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
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
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.
Lloyd's Register’s (LR) LNG Bunkering Infrastructural Survey 2014 indicates that major ports around the world are either planning for, or are anticipating, the wide-scale development of LNG bunkering. 22 ports were assessed in the analysis with 18 key questions addressed.
State-owned Oman Shipping Company SAOC (OSC) is projecting to expand its current fleet of 43 ships to 50 by 2018, the Oman Daily Observer reported. According to the report, the expansion is in line with a ramp-up in hydrocarbon, petrochemical and industrial investment throughout Oman.
Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators.
Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine's Crimea region.
The Australian oil and gas industry is telling everybody that a second wave of investment in liquefied natural gas (LNG) plants is at risk unless labour and regulatory costs are cut. The companies are unlikely to get all that they want. In fact they may not get very much at all out of the
Online registration is now open for SHIPPINGInsight 2014, North America’s premier maritime industry technical forum, scheduled for Sept. 30 - Oct. 2, 2014 at the Sheraton Hotel in Stamford, Conn. Now entering its third year
Royal Dutch Shell and the China National Petroleum Corp (CNPC) have signed a deal to boost cooperation in sectors like deep sea exploration as well as liquefied natural gas (LNG) and unconventional gas sources like shale, CNPC said on Wednesday.
Bestobell Valves, part of the President Engineering Group, said it has received a major boost to its marine division with the award of a new contract for cryogenic cargo globe valves from the Hudong Zhonghua shipyard in China. The multimillion dollar contract will see the U.K
GTT Training Center announces that registration is now open for the first training course to be run at the new center which will take place on June 23, 2014. The course will be a LNG Cargo Operations Course for ships officers and will take place at its facilities in
A U.S. House subcommittee voted on Wednesday to advance a bill that would eliminate the need for government approval of U.S. liquefied natural gas exports to countries that belong to the World Trade Organization. The legislation, which will be considered by the full House energy
A U.S. House subcommittee voted on Wednesday to advance a bill that would eliminate the need for government approval of U.S. liquefied natural gas (LNG) exports to countries that belong to the World Trade Organization. The legislation, which will be considered by the full House energy committee
GasAtacama, energy provider to metal producers in Chile's Atacama desert, has lined up eight potential U.S. natural gas suppliers for a proposed import terminal on its Pacific Coast, but uncertainty about energy demand has delayed deals, CEO Rudolf Araneda told Reuters on Thursday.
The Subcommittee on Energy and Power today approved H.R. 6, the Domestic Prosperity and Global Freedom Act, by a vote of 15 to 11. Authored by Rep. Cory Gardner (R-Colo.), the legislation would cut through the red tape blocking exports of U.S. liquefied natural gas (LNG). H.R
When BG Group Plc announced last week it was shifting the headquarters of its oil and liquefied natural gas (LNG) trading operation to Singapore from Britain, it said the aim was to get closer to its customers. Analysts and consultants agreed that the growing importance of Japanese and Korean
The U.S. Energy Department on Monday renewed ConocoPhillips' permit allowing the company to export liquefied natural gas from Kenai, Alaska to all countries. The approval was expected. The U.S. government has allowed LNG exports from Alaska's Kenai terminal for the past 47 years.