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MOL, Mitsui Ink Charter Deal

Courtesy  Cameron LNG

  Mitsui O.S.K. Lines, Ltd. signed a contract with Mitsui & Co., Ltd. today (January 29) to charter a new 177,000m3 liquefied natural gas (LNG) carrier. This is the third newbuilding vessel chartered by Mitsui & Co., following a contract signed last September 26 for two carriers. MOL will manage the new vessels and transport shale gas-derived liquefied natural gas (LNG) from Cameron Project in Louisiana, the United States. Aiming toward its goal of "solid growth through innovative changes" set forth in the midterm management plan STEER FOR 2020, MOL continues to meet customers' needs for LNG procurement and offer safe, high-quality LNG transport services backed by the experience, know-how, and network accumulated as the world leader in LNG carrier ownership and management. [Outline of charter contract] Shipowner: Wholly owned subsidiary of MOL Charterer: Mitsui & Co., Ltd. Chartering period: Starting around 2019 (up to 25 years) [Profile of newbuilding LNG carriers] Length: 297.5m Breadth: 48.9m Draft: 11.40m Cargo tank capacity: 177,000m3 Shipyard: Mitsubishi Heavy Industries, Ltd. Ship management company: Mitsui O.S.K. Lines, Ltd.


Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday.   The company said in a statement that the contract involved sales of 2.9 million tons of LNG per annum which would be sold to the Asia-Pacific region, primarily India, with the LNG priice indexed to crude oil.  


Qatar Orders World’s Largest LNG Ships

Qatar Gas Transport Company (Nakilat) signed a contract with two South Korean shipbuilders to construct the world's largest liquified natural gas (LNG) carriers at a cost of $2.5bn, according to a report from The Peninsula/Agencies. Nakilat said in a statement that it has ordered three "QMax" LNG carriers with a capacity of 265,000 cubic metres (9.3 million cubic feet) each from Daewoo Shipbuilding and Marine, and another three from Samsung Heavy Industries


Repsol YPF Eyes LNG Joint Venture

Repsol YPF SA is studying the creation of a joint venture with Tambeyneftgaz and Anadarko for a liquified natural gas (LNG) project in the Yamal Peninsula. The project would transport gas to the west coast of Canada, where it would go through Repsol YPF's regasification plant at Canaport, to be later sold in the US. The company also plans to open an office in Moscow to support its growing business in Russia, to foster opportunities for new partnerships with some of the country's leading


Keyspan LNG facility – letter of recommendation

The U.S. Coast Guard issued a Notice stating that, in response to a Letter of Intent to modify the Keyspan liquefied natural gas (LNG) facility in Providence, Rhode Island to accept shipments of LNG by water, the Coast Guard is preparing a letter of recommendation as to the suitability of the Narragansett Bay waterways for LNG marine traffic. Comments pertaining to maritime operation and waterways management aspects of the proposed LNG facility modifications should be submitted by


Exxon's New Guinea LNG Plant: 4 August Cargoes

ExxonMobil's Papua New Guinea liquefied natural gas (LNG) export plant is offering to sell four cargoes loading in August to long-term buyers as well as Asian end-users, two traders said. The rapid export rate from the new plant, which was completed ahead of schedule, has helped push global LNG prices lower as major Japanese buyers retreat from spot markets. The plant's main long-term buyers are Japan's Tokyo Electric Power, Osaka Gas and Taiwan's CPC


Gulf LNG Clean Energy Marine Terminal Project – Meeting

The U.S. Coast Guard is preparing a letter of recommendation as to the suitability of the Pascagoula Bar, Horn Island Pass, Lower Pascagoula Bay, and Bayou Casotte Channels for liquefied natural gas (LNG) marine traffic. The letter of recommendation is in response to a letter of intent submitted by Gulf LNG Clean Energy Marine Terminal Project to operate a LNG facility in Jackson County, Mississippi. A public meeting will be held in Pascagoula on December 7 to receive input


Calypso LNG DWP License Application

The Maritime Administration (MARAD) and the US Coast Guard issued a notice stating that they have received an application for licensing of a liquefied natural gas (LNG) deepwater port (DWP) from Calypso LNG LLC. The application calls for construction and operation of an LNG DWP in federal waters of the Atlantic Ocean approximately 9 miles off the coast of Florida northeast of Fort Lauderdale. 71 Fed. Reg. 65031 (HK LAW)


FLEX LNG Orders Third LNG Vessel

FLEX LNG ordered its third 90,000 cubic meter (3.1 MMcf) SPB liquefied natural gas (LNG) vessel this year from Samsung Heavy Industries. The vessel will be identical to the two others ordered in March of this year. The third vessel is expected to begin operations in the fourth quarter of 2011. [Source: http://www.energycurrent.com]


Freeport LNG Development – Environmental Statement

The Federal Energy Regulatory Commission (FERC) issued a Notice announcing availability of the final environmental impact statement (EIS) for construction and operation of the liquefied natural gas (LNG) import terminal and pipeline proposed by Freeport LNG Development, LP. The proposal includes LNG ship docking and unloading facilities in Brazoria County, Texas. Comments should be submitted within 30 days.


