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Two Lng

GTT Records Order for 2 LNG Tankers

GTT receives a new order from Hyundai Samho Heavy Industries for two LNGCs for Teekay   GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received a new order for two LNG carriers (LNGCs) to be built by the Korean shipbuilder Hyundai Samho Heavy Industries.    The LNGCs, to be owned and operated by Teekay, are expected to be delivered in 2019.   The two LNGCs will be built with the Mark III Flex technology.


E.ON, Mitsui Ink LNG Transport Deal

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.


Hyundai Heavy Wins LNG Orders

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.


LNG Projects Clear FERC Review

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.


Petronet LNG to Float Subsidiary

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


Teekay LNG Acquires Interests in Four LNG Newbuildings

Photo coutesy of Teekay LNG

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


BV Launches LNG CAP

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


Teekay Order Two More 173,400 cu.m LNG Carriers

Flags displayed at signing: Photo credit Teekay Tankers

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.


Joint Venture Advances Canadian LNG Market

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


Kuwait in Talks on Russian LNG Imports

LNG carrier credit Gazprom

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


Jensen Develops 2 New LNG Bunker Barge Concepts

Image: Jensen Maritime Consultants, Inc.

Jensen Maritime Consultants, Inc., a naval architecture and marine engineering firm owned by Crowley Maritime Corp., has developed two new liquefied natural gas (LNG) bunker barge concepts.   The two new fully customizable concepts aim to offering customers maximum flexibility and improved


Busan LNG Bunkering Terminal by 2020

Photo Source: Busan New Container Terminal

 A new liquefied natural gas (LNG)-bunkering terminal may become operational at South Korea's Busan New Port by 2020.    South Korean shipping company Polaris Shipping will reportedly invest $500 million (KRW 600 billion) to construct the facility.  


TEN Charters Tanker at 20% Premium

Tsakos Energy Navigation Limited announces two-year charter renewal at a 20 percent premium to prior contract reflecting strong tanker market fundamental, oil price levels positive for tanker markets   Greece-based crude, product and LNG tanker operator Tsakos Energy Navigation Limited


Egypt Picks Jordan LNG Cargo Winners

Egypt has picked Shell, Vitol and Trafigura in a tender to supply four cargoes of liquefied natural gas (LNG) via Jordan's Aqaba import terminal, trade sources said. Shell will supply two cargoes while trading houses Vitol and Trafigura will supply one each, traders said.


Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu

Image: Sabine Pass LNG terminal

 Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.   Sources told Platts that the maiden trade was completed at $7


Tanker Converted to LNG-electric Propulsion

Photo: Bergen Tankers

Bergen Tankers’ 95-meter-long chemical and product tanker Bergen Viking has returned to service following its conversion from diesel-electric to liquefied natural gas (LNG)-electric propulsion.    Delivered in 2007, the Rolls-Royce powered vessel supplies diesel and petrol along


FLEX Acquires LNG Assets from EXMAR

Image: EXMAR LNG

 Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd.   Belgian liquefied natural gas (LNG) carrier owner and operator Exmar and Geveran


Japan's MHI Bags Indian Oil's LNG Storage Tank Contract

Image: IOC

 Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Mitsubishi Heavy Industries Pvt Ltd (MHI) of Japan.  


Egypt, Russia Pact for LNG Shipments

Image by ESRG

 The Egyptian Natural Gas Holding Company (EGAS) signed an initial agreement with Russian company Rosneft to supply oil products and liquefied natural gas (LNG) shipments.   The document defines key terms of the future cooperation between the companies in the area of LNG supplies.


Two LNG Cargo Exports Planned from Dutch Terminal at End-July

Two liquefied natural gas (LNG) cargoes are to be exported from the Gate terminal in the Netherlands at the end of the month, trade sources with knowledge of the matter said.   German utility RWE has purchased one of the cargoes while Austrian-based Econgas has set up the other


BG Ships First LNG from QCLNG, Australia

BG Group ships first LNG from QCLNG Train 2 in Australia

  BG Group plc today announces it has started up and loaded its first LNG from the second production train at the Queensland Curtis LNG (QCLNG) facility in Australia. The first LNG from Train 2 set sail on the Maran Gas Posidonia. At plateau production, expected mid-2016


ABS Grants AIP for Jensen’s LNG ATB Design

Image: Jensen Maritime

A Jensen Maritime-designed, liquefied natural gas (LNG)-bunkering articulated tug-barge (ATB) has been granted approval in principle (AIP) by classification society American Bureau of Shipping (ABS). The designation establishes that Jensen’s vessel concept


Tanker Retrofitted with Dual Fuel Engine

Fure West (Image: Caterpillar Marine)

Caterpillar Marine informs it has begin a dual fuel engine retrofit conversion onboard the 472-foot Fure West tanker, owned by Furetank Rederi A/B. The MaK M 43 C diesel engine onboard the tanker will be retrofitted in hull to the seven-cylinder M 46 dual fuel platform


GAIL Tenders for LNG Cargoes

Pic: GAIL (India) Limited

 GAIL (India) Limited has launched two tenders for up to 17 cargoes of liquefied natural gas (LNG) for delivery in western India reports Reuters quoting trade sources.   The company is seeking five cargoes for deliveries in October to December at its 5 million tonne per annum (mtpa)


Challenging Times Ahead for LNG Shipping

Global LNG Trade and Drewry LNG Liquidity Ratio per quarter (2013-2015YTD). Source: Drewry Maritime Research

LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilizing LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet






 
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