Natural Gas News

27 Feb 2020

GTT Warns of Possible Coronavirus Delays, Beats Full-Year Guidance

© Juozas55 / Adobe Stock

French naval engineering company GTT said it could possibly see delays to vessel construction and revenue collection due to the coronavirus outbreak.However, the group, which generates most of its revenues in Asia, said it had not observed any delay in vessel construction schedules to date.The Paris-based company, which designs tanks for liquefied natural gas carriers, posted a marginally better than expected 2019 core profit of 174.3 million euros ($189.4 million), while revenue…

27 Feb 2020

Sempra to Decide on U.S., Mexican LNG Export Plants in 2020

© Eric Middelkoop / Adobe Stock

California energy company Sempra Energy said on Thursday it expects to make final investment decisions (FID) this year to build two new liquefied natural gas (LNG) export plants - one in the United States and one in Mexico:Sempra said it plans to make FIDs on the first phase of the Costa Azul export plant in Baja California in Mexico in the first quarter and the Port Arthur export plant in Texas in the third quarter.At Costa Azul, Sempra has said Energia Costa Azul LNG has non…

26 Feb 2020

Hydro Tapped for Next Gen Coastal Cruise Ships

One of Havila Kystruten AS new coastal cruise ship. (Photo: Havila Kystruten AS)

Hydro has been awarded contracts from Tersan Shipyard to deliver aluminum solutions for the upper sections of ships under construction for Norwegian shipowner Havila Kystruten AS.Due to be delivered at the end of 2020, the two Norwegian coastal cruise ships, Havila Capella and Havila Castor, will be identical: 124.1 meters long, 22 meters wide and able to carry 640 passengers. The ships will be powered by liquefied natural gas (LNG) and batteries.Hydro was awarded the contract by Tersan Shipyard in Turkey after reviewing lightweight alternatives to steel for the upper sections of the ships.

25 Feb 2020

Marine News' 2020 ATB Report

(Photo: Vane Bros.)

There’s a barge full of reasons why many operators turn to ATBs.A  mainstay of the U.S. coastwise dirty and refined products trades, articulated tug barges (ATB) have increasingly filled a void left as the fleet of Jones Act tankers (with crew complement requirements exceeding that of tugs) has aged out. With the cargo capacity of the larger ATBs – some with barges exceeding 300,000 barrels capacity – rivalling that of workhorse tankers that had served oil consuming regions, the concept certainly makes sense from a supply and distribution perspective.With 50…

24 Feb 2020

Enestas Plans First Dual LNG Terminal in Mexico

Image: Enestas

Mexican liquefied natural gas (LNG) company Enestas is planning to build the first first dual LNG and liquid ethane port terminal in Mexico.The new facility is located on the Gulf Coast and unloads directly from vessels up to 22,000 m3 in size. The facility features an automated storage and unloading system. Subsequently, Enestas transports the cryogenic product to the customer's facility."Based on this success, the company is planning to build more LNG terminals along the Mexican coastlines to further promote and facilitate the use of LNG as a marine fuel and for domestic distribution…

24 Feb 2020

Hybrid drives: Siemens sends in the machines

A robot’s battle against emissions: Siemens articulated robots of different sizes assemble battery stacks at Trondheim, Norway. 
Credit: William Stoichevski

Encouraged by the success of a hybrid drives program, Siemens is going all out in Norway to automate production of that core marine energy storage enabler, the lithium battery. Offshore service vessel charterers, rig owners, ferry operators and ship owners are the target market. Trondheim’s technical university and a recent history of hosting battery makers and system integrators has made it launchpad for new applications involving the new BlueDrive Plus C drives and batteries.Siemens’ Norwegian head of strategy and business development…

21 Feb 2020

LNG Bunkering Operations Triple in Spain in 2019

© evening_tao / Adobe Stock

Ship operators carried out 195 liquefied natural gas (LNG) bunkering operations at Spanish ports in 2019, 135 more than in the previous year, Spanish authorities said on Friday.81,704 cubic metres of LNG was supplied to ships during the year.The upward trend continued in January 2020, with 35 operations supplying 12,055 cubic metres.Spain has seven LNG terminals, more than any other country in Europe. The terminals have been or are being adapted to allow them to provide small…

