Marine Link
Saturday, October 1, 2016

New LNG Carrier Delivered to MISC Berhad

(Photo: MISC Berhad)

MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC. Upon their delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years. The naming ceremony was graced by the presence of Y. Bhg. Tan Sri Sidek Hassan, Chairman of PETRONAS and was officiated by his wife and the vessel’s Lady Sponsor, Y. Bhg.

Sustainable (R)Evolution: A Multipurpose Maritime Education Fleet

Photo: Jen Berghuis

Efforts have been underway since 2014 to procure government funding for new training vessels for the State Maritime Academies (SMA). Pending bills in Congress at this time would provide $300 million for the construction of the first of four training vessels for the SMAs with a total of $1.2 billion for the proposed four vessel package. Domestic maritime stakeholders have other options, however. These alternatives are attractive for more than one reason. Separately, the U.S. offshore energy sector has experienced a significant decline in demand and production…

US Boatbuilding: Sink or Swim

Joe Hudspeth

Navigating interesting times has the nation’s shipbuilding industry searching in unusual places. The answers could be blowing in the wind. Conducting commerce and forecasting the future for shipyards is akin to setting out in uncharted waters. For some, the voyage might prove to be easy sailing with favorable winds. Other times, it can be a rough ride, forcing long and unprogressive diversions. In the worst cases, one might run aground temporarily, hit rock bottom, capsize belly up, or be forced to turn around and give up.

First FLNG Production Facility Completes Testing

Photo: Wison Offshore & Marine

The first natural gas floating liquefaction unit (FLNG) has completed performance testing at the Wison Offshore & Marine yard in Nantong, China, marking the first time LNG has been produced onboard a floating facility. The performance test was carried out in the presence of classification societies, EXMAR and all the relevant parties, Wison said. During the 72-hour performance test, the performance of the FLNG ensured all key design requirements and production capacities (guaranteed performance) were achieved for the unit’s operational effectiveness.

DNV GL Approves Modification for Semi-Submersible Rigs

Photo: COSL Drilling Europe AS

Following the accident involving COSLInnovator on 30 December 2015, some 100 semi-submersible rigs approved by DNV GL will be reviewed. Preliminary assessments indicate that a limited number of rigs will be subjected to modifications or operational limitations. The semi-submersible rig COSLInnovator was drilling for Statoil in the Troll field when it was hit by a large, steep wave. Several windows on the rig's two lower decks were shattered. One person was killed. “Since the incident…

Finalists of Global OSCC Award Announced

Image

THE top three international employers and training providers shortlisted to compete to be crowned winners at the annual OPITO Safety and Competency Awards in Kuala Lumpur have been announced today (28th September, 2016). Shell Nigeria, Oil Spill Response Limited (OSRL) and McDermott are shortlisted in the Employer of the Year category, while PT Sampson Tiara, Wild Geese and Grupo Stier have been named in the OPITO approved Training Provider of the Year section. The winning companies in each category will be unveiled during the 2016 OPITO Safety & Competency Conference (OSCC)…

DNV GL approves Vard LNG-bunker Ship Design

Presentation of the AiP. From left Pål Spilleth (DNV GL)%2c Marius Øverland (Vard)%2c Johan P. Tutturen (DNV GL)%2c Andreas Buskop (Vard)%2c Roald Vårheim and Magnus Lindgren (both DNV GL)

DNV GL has awarded Vard Engineering Brevik AS with an Approval in Principle (AiP) for their new 6,500 m3 bunker vessel design. The design has been evaluated for compliance with the DNV GL Gas Bunker rules, the applicable Gas Carrier rules as well as the IGC Code's 2016 edition. "The excellent cooperation between DNV GL and Vard resulted in a development enabling flexibility and quality assurance of our design. We are proud of our joint efforts and strongly believe that the cooperation between DNV GL and Vard results in first class designs for shipowners and operators"…

Mark Wahlberg Hopes 'Deepwater Horizon' Film Honors Victims

Mark Wahlberg in Deepwater Horizon. Photograph: David Lee/Lionsgate

Actor Mark Wahlberg said "the biggest responsibility" for himself and the makers of the new movie, "Deepwater Horizon," was to honor the real-life victims of the 2010 oil rig disaster. "The oil can ultimately be cleaned up, (but) those 11 men can't be replaced," Wahlberg told Reuters at the film's London premiere on Monday. "Those were fathers, brothers, husbands, uncles, cousins. We can't replace those guys and so when they approached me about doing this film, I thought, 'What better way to promote their story'," he added.

