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Global Lng

LNG Investment Swings to North America

Photo: Chamber of Shipping of British Columbia

 The LNG industry is undergoing a dramatic transformation. North American activity (the majority of which is committed spend) is driving a return to growth in global capital expenditure. A wave of new LNG carrier newbuilds will also be required to support a huge increase in traded base-load LNG volumes.   Douglas-Westwood’s (DW) new World LNG Market Forecast 2017-2021 indicates global LNG expenditure will total $284 billion (bn) between 2017 and 2021. This represents a 50% growth compared with the preceding five-year period.   Report author, Mark Adeosun, commented, “Liquefaction terminals will remain the principal driver of expenditure with spend in the segment totalling $192bn. This will subsequently lead to a 42% increase in liquefaction capacity by the end of the forecast period. Despite challenging times for shipyards, with only four LNG carriers ordered in 2016 (YTD) – unit orders are expected to bounce back in the near-term."   Mark added: "Over 150 additional carriers yet to be ordered are likely to be required for additional export capacity coming onstream in the latter years of the forecast. Overall we expect expenditure on LNG carriers will represent 19% of global expenditure.   “As the final set of Australian LNG projects start operating in 2017, global LNG expenditure will be concentrated in North America


LR: LNG's Global Viability Hinges on Price

lloyds life.jpg

Global acceptance of LNG as a marine fuel will depend on pricing, according to a comprehensive study conducted by Lloyd’s Register; Study on LNG bunkering infrastructure also suggests some owners would be wise to consider fuel flexibility.   After 12 months of research and analysis, Lloyd’s Register has concluded its 2011-12 study on LNG bunkering and newbuilding demand for deep-sea shipping.  


El Paso Announces Development of a Shipboard LNG Regasification System

El Paso Global LNG, a subsidiary of El Paso Corporation announced the development of EP Energy Bridge(TM), a new ship-based liquefied natural gas (LNG) regasification system. Using proven offshore buoy technology to moor the ship and proprietary technology to regasify LNG onboard the ship and discharge it through a subsea pipeline, EP Energy Bridge(TM) enables flexible, environmentally safe, and cost-effective delivery of natural gas directly to coastal regions eliminating the need of a


Hyundai Heavy to Build First Korean-Designed LNG Ship

A Korean shipbuilder has succeeded in independently designing a liquefied natural gas carrier. Building LNG ships is a high value-added business, as it requires the highest level of shipbuilding technology. The latest achievement should significantly lower the royalties that Korean companies have had to pay to countries that developed such technology. Hyundai Heavy Industries said that plans to purchase an LNG ship built with Korean design technology in May


Arctic Russia LNG Plant Contracts Awarded

Japan's JGC Corporation with France's Technip to carry out the EPIC & commissioning of an integrated facility for natural gas liquefaction at the Yamal Peninsular. The contract was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%). The project will start immediately with a phase of estimation, detailed engineering and early procurement. The Yamal Peninsula located in Yamal-Nenets autonomous district of northwest Siberia, Russia


Dawei LNG Terminal for Shell

A graphical representation of the Dawei Special Economic Zone and deep sea port project. Courtesy: Roland Berger

 Royal Dutch Shell plc recently entered into an agreement with Thailand-based companies to develop a liquefied natural gas (LNG) terminal at the Dawei special economic zone in the Tanintharyi Region in Myanmar, says local daily Myanmar Times.    The firm has signed a Joint Development Agreement (JDA) with Thai companies Italian-Thai Development and LNG Plus International in Bangkok on August 19 to cooperate on developing the terminal.   


WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc


WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc


GDF Suez Further Develops LNG Bunkering

Small scale LNG: GDF Suez takes positions in this high potential market with capacities in Zeebrugge, Belgium, LNG terminal. GDF Suez continues to develop its small scale liquefied natural gas (LNG) activities in North West Europe following the award by Fluxys of additional berthing and storage capacity long term rights at the Zeebrugge LNG terminal. GDF Suez will have access to these capacities after the completion of the second jetty being constructed by Fluxys (expected in 2015)


Stiff Challenges Await Indian LNG Terminals

Graph Source: ICRA Research Estimates

 India's new LNG import terminals will face major challenges due to price sensitive demand, ICRA said in its latest update on gas utilities sector.    "Crowding of regasification terminals could put pressure on utilization levels, regasification charges and returns of new entrants," says ICRA (formerly Investment Information and Credit Rating Agency of India Limited).   "Despite high domestic demand-supply deficit


Top LNG Buyers Form Alliance to Push for Flexible Contracts

© akiyoko / Adobe Stock

The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers.   Korea Gas Corp (KOGAS) said on Thursday it had signed a memorandum of understanding in mid-March with


Natural Gas Fleet Sail to the Future

Graph: Clarksons Research

 Natural gas is set to account for an increasing share of the global energy mix in coming years, with gas consumption growing by an average of around 1.5%-2% a year out to 2040, according to energy forecasting agencies such as the IEA.   


ABS Published FSRU Development Guidance

ABS has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels.   “ABS has developed this industry-leading guidance based on extensive experience with the classification of LNG carriers


New ABS Guide Advances Industry FSRU Development

Depiction of the world’s first Floating LNG Liquefaction, Regasification and Storage Unit (FLRSU). FIle Photo: Marinelink

 ABS, a leading provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels.  


Viking Grace LNG Ferry to Install Rotor Sail

Illustration of Viking Grace with one 24x4m Norsepower Rotor Sail Photo Viking

Norsepower Oy Ltd., provider of auxiliary wind propulsion systems, announced that it has signed an agreement with Finnish shipping company Viking Line to install its Rotor Sail Solution onboard the M/S Viking Grace, an LNG-fuelled cruise ferry.  


Strong Fleet Growth to Keep LNG Shipping Rates in Check

Graph: Drewry Shipping Consultants Limited

2017 will be a tough year for LNG shipowners as rates are expected to remain under pressure, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.   This year has started on a positive note for LNG shipowners as spot rates have firmed


LNG Imports in Turkey Projected to Reach 9 MMT by 2025

Pic: EGE GAZ A.S.

 Rising demand from industrial sector, growing use for power generation and declining average landed prices to drive demand for LNG in Turkey through 2025, says TechSci Research report on Turkey LNG Market. LNG Imports in the country is projected to surpass 9 MMT by 2025


Egypt LNG Market to Reach 4.5 MMT by 2025

Image: Egyptian LNG

 LNG market in Egypt is projected to surpass 4.5 MMT by 2025, due to rising demand from power and industrial sectors in the country, says TechSci Research report.   Production of dry natural gas in Egypt declined at a CAGR of 7.17% during 2011-2015


Singapore LNG Market to Grow at 10.39% Through 2025

Photo: Singapore LNG Corporation Pte Ltd

 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


Bernhard Schulte, Babcock Team-up to develop GSV Vessel

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Bernhard Schulte Shipmanagement (BSM), a leading global maritime services company, and Babcock International Group, the UK’s leading engineering support services company, are collaborating to develop a ground-breaking Gas Supply Vessel (GSV)


Shell: LNG Demand Strong to 2030

LNG Demand Set to Outpace Gas Demand Growth from 2015 to 2030   Shell launches LNG Outlook Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year


FLNG Production Bows out as US Exports Roil Market

File photo : Shell

Once considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices.  


Shell Shelves Prince Rupert LNG

Photo: Prince Rupert LNG

 Royal Dutch Shell PLC has officially shelved its plans to build the Prince Rupert LNG project, which had been planned for Ridley Island in British Columbia. However, it  is still considering the potential of its other West Coast LNG option.  


Will LNG Remain a Key Energy Source?

© phonix_a / Adobe Stock

Industry expert predicts LNG will remain a key energy source; energy authority expect that Japan’s reliance on LNG will continue to grow   Japan imported 8.3 million metric tons of LNG in January, an increase of 1.06 million metric tons compared to the previous year


ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May.






 
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