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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


ABS Approves New MOSS-type LNG Tank Concept

ABS informs it has granted Approval in Principle (AIP) for a new MOSS-type liquefied natural gas (LNG) tank design concept developed by Japan’s Kawasaki Heavy Industries (KHI).    Designated as an IMO Type B independent tank


US to be World's Biggest LNG Exporter by 2022

Pic: Shell

 The International Energy Agency predicted that the US will become the world's No. 2 exporter of liquefied natural gas by the end of 2022 with a capacity of 3.7 trillion cubic feet per year, second only to Australia.  The U.S. is already the world's largest producer of natural gas


Qatar to Maintain Dominance in Global LNG Market

Photo: Qatargas Operating Company Limited

 Qatar will maintain its dominance over the global liquefied natural gas market despite increased supply from Australia and the United States, the weekly report by Qatar National Bank (QNB) said.   A report in The Penisula quoting QNB said that Qatar currently accounts for 30


Nakilat, Höegh LNG Ink MoU on FSRU project

Sveinung J.S. Støhle, President and CEO of Höegh LNG & Nakilat’s Managing Director Eng. Abdullah Al-Sulaiti. Photo: Nakilat

Nakilat signed a Memorandum of Understanding (MoU) with Höegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for opportunities and solutions to delivering LNG to the global markets


Flex LNG signs deals to buy six new vessels

Image: Flex LNG

Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for its fleet by 2019, as it bets on increasing fuel demand from Britain and other countries, its chief executive told Reuters.   The gas shipping company said earlier this year it was considering


Marubeni Becomes SEA\LNG Member

Image: SEA\LNG Ltd

 SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed Japan-based Marubeni to its expanding membership.    With the addition of Marubeni


LNG Sellers, Asian Buyers Spar Over Contract Terms

File Image (CREDIT: AdobeStock / (c) Fotmart)

A spat brewing between Qatar, the world's No.1 producer of liquefied natural gas (LNG), and its biggest customers in Japan underscores rising tensions between buyers and sellers of the super-chilled fuel as a supply glut unbalances the market.  


Qatar Petroleum, Shell Sign LNG Bunkering Agreement

Qatar Petroleum and Shell signed a framework agreement to develop global LNG bunkering facilities on Tuesday, Qatar Petroleum said.   "We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source


Small Scale LNG Market to Grow at 2.5% to 2022

Photo: Engie SA

 The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future.   The growth of the Small Scale LNG Market is majorly driven by increased demand for energy in the Asia-Pacific region


Qatar Tells US It Will Maintain Stable LNG Exports

Qatar's finance minister told U.S. Treasury Secretary Steven Mnuchin during a trip to Washington last week that Qatar was committed to maintaining stability around its exports of liquefied natural gas to the global energy market, according to a statement by Qatar's government communication office


ABS Approval for Chiyoda's Floating LNG Power Plant

 ABS informs it has granted Approval in Principle (AIP) for a floating liquefied natural gas (LNG) power plant and Floating Storage and Regasification Unit (FSRU) design concept developed by Japan’s Chiyoda Corporation,   “As the energy mix shifts and global demand for gas


ExxonMobil Joins with Eagle LNG, Crowley on LNG Marine Fueling

Image: Crowley

 ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe


LNG Price Row between GAIL, Cheniere Looms

File Image (CREDIT: AdobeStock / (c) Fotmart)

India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation.   At a joint news conference with Indian Prime Minister


Huge Potential for LNG in Iberian Peninsula

Fernando Impuesto, CORE LNGas hive project coordinator from Enagas (Left) and Liv Hovem, Senior Vice President, DNV GL – Oil & Gas. Photo: DNV GL

 With the global fuel sulphur limit of 0.5% entering into force in 2020, the interest towards LNG as a marine fuel is increasing. One of the main obstacles to the accelerated uptake of LNG, however, is the uncertainty regarding future market volumes for LNG.   


Ports Firm YKIP Joins SEA/LNG Coalition

Courtesy of Yokohama - Port & Harbor Bureau

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has announced Yokohama-Kawasaki International Port Corporation (YKIP) as its latest member.   Representing the Japanese ports of Yokohama and Kawasaki






 
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