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Monday, December 17, 2018

Natural Gas News

Saad al-Kaabi, President & CEO. Photo: Saad Sherida Al-Kaabi

Qatar to Invest USD 20 bln in US Energy Sector

Peninsular Arab country Qatar has said that it plans to invest more than $20 billion in the US energy sector over the next five years.According to a report in Reuters, minister of state for energy affairs of the energy-rich Qatar Saad Sherida Al-Kaabi, who is also the  President & CEO of Qatar Petroleum, said he is looking to invest in US oil and gas sectors as well as unconventional resources.The report quoted Saad as saying: “North of USD20 billion will be invested over the…

Yoshihisa Suzuki. Photo: Gazprom

Gazprom, Itochu Sign MoU on Baltic LNG

Russian oil and gas company Gazprom and Japanese trading house Itochu have signed a memorandum of understanding (MoU) on the proposed Baltic liquefied natural gas (LNG) export project."With this document, the parties confirmed their interest in potential cooperation in the framework of the project," said a press note from the Russian gas giant.A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Yoshihisa Suzuki, President and Chief Operating Officer of Itochu Corporation, took place in St.

Image: Petronas

Petronas Wants Malaysia to be Regional LNG Bunkering Hub

Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019.“As a major player in the LNG business, PETRONAS is well-positioned to support the strategic intent for Malaysia to become the regional LNG bunkering hub,” it said in the Petronas Activity Outlook 2019-2021 report."Efforts are now being put in place towards advocating LNG as the preferred marine fuel of choice. In close collaboration with industry associations like MOSVA…

AIDAnova (Photo courtesy of AIDA)

Carnival's First LNG Powered Ship Delivered

Carnival Corp on Wednesday launched its first liquefied natural gas (LNG)-powered ship in Germany as the world's largest cruise operator tries to cut its carbon footprint.Addition of LNG ships are part of Carnival's ongoing fleet enhancement strategy and 20 new vessels are scheduled for delivery between 2018 and 2025.The shipping industry have been forced to look for cleaner options such as LNG after the International Maritime Organization introduced tough new rules on use of marine fuel.Strategically important ports such as Gibraltar are already preparing to offer upgraded facilities to meet

Image of LNG carrier to be built by NYK Line

NYK in Charter Agreement with Mitsubishi

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed long-term contracts with Diamond Gas International Pte. Ltd. (DGI), a wholly owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers.Previously, NYK concluded long-term time-charter contracts for three new LNG vessels for MC’s Cameron LNG project, so these most recent contracts bring the total to six carriers for MC.The NYK Group will be responsible for ship management for the three ordered LNG carriers…

Pic: NYK Line

NYK Line Signs TC for Two LNG Carriers with Total

Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The two LNG carriers will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

Photo: ADNOC Logistics & Services

ADNOC, Inpex in LNG Bunkering Pact

ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering activities to cover other regions, including Southeast Asia, said a press release from the Abu Dhabi-based integrated shipping and logistics company.The use…

A typical FSRU (CREDIT Excelerate

LNG Import Terminal Proposed for Australian port

A South Korea-based company has proposed building a terminal on Australia's east coast to import liquefied natural gas, the fifth proposal for such a project in the world's No.2 LNG exporter.The proposals have come after three new LNG export plants on the east coast have sucked gas out of the southeastern market and nearly tripled wholesale gas prices in places such as Sydney over the past two years.EPIK, a newly-formed LNG floating storage and regasification unit (FSRU) project development company…

Atypical LNG carrier enroute to berth. (File image / Adobestock / © Fotmart

Floating LNG in Asia Finds Buyers as Prices Plunge

Nine or more tankers on the way or discharged into Asia, while at least five still holding LNG off Singapore.Several liquefied natural gas (LNG) cargoes that had been stored on vessels in Asian waters are now heading towards buyers' terminals in China, Japan or South Korea as spot prices for the super-chilled fuel have plunged this week to multi-month lows.At least nine LNG tankers are now on their way or have already offloaded cargoes to buyers after floating off Singapore, Malaysian or South China waters for up to two months…

File Image: a fully laden LNG tanker transits the Med in this recent image. Credit: Robert Murphy

Rising Ship Supply Eases LNG Charter Rates

Limited availability drove LNG shipping rates to highs; but prices now falling as more ship supply becomes available.Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months.LNG charter rates are a key component of spot LNG trade, dictating the way the super-cooled gas is transported. Charter rates usually follow the price of LNG, which has fallen since September due to sluggish demand from Asian buyers.Rates have remained high for most of this year…

