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Thursday, April 18, 2024
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Lng News

16 Apr 2024

Allseas Makes Progress on Santos’ Barossa Gas Export Pipeline in Australia

Audacia pipelay vessel on Barossa assignment (Credit: Allseas)

Offshore installation contractor Allseas has made progress on the installation of the pipeline for Santos’ Barossa Gas Export Pipeline (GEP) project offshore Australia.Allseas’ Audacia pipelay vessel has installed her largest ever PLET in S-mode, concluding several years of in-house engineering, fabrication and testing, the Swiss-based contractor said.Due to the weight of the pipeline end termination structure, Allseas’ production crew had to install it separately to the connector head.Audacia vessels is being supported with four other vessels - Fortitude…

12 Apr 2024

Seaspan Launches Second LNG Bunkering Vessel

(Photo: Seaspan)

This week, Seaspan Energy launched the second of its three 7600m3 liquefied natural gas (LNG) bunkering vessels, the Seaspan Lions, named after the twin peaks of the North Shore, or known as Ch'ich'iyúy Elxwíkn (“Twin Sisters” or “Two Sisters”) to the Squamish Nation.This series of vessels is named after iconic West Coast mountains and the first two vessels, the Seaspan Garibaldi ("Nch'kay") and the Seaspan Lions (Ch'ich'iyúy Elxwíkn), will be delivered in 2024 with the third…

12 Apr 2024

Time Charter for Flex Endeavour Extended to 2032

Flex Endeavour (Photo: Flex LNG)

Flex LNG on Friday announce that the charterer of its liquefied natural gas (LNG) carrier Flex Endeavour has exercised an option to extend the firm period of the time charter by 500 days, from the third quarter 2030 to the first quarter of 2032. As announced on November 23, 2022, in connection with the extension of three ships, the charterer has one further option to extend the time charter period by one additional year to 2033.Øystein Kalleklev, CEO of Flex LNG Management AS…

11 Apr 2024

TOTE CEO Emphasizes Jones Act's Importance

(File photo: TOTE Maritime)

The CEO of U.S. shipping and logistics company TOTE Group emphasized the importance of the Jones Act in supporting the American maritime industry and economy.Speaking on the American Maritime Podcast, TOTE's CEO, Tim Nolan, said the Jones Act provides the organization with confidence and stability to invest in its fleet and the markets it serves.TOTE's maritime business in 2015 launched the world's first containerships powered by liquefied natural gas (LNG), for service between Jacksonville, Fla. and San Juan, Puerto Rico.

08 Apr 2024

KPI OceanConnect Concludes First Simultaneous LNG Bunkering Op

(Credit: Pavilion Energy)

Marine fuel services and solutions provider KPI OceanConnect has completed its first simultaneous operation of LNG bunkering in Singapore.KPI OceanConnect conducted the operation for MSC Mediterranean Shipping Company’s Monica Cristina vessel in Singapore, using membrane LNG bunker vessel Brassavola on charter with Pavilion Energy.The operation took place at Tuas Container Terminal, along with loading and unloading procedures, improving efficiency.“KPI OceanConnect is proud to work with industry leaders like Pavilion Energy and MSC Mediterranean Shipping Company to accelerate the development o

07 Apr 2024

DNV Issues General Approval for Hybrid Support Structure

Source: DNV

DNV has presented HD Hyundai with a general approval for ship application (GASA) for a new high-strength composite hybrid support system for independent tanks on liquefied gas carriers.In a world-first, HD Hyundai’s concept is fabricated with a fusion of carbon fiber-reinforced plastics (CFRP) with a tensile strength 10 times greater than steel, significantly enhancing structural stability.The new system offers robust structural supports, enabling independent tanks to withstand upward force from floatation in case of hold space flooded.

15 Apr 2024

MDL Assists Saipem on Gastrade’s LNG Development Off Greece

FSRU Alexandroupolis (Credit: Gastrade)

Maritime Developments (MDL) has assisted Saipem in progressing an LNG project offshore Greece, which included work on the connection of Gastrade’s Alexandroupolis floating storage regasification unit (FSRU) to the country’s gas transmission system.The project consisted of a FSRU and a mooring and pipeline system, connecting the floating unit to the Greek National Natural Gas Transmission System (NNGTS).An MDL flex-lay spread was used for the installation of two flexible risers…

05 Apr 2024

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

(Credit: MOL)

Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero), Marubeni Corporation, Sojitz Corporation, and other partners.Built by Samsung Heavy Industries in South Korea, the Jawa Satu FSRU has a storage capacity of 170,000 m3, with 300 MMcsfd of regasification capacity.The…

03 Apr 2024

Crowley Unveils New LNG-fueled Containerships

(Image: Crowley)

U.S. shipping company Crowley has shared first renderings and the names of its four new dual fuel liquefied natural gas (LNG)-powered containerships: Quetzal, Copan, Tiscapa and Torogoz.The 1,400 TEU vessels were ordered in 2022 by Singapore-based Eastern Pacific Shipping (EPS) for scheduled delivery from South Korea’s Hyundai Mipo Dockyard in 2025.EPS will charter the ships out to Crowley, who will deploy them on its U.S.-Central America trade connecting U.S. markets to Nicaragua, Honduras, Guatemala and El Salvador.

03 Apr 2024

VTTI to Control Italy's Biggest LNG Terminal, Snam to Get 30%

(Photo: VTTI)

Energy storage group VTTI will get a 70% stake in Italy's biggest liquefied natural gas (LNG) terminal, with grid operator Snam owning the rest, the Milan-listed group said on Wednesday, announcing a deal to be finalised by year-end.Snam, which is controlled by the Italian government, said in a statement it had exercised its pre-emption right to increase its stake in the infrastructure dubbed Adriatic LNG to 30% from 7.3%.The move comes after ExxonMobil and QatarEnergy last week agreed to sell their stakes in the terminal to a consortium led by Dutch group VTTI.

02 Apr 2024

Japan’s First Dual-Fuel LNG Bunkering Vessel Delivered to Industry Partners

KEYS Azalea vessel (Credit: NYK Line)

KEYS Bunkering West Japan Corporation - a joint venture established by Kyushu Electric Power, NYK Line, Itochu Enex, and Saibu Gas – has taken delivery of KEYS Azalea vessel, said to be Japan’s first LNG bunkering vessel equipped with a dual-fuel engine.The delivery ceremony for the vessel was held on March 28, 2024, at the Yamatomachi Shipyard of Mitsubishi Shipbuilding in Japan’s Yamaguchi Prefecture.KEYS Azalea will provide domestic coastal transport of LNG to consumers in the Kyushu and Setouchi areas and LNG bunkering for oceangoing vessels calling ports in the region.Mitsubishi Launches…

01 Apr 2024

Gazprom Uses Replacement Vessel to Maintain Gas Loadings

© hodim / Adobe Stock

Russia's Gazprom is using a replacement vessel for ship-to-ship loadings (STS) of liquefied natural gas from its Portovaya LNG plant on the Baltic Sea while another ship is repaired, LSEG data showed on Monday.The floating storage and regasification unit (FSRU) Marshal Vasilevskiy is designed to supply Russia's Kaliningrad exclave, between Lithuania and Poland, and ensure its gas security in case of disruption to pipeline supplies from neighboring countries.According to LSEG data, the FSRU Marshal Vasilevskiy was on Monday loading LNG ship-to-ship near Kaliningrad onto the Cool Rover vessel, m

01 Apr 2024

QatarEnergy to Charter 19 New LNG Carriers

(Photo: QatarEnergy)

QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.In a ceremony at its Doha headquarters state-owned QatarEnergy signed contracts to charter six vessels from CMES LNG Carrier Investment, six vessels from Shandong Marine Energy and three vessels from MISC Berhad. Those 15 vessels will be built at South Korea's Samsung Heavy Industries…

17 Mar 2024

Venture Global LNG to Buy Fleet of LNG Vessels

© Andriy Sharpilo / Adobe Stock

Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes.Venture Global LNG has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities in Louisiana. The vessels it used were owned by other companies and leased.The nine vessels in Venture Global's future fleet will be built in South Korea with the first to be delivered later this year…

13 Mar 2024

MOL Takes Delivery of LNG-Powered Cerulean ACE Car Carrier

(Credit: MOL)

Mitsui O.S.K. Lines (MOL) has taken delivery of the LNG-fueled car carrier Cerulean ACE, built by Japanese shipyard Shin Kurushima Dockyard.The LNG-powered car carrier Cerulean Ace features an aerodynamics design - beveled top of bow - that reduces wind resistance by 20%, according to MOL.The breadth of the vessels was widened from 32 to 38 meters. The capacity has also been increased from about 6,400 to about 7,000 vehicles.The CERULEAN ACE is the 100th vessel MOL has ordered from the Shin Kurushima Dockyard Group.The vessel will transport cars…

