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ConocoPhillips Signs Agreement with Freeport LNG

ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cu. Ft. (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility, and provide a significant portion of construction funding. The management of Freeport LNG Development will remain in place and be responsible for all commercial activities and customer interface for the remaining capacity in the facility. The terminal will be designed with a storage capacity of 6.9 BCF and send-out capacity of 1.5 BCF per day. Natural gas will be transported through a 9.4-mile pipeline to Stratton Ridge, Texas, which is a major point of interconnection with the Texas intrastate gas pipeline system. The Freeport LNG terminal is being developed in response to the growing need for new natural gas supplies for commercial, industrial and residential consumers in Texas. “This significant step in our LNG import and regasification development effort provides a near-term opportunity to serve the growing U.S. natural gas market,” said Jim McColgin, ConocoPhillips vice president of exploration and business development


JV Wins $2bln Freeport LNG Contract in US

Photo: Freeport LNG Development, L.P. (Freeport LNG)

 A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural gas (LNG) train at Freeport LNG in Texas, US.   Upon completion, the three-train facility will have a total export capacity of more than 13.9 million tons per year of liquefied natural gas.   The deal requires the JV to provide engineering


FERC authorizes Freeport LNG project

The Federal Energy Regulatory Commission (FERC) issued an Order granting authorization for construction and operation of a liquefied natural gas (LNG) terminal on Quintana Island, near Freeport, Texas. The facility is to include, among other things, an LNG ship maneuvering area, a protected single-berth unloading dock, and a storm protection levee. Plans call for the facility to be in operation for the 2006-2007 winter heating season. Docket No. CP03-75-000 (HK Law).


ConocoPhillips Signs Agreement with Freeport LNG

ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cubic feet (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility


Washington State Ferries Explores LNG

Renderings of LNG tanks on an Issaquah class ferry

Washington State Ferries (WSF) is exploring an option to use liquefied natural gas (LNG) as a source of fuel for the Issaquah Class ferries. LNG is used worldwide and provides an opportunity to reduce fuel costs, and better the environment by decreasing emissions. Saving money, cleaner environment, energy independence Fuel is WSF's fastest growing operating expense; it burns more than 17 million gallons each year. Its fuel budget is over 30 percent of the FY11-13 operating budget


FERC Approves Freeport LNG Export Project

file photo: LNG carrier

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.S. LNG export project to get the green light to begin construction from the Federal Energy Regulatory Commission. (FERC order: http://1.usa.gov/1ocKyca) The planned project would have the capacity to export up to 1.8 billion cubic feet a day of LNG once operational.


Konecranes Receives Third RTG Order

On May 31, Konecranes announced a rubber-tired gantry (RTG) order from Malta Freeport Terminals that included an option for a further ten RTGs. Malta Freeport Terminals has now taken up this option, and in August the companies signed an agreement for the additional ten RTGs. The crane deliveries will start in the second quarter of 2008. This is Konecranes' third RTG order from Malta Freeport Terminals, which after delivery of this order will have 30 Konecranes RTGs in its fleet


LNG's March to the Sea

The LNG industry is beginning to move offshore, in part as a defensive tactic to avoid the safety and security concerns of local citizens to shore-based terminals and, in part, as an offensive move to access more gas reserves and possibly gain manufacturing and scale efficiencies. Project developers and the engineering contractors and equipment manufacturers that support them are working out the technical challenges of marinizing liquefaction, storage, loading, unloading and regas systems


E.ON, Mitsui Ink LNG Transport Deal

E.ON has struck a deal with Japanese shipping group Mitsui OSK Lines LTD (MOL) to transport liquefied natural gas from the United States, the German utility said in a statement on Thursday. Running over 20 years, the shipping agreement includes capacity of up to two LNG vessels transporting about 800,000 tonnes of LNG from U.S. Gulf projects per year, including the planned terminal near Freeport, Texas, E.ON said.