Interview: Aaron Smith Zeroes in on the Offshore Sector

Aaron Smith

As the Executive Director for the Offshore Supply Vessel Dynamic Positioning Authority (OSVDPA), Aaron Smith is charged with managing the day-to-day operation of the Authority. Along with the OSVDPA Board of Directors and Technical Advisory Council (TAC), Aaron has helped to craft the Authority’s dynamic positioning operator (DPO) certification program. This includes ensuring that the program is ultimately accepted by the offshore energy industry, and its many international and domestic counterparts.

US Rig Count Recovery Hinges on $50 Oil Post-OPEC Meeting

U.S. oil drilling has seen its best quarter since crude prices tumbled two years ago mainly due to small operators returning to the well pad, but analysts say the continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel. Since May, drillers have added 100 oil rigs with the rig count rising to 416 rigs last week, that included the most additions in a quarter since the first quarter of 2014, according to oil service firm Baker Hughes Inc. The number of rigs had plunged from a record high of 1,609 in October 2014 to a low of 316 in May after crude prices collapsed in the biggest price rout in a generation, in part due to U.S. shale producers adding to a global oil glut.

An Introduction To Offshore Project CAPEX

Graph: Clarksons Research

Two high-level indicators of vessel and structure demand in the offshore sector are energy prices and oil company exploration & production (E&P) spending, says Clarksons Research. A third, slightly more specific indicator is estimated offshore project capital expenditure, or CAPEX. While this metric does not capture demand arising from, for example, offshore exploration campaigns, it can be a key proxy for demand resulting from offshore engineering procurement and construction (EPC) activity.

TCS Charters CWind Crew Transfer Vessel

Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support works at several of their offshore substations in the U.K. CWind, a provider of services to the offshore wind industry, said it is using one of its MPC19 resin infused composite catamarans to provide the crew transfer services. CWind announced in February this year that it had won a 20-year contract from TC Westermost Rough OFTO Limited, one of the OFTOs managed by TCS, to maintain the secondary mechanical and electrical systems of both the offshore and onshore substations at the Westermost Rough project. The earlier contract covered all routine inspection, diagnostics and planned maintenance work, as well as a first response service and offshore transport.

Keppel FELS Delivers Accommodation Unit to Floatel

Floatel Triumph (Photo: Floatel)

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high-specification accommodation semisubmersible (semi), to Floatel International Ltd (Floatel). The semi, which is built to Keppel's proprietary SSAUTM5000NG design, will be chartered by Chevron Corporation for work in the Wheatstone field in Western Australia. Floatel Triumph is scheduled to arrive on location in mid-October 2016. Thereafter, it will work for INPEX Operations Australia in Ichthys Field, off Western Australia.

NYK Buys Stake in EMAS Chiyoda Subsea

(Photo: EMAS Chiyoda Subsea Limited)

NYK has acquired a 25 percent share of EMAS Chiyoda Subsea Limited (ECS), based on an agreement signed on June 10 with Ezra Holdings Limited (Ezra) and the Chiyoda Corporation (Chiyoda). ECS is a global player in the engineering, procurement, construction, and installation (EPCI) of subsea facilities — essential components in offshore oil and gas field development. After this acquisition, ECS’s shareholding structure will shift to Ezra 40 percent, Chiyoda 35 percent, and NYK 25 percent.

Hanssons Scoop up More NAO Shares

Photo: NAO

Nordic American Offshore Ltd. (NAO) announced that Alexander Hansson, the son of the company’s chairman, Herbjorn Hansson, today bought 100,000 shares in NAO.   The share price was $3.65 share.