27 Feb 2020

Adm. Schultz Delivers State of the Coast Guard Address

Commandant of the U.S. Coast Guard Adm. Karl Schultz delivers the State of the Coast Guard Address in Charleston. (Photo: Eric Haun)

U.S. Coast Guard Commandant Adm. Karl Schultz outlined his vision for the service Thursday during the State of the Coast Guard Address in Charleston, highlighting the organization’s top initiatives, accomplishments over the past year, and challenges facing the service today and on the road ahead.The 26th Commandant stressed the importance of America's marine transportation system and highlighted Coast Guard's role in safeguarding maritime commerce among the service's many crucial contributions to U.S. security. “Our interconnected global economy relies on efficient ports and waterways.

21 Feb 2020

Harvey Gulf Eyes International Markets

(Photo: Harvey Gulf)

Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands.Never afraid to shake things up, Harvey Gulf has maintained this mindset throughout its 70-year-history, says CEO Shane Guidry. “From a humble beginning of a three oyster fishing vessels used as supply vessels in 1949 to a larger fleet of offshore vessels that towed barges and drilling rigs to its modern day evolution of a fleet of offshore supply…

20 Feb 2020

Green Bunker Demand Jumps at Rotterdam

Image: Port of Rotterdam

Low-sulfur fuel sales rose sharply in Rotterdam in the last quarter leading up to the implementation of International Maritime Organisation (IMO) 0.5pc sulfur cap on 1 January.According to Port of Rotterdam, the demand for LNG, bio and low-sulfur bunkers has increased enormously in Rotterdam over the past year. Total sales in this largest European bunker port fell from 9.5 million m3 to 9 million m3.In the last quarter of 2019, sales of low-sulfur bunker oil with a maximum sulfur content of 0.5% – the so-called VLSFO, very low sulfur fuel oil – increased enormously.

20 Feb 2020

Global LNG Demand to Double by 2040: Shell

Image: Shell

Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell,  LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to play “a growing role in shaping a lower-carbon energy system.”Asia is expected to remain the dominant region in the decades to come, with South and South-east Asia generating more than half of the increased…

19 Feb 2020

Elengy Acquires Fosmax LNG

Image: Elengy

Elengy, a subsidiary of French energy group Engie, has acquired French energy group Total's 27.5% stake in Fosmax LNG, owner of the liquefied natural gas (LNG) terminal at Fos Cavaou in southern France.Elengy now owns 100% of its three LNG terminals: Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne. Until now Fosmax LNG was owned 72.5% by Elengy and 27.5% by Total Gaz Electricité Holding France (TGEHF).The acquisition of the shares is financed mainly by an increase in Elengy’s capital reserved for the Société d’Infrastructures Gazières (SIG).

18 Feb 2020

GTT Wins 2 LNG Tank Design Orders from Hyundai

Image: GTT

French multinational naval engineering company Gaztransport & Technigaz (GTT) has received two orders from the Korean shipyards, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two Liquefied Natural Gas Carrier (LNGC).Each vessel will offer a capacity of 174,000 m3. GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system, a technology developed…

18 Feb 2020

Golar LNG Pact with BR Distribuidora

Image: Golar Power

Golar Power, which offers integrated liquefied natural gas (LNG) based downstream solutions, and Petrobras Distribuidora S.A. (BR Distribuidora) announce the formation of a Partnership for the development of an LNG distribution businesses in Brazil. According to a press release, the intention is to introduce LNG as an alternative to the fuels currently available to Brazil’s cargo and people transportation, industrial, thermoelectric generation, commercial and residential sectors.Both…

17 Feb 2020

Nakilat Posts Record Net Profit of $270M

Image: Nakilat

Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a consolidated net profit of QR1,003m (USD $270 million)  in 2019, an increase of 12.4 percent, as compared to QR892m posted for the same period in 2018.The 2019 net profit is Nakilat’s highest profit recorded since its inception, said the Qatari shipping and maritime company.Nakilat's robust financial performance is primarily attributed to operational excellence in the management of its Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) vessels…