SK Shipping Selects 5X72DF for LNG Carriers

WinGD 5X72DF engine

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF (5X72DF) engines for each of a pair of 180,000 m3 LNG carriers ordered by South Korean shipowner SK Shipping Co., Ltd (SK). The shipbuilding contract was signed in May 2016. The twin-skeg LNG carriers will be built by Hyundai Heavy Industries (HHI) and the engines by Hyundai Heavy Industries Co


Steel Cut for World's First LNG Cruise Liner

(Photo: AIDA Cruises)

German shipbuilder MEYER WERFT held a steel cutting ceremony on February 21 in Papenburg marking the ceremonial start of construction for the newest cruise liner for Rostock-based cruise company AIDA Cruises. The new cruise ship will be the world’s first capable of operating completely on


MOL to Restructure Organization

Chart: Mitsui O.S.K. Lines

 The Japanese shipping company  Mitsui O.S.K. Lines, Ltd (MOL) will restructure its organization effective April 1, says a press statement from the company.   MOL is establishing the Product Transport Business Unit, under which much of the carrier and port divisions will reside


Fosmax Mulls LNG Bunkering at Fos Cavaou

Aerial photograph of the Fos Cavaou LNG terminal. Photo: Fosmax LNG

 France's Fosmax LNG has announced that it is considering making short/medium-term investments to modify its existing facilities to make them capable of receiving both existing and planned small scale LNG vessels at the Fos Cavaou LNG terminal, near Marseille.  


Fewer Bunkers in Rotterdam in 2016

Photo: The port of Rotterdam

 In 2016 the sale of bunker oil - fuel for shipping - in the Rotterdam bunker port diminished from 10.6 million m3 to 10.1 million m3.    There is no reason known for this decline. For the first time, ships bunkered a sea-going vessel with LNG, liquefied natural gas, in Rotterdam


Weather Halts North West Shelf Liftings

Loading of cargoes from Australia's North West Shelf (NWS) liquefied natural gas (LNG) and condensate project has been halted due to adverse weather, traders with direct knowledge of the matter said on Wednesday.   It remains unclear when cargo loadings at the port of Dampier will resume


Higher Profits for MISC

Photo:  MISC Berhad

 Liquefied natural gas (LNG) shipping company has released its financial results for the year ended 31st December 2016 which show Group revenue for the quarter and the year were low than the corresponding periods for 2015.   Group profit before tax for the quarter ended 31st December


Shell, Pavilion Gas to Supply Singapore with LNG

File Image: an LNG carrier (CREDIT: GAC)

Shell and Pavilion Gas will start supplying Singapore with liquefied natural gas (LNG) later in 2017 under contracts awarded last year, the city-state's trade minister said on Tuesday.   "We will also allow interested parties to import spot LNG in the second half of 2017


First Purpose-built LNG Bunkering Vessel Delivered

Photo NYK Line

ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea


Hanjin Heavy Delivers Purpose-Built LNG Bunkering Vessel

Photo: ENGIE

ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea.   


Shell: LNG Demand Strong to 2030

LNG Demand Set to Outpace Gas Demand Growth from 2015 to 2030   Shell launches LNG Outlook Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year


LNG Bunkering Commences in Australia

(Photo: EVOL)

First Australian commercial LNG bunkering completed in WA’s north-west on 23 January 2017 by EVOL LNG for Woodside   Under an agreement with Woodside, EVOL LNG refueled the platform supply vessel, Siem Thiima, on January 23 at King Bay Supply Base near Dampier


Novatek Says No Need to Borrow More for Yamal LNG Project

Russia's largest private gas producer Novatek has no need to increase borrowing as it has sufficient funds for investments into its Yamal LNG project, the company's management said on Wednesday. At a conference call with analysts, Novatek's chief executive Leonid Mikhelson said his company has


OLT Seeks up to 20 LNG Cargoes

File Image: Credit Parker Bestobell

Italy's OLT LNG import terminal moored off the Tuscan coas t is seeking up to 20 cargoes of liquefied natural gas (LNG) for delivery between April and September, two trade sources with direct knowledge of the tender said on Thursday.  


GasLog LNG Services Selects E-learning Solution

Pictured in the center-left, Mr. Theofanis SALLIS, General Manager of Operations of GasLog in Greece, along with Mr. Ioannis ATHANASOPOULOS (center-right), Managing Director of Seagull Greece. On the far left, Mr. Antonios LIAPPIS, Marine HR Manager of GasLog. On the far right, Mrs. Archontia LENI, Competency Assurance Manager of GasLog. (Photo: GasLog)

LNG tanker shipmanagement company GasLog LNG Services Ltd. has selected Seagull Maritime’s e-learning material & Competence Management platform for use fleet-wide, in manning offices and online, along with the Crew Evaluation System for its main office in Greece.  


Teekay LNG Reports Profit in 4Q

Phto: Teekay Corporation

 Teekay LNG Partners has reported GAAP net income attributable to the partners and preferred unitholders of $84.4 million and adjusted net income attributable to the partners and preferred unitholders of $29.0 million in the fourth quarter of 2016.  






 
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