GM Deep Sea Mooring Secures Det Norske Oljeselskap Contract

Deep Sea Mooring Will Supply Mooring Equipment Services To Safe Zephyrus Semi-Submersible Accommodation Vessel (Photo: Global Maritime)

Global Maritime Deep Sea Mooring, a provider of offshore mooring services in Norway, has signed a contract with Norwegian operator Det norske oljeselskap to support Prosafe’s semi-submersible Safe Zephyrus accommodation rig in the Ivar Aasen North Sea field. The contract also includes support to the Maersk Interceptor ultra-harsh environment jack-up rig. Deep Sea Mooring, which has already installed the pre-lay system, will supply mooring and pre-lay equipment; offshore personnel…

Teekay Sign Yamal Charter for Newbuild

Teekay LNG Partners L.P. has entered into a 15-year time-charter contract with the Yamal LNG project, sponsored by Novatek OAO, Total SA, China National Petroleum Corporation and Silk Road Fund, to provide Yamal LNG with conventional liquefied natural gas (LNG) transportation services. Yamal LNG is scheduled to commence production in 2017. The fixed-rate time-charter contract will be serviced by one of Teekay LNG's previously unchartered 174,000 cubic meter MEGI LNG carrier newbuildings that is scheduled for delivery in early-2019. "We are pleased that our commercial team has secured this new 15-year charter contract which expands our service offering to the now fully-financed Yamal LNG project and reduces our uncommitted newbuildings to only one vessel…

Britain's First U.S. Shale Gas Arrives in Scotland

Britain's first shale gas delivery from the United States sailed into a heated European political debate on fracking on Tuesday and immediately ran into its first practical problem - the Scottish weather. The huge "Ineos Insight" tanker had entered the Firth of Forth at sunrise, a lone Scots piper playing on its bow, as it headed for the Grangemouth refinery, west of Edinburgh. But gusty squalls prevented it from unloading its controversial cargo before an assembled crowd of dignitaries. "The Insight vessel was unable to dock at the port due to high winds," said a spokesman for Zurich-based chemicals giant Ineos. It would arrive at the port as soon as wind died down, he added. Ship tracking data on Reuters showed the vessel had turned back into deeper waters.

Sea Trucks Awarded Contract in Mexico

Jascon 31 (Photo: Sea Trucks Group)

Sea Trucks Group has secured a charter for the Jascon 31 from Permaducto S.A. de C.V. (Protexa) for the provision of Accommodation and Heavy Lift services in the Gulf of Mexico. Sea Trucks will provide accommodation and lifting services in support of repair works at Pemex Line 221 at the Abkatun-A Platform in the Abkatun field in the Gulf of Mexico for a period of 50 days. After completion Sea Trucks will provide similar services at Pemex Lines 63a and 65 in the Ku-Maloob-Zaap Field for a period of 42 days plus options.

Topaz Secures Tengiz Oilfield Contracts

Offshore support vessel company Topaz Energy and Marine has been appointed the technical managers of three vessels by a consortium comprising Blue Water Shipping A/S and Kazmortransflot (KMTF), in connection with the TCO developed Tengiz oil field in Kazakhstan. Under the terms of the agreement, Topaz will act as the technical managers for three newly designed Module Carrying Vessels (MCVs). The vessels will commence work in Q2 2018 for a minimum contract period of a little over two years. The vessels will be transporting oil and gas modules to the Tengiz oil field from transshipment bases in Kazakhstan. The Tengiz oilfield is operated by Tengizchevroil LLP; a Kazakh partnership that explores, develops, produces and markets crude oil, LPG, dry gas and sulfur.

DNV GL AiP for Vard's LNG Bunker Vessel Design

Presentation of the AiP. From left: Pål Spilleth (DNV GL), Marius Øverland (Vard), Johan P. Tutturen (DNV GL), Andreas Buskop (Vard), Roald Vårheim and Magnus Lindgren (both DNV GL) (Photo: Vard)

DNV GL has awarded Vard Engineering Brevik AS with an Approval in Principle (AiP) for their new 6,500 m3 bunker vessel design. The design has been evaluated for compliance with the DNV GL Gas Bunker rules, the applicable Gas Carrier rules as well as the IGC Code's 2016 edition. "The excellent cooperation between DNV GL and Vard resulted in a development enabling flexibility and quality assurance of our design. We are proud of our joint efforts and strongly believe that the cooperation between DNV GL and Vard results in first class designs for shipowners and operators"…

Topaz Secures Kazakhstan Contracts

Photo TOPAZ

Topaz Energy and Marine said it has secured contracts in connection with the development of the Tengiz oilfield in Kazakhstan during 2016. The two contract wins announced in the second and third quarter together represent revenue of more than $500 million. The two contracts bring Topaz’s backlog to approximately $1.6 billion. Under the terms of the main contract awarded by Tengizchevroil (TCO) to a consortium comprising Topaz and Blue Water Shipping A/S, Topaz will commission the construction of 15 Module Carrying Vessels (MCVs).

