Mustang Engineering, a wholly owned subsidiary of international energy services company John Wood Group PLC, and Wood Group, have been awarded U.S. patent 715 5917 for a proprietary process to convert liquefied natural gas (LNG) into natural gas, according to Oilonline. This technology, marketed as the LNG Smart Air Vaporization (SAV) process, uses a closed-loop intermediate fluid circulating through fin-fan heat exchangers to extract heat from ambient air to vaporize LNG from its cryogenic state at - 260°F back to pipeline temperatures for transporting and storage. When compared with the more traditional submerged combustion vaporization technique, the SAV technology provides major reductions in fugitive air emissions (up to 100% under certain ambient conditions), and substantially lowers facility operating costs (through significantly reduced fuel gas usage). SAV also does not use seawater, thereby eliminating any negative impact on marine life in environmentally sensitive areas. The SAV process is currently being installed as the primary vaporization process at Trunkline LNG Company’s Infrastructure Enhancement Project in Lake Charles, Louisiana, utilizing the existing Submerged Combustion Vaporizers (SCVs) as a backup heat source. The project, currently in the detail engineering phase, is on schedule to be commissioned in the 3rd quarter of 2008.
MISC Bhd has secured two long-term charters for its LNG carriers with Yemen LNG Company (YLNG) for the transportation of the commodity from Yemen to the US and Mexico, according to a report on www.theedgedaily.com. Under the charter party agreement, MISC will provide two 157,000 cu. m. LNG carriers to YLNG for the shipment of LNG from Balhaf in Yemen to Total Gas & Power Ltd facilities at Sabine Pass, Louisiana and Altamira in Mexico.
While seemingly miniscule in terms of deadweight tons ordered and delivered per year as compared to the shipbuilding business as a whole, the production of gas tankers, LNG and LPG, are high-value, high prestige orders that are likely to rise significantly in the coming years. Consistently high oil prices have effectively forced the production and processing of gas, and the current trend is towards increased usage of this valuable commodity
Kitimat LNG Inc. announced that it has signed a memorandum of understanding (MOU) with EOG Resources Canada (EOG) to supply natural gas to Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal in Kitimat, B.C. Pursuant to the MOU, Kitimat LNG and EOG are proceeding to negotiate a definitive agreement under which EOG would supply specific quantities of the LNG facility’s 700 million cubic feet per day of natural gas feedstock.
Golar LNG Limited announced that with effect from September 19, 2014, Sir Frank Joseph Chapman has been appointed to the Board of Directors of the Company and will act as the Company's Chairman. Sir Frank Chapman has worked 40 years in the oil and gas industry culminating in a twelve-year period as Chief Executive of BG Group plc. Under Sir Frank's leadership, BG Group grew from the modest UK-based Exploration and Production interests of the old British Gas into an international
Japanese shipbuilder Mitsubishi Heavy Industries, Ltd. (MHI) informs it has received orders for the construction of two next-generation liquefied natural gas (LNG) carriers that will primarily carry shale gas produced in North America. The shipbuilding contracts, received through MI LNG Company, Limited, a joint venture between MHI and Imabari Shipbuilding Co., Ltd., will see the delivery of one LNG carrier each for two separate joint ventures which Chubu Electric Power Co., Inc
DNV and Korea Gas Corporation (KOGAS), Korea’s national gas company, has entered into an agreement to cooperate on a feasibility study on the establishment of an LNG bunkering infrastructure in Korea. This is one of the largest and most comprehensive feasibility studies ever initiated in the worldwide LNG bunkering industry. Based on this agreement, DNV will qualitatively and quantitatively study the feasibility of implementing LNG bunkering in ports in the south-eastern area
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 from carriers with Moss-type2 spherical tanks that offer a high level of reliability. The adoption of apple-shaped tanks (ringo being the Japanese word for "apple") has enabled a near 16%
Korea Gas Corp, the world’s biggest importer of LNG, has struck deals with French giant Total to extend its reach into the liquefaction sector, reports Reuters. Total has pledged to press forward with investment in LNG despite the downturn in oil and gas prices and has signed a new agreement with South Korean utility company Kogas to explore mutual opportunities across the LNG value chain.
Qatargas, the world's largest LNG producer, announced the commercial start-up of Laffan Refinery 2, marking a major milestone in the expansion of refining capacity in the State of Qatar. The project will refine 146,000 barrels per day of condensate from the North Field, the largest non-associated natural gas reserve in the world. Laffan Refinery 2 produces low Sulfur Euro-V specifications products such as Naphtha, Jet-A1, Ultra low Sulfur Diesel (ULSD)
ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea.
LNG Demand Set to Outpace Gas Demand Growth from 2015 to 2030 Shell launches LNG Outlook Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year
First Australian commercial LNG bunkering completed in WA’s north-west on 23 January 2017 by EVOL LNG for Woodside Under an agreement with Woodside, EVOL LNG refueled the platform supply vessel, Siem Thiima, on January 23 at King Bay Supply Base near Dampier
Nakilat announced its financial results for the year ended 31 December 2016, with a net profit of QR 955 million achieved compared to QR 984 million in 2015. The earnings per share attained in 2016 was QR 1.72 compared to QR 1.77 in the same period last year
Spanish shipping line Baleària said it has reached an agreement with the Italian shipyard Cantiere Navale Visentini to build two dual-fuel sister ferries, measuring 186.5 meters in length and a capacity for 810 people, 2,180 linear meters of cargo and 150 cars
Excelerate Energy will deliver its second floating storage and regasification unit (FSRU) to Pakistan following negotiations with a consortium comprising Engro, Fatima, and Shell. It is expected to be the country's 4th such floating terminal.
India, the world’s fourth-largest buyer of liquefied natural gas (LNG), has announced plans to halve its basic customs duty on imports of the chilled fuel. Indian Finance Minister Arun Jaitley presenting the Budget for 2017-18 in Parliament halved the import duty on LNG to 2
LNG market in Egypt is projected to surpass 4.5 MMT by 2025, due to rising demand from power and industrial sectors in the country, says TechSci Research report. Production of dry natural gas in Egypt declined at a CAGR of 7.17% during 2011-2015
The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Al Dafna from STASCo (Shell Trading and Shipping Company Ltd.) with effect from 2 February 2017, as part of the planned and phased transition announced on 19th October 2016.
Bernhard Schulte Shipmanagement (BSM), a leading global maritime services company, and Babcock International Group, the UK’s leading engineering support services company, are collaborating to develop a ground-breaking Gas Supply Vessel (GSV)
Loading of cargoes from Australia's North West Shelf (NWS) liquefied natural gas (LNG) and condensate project has been halted due to adverse weather, traders with direct knowledge of the matter said on Wednesday. It remains unclear when cargo loadings at the port of Dampier will resume
Liquefied natural gas (LNG) shipping company has released its financial results for the year ended 31st December 2016 which show Group revenue for the quarter and the year were low than the corresponding periods for 2015. Group profit before tax for the quarter ended 31st December
Shell and Pavilion Gas will start supplying Singapore with liquefied natural gas (LNG) later in 2017 under contracts awarded last year, the city-state's trade minister said on Tuesday. "We will also allow interested parties to import spot LNG in the second half of 2017
ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea