Sabine Pass Lng
Teekay LNG Partners signs two, 5-year time-charter contracts with Cheniere Marketing to provide Liquefied Natural Gas (LNG) transportation services. The fixed-rate time-charter contracts will be serviced by the two 173,400 cubic meter LNG carrier newbuildings ordered by Teekay LNG in December 2012. The newbuildings are currently under construction by Daewoo Shipbuilding & Marine Engineering of South Korea and are scheduled to be delivered in the first half of 2016. These new ships will be constructed with M-type, Electronically Controlled, Gas Injection (MEGI) twin engines, which are designed to be significantly more fuel-efficient and have lower emission levels than other engines currently being used in LNG shipping. "We are excited to be supporting Cheniere, which will be exporting volumes from the Sabine Pass LNG export facility, the first LNG export facility project in the contiguous United States to receive approval for LNG exports," commented Peter Evensen, Chief Executive Officer of Teekay GP LLC. "This is a pioneering transaction which combines one of the first U.S. LNG export facilities with the first MEGI-propelled LNG carriers to be chartered." Mr. Evensen continued, "With this transaction, the Partnership is once again able to provide investors with visible distributable cash flow growth that we expect to build on due to the strong fundamentals of the LNG transportation markets we see developing commencing from 2016
Chicago Bridge & Iron Co. N.V. on August 1 was awarded a contract, valued at more than $1b, by Golden Pass LNG Terminal LLC for the construction of a liquefied natural gas import terminal near Sabine Pass, Texas. The engineering firm said the terminal, which is expected to start up in 2009, will have import capacity to process 15.6 million tons of LNG per year. The project is expected to create more than 1,000 construction jobs in southeast Texas. (Source: Reuters)
The Department of Energy is likely to approve additional permits this year to companies looking to export liquefied natural gas more broadly, reports Market Watch, citing Morgan Stanley. Freeport LNG has recently received DOE approval to export LNG to countries without a free trade agreement with the U.S.. Only one other project — Cheniere Energy Inc.’s Sabine Pass — has been granted that coveted permit, informs the Wall Street Journal Market Watch report.
A Coast Guard crew passes the capsized 101-foot crew boat Rene I after it was involved in a collision with the 784-foot tanker Genmar Strength in the Sabine Ship Channel. The boat sank between the jetties where the channel enters the Gulf of Mexico, approximately two miles east of Sabine Pass, Texas. Coast Guard crews rescued three of the four men aboard the Rene I and the crew of a Sabine pilot boat rescued the fourth crewmember
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)
Noble Drilling Corporation has negotiated a resolution to the dispute with Mariner Energy, Inc. regarding the use by Mariner of Noble's newly converted semisubmersible, Noble Homer Ferrington. As announced on January 10, 2000, Noble had previously filed suit against Mariner and Samedan Oil Corporation for breach of contract regarding the use of the rig. As part of the settlement, Mariner and Noble have executed agreements covering use of Noble Homer Ferrington at variable dayrates for 660
The U.S. Coast Guard is preparing a letter of recommendation as to the suitability of the Pascagoula Bar, Horn Island Pass, Lower Pascagoula Bay, and Bayou Casotte Channels for liquefied natural gas (LNG) marine traffic. The letter of recommendation is in response to a letter of intent submitted by Gulf LNG Clean Energy Marine Terminal Project to operate a LNG facility in Jackson County, Mississippi. A public meeting will be held in Pascagoula on December 7 to receive input
The Coast Guard medevaced a 47-year-old man from the OSV Capt. After it reportedly collided with the a tanker ship, the Panam Carabe, Friday night. A rescue boat from Coast Guard Station Sabine was dispatched, to meet the Capt. Nick about 10 miles off shore from Sabine, Texas. The crew arrived at the vessel's location, after being slowed by heavy fog and extremely low visibility. The injured crewman was complaining of intense internal pain
An administrative law judge has suspended Pilot John C. McCarthy III's license Friday for eight months, with additional 12 months probation, after ruling that the Coast Guard proved its case of negligence and misconduct against him. The judge's decision stemmed from a March 14, 2006, incident on the Savannah River where the tank vessel Charleston, piloted by McCarthy, passed the liquefied natural gas facility on Elba Island at a speed in excess of 14 knots during an LNG transfer
Mitsui O.S.K. Lines, Ltd. signed a long-term contract for two new liquefied natural gas (LNG) carriers with Kansai Electric Power Inc. (President: Makoto Yagi). At the same time, MOL concluded contracts to build the ships Kawasaki Heavy Industries, Ltd. (President: Satoshi Hasegawa) and Mitsubishi Heavy Industries, Ltd. (President: Hideaki Omiya). The ships are slated for launching in 2016 and 2017. MOL will manage and operate the vessels, with which transport LNG for Kansai Electric Power.
