Marine link
 

Lng Energy

Acquisition of Golar LNG Energy Limited

Reference is made to announcement dated on June 3, 2011 where Golar LNG Limited ("Golar LNG") informed of its intent to exercise its right under Bermuda company law to compulsorily acquire all remaining outstanding shares in Golar LNG Energy Limited ("Golar Energy") and the notice of compulsory acquisition ("tvangsinnløsning") dated June 3, 2011 that was sent out to remaining shareholders in Golar Energy.   Golar LNG hereby informs that the compulsory acquisition will be completed at NOK 26.80 per share.   The last day for trading the shares on Oslo Børs will be June 29, 2011. On July 4, 2011 the remaining outstanding shares will be acquired by Golar LNG. Settlement through VPS is expected to take place on July 8, 2011.  


US FERC OKs LNG Projects in Mississippi

The Federal Energy Regulatory Commission on Thursday gave final approval to two liquefied natural gas import terminals along the Mississippi coast. The LNG Clean Energy Project, located in the Port of Pascagoula, will be able to send out up to 1.5 billion cubic feet of gas a day. The $450m terminal, which will be owned by the Houston-based private investor group Gulf LNG Energy LLC, will be able to handle 150 LNG tankers a year.


LR Approves GE Gas Turbine for LNG Ships

Lloyd’s Register has issued an Approval in Principle of GE Energy’s LM2500-based, gas turbine propulsion system for liquefied natural gas (LNG) ships. Gas turbine propulsion systems have been widely used on naval and cruise ships, but are new to LNG vessels. The Approval in Principle, issued through Lloyd’s Register North America, Inc, gives GE Energy a high level of confidence that the marine industry will embrace its gas turbine propulsion system design as a viable alternative to


DNV to Cooperate with Korea Gas Corporation

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


Jordan Cove Approved for LNG Export

Terminal in Coos Bay, Oregon authorized to export Liquefied Natural Gas to non-free trade agreement countries The U.S. Energy Department announced that it has conditionally authorized Jordan Cove Energy Project, L.P. (Jordan Cove) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States, from the Jordan Cove LNG Terminal in Coos Bay, Oregon


Senate Panel Ponders Expedited LNG Export Reviews

Senator John Hoeven

U.S. lawmakers on the Senate Energy Committee will vote on a bill this week aimed at speeding up the Department of Energy's review of liquefied natural gas export applications. The panel will weigh a bill introduced by Senator John Hoeven, Republican of North Dakota, over the summer that would require the DOE to issue a decision on gas export projects within 45 days after companies have filed an application with the Federal Energy Regulatory Commission.


ABS and CCS Conduct Joint LNG Forum

Increased interest in the building of liquefied natural gas (LNG) carriers at Chinese shipyards spurred the recent Large LNG Carriers Forum, held in Shanghai, and conducted jointly by classification societies ABS and CCS (China Classification Society) in conjunction with leading LNG operators.       More than 150 representatives from the Chinese government, shipowners, shipbuilders, designers, energy corporations and universities attended the forum


LNG Main Pass Energy Hub Needed

Industry consortium wants to utilize McMoRan’s Main Pass Energy Hub™ (MPEH™) as a potential deepwater port facility. United LNG, LP, and Freeport-McMoRan Energy LLC (FME), a subsidiary of McMoRan Exploration Co, are engaged in efforts to utilize McMoRan’s Main Pass Energy Hub™ (MPEH™) as a potential Deepwater Port facility to receive, store, condition, and liquefy domestic natural gas for export as liquefied natural gas (LNG)


Weaker LNG Tankship Spot Market Anticipated

The tanker market is in the midst of a supply surge ahead of new liquefaction from next year. Until new supply begins to roll out from 2H 2014 from Australia and Papua New Guinea, we should expect a much weaker market for spot tankers, says Pira's weekly 'Energy Market Recap'. But what should happen in LNG shipping often does not. After probably the weakest year in modern LNG shipbuilding history, in which a single vessel was delivered in 2012 (boosting rates to never seen before highs last


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.   The cargo was secured to commission the Excelerate Exquiste, which will become the Floating Storage and Regasification Unit, when it is moored in Port Qassim


Cheniere to Roll Out Second LNG Unit

Photo: Cheniere Energy, Inc

 Cheniere Energy Inc. plans to start exporting liquefied natural gas in August from a second plant at its Sabine Pass terminal in Cameron Parish, according to a report from Bloomberg News.    Cheniere began exporting LNG in February from its first unit at Sabine Pass


EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday. The official said Egypt would consider importing a further 10 cargoes of LNG


World’s Biggest LNG Buyer Becomes Seller

Photo:  JERA Co., Inc.

