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Lng Supply

New Global Brand for LNG Bunkering: Gas4Sea

ENGIE, Mitsubishi Corporation and NYK Line have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel around the world. Gas4Sea aims to lead innovation through the ship-to-ship supply of LNG for the maritime sector.   In 2014, ENGIE, Mitsubishi Corporation and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe and cost-effective service to shipping customers worldwide. Through their experience in their respective businesses, they will be able to tailor their LNG supply chains to the customers’ needs.   The partners will begin operations in the fourth quarter of 2016, using a purpose-built LNG bunkering vessel (LBV) with a 5,000cm LNG capacity, the first of its kind in the market. Designed to adapt to the largest range of customers, it will be able to bunker vessels at the Belgian port of Zeebrugge, as well as other nearby ports.   The partners will expand their LNG bunkering services under Gas4Sea to meet more customers’ needs into other regions, in collaboration with stakeholders including shipping companies, port authorities, terminal operators, regional suppliers and local governments and regulators.  


LNG Shipping Rates to Remain Under Pressure in 2016

LNG shipping earnings will remain under pressure in 2016 as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. LNG vessel fleet growth is forecast to double this year to 12 percent, compared to 6 percent in 2015. Meanwhile, as new sources of LNG supply kick in from projects coming online in Australia


Braemar Engineering Announce One Stop Shop for LNG Fueliing

Geoff Green

Braemar Engineering, the marine engineering consultancy arm within the Braemar Shipping Services Group, has launched a new venture which recognizes the growing importance of LNG as a global maritime fuel source.   It will be taking its experience and skills in dynamic positioning (DP), LNG in the marine environment, and LNG supply, and applying them to a new operation that will advise on every aspect of the use of LNG as a fuel source in the offshore sector.


BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16, it said on Wednesday. Seven cargoes have been shipped since December from the Queensland Curtis LNG facility, said Steve Hill, BG Group's head of global energy marketing and shipping. The plant is expected to stop operations for about a week of maintenance in the near term before ramping up to full


Conrad Shipyard Bags LNG Order

Image: Conrad Shipyard

 Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard for the construction of a dedicated LNG bunker barge for the marine market in North America.   The bunker barge, which is scheduled to be delivered in early 2016, will service ship owner Totem Ocean’s Orca Class roro vessel in Tacoma, Washington


GAIL to Finalize LNG Deal with Iran

Photo by  Iran Liquefed Natural Gas co

India’s state-run gas utility GAIL has begun talks with Iran to revive a decade-old LNG supply contract with the country, reports PTI.   The Business Standard has reported that GAIL has opened talks with Iran over the LNG contract whose value is estimated to be $22 billion in light of the prospects for the removal of sanctions against Iran.   "Dialogue has been initiated with Iranian counterparts to revive the LNG supply long-term SPA


NYK, Kyushu Electric Power Partner on LNG Transport

Grace Barleria (Photo: NYK)

Japanese firms NYK and Kyushu Electric Power Co. Inc. say they have reached an agreement to partner in various fields, including liquefied natural gas (LNG) transport.  According to NYK, the agreement will allow Kyushu Electric Power to use vessels from the shipping company’s fleet for short-term LNG transport, enabling NYK to improve its profitability through efficient vessel allocation and Kyushu Electric Power to improve its flexibility in LNG transport.


Chevron and ENN Sign Gorgon LNG Agreement

The Asia Vision is one of Chevrons new liquefied natural gas (LNG) carriers constructed to support the companys growing LNG operations. (Photo: Business Wire)

Agreement to supply 0.5 million metric tons annually for 10 years from the Gorgon Project   Chevron Corporation announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas (LNG) to China from the Chevron-operated Gorgon natural gas project in Australia. When the deal is finalized, ENN is expected to receive up to 0


