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Swan, EXMAR Partner for India’s First FSRU Terminal

Image: © Swan LNG

EXMAR has entered into a binding Term Sheet with Swan Energy Limited for the joint development and operation of the Jafrabad LNG Port project, to be located in the State of Gujarat, India.   The Jafrabad LNG Port will be a 5 million tons per annum (MTPA) LNG receiving terminal, with one jetty-moored Floating, Storage and Regasification Unit (FSRU). The two partners have the firm intention to expand the terminal to 10 MTPA, through the deployment of a second FSRU.   Swan secured all necessary permitting for the project and the concession agreement is ready for execution. The parties are in negotiation with EPC contractors for the breakwater, jetties, topsides and onshore receiving facilities. Several financial institutions have already expressed their interest in support of the project and final investment decision is therefore planned for the first half of 2016.   Heads of Agreements are in place for an initial 4.5 MTPA regasification capacity, over a period of 20 years. Detailed negotiations are in progress with the four users: Indian Oil Corporation Limited (IOCL), Oil and Natural Gas Corporation Limited (ONGC), Bharat Petroleum Corporation Limited (BPCL) and the Gujarat State Petroleum Corporation Limited (GSPCL).   EXMAR will contribute its experience in floating LNG solutions into the integrated project management team and will participate as equity partner in the LNG receiving terminal.  


Emerson Wins Contract with Golar LNG

GolarFreeze_web.jpg

Emerson Process Management has won a contract from Golar LNG to supply PlantWeb digital automation architecture for basic process control and safety systems on the Golar Freeze, a floating storage and regasification unit (FSRU) vessel.  Currently an LNG carrier, the Golar Freeze will be converted into a floating terminal, and docked at a purpose-built jetty in the Jebel Ali Port near Dubai, UAE. Golar will operate the vessel


GAC, Nat'l Maritime College of Ireland Initiative

Christer Sjodoff, Group Vice President, GAC Solutions and John Clarence, Head of College, NMCI. (Photo courtesy Blue Communication Ltd.)

GAC, provider of shipping, logistics and marine services, announced the launch of GAC Training & Service Solutions Limited (GTSS), a new initiative that will provide training solutions for the LNG and tanker markets, as well as other commodity and maritime sectors. A joint venture between GAC and the National Maritime College of Ireland (NMCI), the partnership will provide expert delivery of a portfolio of training courses for both seafarers and shore-based shipping personnel.


LNG: $93B Capex in 5 Years

The new Douglas-Westwood LNG report forecasts five-year facilities Capex will exceed $93 billion. A bright future is forecast for the LNG industry, as growing long-term gas demand drives major investment in global LNG facilities. The World LNG Market Report 2011-2015, from award-winning energy business advisors Douglas-Westwood (DW), predicts the Pacific basin will be the main contributor to a ten-year global investment high of $26 billion per annum by 2015


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)


Royal Vopak to Acquire EXMAR's FRSU Share

EXMAR to sell its share in FRSU

EXMAR and Vopak announce that discussions are currently taking place to explore the possibility of an acquisition of EXMAR’s share in its floating LNG storage and regasification business (FRSU’s) by Vopak. As the outcome of these discussions between EXMAR and Vopak is currently unknown, no further details are disclosed. Material updates will be communicated via press releases. Vopak has earmarked storage and handling of LNG/gas as one of its strategic focus areas


Petronet achieves highest turnover at Rs 37,748 crores

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  Petronet LNG Ltd, the nation's biggest importer of gas, reported yesterday its highest turnover at Rs 37,748 crores for the year ended March 31, 2014 and net profit at Rs 712 crores.  During the year the Dahej terminal processed 489 TBTUs depicting a capacity utilisation of 96%. Kochi terminal was commissioned during the year and processed only 4.50 TBTUs of LNG serving two consumers in the vicinity of the terminal – the BPCL refinery and FACT


Live Oak Plans LNG Plant on Calcasieu Channel

Picture: Live Oak LNG

Louisiana Governor Bobby Jindal and Martin Houston, Chairman of Live Oak LNG, has announced a new natural gas liquefaction and export project, up to a $2 billion investment, to be developed in the Calcasieu waterway. The $2 billion plant will be located on the Calcasieu Ship Channel and will create 100 direct jobs and 385 indirect jobs, the governor said. The permanent jobs will pay an average salary of about $75,000. About 1,000 construction workers will be hired. 


