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
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)
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
The works carried out to deepen the approach channel to the Port of Sabetta on the Gulf of Ob in the Russian Far North have resulted in the removal of previous restrictions on vessel call for large ships, including nuclear-powered icebreakers, report Arctic-Info. Citing a report by the press service of the Arkhangelsk branch of Rosmorport Arctic-Info report that last year the company implemented a significant amount of dredging works at the navigation approach channel in the Gulf of
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
The Federal Energy Regulatory Commission approved several new natural gas projects, including the construction of a new marine terminal for liquefied natural gas (LNG) and expansion of a previously approved LNG project that will increase and enhance the energy infrastructure in the Gulf Coast region of the United States. The Commission approved a proposal by Corpus Christi LNG, L.P. and Cheniere Corpus Christi Pipeline Company to construct and operate a new LNG terminal and related pipeline
With the global LNG (liquefied natural gas) market forecast to double in size over the next decade, industry is readying to provide ample liquefaction capacity to meet demand. In the United States alone, LNG imports reached 4.9 million tons in 2000, about 5 percent of the global LNG trade, and up from 3.4 million tons in 1999. Drivers for the rapid LNG growth include continued demand for a cleaner-burning fuel and the need to bring "stranded" gas from deepwater and remote areas to market
GDF Suez has delivered its first cargo in the LNG carrier 'BW GDF Suez Boston' to the Dubai Supply Authority's Jebel Ali Terminal . According to the compamy GDF SUEZ has enlarged its footprint in the Middle East as a major global LNG supplier with the delivery of its first LNG cargo to Dubai. The BW GDF Suez Boston unloaded its 138,000 cu.m capacity cargo to the United Arab Emirates’ sole LNG import terminal, offshore Dubai.
Alternative to Diesel Strengthens as Barriers Continue to Fall. From the earliest days of mechanically propelled ships, fuel use has been evolving. Starting with wood, fuel changed to coal, which held sway for many years. Oil began to be used in the late nineteenth century and was clearly the dominate marine fuel of the twentieth century. Environmental shortcomings of fuel oil, particularly traditional heavy bunkers
SNAME announced its seventh technical meeting for the 2013-2014 season, during which Dr. Panagiotis Zacharioudakis, Senior Researcher at the National Technical University of Athens (NTUA), will speak on the subject of “The Financials of LNG
With its latest offering, Videotel said now provides a more extensive portfolio of training for the LNG sector. Working with experts across the globe – BP Shipping, Shell, Maersk and SIGTTO, among others – the company said it has created a package of training covering the essentials
By Claire Milhench, Reuters New fuel rules for ships entering low sulphur zones around northwest Europe and North America next year could trigger a price spike in European gasoil, whilst refiners will struggle to offload unwanted fuel oil.
Cut Andrea Cogliolo (Eric Haun) Caption Andrea Cogliolo International classification society RINA has been authorized by the Danish Maritime Authority to act on its behalf to carry out plan approval and surveillance during construction on
Sovcomflot, Russia’s largest shipping company, has taken delivery of its latest LNG carrier, the Velikiy Novgorod, from South Korea’s STX Offshore & Shipbuilding. The ship is equipped with a diesel-electric, dual-fuel propulsion system consisting of 2 × MAN 8L51/60DF and 2
Following first steel cutting in late 2012, Shell’s Prelude Floating Liquefied Natural Gas (FLNG) unit continues to take shape in Samsung’s Geoje shipyard in Korea, Douglas Westwood (DW) said in its Monday report. At 488 meters long by 74 meters wide and with an LNG processing
Maps of Indian and Japanese ports paper the walls of a Dominion Resources Inc conference room in a small Maryland town, population 1,835, known more for crabbing and bird watching than global trade and the U.S. natural gas revolution. Dominion, an American energy company long focused on U.S
Mitsui O.S.K. Lines (MOL) inform it has signed a Head of Agreement on joint ownership and 20-year charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd. At the same time, MOL signed a contract with Japan Marine United Corporation to build the new vessel.
By Oleg Vukmanovic and Jacob Gronholt-Pedersen, Reuters Asian spot liquefied natural gas (LNG) fell this week as demand from Brazil's Petrobras slackened and top Japanese buyers switched to cheaper fuels and relied more on supplies under long-term deals.
Late last year, an innovative project to design and build the world’s first LNG fuelled escort tugs became a reality when the Borgøy was handed over for sea trials by builder Sanmar in Tulza Bay near Istanbul. For the Christening at the Sanmar Shipyard in Tuzla
Salvage work to remove a capsized drilling rig lying in shallow waters off Angola's new liquefied natural gas (LNG) plant is due to start in the second quarter, Italian oil services firm Saipem said. The capsize of Saipem's Perro Negro 6 occurred last summer during efforts to bore a tunnel
Reuters – Gaz Transport & Technigaz (GTT), a subsidiary of GDF Suez, Total and private equity fund Hellman & Friedman, said in a statement it had priced its IPO at 46 euros per share, valuing GTT at approximately 1.7 billion euros.
By Oleg Vukmanovic, Reuters A compressor leak at Angola's new liquefied natural gas (LNG) export plant has delayed loading programs and reduced output at the $10 billion project, which is due to shut for two months from July, a site manager said.
Fireworks marked the first cut of steel in a ceremony last night as construction of TOTE, Inc.’s new Marlin Class, the first liquefied natural gas (LNG)-powered containership in the world, began at the General Dynamics NASSCO shipyard in San Diego, Calif.
Reuters - Singapore plans to build a second terminal for liquefied natural gas (LNG), as it aims to create a regional trading hub for the fuel, Prime Minister Lee Hsien Loong said on Tuesday. The city-state - located strategically on the main shipping route between Europe and Asia - started