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Global Lng

LR: LNG's Global Viability Hinges on Price

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Global acceptance of LNG as a marine fuel will depend on pricing, according to a comprehensive study conducted by Lloyd’s Register; Study on LNG bunkering infrastructure also suggests some owners would be wise to consider fuel flexibility.   After 12 months of research and analysis, Lloyd’s Register has concluded its 2011-12 study on LNG bunkering and newbuilding demand for deep-sea shipping.   Outside of the niche markets, the study finds that the establishment of LNG bunkering infrastructure capable of supporting most of the world’s consumers will be highly sensitive to the price of LNG relative to alternative fuels. The full report will be made available in October in time for Gastech in London.   ”The obstacles to the adoption of LNG as a marine fuel are practical factors, but they are not technical. They are commercial,” said Hector Sewell, the Head of Marine Business Development for Lloyd’s Register. ”Establishing safe, reliable global LNG bunkering capability is feasible. But it will require considerable investment and risk management, and it will have to cover significant operational costs to challenge existing fuel-oil delivery systems.”   Latifat Ajala, Lloyd’s Register’s Senior Market Analyst, built a dynamic demand model for the study that was rigorously tested and validated with key stakeholders, including shipowners, ports and engine manufacturers.  


Arctic Russia LNG Plant Contracts Awarded

Japan's JGC Corporation with France's Technip to carry out the EPIC & commissioning of an integrated facility for natural gas liquefaction at the Yamal Peninsular. The contract was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%). The project will start immediately with a phase of estimation, detailed engineering and early procurement. The Yamal Peninsula located in Yamal-Nenets autonomous district of northwest Siberia, Russia


El Paso Announces Development of a Shipboard LNG Regasification System

El Paso Global LNG, a subsidiary of El Paso Corporation announced the development of EP Energy Bridge(TM), a new ship-based liquefied natural gas (LNG) regasification system. Using proven offshore buoy technology to moor the ship and proprietary technology to regasify LNG onboard the ship and discharge it through a subsea pipeline, EP Energy Bridge(TM) enables flexible, environmentally safe, and cost-effective delivery of natural gas directly to coastal regions eliminating the need of a


Hyundai Heavy to Build First Korean-Designed LNG Ship

A Korean shipbuilder has succeeded in independently designing a liquefied natural gas carrier. Building LNG ships is a high value-added business, as it requires the highest level of shipbuilding technology. The latest achievement should significantly lower the royalties that Korean companies have had to pay to countries that developed such technology. Hyundai Heavy Industries said that plans to purchase an LNG ship built with Korean design technology in May


WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc


WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc


Lloyd’s Register Prepares New Guidelines

With the global LNG market forecast expected to double in size over the next decade the industry is showing particular interest in the development of offshore LNG installations, which is believed by some to be a safer way for LNG production, storage and distribution. This new breed of LNG FPSOs (FLNG) will combine gas ship containment and marine systems with onshore type LNG processing equipment and operate in an offshore environment.


Global LNG Fleet to Peak in 2008

According to Dubai’s Gulf News, excess capacity in the global fleet of liquefied natural gas carriers will be at its highest this decade in 2008, due to a growing, worldwide fleet causing lower utilization rates and it is predicted by analysts that utilization of the LNG fleet will fall to 77.4 percent in 2008, almost 13 percentage points lower than at the beginning of the decade. Demand for LNG tankers has deteriorated markedly as a result of a large increase in fleet supply partly caused by


GDF Suez Further Develops LNG Bunkering

Small scale LNG: GDF Suez takes positions in this high potential market with capacities in Zeebrugge, Belgium, LNG terminal. GDF Suez continues to develop its small scale liquefied natural gas (LNG) activities in North West Europe following the award by Fluxys of additional berthing and storage capacity long term rights at the Zeebrugge LNG terminal. GDF Suez will have access to these capacities after the completion of the second jetty being constructed by Fluxys (expected in 2015)


Qatargas Signs 5-year UK LNG Supply Contract

LNG SPA signing: Photo credit Qatargas

Qatar Liquefied Gas Company Limited (Qatargas) and Petronas LNG (UK) Limited  have signed a 5-year Sales and Purchase Agreement (SPA) for shipment of an annual LNG volume of 1.14 million tones, to the UK, effective January 2014. The LNG will be supplied from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell which started production in January 2011, and will be delivered on board Q-Flex LNG Vessels to Petronas’ Dragon LNG Terminal located in Milford Haven


