Ever Larger LNG Tankers Head for Panama Canal
A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas to Asia trade route for the fast-growing commodity.The 'Al Safliyah', which can carry about 210,000 cubic metres of LNG, is on its way to Panama from the North Pacific after discharging a cargo from Qatar into Korea Gas Corp's (KOGAS) Tongyeong terminal on April 21, shipping data in Refinitiv Eikon showed."This is the first Q-Flex to transit the Panama Canal…
LNG Report: Floating Liquefaction & Regasification
International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
PetroChina Reviews Push for Transport LNG
China's biggest energy firm PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas (LNG) to fuel trucks and ships in place of diesel, shutting two major gas liquefaction plants, sources said. Seen just a year ago as a fast-growing profit engine, PetroChina unit Kunlun Energy Co Ltd is now reconsidering its investment in the niche business after being wrongfooted by rising costs and China's slower economic growth, two sources with direct knowledge of the situation said. China, which controls energy prices to curb inflation, has announced hikes in wholesale natural gas prices totalling 33 percent since mid-2013 as part of its long-term market reforms.
Barge-mounted Natural Gas Liquefaction
EDF Trading with EXMAR intend to seek small-scale LNG export opportunities in North America using barge-mounted natural gas liquefaction. The mobile gas liquefaction plants are developed by EXMAR, Wison and Black&Veatch. The aim would be to bring mobile, self-contained liquefaction units to LNG import terminals in the US using existing pipeline, tank and jetty infrastructure to enable LNG export. EDF Trading and EXMAR have secured the support of the Wison Group for the provision of turn-key EPCIC services for the construction and commissioning of barge-mounted liquefaction plants. These plants will make use of Black&Veatch’s proven PRICO® single mixed refrigerant liquefaction technology but no commercial terms of the arrangements were disclosed.
