E.ON has struck a deal with Japanese shipping group Mitsui OSK Lines LTD (MOL) to transport liquefied natural gas from the United States, the German utility said in a statement on Thursday. Running over 20 years, the shipping agreement includes capacity of up to two LNG vessels transporting about 800,000 tonnes of LNG from U.S. Gulf projects per year, including the planned terminal near Freeport, Texas, E.ON said. It said the deal would "serve its regasification capacities in Europe and globally optimise its growing LNG portfolio", adding the vessels were expected to be delivered in the third quarter of 2018. Reporting by Christoph Steitz
South Korea's Hyundai Heavy Industries won $340-million orders to build two LNG carriers for Golar LNG of Norway. One of the ships would be delivered by December 2003 and the other by July 2004, said a spokesman for the world's largest shipbuilder. With the new contracts, LNG orders for Hyundai Heavy have risen to six ships this year, worth about $1.02 billion, he said.
Teekay LNG Partners L.P. announced that it has acquired from BG Group ownership interests in four 174,000 cubic meter Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carrier newbuildings, which will be constructed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China. The vessels, which are scheduled to deliver between September 2017 and January 2019, will each operate under 20-year time-charter contracts, plus extension options, with Methane Services Limited
Federal Energy Regulatory Commission (FERC) staff recently said two proposed liquefied natural gas import terminals on the Mississippi coast would not significantly harm the environment, clearing a major hurdle for the projects to win final approval from the agency. The proposed LNG Clean Energy Project that would be located in the Port of Pascagoula would be able to send out up to 1.5 billion cubic feet of gas a day.
Natural gas importer Petronet LNG Ltd (PLL) plans to float a shipping subsidiary overseas to haul gas to its greenfield re-gassification terminal of 2.5 million tonnes per annum capacity proposed at Kochi in Kerala. The diversification plan has been unveiled in the tender conditions stipulated by Petronet for selecting ship owners and operators for transporting LNG to the Kochi terminal. This is a departure from the first two shipping tenders finalized by Petronet for hauling gas from RasGas
Ferus Natural Gas Fuels and ENN Canada Corporation announced a Joint Venture to construct, own and operate two LNG liquefaction plants in Canada. The plants will be strategically located in Vancouver, British Columbia and Edmonton, Alberta to service the on-road trucking market as well as other high-horsepower applications including marine, rail, mining and oil and gas exploration. “The benefits of fueling with natural gas are significant”, said Henry Cai, CEO of ENN Canada
Gazprom informs it has hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Abdulaziz Al-Adwani, Ambassador Extraordinary and Plenipotentiary of the State of Kuwait to the Russian Federation to discuss prospects for bilateral cooperation in the oil and gas sector. In particular, the principals addressed the idea of broadening their co-operation on Gazprom's LNG supplies to Kuwait
Teekay LNG Partners L.P. has exercised two of its three existing options with Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) of South Korea for the construction of two 173,400 cubic meter liquefied natural gas (LNG) carrier newbuildings for delivery in 2016. These two newbuilding LNG carriers are in addition to the two LNG carriers Teekay LNG ordered from DSME in December 2012, which have since secured time-charter employment commencing upon delivery.
Bureau Veritas launched a unique Condition Assessment Program for LNG carriers. The CAP works in a similar way to existing Harmonized CAP programs for oil tankers, but has special requirements unique to LNG carriers. Speaking at the SIGTTO annual meeting in San Francisco today, Bruno Dabouis, commercial manager of BV said, "The LNG market is opening up and there are signs that a spot market for LNG carriers may further develop
Sempra LNG, a subsidiary of Sempra Energy (NYSE: SRE), announced that its Cameron LNG liquefied natural gas (LNG) receipt terminal near Lake Charles, La., has successfully completed performance testing and has begun commercial operations. Over the past month, start-up and commissioning activities have been completed, including the arrival of the facility's first two LNG commissioning cargoes and obtaining the approval to commence operations from the Federal Energy Regulatory Commission
Liquefied Natural Gas Limited announced the placement of 40 million fully paid ordinary shares in the capital of LNGL, which has raised A$174 million before costs (Placement). Use of Proceeds The proceeds of the Placement will be used towards:
Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying. This would be the first LNG deal between the world's two biggest energy users
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers
Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States. “Mitsui has newly contracted yesterday the eighth ship
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
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.
GasLog Ltd. completed the acquisition of two LNG carriers from Methane Services Limited, a subsidiary of BG Group plc, which was previously announced on December 22, 2014. This transaction completes the third acquisition of ships from BG by GasLog in the last twelve months
A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural gas (LNG) train at Freeport LNG in Texas, US. Upon completion
Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to the new ninth edition of Douglas-Westwood’s (DW) World LNG Market Forecast 2015-2019
USCG completes LNG bunkering regulations with reference to DNV GL’s Recommended Practice Responding to the industry’s need for more guidance on procedures related to liquefied natural gas (LNG) bunkering, the U.S. Coast Guard (USCG) has published two new Policy Letters on LNG
GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31, 2014. Highlights • Agreement to acquire two
100 Orders received for ME-GI; second ME-GI engine dispatched by engine builder after successful Factory Acceptance Testing MAN Diesel & Turbo reports that its ME-GI engine has now received more than 100 orders. FLEX LNG announced on February 2 that two-stroke slow-speed ME-GI main
Vitol will supply Egypt with nine LNG cargos for two years starting June 2015, an Egyptian oil ministry statement said on Thursday. The statement said the ministry was also finalizing talks with BP over a deal to supply the country with 21 LNG cargoes.
Bureau Veritas (BV) is to class two projects for gas-fuelled vessels to be built for Canadian owners in Turkish shipyards. British Columbia-based Seaspan Ferries has chosen BV class for two hybrid LNG/diesel/battery-powered ro-ro cargo ferries which will be built at the Sedef yard in