Electricity Constraints Force Canada's First LNG Terminal to Delay Renewable Shift
Shell PLC's LNG Canada export project in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and switch to electricity as more renewable power becomes available, a top executive said, a decision that means the expansion project will initially generate high greenhouse gas emissions.LNG Canada, in which Japan's Mitsubishi Corp owns a 15% stake, is set to be Canada's first liquefied natural gas (LNG) export terminal. The first phase…
Gunvor to Cut Emissions by 40%, Sets up Renewables Arm
Energy trader Gunvor Group aims to cut its Scope 1 and 2 emissions by 40% in absolute terms by 2025, the company said on Tuesday, and has set up a new subsidiary to invest in non-hydrocarbon projects.The Geneva-based firm, which is among the top five global oil traders, aims to cut emissions it produces directly, and those from the electricity it uses, against its 2019 total of 1.9 million tonnes of carbon dioxide equivalent.Its new unit will invest in biofuel, renewable power projects such as solar and biomass…
Tech File: Engineered Cooling Solutions Help Improve Environmental Footprint
As owners and operators work to achieve dramatic new emission reductions, vessels’ cooling solutions should not be overlooked.A wave of green initiatives is sweeping through the maritime market as owners and operators seek ways to reduce emissions from their vessels. One company supporting this drive is R.W. Fernstrum, a global leader in engineering and manufacturing keel cooling technologies.Sean Fernstrum, the company’s president, sees a mix of power and propulsion solutions—each with its own list of pros and cons—combining to help reduce the industry’s environmental footprint. And R.W.
Singapore LNG Market to Grow at 10.39% Through 2025
The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG in Asia-Pacific. "Growing demand from power generation sector, favorable LNG prices and government initiatives to setup Singapore as LNG hub is expected to drive Singapore LNG market," says the report by TechSci Research. Pavilion Energy, a wholly owned subsidiary of Pavilion Gas Pte Ltd. inked an agreement with BP in 2016, under which the British company would supply around 0.4 million tonnes per year of LNG for 20 years from 2019, thereby increasing the supply of LNG in the country.
ABS Issues LNG Bunkering Advisory
Report explores the benefits and challenges of natural gas power from the perspective of fuel providers and operators. Classification society ABS published a new Advisory about LNG Bunkering in response to the industry's growing interest in gas propulsion, LNG Bunkering: Technical and Operational Advisory, exploring the benefits, challenges and solutions associated with fuelling vessels equipped with LNG power systems. The report is available to the public through the ABS website, www.eagle.org. "Ship owners, operators, designers and shipyards around the world are considering the advantages that operating on natural gas may provide," said Roy Bleiberg, ABS' Director of Global Gas Solutions.
Caterpillar Sponsors 2014 High Horsepower Summit
Caterpillar Inc. now underway in New Orleans, Louisiana. The event is North America’s leading conference on the use of natural gas to fuel high horsepower operations. As an industry leader in the design and manufacture of dual-fuel and natural gas engines, Caterpillar plans to highlight its commitment to delivering the highest customer value for energy and power systems operations, as well as rail, marine and mining applications. “We’re proud of where our natural gas heritage has brought us today and excited to lead the next wave of natural gas products and services taking shape in the industry,” said Caterpillar Vice President with responsibility for the Large Power Systems Division Tana Utley, who will present the keynote address at the Summit.
China & Korea Compete for Winter LNG Cargos
In the key Asian growth markets of Korea and China, the competition is on for incremental winter LNG cargos, with the former showing growth related to fuel substitution (lower nuclear capacity) and seasonal use, while the latter will come from new import infrastructure opening up new markets, according to Pira Energy Group's latest weekly Natural Gas Power and Coal Market Recap. Demand indicators from October show no decrease in the pace of incremental buying by Korea, even without the colder than normal weather factor.
A First Time for Everything: Transit Company Meets Challenge with Natural Gas Ferry
Tidewater Regional Transit (TRT), Norfolk, Va., operates mass transit in the Hampton Roads area. It includes three passenger ferries that transport nearly 500,000 people per year across the Elizabeth River between downtown Norfolk and Portsmouth, Va. Like other mass transit providers, TRT receives federal, state and local funds and is encouraged to use alternative fuels to reduce dependence on foreign oil and help improve the environment. But unlike any other transit authority, TRT is successfully operating the world's first passenger ferry powered exclusively by natural gas. The idea to convert one of TRT's diesel-powered ferries to natural gas resulted from a 1989 meeting with representatives of Virginia Natural Gas to discuss bus fuel conversion.