Teekay Offshore Bags North Sea Shuttle Tanker Contracts

Courtesy Teekay Offshore Partners

Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has been awarded new three-year shuttle tanker contracts of affreightment (CoA), plus extension options, with BP plc, Royal Dutch Shell and OMV Group, to transport the oil produced from the new Glen Lyon FPSO which is part of the Quad204 development located west of Shetland in the North Sea. The CoAs are expected to commence in the first half of 2017 with the requirement for approximately two shuttle tankers.

Shell Loads First LNG Vessel at Gate Terminal

Coral Methane loading (Photo: Shell)

Shell loads first LNG vessel, using new LNG fuel infrastructure at Gate terminal. The new LNG fuel infrastructure included the construction of a new berth. This new berth has now started operations. The loading of Shell’s chartered LNG vessel, the Coral Methane happened on September 19th. In July 2014, Shell took the Final Investment Decision to buy capacity at the Gas Access to Europe (Gate) terminal, which enabled the investment in new, dedicated liquefied natural gas (LNG) fuel infrastructure. The new LNG fuel infrastructure included the construction of a new berth.

Pavilion Energy, ExxonMobil Join on Singapore LNG Bunkering

Image: Exxon Mobil Corp

Pavilion Energy Pte Ltd (Pavilion) and Exxon Mobil Corp. (ExxonMobil) will work together to develop liquefied natural gas (LNG) bunkering in Singapore, as well as other downstream projects, reports the Straits Times. Both companies will also look at developing other downstream projects here, said Pavilion Energy chief executive Seah Moon Ming. The downstream sector typically refers to the processing and selling, or distribution of gas. Seah said  that the collaboration is aimed at establishing and fine-turning LNG bunkering procedures, starting with truck-to-ship deliveries.

Alaska, ConocoPhillips Eye JV to Market LNG

Image: Alaska LNG Project LLC

The state-owned Alaska Gasline Development Corp. (AGDC), and ConocoPhillips Alaska Inc. have executed a memorandum of understanding (MOU) to form a joint venture company (JV) to market liquefied natural gas (LNG) from the Alaska LNG project. AGDC said the joint venture would also focus on buying North Slope gas and pursue support of other major North Slope producers in the formation. The JV's ultimate goal is to bring global LNG buyers and North Slope wellhead sellers together.

U.S. Shale Gas Shipment to Arrives in Britain

The first shipment of gas fracked from U.S. shale will arrive in Britain next week, upping pressure on Scotland to reassess its opposition to fracking. Chemicals giant Ineos will be importing ethane, obtained from rocks fractured at high pressure, in a foretaste of larger deliveries of liquefied natural gas (LNG) from shale set to reach Europe in 2018. The shipment of ethane, used to make plastics, anti-freeze and detergents, will arrive in Scotland's Firth of Forth on Tuesday, accompanied by a lone Scots piper at sunrise, the company said. The Zurich-headquartered group is against a Scottish moratorium on fracking. It is Britain's biggest shale gas company in terms of acreage and it has promised to share six percent of future shale gas revenue with local residents.

IOC Eyes GSPC's Stake in Mundra LNG terminal

Image by Whessoe Technology Centre

Indian Oil Corp. Ltd (IOC) wants to buy debt-laden Gujarat State Petroleum Corp.’s (GSPC) entire stake in the in the under-construction Rs 4,500 crore ($672 million) GSPC-Adani liquefied natural gas (LNG) terminal in Mundra, Gujarat, reports Livemint. GSPC is looking to exit the 5 million tonnes a year LNG import terminal project, which is likely to be completed by mid-2017, says sources. GSPC LNG Ltd, a unit of GSPC, holds a 50% stake in the project with the Adani Group owning 25%; the remaining 25% has been earmarked to be sold to a strategic partner.