Croatia's Floating LNG Terminal Due in 2018

Croatia Economy Minister Tomislav Panenic. Photo: HINA

 Croatia could complete its 2 billion cubic metre per year floating LNG facility in 2018, Economy Minister Tomislav Panenic said.   In an interview with Reuters Tomislav said that Croatia intends to complete the construction of a floating LNG terminal in the northern Adriatic by 2018, and the initial capacity would be about two billion cubic metres of gas annually.   "That does not mean giving up on the land terminal


Total in Talks to Buy Iranian LNG Project

Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. The French oil major -- the first of its peers to strike deals in Iran after sanctions -- seeks entry into Iran LNG at a discount to the pre-sanctions price in exchange for reviving the stalled project, two sources with knowledge of the matter said. A third source confirmed Total was in the running for a stake


MOL to Restructure Organization

Chart: Mitsui O.S.K. Lines

 The Japanese shipping company  Mitsui O.S.K. Lines, Ltd (MOL) will restructure its organization effective April 1, says a press statement from the company.   MOL is establishing the Product Transport Business Unit, under which much of the carrier and port divisions will reside


Fosmax Mulls LNG Bunkering at Fos Cavaou

Aerial photograph of the Fos Cavaou LNG terminal. Photo: Fosmax LNG

 France's Fosmax LNG has announced that it is considering making short/medium-term investments to modify its existing facilities to make them capable of receiving both existing and planned small scale LNG vessels at the Fos Cavaou LNG terminal, near Marseille.  


Two rescued from Galveston Jetty

Sailboat drifts into South Galveston Jetty Courtesy Photo U.S. Coast Guard District 8 PADET Houston

 A Coast Guard aircrew plucked 2 men from the south Galveston Jetty Saturday morning, after their sailboat lost steering and ran into the rocks. At 9:06 a.m., the crew of the 27-foot sailboat called Coast Guard Sector Houston-Galveston watchstanders for help


Fewer Bunkers in Rotterdam in 2016

Photo: The port of Rotterdam

 In 2016 the sale of bunker oil - fuel for shipping - in the Rotterdam bunker port diminished from 10.6 million m3 to 10.1 million m3.    There is no reason known for this decline. For the first time, ships bunkered a sea-going vessel with LNG, liquefied natural gas, in Rotterdam


First Purpose-built LNG Bunkering Vessel Delivered

Photo NYK Line

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


Hanjin Heavy Delivers Purpose-Built LNG Bunkering Vessel

Photo: ENGIE

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.   


Navy Handed Over Seychelles Ship Topaz After Refit

Topaz. Photo: Indian Navy

 Seychelles Coast Guard Patrol Ship (SCGPS) Topaz has completed her Medium Refit and has been handed over to Colonel Simone A Dine, Commander Seychelles Coast Guard by Rear Admiral Narayan Prasad, NM, Admiral Superintendent, Naval Dockyard, Visakhapatnam on 16 February 2017.   


Shell: LNG Demand Strong to 2030

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


LNG Bunkering Commences in Australia

(Photo: EVOL)

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


New Pilot Boat for the Thames and Medway

Photo: Port of London Authority

Estuary Services Limited (ESL), a joint venture between the Port of London Authority (PLA) and Peel Ports London Medway, is continuing its fleet replacement plan and buying another new pilot boat for its pilot transfer operations serving the ports of London and Medway.   


Novatek Says No Need to Borrow More for Yamal LNG Project

Russia's largest private gas producer Novatek has no need to increase borrowing as it has sufficient funds for investments into its Yamal LNG project, the company's management said on Wednesday. At a conference call with analysts, Novatek's chief executive Leonid Mikhelson said his company has


OLT Seeks up to 20 LNG Cargoes

File Image: Credit Parker Bestobell

Italy's OLT LNG import terminal moored off the Tuscan coas t is seeking up to 20 cargoes of liquefied natural gas (LNG) for delivery between April and September, two trade sources with direct knowledge of the tender said on Thursday.  


GasLog LNG Services Selects E-learning Solution

Pictured in the center-left, Mr. Theofanis SALLIS, General Manager of Operations of GasLog in Greece, along with Mr. Ioannis ATHANASOPOULOS (center-right), Managing Director of Seagull Greece. On the far left, Mr. Antonios LIAPPIS, Marine HR Manager of GasLog. On the far right, Mrs. Archontia LENI, Competency Assurance Manager of GasLog. (Photo: GasLog)

LNG tanker shipmanagement company GasLog LNG Services Ltd. has selected Seagull Maritime’s e-learning material & Competence Management platform for use fleet-wide, in manning offices and online, along with the Crew Evaluation System for its main office in Greece.  


Teekay LNG Reports Profit in 4Q

Phto: Teekay Corporation

 Teekay LNG Partners has reported GAAP net income attributable to the partners and preferred unitholders of $84.4 million and adjusted net income attributable to the partners and preferred unitholders of $29.0 million in the fourth quarter of 2016.  


Steel Cut for World's First LNG Cruise Liner

(Photo: AIDA Cruises)

German shipbuilder MEYER WERFT held a steel cutting ceremony on February 21 in Papenburg marking the ceremonial start of construction for the newest cruise liner for Rostock-based cruise company AIDA Cruises. The new cruise ship will be the world’s first capable of operating completely on






 
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