18 Feb 2020

Sembcorp in Offshore R&D Pact with A*Star

From left to right: Sembcorp Marine President & CEO Mr Wong Weng Sun; Sembcorp Marine Head of R&D Mr Simon Kuik; Professor Tan Sze Wee, Assistant Chief Executive, Science and Engineering Research Council, A*STAR; and Mr Frederick Chew, CEO, A*STAR

The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their research and development (R&D) collaboration for the offshore marine and clean energy sectors.By signing a master research collaboration agreement (MRCA) the two parties aim to “shorten the development cycle and time-to-market of new offshore, marine and clean energy solutions achieved through their research efforts”.Sembmarine and A*Star will set up Joint Lab@TBY…

10 Feb 2020

Cemre Launches Battery & LNG Hybrid Fishing Vessel

(Photo: Cemre)

Turkish shipbuilder Cemre launched the world's first battery and liquefied natural gas (LNG) driven hybrid fishing vessel.The purse seiner/trawler, Libas, was launched on February 7 at Cemre I. The builder said it plans to deliver the newbuild in the second quarter 2020 following final outfitting and completion.The vessel has a 350 cubic meter capacity LNG tank and eco-friendly battery system to be used for peak shaving operation.Libas has a 2,830 cubic meter RSW tank capacity for fish storage.

10 Feb 2020

K Line Orders LNGC with Hudong-Zhonghua

The signing ceremony was held in Kuala Lumpur, Malaysia. Photo: K Line

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has ordered two liquefied natural gas (LNG) carriers with  with Hudong-Zhonghua Shipbuilding backed by long-term contracts with Malaysia's energy giant Petronas.The 12-year contract to charter them to Petronas starts in 2022, with an option for an extension for a further 12 years.The two vessels will be built by Hudong–Zhonghua Shipbuilding , a wholly owned subsidiary of China State Shipbuilding Corporation, the largest shipbuilding group in China…

11 Feb 2020

Future Ship Fuels: Cut through the Smoke

© JEGAS RA/AdobeStock

Ship owners increasingly face complex investment decisions as they try to navigate the most efficient course to the low-carbon future. Ever since the IMO set the industry’s ambitious emission-reduction targets for 2030 and 2050, owners have been inundated with information about future fuels and technologies that may, or may not, ultimately lower the carbon footprints of their fleet.Some of the new technologies hold promise, but the day-to-day viability of too many of them remains unproven; the same can be said for many of the potential fuels.

11 Feb 2020

MISC Clinches Petrobras Contract

Image: MISC Group

Malaysia International Shipping Corporation Berhad (MISC) announced that its wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, has been awarded long-term charter contracts for three newbuilding Suezmax DP2 Shuttle Tankers from Petróleo Brasileiro S.A. – Petrobras of Rio de Janeiro, Brazil.AET, the petroleum shipping unit of MISC and specializes in the global ocean transport of petroleum, will own and operate the newbuilding Suezmax DP2 Shuttle Tankers for operations in Brazilian…

11 Feb 2020

Shell, Qatargas Sign LNG Deal for Kuwait

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait, commencing this year.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said, “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation.

18 Feb 2020

EU Loan Supports Ystad LNG Upgrades

Artist's impression of the new port (© Port of Ystad)

The European Investment Bank (EIB) has signed a SEK 445 million ($45.6 million) loan agreement with the Municipality of Ystad to expand harbor facilities so that new, larger liquefied natural gas (LNG) vessels on the Swinoujscie-Ystad line can access the harbor.The port in the southern-Swedish town is a busy connection point to the Polish Port of Swinoujscie and the Danish island of Bornholm. The project aims at increasing the capacity and upgrading the Port of Ystad facilities in order to accommodate larger ro-pax vessels over 240 meters in length…

18 Feb 2020

EU Clears OLT Takeover by SNAM and FSI

Image: OLT Offshore LNG Toscana

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…

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