Indian Oil Giant May Scrap LNG Vessel Tender

Photo: GAIL

GAIL India, largest state-owned natural gas processing and distribution company in India, will likely scrap the tender for hiring LNG ships after failing to negotiate acceptable terms with bidders in what would hurt India's ambition to build high-tech LNG carriers at home under the Make in India programme, reports the Economic Times. The oil marketing giant had issued a tender last September seeking to charter at least 9 LNG vessels to bring home from the US up to 5.8 million tonne of gas annually from early 2018.

Ocean Endeavor Repair Completed

(Photo: Harris Pye Engineering Group)

Harris Pye Engineering Group completed repair works during the two-stage multi-million dollar Diamond Offshore demobilization project for its semi-sub rig Ocean Endeavor from the Black Sea, which completed its contract in January 2016. The initial phase of the repair work, which started in December 2015, while the rig was offshore Constanta, Romania involved cleaning of mud, brine, base oil and skimmer tanks. Steel repairs were carried out on a main column blister. The removal of three Seatrax crane pedestals…

Coal's Cost Advantage over LNG Slipping

file image: a ttypical bulk carrier at sea (Credit: BSM)

Thermal coal has been one of the commodity success stories this year, but there is a risk that it becomes a victim of its own success by eating into its advantage over liquefied natural gas (LNG) in generating electricity. The benchmark Australian thermal coal price, the Newcastle Index, rose to $70.76 a tonne in the week to Sept. 16, its highest in 18 months and taking its gain since the start of the year to almost 40 percent. In contrast, the price of spot LNG in Asia <LNG-AS> was $5.60 per million British thermal units (mmBtu) on Sept. 16, down almost 19 percent from the end of last year.

Terex Floating Cranes for Open Sea Get Approval

Terex Gottwald Model 8 floating cranes can be used on the open sea in accordance with the Lloyd's Register Code for Lifting Appliances in a Marine Environment. TPS has again obtained the design approval first issued in 200

Terex Port Solutions (TPS) has obtained design approval for Terex Gottwald Model 8 floating cranes in the G HPK 8200 B four-rope grab variant operated on the open sea. This was necessary because the Lloyd's Register Code for Lifting Appliances in a Marine Environment has changed since the initial approval of the machines in 2007. The design of the crane, which offers an outreach of maximum 50 m, a 63 t grab curve and lifting speeds of up to 140 m/min, has also been completely reworked in the meantime and adapted to the current Model 8 series standard.

Fugro Reduces Offshore Wind Development Down Time

FUGRO’S CABLE LAY SPREAD

A development by Fugro for its work class remotely operated vehicles (ROVs) has been utilised successfully in cable lay touchdown monitoring operations at the Rampion Offshore Wind Farm. A new track base unit, fitted to its FCV ROV, has been introduced to ensure highly accurate cable positioning during cable lay operations in strong currents. The unit ensures the continuation of operations in strong currents by enabling the ROV to run along the seabed instead of flying through the water. It is fitted to the existing ROV frame but can be detached easily if required.

Marine Premiums Drop 10%, Could get Worse

Patrizia Kern (Chairman)

The International Union of Marine Insurance – unveiling its annual statistical report on the marine insurance market at today’s conference in Genova, announced global underwriting premiums for 2015 of USD 29.9bn. This is a 10.5% reduction on the 2014 figure. Vice-Chairman of IUMI’s Facts & Figures Committee, Astrid Seltmann explains, “Part of the reduction can be attributed to the strong US dollar as compared with other currencies but this is not the whole picture, particularly for hull and offshore energy where much of the original business is written in USD.