Rosneft, EGAS Ink LNG Supply Deal

HO of  Egyptian Natural Gas Holding Company

  Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company (EGAS) signed a Master LNG Supply and Purchase Agreement. The document was signed by the Chairman of Rosneft Management Board Igor Sechin and the Chairman of EGAS Eng. Khaled Abdelbadie during the visit of the President of the Arab Republic of Egypt Hussein Abdel Fattah Saeed Khalil al-Sisi to Russia. In accordance with this document


Kuwait in Talks on Russian LNG Imports

LNG carrier credit Gazprom

Gazprom informs it has hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Abdulaziz Al-Adwani, Ambassador Extraordinary and Plenipotentiary of the State of Kuwait to the Russian Federation to discuss prospects for bilateral cooperation in the oil and gas sector. In particular, the principals addressed the idea of broadening their co-operation on Gazprom's LNG supplies to Kuwait


Qatar Seeks to Open New LNG Markets with Floating Terminals

Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals.   Hoegh LNG, a developer of floating LNG import terminals


Bureau Veritas Approves Wison's W-FSRP Concept

Photo: Wison

Wison Offshore & Marine said its newly-developed floating storage regasification and power generation barge (W-FSRP) has received Approval in Principle from Bureau Veritas. W-FSRP integrates functions of LNG loading and storage facilities, regasification and power generation.


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


LNG Prices Low on Oversupply

By Henning Gloystein   The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season.   Spot prices for Asian LNG <LNG-AS> were at $5


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.   


Dunkirk Plans LNG Fueling Station

Image: Port of Dunkerque

 Dunkirk's LNG terminal and Grand Port Maritime de Dunkerque have signed an agreement for the development of an LNG supply station.   The use of liquefied natural gas (LNG) by shipping and road vehicles has grown significantly in recent months with new projects (orders for ships


Lithuania Inks U.S. LNG Supply Deal

File Image: Credit QGTC

Lithuania's state-owned gas trader Lietuvos Duju Tiekimas (LDT) said on Monday it had signed a deal to buy liquefied natural gas (LNG) directly from the United States for the first time and expects to receive a delivery in the second half of August.  


KOGAS to Receive first Cheniere LNG Cargo

File Image: A typical LNG Carrier at Sea (CREDIT: MISC)

KOGAS to receive first LNG cargo from Cheniere in July; this marks start of 20-year supply contract.   Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S


SLNG Terminal Performs Small Scale LNG Reload First Time

Photo: Singapore LNG Corporation Pte Ltd (SLNG)

 Singapore LNG Corporation Pte Ltd (SLNG) has successfully performed its first small scale Liquefied Natural Gas (LNG) Gas-Up/Cool-Down and Reload at its Terminal on Jurong Island.    The operation was carried out from 18-20 June 2017 for the newly built, 6,500m3, Cardissa


Private Producer Aims to Ship Baltic's First Russian LNG Before Gazprom

LNG Gorskaya, a privately-owned Russian liquefied natural gas (LNG) producer, has launched a 340 million euro ($379 million) project to become the first LNG exporter from Russia's European coast, its CEO told Reuters. Russia expects to send LNG to Europe by the end of 2017 from its distant


Qatargas to Supply LNG to Shell

Photo: Qatargas Operating Company Limited

 Qatargas and Shell have signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics.  Through this joint logistics research collaboration, Qatargas and Shell aim to develop new ways to optimize supply chains


Shell Diverts U.S. LNG Cargo to Dubai

File Image (only) / Credit: QGTC

Royal Dutch Shell has sent a replacement cargo of liquefied natural gas (LNG) from the United States to Dubai, shipping data shows, after a diplomatic row disrupted typical trade routes from Qatar.   Shell has a deal to supply the Dubai Supply Authority (DUSUP) with LNG which it typically


Qatar LNG Not Affected by Arab States Tension -Exxon

Exxon Mobil Corp said on Tuesday that production and exports of liquefied natural gas from Qatar have not been affected by rising diplomatic tensions in the Middle East.   Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on Monday cut ties with Qatar


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.  


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






 
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