU) with MSC Cruises for the construction of two cruise ships.

Photo: Kees Torn

29,476 Vessels Arrive at Rotterdam Port

2019 was a relatively safe year for shipping in the port of Rotterdam. Over the past year, the number of sea-going vessels arriving was about the same as in 2018: 29,491 compared to 29,476 last year.According to the port authority, the number of accidents also remained virtually the same: 113 compared to 112, which involved mainly ‘parking damage’. As there was one very serious accident, the NSI (Nautical Safety Index) – a reflection of nautical safety – was slightly below the norm (6.56 instead of 7).

Liquefied natural gas (LNG) being transferred into a container at JAXPORT. (Photo: JAXPORTl)

Florida Ports Leading the Way on Maritime Alternative Fuels

Florida's seaports and industry partners are investing in innovations to be more efficient and effective, including the implementation of environmentally friendly, less costly, domestically-produced natural gas as an alternative fuel, a recent report outlined.“Florida ports are leading the way in moving to cleaner, alternative energy sources, bringing tremendous environmental benefits to our transportation systems and our communities,” said Dr. Julia Nesheiwat, Florida’s Chief Resilience Officer under Gov.

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Mideast Tensions Create Insurance Headache for Tanker Owners

Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills.According to industry sources, payments known as war risk premiums for tankers shuttling through the Strait of Hormuz could rise significantly, adding hundreds of thousands of dollars to shipping costs in some cases that will ultimately…

Rolf Habben Jansen  (Photo: Hapag-Lloyd)

New IMO Rules Overshadow Hapag-Lloyd's Profit Outlook - CEO

Tougher rules on sulphur emissions from ships set by the International Maritime Organisation (IMO) from January burden the profit outlook for Germany's container shipping line Hapag-Lloyd this year after a good 2019, its chief executive said."This will make it difficult for us to achieve a better (2020) result," Rolf Habben Jansen told reporters in Hamburg in comments on the ban on ships using a sulphur content above 0.5% on risk of fines, which is shaking up oil and shipping.But with above-market growth rates in transport volumes in 2019…

Image by  LNGSTS

LNGSTS Hits 112 STS LNG Transfers in 2019

LNGSTS, a unit of Teekay Tankers, has closed the year 2019 with a record number of 112 open water liquefied natural gas (LNG) ship-to-ship (STS) cargo transfers.From November 2018, until July 2019, LNGSTS was the technical and manpower service provider for the largest ever LNG ship-to-ship project, located in Honningsvag, Norway, the company said in a press release.Under the challenging Arctic conditions, LNGSTS completed 123 STS operations from 11 different ARC7 vessels to 14…