GTT Records Order for 2 LNG Tankers

GTT receives a new order from Hyundai Samho Heavy Industries for two LNGCs for Teekay   GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received a new order for two LNG carriers (LNGCs) to be built


GasLog Partners To Buy Three Vessels

Methane Shirley Elisabeth

  GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that own and charter the liquefied natural gas (“LNG”) carriers the Methane Alison Victoria


Qatar Navigation Absorbs Balance of SocGen Gasships

Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural Gas (LNG) carriers from France's Societe Generale. The two entities, Milaha Ras Laffan and Milaha Qatar


Port Gothenburg Offering LNG

Image: Port of Gothenburg

 Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport Agency.  


Gulf LNG Liquefaction Project on the Anvil

The Gulf LNG Liquefaction Project Map by Kinder Morgan

 The Gulf LNG Liquefaction Project proposed by Kinder Morgan and minority partners officially filed Friday for federal approval to add exporting capabilities to an existing liquefied natural gas (LNG) terminal.    The $8 billion LNG export project near Pascagoula


Oil’s Downward Spiral Stalls LNG’s Ascent

Prelude_hull_with_tugs WEB.jpg

As industry embraces gas, emissions regulations loom large and bunker logistics options develop, LNG’s fortunes nevertheless get a boost.   For every gleeful consumer at the pump, and stockpiling tanker anchored offshore, there’s a corresponding trail of businesses that are


Anadarko in Talks with Jera for Mozambique LNG Deal

Anadarko Petroleum  is in talks with newly formed Japanese joint-venture vehicle Jera, set to become the world's biggest buyer of liquefied natural gas (LNG), to sell long-term supply from its Mozambique export scheme.   The U.S. oil major's gas finds in Area 1 of Mozambique's Rovuma


GTT Receives Order for FSRU

GTT receives order from Hyundai Heavy Industries for a FSRU addressed to Höegh LNG   GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has announced a new order for a Floating Storage & Regasification Unit


Global LNG Prices Hold, Supported by Middle East Demand

Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger European demand after production cuts at the region's largest gas field.  


US Backs Study into Panama Canal LNG Terminal

The U.S. Trade and Development Agency informs it has awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal.   The Panama Canal is expected to handle significant LNG tanker traffic upon completion of the canal expansion


Panama Canal Plans LNG Terminal

USTDA is supporting a study on an LNG Terminal with the Panama Canal Authority.  Photo Credit: USTDA

 The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal.   The ACP has been awarded a US Trade and Development Agency grant to help fund a feasibility study for the project


Brand New Ro-Ro Ran Aground in Norway

Kvitbjørn. Photo: Nor Lines, Vikebladet

 Ro-ro cargo vessel Kvitbjørn ran aground off Ulsteinvik port, Norway, in the afternoon June 28, while approaching the port.    The vessel, owned by Norway-based Nor Lines, was refloated at 2145 LT same day with the help of tugs at high tide, and taken to port


ICS: U.S. Approach to LNG 'Protectionist'

The International Chamber of Shipping Represents the Worlds shipowners at IMO Photo ICS

According to the Internatinal Chamber of Shipping, the United States Congress signaled last week its intention to approve major free trade deals with Asia and Europe. ICS voices serious concern about the potentially protectionist approach being taken by the U.S


Tanker Converted to LNG-electric Propulsion

Photo: Bergen Tankers

Bergen Tankers’ 95-meter-long chemical and product tanker Bergen Viking has returned to service following its conversion from diesel-electric to liquefied natural gas (LNG)-electric propulsion.    Delivered in 2007, the Rolls-Royce powered vessel supplies diesel and petrol along


FLEX Acquires LNG Assets from EXMAR

Image: EXMAR LNG

 Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd.   Belgian liquefied natural gas (LNG) carrier owner and operator Exmar and Geveran






 
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