Pic: Höegh LNG

Hoegh LNG Partners Appoints New CFO

The floating liquefied natural gas (LNG) company  Höegh LNG Holdings announced that Håvard Furu is appointed as new Chief Financial Officer (CFO) of Höegh LNG AS effective 1 March 2019.The interim CFO, Steffen Føreid, will step down effective 1 March 2019 and will from then continue in his role as Chief Executive Officer and Chief Financial Officer of Höegh LNG Partners LP.Håvard Furu comes from the position as CFO of law firm Wikborg Rein. Before that he was CFO in Western Bulk…

Cheniere has been a leader in U.S. LNG terminal evelopment. This file image (CREDIT: Cheniere) shows its Sabine Pass Operations.

Vessel arrives at Cheniere's Corpus Christi LNG Plant

A liquefied natural gas (LNG) vessel, the Maria Energy, arrived at Cheniere Energy Inc's $15 billion Corpus Christi LNG export facility in Texas on Saturday, according to Reuters vessel tracking data.This is the second vessel to visit Corpus since Cheniere started producing LNG in November at the plant's first liquefaction train, a building-sized unit used to cool natural gas into LNG. It could be the first vessel to pick up a cargo there.Cheniere said the first vessel, LNG Golar Tundra, did not pick up LNG.

Pic: Renault

Renault to Use NEOLINE Sailboats

French automaker Groupe Renault partners with NEOLINE, designer and operator of cargo sailing ships, to experience a new maritime transport solution and reduce the carbon footprint of the Group’s supply chain.Groupe Renault announced the signing of a 3-year partnership with Nantes start-up NEOLINE to develop a more sustainable maritime transport service powered by wind, and to contribute to the environmental management of its logistics chain while nearly 60% of the Group's parts and vehicles are transported by sea.Jean-Philippe Hermine…

LNG Carrier Hits Berth in Russia

The Grand Elena tanker, carrying 145,000 cubic meters of liquefied natural gas (LNG), has hit a loading berth at Russia's Sakhalin Energy project on Tuesday and its departure has been delayed, a spokeswoman for the project told Reuters.She said it was not yet clear when the vessel would depart the port. Japan is the main consumer of the Sakhalin Energy LNG, which produces more than 10 million tonnes of the frozen gas per year.There has been no leaks of gas from the tanker and no one was injured, the spokeswoman added.(Reporting by Vladimir Soldatkin; Editing by Gopakumar Warrier)

Image: LNG Gothenburg

Swedegas Renewable Gas Bunkering at Gothenburg Port

Swedegas, the owner of the gas grid in Sweden, conducted the first liquefied natural gas (LNG) bunkering operation at its new facility at the Port of Gothenburg.Gothenburg-based shipping company Terntank was the very first operator to take on  LNG at a new bunkering facility, said the Swedish owner and operator of the high-pressure gas grid.Not only liquefied natural gas, LNG, but also liquefied biogas, LBG, it added.“Being able to offer this unique opportunity represents a major breakthrough…

Image: Baleària

Baleària Rolls-out LNG-Fueled Ferry Marie Curie

Baleària shipping company, based in Dénia and a world pioneer in the use of liquefied natural gas (LNG) as fuel, has launched Marie Curie, its new smart ship with LNG engines.The launching ceremony took place at Cantiere Navale Visentini in Italy. The newbuilding is the company’s first ferry fueled by LNG that will operate in the Mediterranean.Marie Curie is one of two dual-fuel, gas-powered ferries being built at the yard, located near Venice. The sister vessel, Hypatia de Alejandria, is also nearing completion.

Image: Skangas

Skangas Becomes Gasum

Skangas, the leading Scandinavian distributor and producer of small-scale LNG, said it is changing its name to that of its owner, Gasum.The Finland-based integrated gas company Gasum increased its shareholding in the Liquefied Natural Gas (LNG) company Skangas from 70% to 100% in October 2018. The acquisition is part of the Gasum strategy, a core element of which is to develop the Nordic gas market and the LNG infrastructure.The name change will strengthen the Gasum brand in the Nordic countries and the position of Gasum as the leading provider of liquefied natural gas (LNG) in the region.

