Höegh LNG and Mitsui OSK Lines, Ltd. (MOL) confirm the signing of long term time charter parties for two Shuttle and Regasification Vessels (SRV) with SUEZ LNG Trading SA. These vessels are specifically designed to service an offshore natural gas import terminal to be built in Massachusetts Bay offshore the city of Boston on the US East Coast. The vessels will be delivered in 2009 and 2010. The SUEZ owned Neptune LNG LLC received the final license issued by MARAD for the construction of the terminal on 23 March. Environmental awareness and safety The LNG re-gasification vessels and the deepwater port installations can meet the most stringent environmental regulations anywhere in the US for such terminal facilities. By placing the terminal services offshore there is no need for land-based terminals that could affect the local environment. The transportation of LNG by ship has an outstanding track record when it comes to safety.
With two major LNG conferences taking place this week on opposite sides of the world - the third annual LNG Global Congress in London and the World LNG Series Asia Pacific Summit in Singapore - AtoBviaC, the specialist maritime route provider, has carried out a thorough review of all LNG trades to ensure that key ports and vessel manoeuvres in this important sector remain covered. LNG vessels are some of the most expensive in the industry
World LNG demand is forecast to rise from 158 billion cubic meter (bcm) to 269 bcm by 2010 and to 428.5 bcm by 2020. This growth represents an average annual trade growth of 7.6% over the near-term, with a slowing to 5.4% through to 2015 and 4.9% up to 2020. Such trade growth will necessitate an increased vessel building program. Currently there are 59 vessels on order, but to match the expected development of trade volumes an additional 33 vessels are required through to 2010
Cheniere's North American LNG Gateway Program with issuance of a Request for Proposals to sell to Cheniere up to 200 cargoes per year of liquefied natural gas (LNG) for the years 2008 - 2010. Cheniere's North American LNG Gateway(TM) program will provide global LNG suppliers a direct platform to nominate cargoes into Cheniere's LNG receiving terminals starting with the Sabine Pass LNG Receiving Terminal, which is currently under construction in Louisiana
International classification society Bureau Veritas is classing the world’s largest bilobe gas tanks. They are nearing completion at China’s Sinopacific yard and will be installed in a series of four 27,500 cu m semi-refrigerated LNG/Ethylene carriers building for Denmark’s Evergas. Each of the IMO Type C bilobe tanks has a capacity of 9,686 cu m. Two of the tanks in each vessel will be supplemented by a third conical Type C cargo tank and a smaller LNG fuel tank on the
Amarcon and GTT will develop technology that enhances the quality of sloshing measurement and prediction. Amarcon, a member of the ABB group, today announced it has signed an agreement with GTT (Gaztransport & Technigaz) on mutual development of forecasting and advice software system onboard LNG carriers. The deal was closed during the Gastech exhibition in London. GTT (Gaztransport & Technigaz) is a French engineering company formed in 1994 by the merger of the two major players
Asian spot liquefied natural gas prices ended their 2-month rally this week, interrupted by weak demand in Japan and South Korea as falling crude oil prices push importers to turn to oil-linked long-term LNG supplies. Spot LNG prices for November delivery lost ground to $14.60 per million British thermal units (mmBtu), versus $15 per mmBtu last week, amid still scarce demand from end-users in Asia. Most LNG trade takes place via 20-year supply deals offered by major oil companies and
Over the past couple of decades, natural gas (NG) has become a fuel of choice for power generation. One way of increasing the availability of NG is through the use of liquefied natural gas (LNG). Global LNG trade is expected to grow by 30% in the coming few years. In connection to LNG production growth, receiving and re-gasification capacity must grow as well. A substantial part of this growth will come from the development of small-mid scale LNG receiving and re-gas terminals
As the LNG trade significantly increase over the next decade, transporting the fuel in ever larger, more sophisticated ships means particular attention must be paid to technical issues to ensure the present and long-term viability of the new generation of larger LNG carriers. Operators continue driving the demand for larger LNG ships to take advantage of the economies of scale. "By increasing the size of the standard LNG carrier from about 145,000 to 200,000 cu. m
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 the assumption by utilities and industrial companies from Japan to India that cheap U.S. LNG would muscle into high-value Asian energy markets from 2016.
Nordic liquefied natural gas operator Skangass has celebrated a topping out ceremony at its Pori LNG terminal. The company said it was making progress in the construction of the storage tank for Finland's first LNG import terminal at the southern port of Pori.
Business Standard reported that real estate developer Hiranandani Group plans to set up a INR 2,400 crore floating LNG import terminal off Haldia, West Bengal and supply imported gas to users as far as Paradip in Odisha. H-Energy Pvt Ltd, the Energy arm of the Hiranandani Group
If you drive just south of I-10 in Pascagoula, Miss., within 10 minutes you find yourself on the doorstep of VT Halter Marine, arguably one of the more diverse and active shipyards in the U.S. The company, which is a subsidiary of Vision Technologies Systems, Inc
With key dates looming - 2016 NOx compliance and a 2018 review of fuel availability ahead of a global cap for SOx emissions, LR’s new guidelines and updated technical information supports operators’ investment decisions This new guidance addresses operational and in-service
The U.S. Maritime Administration (MARAD) announced that $900,000 in federal funding is now available to support the conversion of existing U.S. flag vessels to liquefied natural gas (LNG) propulsion. MARAD said it intends to use the results/data of this demonstration project to support
The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter of 2016, senior officials from the Malaysian state-oil firm said on Tuesday. The 365-metre (1,200 ft) long Petronas Floating LNG 1 (PFLNG1)
On 17 January 1955, Commander Eugene P. Wilkinson, USN, the first Commanding Officer of USS Nautilus (SSN 571) signaled the memorable and historic message “Underway on nuclear power.” Underway on LNG has an opportunity to signal an equally significant change in the merchant
The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas (LNG) exports, Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, said today.
Stena Bulk has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia. The duration of the charter is up to three years with a possible further extension as a goal. The contract was signed at current market freight rates
General Dynamics NASSCO launched the 3,100 teu Isla Bella, the world’s first LNG-powered containership. More than 3,400 shipbuilders, their families, and others attended the special event at the San Diego-based shipyard.
The last piece of the LNG infrastructure puzzle, in the form of North America’s first LNG bunker barge, falls into place at Conrad’s Orange, Texas Shipyard. With continued debate over new emissions standards and compliance dates hanging over the heads of operators in the Emission
Safety around Liquefied Natural Gas (LNG) is a hot topic, now that LNG is more and more becoming the fuel of the future. The results of a recent LNG emergency and incident response study are a big step forward in LNG safety in Europe
System will be the first of its kind in the US for maritime industry Sea Star Line, LLC and Applied Cryo Technologies (ACT), in cooperation with Dragon Products, have finalized plans for the first liquefied natural gas (LNG) bunkering system that will supply Sea Star Line’s new ships
The U.S. Coast Guard’s (USCG) Office of Design and Engineering Standards released CG-ENG Policy Letter 02-15 to provide interim guidance for the design standards for barges carrying liquefied natural gas in bulk. As interest in the use of LNG as a maritime fuel has increased
The Linde Group, via its Swedish Engineering subsidiary Cryo AB, has been awarded a contract by Meyer Turku Shipyard of Finland to build a liquefied natural gas (LNG) fuel gas system for the next-generation high-speed ferry being built for AS Tallink Grupp