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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)

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 Scores Orders for 2 LNG Carriers

GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received an order for two LNG carriers (LNGCs), to be built by the shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).   The two ships, to be operated by BW Group, are expected for delivery in 2018 and 2019, respectively.   GTT said the two LNGCs will be equipped with NO96 GW technology

Pittsburgh Coalition Receives Marine Air Quality Grant

Rendering of the conversion of an inland towboat to dual fuel diesel/liquid natural gas (LNG). (Image: Bristol Harbor Group)

Cutting-edge Demonstration Project on the Rivers. The Shearer Group, Inc. (TSGI) is proud to be participating with Pittsburgh Region Clean Cities (PRCC) and Clean Fuels Clean Rivers (CFCR) to conduct a marine air quality study centered on the conversion of an inland towboat to dual fuel

LNG Port in Poland Opened

The LNG terminal in Świnoujście. Photo: Polskie LNG S.A

 The Świnoujscie LNG terminal in northern Poland is ready to receive its first shipment of gas, with a tanker leaving Qatar on its way to Poland.      The tanker carrying LNG left Qatar-based Ras Laffan port on last Friday and is heading to the LNG terminal

RasGas to Waive $1bln Penalty on LNG Deal

Photo:  RasGas Company Limited

 Qatar-based natural gas producer RasGas will not penalise Petronet LNG for lower offtake of the fuel, says a report by PTI.   Qatar has agreed to waive $1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect

Hoegh LNG Q3 Profits Disappoints

Oslo-listed Hoegh LNG, whose floating plants turn liquefied natural gas (LNG) into gas, reported on Monday third-quarter earnings below forecasts and offered a dividend of $0.10 as expected. Its earnings before interest, tax, depreciation and amortisation (EBITDA) swung to a profit of $26

DNV GL in LNG Bunker Drive

Photo by DNV GL AS

 Until now, there has been no international standard describing the methods for fiscal measurements and suitability for liquefied natural gas (LNG) as a marine fuel, despite the growing international market for small scale LNG bunkering.   

GasLog Posts Good Results

Photo: GasLog Partners LP.

 GasLog Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers,  increased quarterly cash distribution by 10% to $0.478 per unit for the third quarter of 2015, equivalent to $1.912 per unit on an annual basis.  

LNG Shipping Under Pressure from Tumbling European Re-exports

LNG re-exports by European countries. Source Drewry Maritime Research

  LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet. Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates

GTT Debuts LNG Advisor

Courtesy GTT

  GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces the launch of a new offer with LNG Advisor. Designed for LNGCs, it is a new boil-off gas (BOG) monitoring system during LNG sea transport

Crowley Christens LNG-Ready Product Tanker

Pamela Beall breaks a of champagne across the hull to christen Ohio (Photo: Crowley)

Crowley Maritime Corp. today christened the first of four new Jones Act product tankers at the Tampa Cruise Terminal. The 50,000 dead-weight-tons (dwt), 330,000-barrel-capacity ship Ohio is the first tanker ever to receive the American Bureau of Shipping’s (ABS) LNG-Ready Level 1 approval

Golar and WAGL Ink Ghana FSRU Contract

Golar LNG Limited announced today that it has executed a firm contract to provide West African Gas Limited (WAGL) with floating storage and regasification unit (FSRU) services to support their liquefied natural gas (LNG) import operations in Ghana.   

In-hull Dual Fuel Engine Conversion an Industry First

Coral Anthelia (Photo: Cat Marine)

To convert its vessel Coral Anthelia to dual fuel operation, Anthony Veder worked with Cat dealer Bolier to complete the industry’s first in-hull retrofit – saving considerable time and money in the process.    The project saw the retrofit of a marine diesel engine to dual

Crowley Approved to Import Canada-sourced LNG

Photo: Crowley

Crowley Maritime Corp. ’s petroleum distribution group has been granted approval by the U.S. Department of Energy (DOE) and the National Energy Board – Canada (NEB) to import Canadian-sourced liquefied natural gas (LNG) for supply

Iran Belgium Hold Talks to Build FLNG Unit

FLNG Unit Image by National Iranian Oil Company

 Minister of Petroleum, Bijan Zangeneh said that Iran and Belgium are in talks for possible floating production of liquefied natural gas (LNG) FLNG Unit off the Kharg Island in the Persian Gulf.    The issue was brought up during Zangeneh’s talks with Belgian Secretary of

Global LNG Prices Firm on Short-term Supply

Asian liquefied natural gas (LNG) prices for December delivery rose this week, buoyed by a short-term tightness in supply, though an imminent wave of new projects is expected to put prices under pressure in the new year.   The price of Asian spot cargoes for December delivery rose to $7

Lithuania Opens Door to LNG Re-exports

Lithuania's parliament on Tuesday approved amendments which will allow the Baltic state to re-sell liquefied natural gas (LNG) on the international markets, the energy ministry said.   The current laws require the country's regulated energy and heat producers to buy at least 540 million

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