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Thursday, November 21, 2019

Natural Gas News

Image: AG&P

AG&P Invests in Kanfer Shipping, Eyes LNG

Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Norway-based Kanfer Shipping.Kanfer is a developer of small-scale LNG sea transportation, maritime break-bulk solutions, floating storage facilities as well as LNG bunkering. Together, Kanfer and AG&P will make LNG more accessible and commercially viable for downstream customers in new and growing natural gas markets."Kanfer has captured the attention of the global LNG maritime infrastructure industry with its patented…

© Anatoly Menzhiliy / Adobe Stock

Oil and Gas Ushers Norway Trade Rebound

Norway's trade balance bounced back to a surplus last month from a rare deficit in September as oil and gas output recovered, Statistics Norway reported on Friday.The surplus for October stood at 5.9 billion Norwegian crowns ($645.22 million), and followed a deficit of 1.4 billion crowns the previous month.September's deficit, only the third negative reading of any individual month this century, was caused by a sharp fall in natural gas exports as producers held back production amid a slump in prices.(Reporting by Terje Solsvik)

Pic: Gasum

Gasum on an Acquisition Spree

Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG."These acquisitions will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport," said a press note.The transaction will improve access to competitive natural gas and biogas…

Source: DNV GL

Maritime 2050: Facing the Decarbonization Challenge

The International Maritime Organization (IMO) greenhouse gas (GHG) strategy signals a true game changing moment for the shipping industry. External pressure was building, but the IMO strategy sets a time line and goals for shipping to tackle one of the great challenges of our time. The GHG strategy gives our latest Maritime Forecast to 2050 its focus, and with this publication we attempt to set out the different strategies and pathways the industry can take to reach these goals.The first conclusion from the report is a sobering one.

Photo: ADNOC

BP, Total Pact for Adnoc LNG Supply

The state oil giant Abu Dhabi National Oil Company (ADNOC) signed agreements with BP and Total to book the majority of its liquefied natural gas (LNG) production up to the first quarter of 2022.With the transactions, ADNOC LNG has continued to expand its footprint into new regions and markets, said a press release.“With these new supply agreements, ADNOC LNG has shown that it can react quickly and decisively to changing market conditions while ensuring the security and quality of delivery,’’ said ADNOC LNG CEO, Fatema Al Nuaimi.

Pic: Indian Oil Corporation Ltd

Asian LPG Market to Cross $109Bln by 2024

The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG  as a fuel for power generation in remote and off-grid locations in comparison to its less environment-friendly alternatives like coal, diesel and fuel oil.Increasing demand for LPG used to run vehicles (Autogas)  is being witnessed as it is a comparatively cheaper automotive fuel and can be used in vast applications related to transportation…

MPA CE@ Ms Quah Ley Hoon. Photo: Maritime and Port Authority of Singapore (MPA)

Singapore Extends MSGI Scheme Till 2024

The Maritime Singapore Green Initiative (MSGI), which was due to expire at the end of the year, will also be extended by five years, said Maritime and Port Authority of Singapore (MPA) chief executive Quah Ley Hoon."As a key maritime nation, Singapore is committed to promoting environmental sustainability of the industry. MPA has reviewed its MSGI to keep it relevant, with a new focus on decarbonisation," she said.Under the enhanced MSGI, new carbon emissions-related incentives…

”Polar Alaska”, transporting the first cargo of LNG to Japan. Photo: JERA

50 years of LNG imports in Japan

Japanese gas buyers marked the 50th anniversary since the first cargo of liquefied natural gas arrived in Japan, now the world’s biggest importer of the fuel.On November 4th, 1969, LNG was first imported to Japan. Tokyo Electric Power Company (now JERA Co., Inc.) and Tokyo Gas, through Mitsubishi Corporation acting as a buyer’s agent, started receiving LNG in 1969 from the Alaska LNG Project with Phillips Petroleum (now ConocoPhillips) as a seller.Demand for LNG and natural gas is expected to further increase globally, especially in the emerging countries.

Bunkering LNG fuel, From the left: Toho Gas, Executive Vice President, Shinji Niwa, MOL, Executive Vice President, Takeshi Hashimoto. Photos: MOL

MOL Conducts LNG Bunkering at Nagoya Port

Japanese utility Toho Gas and shipping company Mitsui OSK Lines (MOL) carried out a demonstration test to supply liquified natural gas (LNG)  to the to the tugboat Ishin at the Japanese port of  Nagoya.This marked the first LNG bunkering in the Port of Nagoya, and the test confirmed that LNG can be safely supplied to vessels at the port.LNG was transported via truck from the Toho Gas Chita-Midorihama LNG Terminal (Chita-shi, Aichi Prefecture), and supplied with a truck-to-ship system to Ishin…

Image Credit:MarineTraffic.com / © O.B.