 EDF Trading, a wholly-owned subsidiary of French power giant EDF, has signed an LNG sales and purchase agreement with Japanese LNG aggregator Jera Co Inc, one of the world’s largest buyers of liquefied natural gas.   Jera, a joint venture between Tokyo Electric Power Co


Höegh LNG Turns to Profit in 1Q

PGN FSRU Lampung  Courtesy Hoegh

Höegh LNG returned to profit following a Profit after tax of USD 6.3 million for the first quarter of 2016, up from USD 4.0 million net loss in the fourth quarter 2015. The company’s EBITDA reached $26.6 million for the first quarter of 2016, up from $24


US LNG Shipments Point to Global Gas Price Convergence

Image by East-West Center

 The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says.  


Awilco LNG Reports Loss

Photo: Awilco LNG

 Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year.    The pure play LNG transportation provider  said that an oversupply of shipping in the carrier market


Papua New Guinea Bullish on LNG Potential

Map:  InterOil Corporation

 A new wave of investments in Papua New Guinea’s energy sector could see some $19 billion of projects launched in the coming years, boosting the country’s liquefied natural gas (LNG) output and providing employment to thousands.  


Wartsila's Value of Expediency

The value of expediency Photo Wartsila

Regasifying and storing LNG offshore has allowed customers to import gas without committing to land-based infrastructure. The option also speeds up access to vast amounts of energy. “Wärtsilä focuses on completing the LNG value chain,” says Timo Koponen, Vice President


Hose-in-Hose Transfers Open a New Door to LNG

(Image: Trelleborg)

First of its kind Cryoline floating LNG hose-in-hose transfer system improves safety and lowers operator costs – improving access to LNG fuel   Trelleborg’s fluid handling operation, supplier of flexible bonded hose solutions for the crude oil


Australia's Gorgon LNG Export Facility to Resume Ops

Chevron has begun to restart its Gorgon liquefied natural gas (LNG) export facility in Australia following its unplanned shutdown in April, the U.S. energy major said on Wednesday. "We confirm start-up activities are underway on Gorgon train one with a plan to safely resume production in


Petronas Chooses Jotun Antifoulings

Seri Amanah (Photo: Jotun)

Petronas has selected Jotun’s Hull Performance Solutions (HPS) antifouling system for two LNG vessels chartered from MISC.   The advanced antifouling coatings and a full suite of performance measurement sensors will now be applied to Seri Amanah and Puteri Zamrud in a move that will


HUMMEL LNG Hybrid Barge Begins Second Season

LNG Hybrid Barge HUMMEL in the port of Hamburg (Photo: Becker Marine Systems)

For over one year the HUMMEL has been contributing to improved air quality at the port of Hamburg. Becker Marine Systems’ LNG Hybrid Barge will also be supplying lower mission power to the AIDAsol this year. The cruise ship has already made three calls since the middle of May and will have


DSME, Sovcomflot Delay Delivery of First Arctic LNG carrier

Yamal LNG project. Photo: PAO Sovcomflot

 South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) and Sovcomflot have agreed to delay a liquefied natural gas carrier being built for the Yamal LNG project in Russia.   According DSME statement the vessel, which was originally scheduled for June this year re-set the


Statoil Says Sees European Gas Prices Bottoming Out

Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply, company officials said on Wednesday.  


Poland Getting Ready for More LNG Imports

Image: Statoil

 State-run Polish gas company PGNiG will receive its first spot delivery of liquefied natural gas (LNG) from Norway’s Statoil on June 25, it said on Tuesday, taking advantage of cheap and abundant global supply.   Reuters reports that on 25 June Swinoujscie will also take






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright