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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.


HHI Orders Regasification Systems from Wärtsilä

The Wärtsilä regasification module seen here with storage tank and filter/heater module (Photo: Wärtsilä)

South Korean shipyard Hyundai Heavy Industries (HHI) has ordered two seawater/propane based regasification modules from Wärtsilä. The systems are to be installed on floating storage and regasification unit (FSRU) vessels owned by Höegh LNG


LNG-fueled Box Ship a 'Momentous Step Forward'

Perla del Caribe, the second of two LNG-fueled Marlin Class ships built by General Dynamics NASSCO for Tote, was launched at NASSCO’s yard in San Diego. (Photo: General Dynamics NASSCO)

On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S. maritime industry with cutting edge economic and environmental efficiencies powered by liquefied natural gas (LNG).


CMES Establishes Subsidiary for Valemax

Valemax. Photo by Vale.

 China Merchants Energy Shipping Co., Ltd (CMES), the dry and wet bulk arm of state conglomerate China Merchants Holdings (International) Company Limited, has set up a wholly owned subsidiary China VLOC Company Limited to operate 400,000 dwt ore carriers in Hong Kong.  


Egypt Picks Jordan LNG Cargo Winners

Egypt has picked Shell, Vitol and Trafigura in a tender to supply four cargoes of liquefied natural gas (LNG) via Jordan's Aqaba import terminal, trade sources said. Shell will supply two cargoes while trading houses Vitol and Trafigura will supply one each, traders said.


ENI to Produce from Arctic Oilfield off Norway in a Few Weeks

Photo: Eni

Italian energy group ENI plans to start oil production from Norway's first Arctic oil development in a few weeks after years of delays and cost overruns.   Production from the Goliat field, estimated to hold about 174 million barrels of oil, was originally expected to start in 2013


Jensen Develops 2 New LNG Bunker Barge Concepts

Image: Jensen Maritime Consultants, Inc.

Jensen Maritime Consultants, Inc., a naval architecture and marine engineering firm owned by Crowley Maritime Corp., has developed two new liquefied natural gas (LNG) bunker barge concepts.   The two new fully customizable concepts aim to offering customers maximum flexibility and improved


DNV GL: New Class Notation for Gas Bunkering

DNV GL has developed a new class notation for gas bunker vessels that targets safer fuel transfer operations from one ship to another. Until now, the development of standards guiding gas fuel transfer operations in ports has lagged behind, as the maritime industry focussed on developing


Gladstone LNG to Offer Multiple Commissioning Liftings

Australia's Gladstone liquefied natural gas (LNG) production plant coming on stream in September is expected next week to offer up to six commissioning cargoes for sale between October and December, trade sources said. Gladstone LNG, led by Australia's Santos


Dawei LNG Terminal for Shell

A graphical representation of the Dawei Special Economic Zone and deep sea port project. Courtesy: Roland Berger

 Royal Dutch Shell plc recently entered into an agreement with Thailand-based companies to develop a liquefied natural gas (LNG) terminal at the Dawei special economic zone in the Tanintharyi Region in Myanmar, says local daily Myanmar Times.   


Survey Underway for Morecambe Bay LNG Project

Photo courtesy of Bibby HydroMap

Seabed survey company Bibby HydroMap have begun survey operations on the proposed LNG project off Morecambe Bay. The work program comprises geophysical, geotechnical and environmental surveying of the proposed pipeline route to shore and will be undertaken using a multi-vessel approach


NLNG Bullish on Prospects

Photo: Nigeria LNG Limited

 The Nigeria Liquefied Natural Gas company (NLNG) has shipped 3,200 liquefied natural gas (LNG) cargoes by Q2 of 2015, since it began international gas exports in 1989, the managing director, Babs Omotowa said, reports Business Day.  


Busan LNG Bunkering Terminal by 2020

Photo Source: Busan New Container Terminal

 A new liquefied natural gas (LNG)-bunkering terminal may become operational at South Korea's Busan New Port by 2020.    South Korean shipping company Polaris Shipping will reportedly invest $500 million (KRW 600 billion) to construct the facility.  


Keel Laid for Crowley’s 2nd LNG ConRo Ship

Photo: Crowley

The keel for the second Commitment Class liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ship for Crowley Maritime Corp.’s liner services group was laid yesterday during a ceremony at shipbuilder VT Halter Marine, Inc


Qatar Onslaught of LNG Supply to Shake-up the Market

Photo: Qatargas Operating Company Limited

 Gas giant  Qatar is the world’s top supplier of liquefied natural gas (LNG), but in the coming five years it could be surpassed by Australia, a shift which could weigh on its dominance in Asia, reports Reuters.   Asia accounts for almost three quarters of the global market


Hitachi Gas Supply System Order for MHI

LNG pressurizing part of high-pressure gas supply system (MHIs testing equipment of the same type)

  Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines. In lieu of conventional heavy oil, the system supplies liquefied natural gas (LNG)






 
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