Russian Gas Tanker to Lift U.S. LNG

A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for a liquefied natural gas (LNG) terminal in the United States, ship tracking data from Refinitiv's Eikon showed on Friday.The collection of an LNG cargo from the United States by a Russian tanker would be potentially awkward for Putin and Kremlin-controlled gas company Gazprom, which leased out the vessel to Austrian company OMV in August until November.Two industry sources…

Pic: GasLog

GasLog Sees Tighter LNG Shipping Market

GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher utilization of the global fleet.These underlying trends in the LNG commodity and shipping markets point towards a structurally tighter market through 2020 and into 2021.As of October 28, 2019, the LNG fleet and orderbook (excluding floating storage and regasification units (FSRUs) and vessels with capacity below 100…

Rotterdam LNG terminal. Pic: Port of Rotterdam

LNG Terminals Market to Grow 3% by 2022

The large-scale LNG terminals market size is expected to post a CAGR of close to 3% during the period 2018-2022, according to the latest market research report by Technavio.The rising demand for clean fuels is one of the major reasons for the growth of the large-scale LNG terminals market. Fossil fuels constitute a major source of energy to cater to the demands from the residential, commercial, and industrial sectors. However, they result in heavy emissions of CO2 and other greenhouse…

Pic: BAM International

BAM Bags 2nd JV Contract in Canada

JGC-Fluor joint venture has awarded BJM the contract for the construction of the LNG Canada MOF, a material offloading facility to support the realization of a LNG export facility in Kitimat on the west coast of Canada, British Columbia (approximately 600 km north-west of Vancouver).BJM is a joint venture between BAM International (the operating company of Royal BAM Group active outside Europe), JJM Construction (Canada) and Manson Construction (USA).The project is part of the overall LNG Canada project.

Photo: Chantiers de l’Atlantique

Steel Cut for 1st LNG-fueled Ship in France

MSC Cruises, a global cruise line registered in Switzerland and based in Geneva, has held a steel-cutting ceremony for its first new-generation World-Class ship at the Chantiers de l'Atlantique shipyard in Saint-Nazaire, France.The first of five liquefied natural gas (LNG) powered cruise ships on order, MSC Europa is the first LNG ship to be built in France.On the occasion of the cutting of the first steel ceremony held in Saint-Nazaire, MSC and Chantiers de l’Atlantique unveiled…

file Image: QGTC

Poland's PGNiG to Charter LNG Tankers

Poland's state-run gas firm PGNiG has started the tender process to charter liquefied natural gas (LNG) tankers for its new imports of the super-chilled fuel, a senior company official said on Wednesday.The company currently imports most of the gas it sells to its customers from Russia's Gazprom, but Warsaw has taken steps to reduce that reliance so that it does not have to extend a long-term deal on gas supplies after 2022, when it is scheduled to expire.It has bought more LNG from Qatar and the United States and has signed import deals with companies including U.S.

A Euronav tanker in Drydock. Credit: Euronav

Euronav Readies Fleet for IMO 2020 Start

Belgian tanker operator Euronav expects to complete preparations on its fleet in coming weeks ahead of tougher rules next year limiting sulphur emissions from ocean-going vessels, a company executive said on Tuesday.Ship owners must cut emissions by reducing the sulphur content in fuel to 0.5% from 3.5% under the rules, which are set by the United Nations' International Maritime Organization (IMO), and come into effect in January.To comply, ship owners can use low-sulphur fuel…

Vancouver Fraser Port Authority. Image: SEA\LNG

B.C. Backs LNG Bunkering

The British Columbia Government has joined Vancouver Fraser Port Authority and FortisBC to establish the first ship-to-ship LNG marine refueling – or bunkering – facility on the west coast of North America.The use of LNG to power the world’s ocean-going vessels is forecast to expand and B.C. is well positioned to benefit from this growth.According to industry standards, replacing diesel fuel with LNG has the potential to reduce greenhouse gas (GHG) emissions by approximately 20%. Because FortisBC’s Tilbury facility runs on clean B.C.