11 Mar 2024

NextDecade Targets Train 4 FID at Texas LNG Facility in H2 2024

© moofushi / Adobe Stock

NextDecade said on Monday it was targeting a final investment decision (FID) and plans to start construction of the fourth liquefaction train at its Rio Grande liquefied natural gas (LNG) facility in Texas by the second half of 2024.The Rio Grande LNG export plant has been in development for several years, suffering repeated delays. Last year the company made an FID to construct the first three liquefaction trains at the facility.NextDecade expects to finalize commercial arrangements for Train 4 in the coming months to support the FID.

11 Mar 2024

OpEd: Focusing on Green Fuels Takes the Focus Off Shipping's Major Problems

Morten Brandborg, CEO of Green Instruments (Credit: Green Instruments)

Shipyard order books show that more and more ships are being built that can run on methanol or liquified natural gas (LNG). Major shipping companies are investing in green fuels for their fleets, and researchers around the world are working intensely to find new solutions that can make the shipping industry greener.This is all good news that strengthens the belief that shipping is reducing its emissions of greenhouse gases, among others. While there is reason for some optimism, as shipping is becoming more sustainable, there is no doubt that we are still very far from the goal.

05 Mar 2024

Predictive Tech Could Extend Tank Inspection Intervals on LNG Carriers

© Wojciech Wrzesień / Adobe Stock

Inspection intervals for liquefied natural gas (LNG) carrier membrane tanks could be safely extended thanks to monitoring technology and predictive maintenance, according to a study led by GTT Group, Lloyd’s Register and Shell International Trading and Shipping Company Limited.The International Gas Carriers (IGC) Code and IACS UR Z16 rules require LNG carrier cargo tanks to be inspected internally every five years. This joint study explored whether this interval could be extended…

05 Mar 2024

MOL Signs Long-Term Charter with Tokyo Gas for LNG Carrier Newbuilding

Illustration (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker (TLT), a wholly-owned subsidiary of Tokyo Gas.This is the eighth contract, following a time charter contract for seven LNG carriers that were signed for TLT.The 174,000-cbm ship will be 294.9 meters long, with the bread of 46.4 meters.The vessel will be built at the Geoje Shipyard of Hanwha Ocean in South Korea, and is scheduled for delivery in 2026.It will be…

05 Mar 2024

Singapore's Temasek Shortlists Saudi Aramco, Shell in Sale of Pavilion Energy Assets

© vladsv / Adobe Stock

Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of liquefied natural gas (LNG) trading firm Pavilion Energy, sources with knowledge of the matter said.The sale process comes a decade after the state investment firm set up Pavilion Energy to focus on LNG-related investments, and takes place as spot Asian LNG prices LNG-AS have fallen more than 40% since mid-August, potentially weighing on the deal's valuation.Temasek is evaluating bids for the sale of Pavilion Energy's assets…

28 Feb 2024

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

(File photo: QatarEnergy)

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.Qatar, one of the world's top LNG exporters, plans an 85% expansion in LNG output from its North Field's current 77 million metric tons per year (mtpa) to 142 mtpa by 2030, from previously expected 126 mtpa.Some market experts said that the move will have an impact on global projects in the United States…

27 Feb 2024

Woodside and Kogas Agree LNG Supply Deal

Source: Kogas

Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of LNG to Korea.The SPA provides for the supply of approximately 0.5 million tonnes per annum of LNG for a period of 10.5 years on a delivered basis, commencing in 2026 subject to customary conditions precedent.LNG delivered to KOGAS under the SPA will be sourced from uncommitted volumes across Woodside’s global portfolio, including the Scarborough Energy Project which is targeting first LNG cargo in 2026.Woodside CEO Meg O’Neill said the SPA was significant as Woodside’s first l

27 Feb 2024

GTT Books Samsung Heavy Industries Order for 15 LNG Carriers Tank Designs

© vladsv / Adobe Stock

French engineering company GTT has received an order from Samsung Heavy Industries for tank designs of 15 new LNG carriers.GTT will design the tanks of these 15 vessels, which will each offer a capacity of 174,000 m3.The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT.The delivery of the vessels is scheduled between the fourth quarter of 2026 and the fourth quarter of 2028.The South Korean shipyard placed an order on behalf of a leading LNG player, with no further details revealed.