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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


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


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


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


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


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.


Container for LNG Hybrid Barge Reaches Hamburg

The first container with LNG in Hamburg. Aksel Skjervheim, Shell Gasnor; Dirk Lehmann, Becker Marine Systems; and Max Kommorowski, Becker Marine Systems (Photo: Becker Marine Systems)

In the coming year, the HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container with liquefied natural gas (LNG) fuel has now arrived in the Hanseatic City.  


ABS Releases Guide for LNG Fuel Ready Vessels

Christopher J. Wiernicki

Notation reflects increased demand for review and approval of machinery elements on vessels designed for conversion to LNG fuel.   ABS has published the ABS Guide for LNG Fuel Ready Vessels to support members and clients in preparing newbuildings for future conversion to gas propulsion.


Shell Time Charters 5 Newbuild LNG Carriers

Subsidiaries of Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and a wholly owned company of Royal Dutch Shell plc (Shell) has announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global LNG fleet under


Shell to Put Teekay’s LNG Newbuilds into service

Courtesy Teekay Corpn

  Subsidiaries of Teekay LNG Partners L.P. and a wholly owned company of Royal Dutch Shell plc today announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global LNG fleet under time-charters ranging in


DNV GL Gas Ready Notation

DNV GL’s new GAS READY notation provides a clear picture of the level of LNG fuelled preparedness of a vessel.

With the IGF Code practically finalized, the introduction of sulphur limits and burgeoning infrastructure and production capability, LNG as a ship fuel is spreading rapidly through the maritime world.   DNV GL’s new GAS READY notation gives owners


MHI Completes Development of "Sayaringo STaGE"

[Sayaringo STaGE a next-generation LNG carrier]

  Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Sayaringo STaGE," a next-generation LNG (liquefied natural gas) carrier. The Sayaringo STaGE was developed as a successor to the "Sayaendo1," the company's highly acclaimed LNG carrier evolved


Getting Real on LNG Fuel

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Plentiful supply, low prices and strict regulations on air pollution are fuelling a swift move towards using LNG as fuel for ship propulsion in the USA and Canada. In Europe strict regulation in port is pushing passenger ship owners to use LNG fuel while berthed.


Europe Stockpiling Low Cost, Surplus LNG

Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become a dumping ground for the world's unwanted gas supplies this winter as Asian demand for sea-borne shipments fizzles out


DNV GL, N-KOM to Partner on LNG Initiatives

N-KOM’s CEO Chandru Rajwani and Dr Henrik O. Madsen, DNV GL’s Group President and Chief Executive Officer, signed the memorandum. (Photo: Laurence Tissot)

A memorandum of understanding (MOU) was signed today between DNV GL and Qatar’s premier shipyard Nakilat-Keppel Offshore & Marine (N-KOM) to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The signing ceremony took place during DNV GL’s


500th LNG Cargo Leaves Snøhvit

Kai-Otto Nilsen, Petter Fagerheim, Cato Osenbroch and Torfinn Isaksen with the special vessel Arctic Voyager in the background (Photo: Statoil)

Snøhvit cargo number 500 was loaded at Melkøya on Mondaym October 27, Statoil said. Since startup in 2007, more than NOK 80 billion worth of LNG has been dispatched from Melkøya. The special vessel Arctic Voyager is the 500th to visit Melkøya and Hammerfest to carry


Singapore’s MPA Discuss LNG Bunkering

LNG Bunkering

  The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG) bunkering focus group discussion on 14 and 17 October, held in conjunction with the Singapore International Bunkering Conference


Kalleklev to Head DNV GL's SE Asia Oil & Gas

Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia

  Energy demand in South East Asia is expected to grow at twice the rate of the rest of the world. DNV GL has appointed Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia just as the company is establishing a dedicated LNG and Gas Consulting unit in Singapore


Integrated LNG Solution for Ship Owners

 WesPac Midstream LLC (WesPac), a provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME), the global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance


Deal Struck on LNG Delivery for Shipowners

Photo courtesy of Wespac

Unique partnership offers the first fully integrated LNG solution to ship owners. WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME)


Two-month Global LNG Rally Ends, Weak Oil Tempts Buyers

Asian spot liquefied natural gas prices ended their 2-month rally this week, interrupted by weak demand in Japan and South Korea as falling crude oil prices push importers to turn to oil-linked long-term LNG supplies. Spot LNG prices for November delivery lost ground to $14






 
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