MacGregor Bags 7 Middle East OSV Contracts

The Shark Jaw Photo MacGregor

MacGregor, part of Cargotec, has won comprehensive equipment package contracts for a variety of seven specialist support vessels that will operate in the Middle East region. MacGregor will deliver deck cranes and a range of deck machinery to each vessel. The order is booked into the third quarter 2016 order intake. "These orders are a good demonstration of MacGregor's ability to deliver a one-stop-shop solution, using products from across our range of market-leading brands. All backed-up by good global aftersales and service support…

US Oil Drillers Add Rigs for 11th Week in 12

U.S. drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below the key $50 a barrel level that spurs a return to the well pad. That is, however, the longest streak of not cutting rigs since 2011 with the rig count increasing or holding steady every week so far this quarter. Drillers added two oil rigs in the week to Sept. 16, bringing the total rig count up to 416, the most since February but still below the 644 rigs seen a year ago, energy services firm Baker Hughes Inc said. The oil rig count plunged from a record high of 1…

Julia Achieves Tropical Storm Status Again

Julia regained its designation as a tropical storm as it milled off the southeast coast of the United States on Friday, the National Hurricane Center said in an advisory. The center of the storm, which drenched parts of northeast Florida, Georgia and South Carolina earlier this week, was not threatening land as it moved east-southeast about 270 miles (435 km) southwest of Cape Hatteras, North Carolina, the Miama-based center said. Tropical Storm Julia, carrying winds of 40 mph (65 kph) with higher gusts, was expected to cause rip currents and hazardous wave conditions along the southeastern coast through the weekend, the center said. Reporting by Brendan O'Brien

Finland's 1st LNG Terminal Opens

Image: Gasum Oy

Finland’s first liquefied natural gas (LNG) import terminal at Pori on the west coast was officially opened, says Gasum. Deliveries of LNG to customers began on the same day, the company said in its statement. It enables LNG deliveries to industrial, maritime and heavy-duty road transport customers outside the gas pipeline network and diversifies the Finnish energy market. Access to LNG in Finland will improve considerably following the opening of the terminal. This is an important…

Prosafe Crew to Train Using a New Lifeboat Simulator

(Photo: Virtual Marine Technology)

Virtual Marine Technology said it has delivered a second lifeboat simulator system to Prosafe. The simulator was custom built for training lifeboat coxswains onboard the Safe Zephyrus, one of Prosafe’s newest accommodation rigs. The Safe Zephyrus was constructed at Jurong Shipyard Pte Ltd in Singapore. The vessel complies with Norwegian regulations and is capable of operating in the harshest environments and with the highest standards of safety. It can accommodate up to 450 people in single person cabins.

ASRY Reaches 100 Rig Milestone

Photo courtesy of ASRY

ASRY, a ship and rig repair yard in the Arabian Gulf, has welcomed its 100th rig repair job to the yard, as 2016 posts the highest number of rig repair contracts in the yards history. The project is on the high specification jack-up rig ‘Bob Palmer’, one of the largest jack-up rigs in the world,  owned and operated by Rowan Companies, which is one of the world’s leading providers of offshore contract drilling services, and long-term client of ASRY’s. “ASRY’s diversification into rig repair has continually proven to be one of the yard’s most perceptive moves…

First Gas-Up Operation at Jebel Ali LNG Import Terminal

Excelerate's FSRU Explorer at DUSUP's Jebel Ali LNG Terminal in Dubai. (PRNewsFoto/Excelerate Energy L.P.)

Excelerate Energy L.P., in collaboration with Dubai Supply Authority (DUSUP), has completed the first commercial gas-up operation at DUSUP's Jebel Ali LNG Import Terminal via Excelerate's floating storage and regasification unit (FSRU) Explorer on August 31, 2016. The FSRU gassed-up all five tanks of a 173,000 m3 LNG Carrier, in a 17-hour period. DUSUP's ability to utilize the FSRU for these operations will allow LNG vessels departing regional dry docks avoid having to travel significant distances to perform this required step in the LNG cargo cycle, making Dubai a full-service LNG hub.

Statoil to Supply Small-scale LNG to Baltics

Norway's Statoil will supply small-scale liquefied natural gas (LNG) to terminals in the Baltic Sea through Lithuania's Klaipeda LNG terminal, a company official said on Thursday. The move comes after the energy firm signed an agreement on Thursday with Litgas and Lietuvos Duju Tiekimas, gas trading subsidiaries of Lithuanian state-owned energy group Lietuvos Energija, to balance the gas supplies at the Klaipeda terminal. "If I'm sitting here in five years and this is a success story, I hope that we are churning three to five conventional cargos annually into this market", Statoil's head of LNG operations Ingvar Skogseide told reporters. Reporting by Andrius Sytas

 

Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

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