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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


DNV GL Okays New Floating Power Generation Concept

A 3D model of the FLPS concept. Note: “FLPS” is the registered trademark of IHI Corporation in Japan. Image: DNV GL

 DNV GL has given IHI Corporation Approval in Principle (AiP) for its FLPS (Floating LNG Power Station) concept.   The formal handover of the Approval in Principle took place in Tokyo on July 5. The design has been found to comply with DNV GL class standards and other relevant industry standards.    The FLPS concept is a combination of a Floating Storage and Regasification Unit (FSRU) and a power plant


Scottish Ferries Contract for Parker Bestobell Marine

Ferry Valve (Photo: Bestobell Marine)

Parker Bestobell Marine, part of Parker Hannifin, has won a contract to supply cryogenic globe and check valves for two Caledonian MacBrayne Ferries (Calmac) being built at Ferguson Marine Engineering in Glasgow.   The valves will be installed in the liquid natural gas (LNG) fuel gas


First Dual-fuel LNG Car Carrier Christened

AUTO ECO (Photo: Port of Zeeburgge)

United European Car Carriers (UECC), daughter company of Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, signed a contract in 2014 for the construction of two dual fuel LNG Pure Car and Truck Carriers. The first vessel, de ms AUTO ECO


Fuel Talk: Greener Ships 'Abandoned'

Push Back: Leaders citing limited returns for “green-fuels” investments include (from left): Håvard Ulstein, MD, Island Offshore; Karsten Sævik, CEO, Remøy Shipping; and Ståle Kyrkjedelen, Norway’s Operations Manager, Bourbon Offshore. (Photo: William Stoichevski)

In the immortal words of one Kermit the Frog, “it’s not easy being green.” Nor inexpensive. Offshore ship owners managing the demand “fallout” of the past year and navigating myriad environmental strictures say their leap of faith toward greener fuels has taken its


Höegh LNG, SHI Ink FSRU Deal

Courtesy Höegh LNG

Höegh LNG Holdings Ltd. has signed a Letter of Intent ("LOI") for one firm and three optional FSRUs at Samsung Heavy Industries (SHI) in South Korea. The 170,000 m3 FSRUs have regasification capacity of 750 MMScf/day and full trading capabilities


Thailand Ups Long-term LNG Imports Due to Coal Plant Delays

Thailand is increasing its planned long-term imports of liquefied natural gas (LNG) to meet rising demand after delays to the construction of coal-fired power plants, a senior official at energy ministry said on Wednesday.   Energy policy makers have revised their target of LNG imports to 17


ExxonMobil Inks Deal to Collaborate on Caledonia LNG Project

OIC MEETING PHOTO EXXONMOBIL

ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council have signed an agreement to collaborate in the “Caledonia LNG ” project. The aim is to develop the infrastructure, storage and technical support needed to enable safe


India Identifies 12 Major Ports Under Sagarmala for Future Cargo Handling

Indian Shipping Minister Nitin Gadkari Photo: Official FB Page

 Port Master Plans for 12 major ports have been prepared keeping in view the requirements for cargo handling till 2035. A total of 142 Port Modernization and 30 Port Connectivity projects have been identified in the Master Plans.  


SVEZA OK'd to Supply Plywood for LNG Carriers

GTTs auditor signs of plywood samples for qualification tests. (Photo: Sveza)

SVEZA Ust-Izhora plywood mill recently obtained the GTT (Gaztransport & Technigaz) Approval confirming compliance with specification of containment system for liquefied natural gas carriers. SVEZA Group is a leader in birch plywood production


First LNG-fueled Pure Car/Truck Carrier Named

World’s first LNG-fueled pure car and truck carrier Photo United European Car Carriers

United European Car Carriers (UECC), owned equally by NYK and Wallenius Lines, held a naming ceremony on November 21 at the Port of Zeebrugge, Belgium, for Auto Eco, the world’s first LNG-fueled pure car and truck carrier (PCTC). Auto Eco had been delivered to UECC on September 29.  


Two New SEA\LNG Partners

SEA\LNG, which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed two new partners, each representing key aspects of the LNG maritime value chain: ABS and Keppel Offshore & Marine’s Gas Technology Development.  


Partners to Build LNG Dual-fuel Bunker Ship for Singapore

Harley Marine International Holdings Pte. Ltd. said it has signed an MoU with Pavilion Gas Pte. Ltd, Mitsui O.S.K. Lines, Ltd. (MOL), and Mitsui & Co., Ltd. (Mitsui) to build the first liquefied natural gas (LNG) dual-fueled bunker tanker for Singapore.  


India Earmarks $7.1 bln to Expand, Modernise Major Ports

 Expansion, modernization and up-gradation of Major Ports in India is an ongoing process to keep the ports abreast with new technologies and also to promote trade and cargo.    62 Public–private partnership (PPP) Projects with an investment of Rs.49,049 crore ($7


Samsung Heavy Cancels $776.8 mln LNG FPSO Order

Image: Samsung Heavy Industries

 South Korean shipbuilder Samsung Heavy Industries (SHI) has terminated a contract worth a 907.6 billion won ($776.8 million) for the construction of a liquefied natural gas (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an unnamed European buyer back in January


First LNG-powered Hopper Dredger Launched

Worlds first LNG-powered hopper dredger Minerva launched Photo Royal IHC

The launch ceremony of DEME’s 3,500m3 LNG-powered trailing suction hopper dredger (TSHD) MINERVA took place on 3 December at Royal IHC's shipyard in Kinderdijk, The Netherlands. The official name giving and christening ceremony will take place in the spring of 2017 in Zeebrugge, Belgium.


ExxonMobil Sees PNG LNG Producing at 16 pct Above Nameplate

Photo:  PNG LNG

 ExxonMobil expects to deliver 7.9 million tonnes of liquefied natural gas from Papua New Guinea this year, around 14 percent above nameplate capacity of its PNG LNG plant,  says a report in Reuter's quoting the company's PNG head.  






 
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