Image: Viking Line

Viking Line Intros Climate-Smart Ship

Finland's Viking Line says that its newbuild cruise ferry, the 63,000 gt M/S Viking Glory, will be one of the most climate-smart passenger ships in the world.According to the shipping company that operates a fleet of ferries and cruise-ferries between Finland, the Åland Islands, Sweden and Estonia, it is estimated that the ship will consume up to 10% less fuel than M/S Viking Grace, which is smaller and was hailed as the world’s most eco-friendly ship of its time. Viking Glory will launch into service in 2021 as the first ship in the world to be equipped with Wärtsilä 31DF dual fuel engines…

Photo: SEA\LNG

FortisBC Joins SEA\LNG

Canadian liquefied natural gas (LNG) provider FortisBC has joined SEA\LNG, a multi-sector industry coalition accelerating the widespread adoption of LNG as a marine fuel.Peter Keller, Chairman, SEA\LNG, said: “We’re pleased to welcome FortisBC to the SEA\LNG coalition. Our North American member network grows as the appetite for LNG as marine fuel expands across the globe.”FortisBC brings to the coalition nearly 45 years’ experience in LNG production in Western Canada. It owns and operates two LNG facilities on the west coast…

Photo: Port of Antwerp

Antwerp Port Inaugurates Solar Farm

The Port of Antwerp has inaugurated the first Concentrated Solar Thermal farm (CST) in Europe as part of its efforts to make its operations more eco- friendly.The pioneering energy technology generates eco-friendly heat from concentrated sunlight that can be used by industrial companies, claimed a press release from Europe’s second-largest seaport. The plant was installed for Adpo by the Genk-based energy company Azteq as part of a pilot project co-financed by the Flemish government.Industrial…

Yamal LNG Tanker JV No Longer Under Sanctions

Teekay LNG's liquefied natural gas (LNG) tanker venture, the Yamal LNG Joint Venture, is no longer subject to U.S. sanctions after a change of ownership at its partner China LNG Shipping (Holdings) Ltd, Teekay companies said late on Tuesday.Teekay LNG and China LNG Shipping each own half of Yamal LNG Joint Venture.

A five-member team from NUS Engineering, Keppel Data Centres and SLNG will jointly develop a prototype to demonstrate the novel, energy-efficient and cost-effective cooling technology for data centres. Photo:  National University of Singapore

Singapore: LNG Terminal to Develop Data Center

The National University of Singapore's Faculty of Engineering (NUS), Singapore LNG Corporation (SLNG) and Keppel Data Centers Holdings join forces to develop new energy-efficient cooling technology for data centers.This innovation could further pave the way for more sustainable and compact data centers, said Singaporean conglomerate Keppel Corporation.With the rapid expansion of cloud-based services, AI, the Internet of Things and big data analytics, there has been an exponential demand across the globe for data centers in recent years.

Pic: Nakilat

Nakilat Posts 10.5% Surge in 9 Month's Net Profit

Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world, comprising 69 vessels, said in a press note that its positive financial performance can be primarily attributed to better operational performance in managing its liquefied natural gas (LNG) and liquefied petroleum gas (LPG)…

Photo: Total

Total’s First LNG Bunker Vessel Launched

Total said its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018.After delivery in 2020, the bunker vessel will operate in Northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM’s nine ultra-large newbuild containerships in Europe-Asia trade, for a period of at least 10 years.The LNG bunker…

The Q-LNG 4000 bunker barge was launched by builder VT Halter Marine (Photo: VT Halter Marine)

US-flagged LNG Bunker Barge Launched

America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’.6”, will be operated as part of an articulated tug and barge (ATB) unit designed to meet the requirements of American Bureau of Shipbuilding (ABS) and the International Gas Carrier code as an LNG bunkering barge.Its tug, the Q-Ocean Services, is scheduled to launch late October.

©2019 Martijn Gijsbertsen / Marco Vet

C-Job CEO Basjan Faber was Born to Design

Born and raised on the water by entrepreneurial parents, Basjan Faber knew from a young age that his future and fate was in maritime, specifically ship design. Today the CEO leads a vibrant, diverse and fast-growing naval architecture firm that he co-founded with partners in 2007. Headquartered in Amsterdam, C-Job has a unique approach to its business and is expanding its international footprint, as Maritime Reporter & Engineering News discovered when we visited with him in The Netherlands last month.“I have always been inspired by ships…