ABS Issues LNG Bunkering Advisory

Report explores the benefits and challenges of natural gas power from the perspective of fuel providers and operators.   Classification society ABS published a new Advisory about LNG Bunkering in response to the industry's growing interest in gas propulsion


DSME Launches LNG Carrier for Teekay

Creole Spirit (Photo: Teekay)

Creole Spirit launched to sea 87 days after keel laying   Teekay’s first M-type, Electronically Controlled, Gas Injection (MEGI)-powered LNG vessel, Creole Spirit, was floated out at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea on May 29


Global LNG Price Slide Resumes on Weak Demand

Asian spot liquefied natural gas (LNG) prices for July fell this week on continued weak demand and ample supply.   The price of Asian spot cargoes slid to $7.40 per million British thermal units (mmBtu), compared with around $7.70 per mmBtu last week.  


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.  


Philippines' First-Gen Seeks Partner for $1bln LNG Terminal

Photo by First Gen Corporation (First Gen)

 Lopez-led First Gen Corp (FGC) has started scouting for local and foreign partners for the construction of its $1-billion liquefied natural gas (LNG) import terminal in Batangas, to secure supply for its expanding portfolio of gas-fired power plants.  


Wärtsilä Debuts LNG Carrier Designs

The new series of LNG Carrier ship designs consists of four vessel designs.

  The unmatched track record and expertise that Wärtsilä has in LNG fuel solutions for the marine industry is again emphasised with the company's launching of a new series of LNG Carrier ship designs. This series of designs is the latest addition to Wärtsilä's ship design


Lithuanian Energy Group Calls for Rule Change on LNG Imports

Lithuania's state-owned energy group Lietuvos Energija said on Monday national rules had to be changed to allow it to sell some liquefied natural gas (LNG) cargoes it had contracted from Norway's Statoil in the global market as domestic demand falls.  


ABS Updates Guidance on LNG Bunkering

Image courtesy of Harvey Gulf

  ABS has updated its guidance on LNG Bunkering in North America to support the transport sector's increasingly rapid transition to the use of cleaner fuels. The second edition of ABS' Bunkering of Liquefied Natural Gas-fueled Marine Vessels in North America was released today


Big Spending on Liquefaction Terminals

Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to the new ninth edition of Douglas-Westwood’s (DW) World LNG Market Forecast 2015-2019


Qatargas Sells First LNG Cargo to Pakistan

Port Qasim-LNG Delivery to Pakistan

  Qatargas sold its first cargo of liquefied natural gas (LNG) to Pakistan State Oil Company Limited (PSO).  The LNG cargo was sold on a free-on-board basis and loaded at Ras Laffan Port on to the LNG vessel Excelerate Exquiste on 21 March 2015.  


ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas (LNG) exports, Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, said today.


Steel Cut for Middle East's First LNG Harbor Tug

Photo courtesy of Drydocks World

Drydocks World and Maritime World marked a milestone at the steel cutting ceremony for the Middle East’s first LNG powered harbor tug Elemarateyah. Held in Drydocks World’s state-of-the-art steel fabrication center, the beginning of this project sets a regional first and demonstrates


GasLog Proft Doubles, But Misses Forecast

 Picture: GasLog

 Monaco-based liquefied natural gas carrier owner GasLog has reported a sharp increase in profits in 1Q15, saying the sector's medium- to long-term outlook remains encouraging.   Group net profits jumped to $13.8 million in 1Q15 from $6


Universal LNG, Sembcorp Marine Pact for West Africa LNG Development

Image: Offshore Engineering by Jurong Shipyard Pte Ltd

 Universal LNG Holdings has launched West Africa LNG Development, a ground-breaking solution partnership between Universal LNG Holdings and Sembcorp Marine Group Company.   With Sembcorp Marine's wholly owned subsidiary Jurong Shipyard participation


ABS to Class 45,000 cbm LNG Carrier

ABS, a provider of classification services to the maritime and offshore industries, has been chosen to class a new design of medium-sized LNG carrier to be built in China for Landmark Capital. The 45,000 cbm vessel, featuring self-supporting IMO Type-A tanks mounted within an insulated hold






 
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