Yamal LNG, a J/V between Russia’s Novatek and France’s Total, granted permission to build a liquefied natural gas plant in the Russian Arctic. The joint venture, majority-owned by Novatek with an 80 percent stake, received a positive assessment from the State Expert Commission for the project and permission to build the LNG plant at the port of Sabetta on the Yamal Peninsula, reports Ria Novosti. The Yamal LNG project envisages building the plant in two stages with a capacity of 15 million tons each. A final investment decision on the project has not yet been taken. The project also stipulates the establishment of a seaport at Sabetta and the construction of an ice-class tanker fleet. The first LNG shipment by tankers from the port is scheduled for 2016. Source: Ria Novosti
A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project. The prototype vessel will be operated under a long-term time charter between OAO Sovcomflot and JSC Yamal LNG. The steel-cutting ceremony, marking the formal start of a ship’s construction process, took place at the Daewoo Shipbuilding and Marine Engineering Co., Ltd
According to a March 3 report from Bloomberg, Total SA (FP), Europe’s third-biggest oil company, agreed to buy 12% of OAO Novatek and join the Yamal LNG project to snap up reserves as international energy producers rush to explore Russia’s Arctic resources. (Source: Bloomberg)
Deltamarin Ltd. has provided Aker Arctic Technology Inc. with design services for two polar class heavy deck carrier ships intended for carrying heavy project cargos in large modules to Yamal LNG plant construction site on the Russian Yamal peninsula. Aker Arctic, the main contractor for the design of the vessels, has developed the ship concept with its client ZPCM-Red Box Energy Services and provides the basic design for Guangzhou Shipyard International Co. Ltd
Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which has claimed the title of the world’s biggest containership. After the christening ceremony the MSC Oscar departed for Busan. The vessel has a capacity of 19,224 containers, and is the equivalent of four football stadiums in length with the nominal capacity of 19,224 TEU. The prestigious title has been taken over from China Shipping’s CSCL Globe, boasting 19,100 teu
For Russian Maritime Register of Shipping (RS), 2014 marked the 101st year of its activities. The classification society said 2014 also marked a landmark year, as the construction of the world's first Arctic LNG carrier began to RS class. The new 300-meter-long ship carrying liquefied natural gas in membrane tanks will be able to operate in ice of about two meters thick. There are more than 150 vessels that are ordered or already under construction to the RS class with the total
The Marine Engineers' Beneficial Association (MEBA) has signed a Memorandum of Understanding with innovative LNG importer Excelerate Energy to utilize U.S.- citizen deck and engineering officers onboard Excelerate's liquefied natural gas (LNG) carriers. The issue of Americans onboard LNG vessels has been the focus of congressional and administrative oversight over the last few years. The House Homeland Security Committee scheduled a hearing on March 21st to
Venezuelan state oil company Petroleos de Venezuela (PDVSA) is reportedly preparing to sign an agreement with Enron to build the country's first liquefied natural gas (LNG) export plant. Located in the eastern oil port of Jose, the facility will have an annual capacity of 2.1 million tons of LNG and should start operation in 2004, PDVSA said in a statement. It will be the first LNG plant to be built in gas-rich Venezuela which -- despite having the largest gas reserves in the western
Houston-based LNG fuel supply and distribution company LNG America LLC announced today that it has contracted Jensen Maritime, Crowley Maritime Corp.'s Seattle-based naval architecture and marine engineering company, to design the initial bunker/shuttle barge for its U.S. Gulf Coast operations. Currently no LNG bunkering barges are in operation in American waterways, and these vessels will be among the first to be developed and built
Russian Maritime Register of Shipping (RS) has signed an agreement with South Korean yard Samsung Heavy Industries Co. LTD for design approval and survey under construction of a new series of 42,000 dwt Arctic shuttle oil carriers (project 42К Arctic Shuttle Tanker). The new tankers are designed to complete a set of tasks of hydrocarbons transportation from Novoportovskoye field, which is situated in the north of Yamal peninsula, 30 km off the Gulf of Ob coast
GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that own and charter the liquefied natural gas (“LNG”) carriers the Methane Alison Victoria
Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport Agency.
Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on July 2nd in Vilnius
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14, 2015 to all unitholders of record as at July 14, 2015.
Royal Boskalis Westminster N.V. has been awarded three dredging-related contracts on the African subcontinent with a combined value of approximately EUR 75 million. In Angola, Boskalis has been awarded a contract by Angola LNG Ltd. for dredging activities related to maintaining the access
Harvey Gulf continues growth despite industry downturn; new affiliate Harvey Shipyard Group acquires Gulf Coast Shipyard Group Harvey Gulf International Marine (HGIM) is launching a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets, the company announced today
Finnish natural gas importer Gasum and Dutch gas tanker ship-owner Anthony Veder have signed an agreement for a long term time charter of a new ICE Class 1A Super LNG carrier. The companies have agreed on a long term timecharter for a state of the art 18,000 cbm LNG carrier
BAM International has completed its €65 million project to construct the Aqaba LNG terminal for Aqaba Development Corp. (ADC). The operating company of Royal BAM Group handed over the project on 23 June, two months ahead of schedule.
Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger European demand after production cuts at the region's largest gas field.
The U.S. Trade and Development Agency informs it has awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal. The Panama Canal is expected to handle significant LNG tanker traffic upon completion of the canal expansion
The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal. The ACP has been awarded a US Trade and Development Agency grant to help fund a feasibility study for the project
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
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
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
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