Image: Hapag-Lloyd

Hapag-Lloyd Commits to EGCS Retrofitting

German container shipping major Hapag-Lloyd announced its plan to retrofit ten vessels with Exhaust Gas Cleaning Systems (EGCS). Ten Hamburg Class vessels (13,000 TEU) to be retrofitted in 2019 and 2020, it said.Hapag-Lloyd has ordered ten Hybrid Ready Exhaust Gas Cleaning Systems (EGCS), which will be gradually installed to ten of Hapag-Lloyd’s Hamburg class vessels (13,000 TEU) during 2019 and 2020. This will allow the company to comply with the upcoming IMO2020 low sulphur…

Pic: Exmar

Exmar Bags FLNG Contract from YPF

Belgium's Exmar and YPF of Argentina announced the signing of a firm, ten-year agreement to deploy Exmar’s barge-based floating LNG liquefaction unit (FLNG) currently known as Caribbean FLNG to produce and export LNG from the Vaca Muerta source at the Neuquén Basin in Argentina.The project marks the entry of Argentina to the select club of global LNG exporting nations, with an initial plan to export 500,000 tons of LNG per year to overseas markets.Exmar’s FLNG barge will be named Tango FLNG and be deployed to the port of Bahia Blanca.

Arc7 Class Arctic Vessels for Yamal LNG Facility

A new ice-breaking liquefied natural gas (LNG) tanker of the Arc7 class has begun sea trials by South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) around the island of Geoje, Refinitiv Eikon data shows.The Nikolay Zubkov, formerly known as Hull DSME 2429, exited DSME's port on Geoje on Tuesday and has zig-zagged across the Korea Strait, the data showed. Ship trials for previous Arc7 carriers now in operation have lasted several months.The Arc7 tankers, for Novatek's Yamal LNG facility in northern Russia…

Image:  Port of Marseille Fos

Port of Marseille Fos Focus on Emission Cut

The port of Marseille Fos has set up a working group bringing together actors from the liquefied natural gas (LNG) sector to reflect on the development of LNG as a marine fuel with a view to reducing the impact of ships in the port of Marseille Fos.At the end of 2017, the Port of Marseille Fos set up a working group that brought together players from the liquefied natural gas (LNG) sector to reflect on developing LNG as a marine fuel with a view to reducing the impact of ships…

Image: Enagas

EC Selects Enagás Initiative to Boost LNG

The ‘LNGHIVE2: Infrastructure and Logistics Solutions’ project, coordinated by Enagás, has been selected by the European Commission ‘Connecting Europe Facility’ (CEF) for funding.The initiative aims to boost the use of liquefied natural gas (LNG) as a fuel for maritime and rail transport. The total investment in the project will be around EUR14 million, of which close to EUR3 million will be financed by European funds.The initiative, coordinated by Enagás and promoted by Puertos Del Eastado…

Image: Gasum

Posti to Use LNG Vehicles

Finland's leading postal and logistics service company Posti has taken into service two full trailer combinations powered by liquefied natural gas (LNG).Posti will be using the LNG vehicles for demanding transport operations. Posti's target is to reduce carbon dioxide emissions in proportion to net sales by 30% by 2020.Posti will be using the LNG-powered vehicle combinations for demanding transport operations on routes including Vantaa–Oulu, Vantaa–Lappeenranta and Vantaa–Turku.The vehicles will cover a daily distance of around 900 km…

Pic: American Midstream Partners, LP

Sunoco to Buy American Midstream Terminals

Pipeline transportation of natural gas company American Midstream Partners (AMID) has entered into a definitive agreement for the sale of its refined products terminalling business (Refined Products Terminals) to Sunoco, for approximately $125m.The transaction is expected to close in the fourth quarter of 2018, a release said.The divestiture of the Refined Products Terminals, located in Caddo Mills, Texas and North Little Rock, Arkansas, represents continued progress towards American…

Pic: Linde Group

Linde Group Bags Chinese LNG Contract

The technology company The Linde Group has been awarded a contract from Chinese chemical and energy company Inner Mongolia Huineng Coal Chemical Co Ltd to supply a mid-scale LNG plant near Beinichuan in Inner Mongolia."This will be Linde’s seventh and largest LNG plant to date in China and is in response to growing demand from customers in China," said a release from the company.Linde's Engineering Division will be responsible for engineering, procurement and site services for the LNG plant with a nameplate capacity of 750…

Pic: ESL Shipping

LNG Bulk Carrier Viikki Starts Baltic Sea Ops

The world's most eco-friendly bulk carrier m/s Viikki, owned by ESL Shipping, a subsidiary of the Aspo Plc, has started operating on the Baltic Sea.The 25,600-dwt vessel, 160 metres long and fuelled by liquefied natural gas, produces less than half of the carbon dioxide of previous vessel generation, thanks to LNG and many advanced technologies.M/s Viikki was built in China, and after completion first sailed to Japan to load a cargo of raw materials. From there, she arrived to the Baltic Sea through the Northeast Passage…