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Lng Deal

Iran signs $16b LNG deal with Malaysia

Iran and Malaysia's SKS have signed a $16b preliminary deal to develop Iran's southern Golshan and Ferdos gas fields and build plants to produce liquefied natural gas (LNG), according to reports. Source: Reuters


SembCorp Signs Long Term LNG Deal

Singapore’s SembCorp Marine Ltd has announced a long-term contract from Australia’s North West Shelf venture (NWS) to provide dry-docking, refit, and other marine services, for their fleet of LNG ships. This breakthrough contract signifies the first time that a major LNG consortium has committed itself to a long-term maintenance and refit contract in the region. At a time when Singapore is preparing itself to be a major hub and player in the LNG sector


BG Secures U.S. LNG Rights

Britain's BG Plc secured rights to deliver liquefied natural gas (LNG) through one of only two functioning import terminals serving booming U.S. energy markets. The UK gas producer will have use of 80 percent of capacity at CMS Energy's Lake Charles, La., facility from January 2002. It will have use of total capacity from September 2005 after a contract ends with an existing customer. Financial terms were not disclosed


Exmar to Use Iranian Carriers to Ship LNG

Reuters has reported that Iranian shipbuilder SADRA said it would build 10 ships for Belgium's Exmar to export Iranian liquefied natural gas (LNG) although Iran's efforts to produce the fuel are deadlocked. The total value of the 10 high-technology vessels would be $2.4b, Iran's Industry Minister Alireza Tahmasbi told state television. He told the ISNA students news agency that SADRA might sign a another deal for four more ships.


Korean Firms Win Qatar LNG Carrier Contracts

The Samsung Heavy Industries Co., has won a $1.14b deal to build four liquefied natural gas (LNG) carriers. The deal from Qatar Gas Transport Co. Ltd. calls for Samsung Heavy to build the four carriers worth $286 million each by February 2010, the company said in a regulatory filing. Meanwhile, the Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipyard, said Monday it had received a $1.22 billion order to build five LNG carriers.


LNG Ministerial Summit Scores Positive Remarks

International LNG Alliance (ILNGA) Executive Director, David Sweet congratulated Secretary of Energy Spencer Abraham on successfully bringing together global leaders from government and industry for the LNG Ministerial Summit. "This historic event will be the catalyst for numerous deals and initiatives that will bring additional supplies of LNG to the United States. The dialogue at the Summit confirms that LNG can play a significant role in meeting U.S


Shell to Manage Nakilat’s LNG Fleet

Qatar Gas Transport Company Ltd (Nakilat) has appointed Shell International Trading and Shipping Company Limited (Shell) to manage its fleet of at least 27 new LNG carriers in a 25-year deal. Under this arrangement it is expected that Operational Management will be transferred to Nakilat within 12 years. The agreement will involve Shell providing a range of shipping services to Nakilat including ship management as well as the transfer of know how and expertise to allow Nakilat to


ABS Announces Guidance Notes At OTC 2002

Responding to industry demand for offshore liquefied natural gas (LNG) terminals, ABS launches its "Guidance Notes for Building and Classing Offshore LNG Terminals" at this year's annual Offshore Technology Conference. The Guidance Notes provide industry with a comprehensive document outlining ABS procedures for LNG classification and cross-references ABS and other relevant industry documents for building LNG terminals.


Bulk Market Pauses

Dry bulk rates may have eased back significantly in recent weeks but there is still plenty of positive sentiment on the future market. Many shipbrokers are describing today’s rather softer market as a correction to what had become a seriously overheated sector, with the cost of freight becoming itself a damaging factor in the world’s dry bulk trades. The pause in the market has led to a slackening in the pace of new contracting that, brokers say, may be no bad thing


Shell Acquires Repsol LNG Portfolio

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Royal Dutch Shell plc has announced the completion of the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 billion. As part of the transaction, Shell will also assume $1.6 billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell's LNG marketing business.


Korean Register to Drive LNG Fuelled Shipping

Korean Register (KR) will work alongside the Asia-Pacific Economic Cooperation Secretariat (APEC) to promote the use of LNG fuelled ships in the APEC region. APEC has awarded a contract to KR to further the understanding of the current state and future potential for LNG fuelled vessels to serve


US Natgas Exports Would Raise Energy Prices but Boost Economy

Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but the higher costs would be offset by a boost to the economy, the U.S. Energy Information Administration said on Wednesday. Residential natural gas prices would likely be 5 percent higher


DNV GL bags Two Lloyd’s List Awards

Sean Hutchings, Area Manager Singapore & Philippines, DNV GL Maritime receiving the Innovation Award from Wong Weng Sun, President & CEO, Sembcorp Marine

  DNV GL was recognized for its leadership and ability to innovate when it received both the “Classification Society” and the “Innovation Award” at the 2014 Lloyd’s List Asia Awards held on 30 October. This is the second year in a row that DNV GL has won the


Libyan Rebel Refuses to Hand Over Oil Ports

Libyan militia leader Ibrahim al-Jathran

A former Libyan rebel leader, who seized oil ports in the past to campaign for eastern autonomy, said he had turned down an offer to join an armed group challenging the internationally-recognized government. The loyalty of Ibrahim Jathran to the government is key to ensure that three oil ports


New Standard for LNG Cargo Containment Systems

Ti Group provided the insulation systems for six Sayaendo-design 150,000 cubic meter capacity LNG carriers under construction at Mitsubishi Heavy Industries in Japan for NYK/MOL and K-Line.

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.  WTS subsidiary company Ti Group completed the test on the LNG carrier Seishu Maru


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


Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts. The 26 percent price slide since June to $85 a barrel exposes cracks in


FortisBC Starts Expansion of Tilbury LNG Facility

Expansion of Tilbury LNG Facility

  FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.1 million gigajoules of liquefied natural gas (LNG) to storage and 34,000 gigajoules per day of liquefaction capacity


VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine – Crowley Team

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered, combination Container Roll-On/Roll-Off (ConRo) vessels for Crowley following the signing of the contract


Fredriksen eyes Takeover of Flex LNG

Shipping tycoon John Fredriksen is aiming to take control of Oslo-listed Flex LNG following his purchase of 12.7 million shares that brought his stake in the firm to 43.3 percent, his firm Geveran said on Friday.   "Geveran will make a mandatory offer for the remaining shares in Flex


Magnolia LNG Project Progresses

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  Liquefied Natural Gas Limited informed that an update on the status of Environmental Information Requests from the Federal Environmental Regulatory Commission (FERC) in relation to the Company’s wholly owned subsidiary, Magnolia LNG LLC (MLNG) has been provided


Qatargas Sells First LNG Cargo to JOVO

First cargo to JOVO

  Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co., Ltd. (“JOVO”), an independent LNG importer from the People’s Republic of China. The 64,000 cubic meter cargo was sold on a free-on-board basis and loaded on to the


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


BG Group to Delay LNG Terminal on Canada's Pacific Coast

British oil and gas producer BG Group Plc will delay until the next decade a proposed liquefied natural gas export terminal on Canada's Pacific coast, the Wall Street Journal reported, quoting the head of the company's Canadian unit. "We'd always said (construction would begin) as early as


Iran Gas Exports to Europe Would Take at Least 5 Years

Iran would take at least five years to start exporting natural gas to the European Union if sanctions were removed, industry experts said on Wednesday. Last month, Reuters reported that the EU was increasing the urgency of a plan to import natural gas from Iran






 
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