Mexico's Senate gave general approval on Monday to legislation laying out expanded powers for energy regulators, part of the fine print needed to implement a constitutional reform that overhauls the oil, gas and electricity sectors. Senators must still debate reservations to the regulatory
In another important step forward for the Alaska LNG project, an application to export liquefied natural gas (LNG) was submitted to the U.S. Department of Energy by EXXONMobil. The export application requests authorization to export up to 20 million metric tons per year of LNG for a
International classification society Bureau Veritas has published a comprehensive set of guidelines on LNG Bunkering, with the aim of speeding adoption of LNG as a ship’s fuel by kick-starting the LNG bunker chain. Jean-Francois Segretain, Technical Director, Marine and Offshore Division
It would be possible for barges to fill up with LNG at a permanent bunkering station in the port of Antwerp by the beginning of 2016. Truck-to-ship bunkering is already possible, but by setting up a bunkering station the port of Antwerp aims to make LNG permanently available.
Teekay LNG Partners L.P. has announced that it has agreed to sell 2,800,000 common units, which represent limited partner interests, in a public offering. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 420,000 common units
Royal Dutch Shell has suspended development of a liquefaction unit at Canada's Jumping Pound facility, which was to be used to develop the emerging gas for transport market. Gas liquefaction is increasingly being produced for use in transportation of large road vehicles, in trains
BC Ferries has awarded Remontowa Shipbuilding S.A. of Gdansk, Poland contracts totaling $165 million to build three new Intermediate Class LNG-fueled passenger ferries, to be classed by Lloyd’s Register (LR). The new intermediate class vessels will be the first vessels in BC
A relatively steady week in the newbuilding market in terms of volume of ordering remarks Clarkson Hellas in their latest S&P Weekly Bulletin, most for LNG carriers. Dry bulk carriers In Dry, Sungdong Shipbuilding have signed contracts with Teh-Hu (Hong Kong) for one firm plus one option 180
Liquefied Natural Gas Limited (LNGL) informs that the US Federal Energy Regulatory Commission (FERC) has accepted Kinder Morgan Louisiana Pipeline LLC’s (KMLP) application pursuant&
Gaztransport & Technigaz (GTT) announced the notification of two Liquefied Natural Gas Carriers (LNGCs) which will be built by the Korean shipbuilder Hyundai Heavy Industries (HHI). GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from the shipbuilder
Lloyd’s Register (LR) is working with British port to develop operational procedures and technical standards required for safe LNG bunkering operations. LR has commenced a project to identify the technical specifications and develop operating procedures for safe LNG bunkering in
Australia's North West Shelf liquefied natural gas (LNG) export plant is expected to soon launch a tender to sell three cargoes loading in September, shipping and trading sources with knowledge of the matter said. The project's stakeholders expect a September-loading tender to be issued
GTT launches its training center by welcoming delegates for the first course Gaztransport & Technigaz (GTT) announced that its new training center awarded certificates to the first group of delegates to complete a LNG Cargo Operations (SIGTTO management Level) training course.
Japan's Mitsui OSK Lines Ltd (MOL) said on Wednesday that it will start transporting liquefied natural gas (LNG) through the Arctic Ocean in 2018 using icebreaker LNG tankers. MOL, with its joint venture partner China Shipping, has ordered three icebreaker LNG carriers from South Korea's Daewoo
Mitsui O.S.K. Lines (MOL) says its joint venture with China Shipping (Group) Company has signed shipbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) in Korea to build three ice class LNG carriers for the [Russian] Yamal LNG project.