GasLog: LNG Demand Grew 9% in 2018
Liquefied natural gas (LNG) is expected to have increased by 9%, from 288 million tonnes per annum (mtpa) in 2017 to 313 mtpa in 2018, said GasLog.The Monaco-based owner, operator and manager of LNG carriers said in a stock exchange announcement that China’s LNG imports increased by approximately 16 mtpa, or 41%, to 54 mtpa in 2018, driven mainly by continued coal-to-gas switching in the industrial, commercial and residential sectors.South Korea, Pakistan, Thailand and Mexico also experienced strong growth in LNG imports during 2018.
Tower Resources Hires Vantage Drilling for Cameroon Well
UK-based Tower Resources has announced it has contracted US offshore driller Vantage Drilling International to provide drilling operations at the NJOM-3 well offshore Cameroon. The well is located in Tower’s 100%-owned Thali licence.The Topaz Driller is a Baker Marine Pacific Class 375 jack-up, which was recently mobilised to Cameroon by NewAge as operator for the Etinde license for two appraisal wells and is currently employed in Gabon, informed a press release from the upstream oil and gas company.As announced on 1 November 2018…
Gulf of Guinea Boosts Maritime Security
Maritime security depends on the capacity of national authorities to develop effective port security plans and procedures and the ability to self-audit, says International Maritime Organization (IMO).A regional workshop for participants from a number of countries in the Gulf of Guinea, held in Tema, Ghana (13-16 November) has helped to build national capacity to enhance port security. Benin, Cameroon, Cote d’Ivoire, Equatorial Guinea, Gabon, Ghana, Nigeria, Sao Tome & Principe…
LNG Investment Set to Grow
Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.
IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
LNG Report: Floating Liquefaction & Regasification
International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
Golar LNG Partners Completes Sale of Golar Hilli
Golar LNG Partners have completed the acquisition of 50 percent equity in FLNG Hilli Episeyo located offshore Kribi in Cameroon, from Golar LNG, Keppel and Black and Veatch. "Further to our announcement on August 16, 2017, that it has completed the acquisition of 50% of the common units in Golar Hilli, the indirect owner of the FLNG Hilli Episeyo," said a press release from the company. The acquired interest in Hilli LLC represents the equivalent of 50% of the two liquefaction trains…
Gulf of Guinea Plans to Enhance Maritime Security
International Maritime Organization (IMO) is supporting countries from the Gulf of Guinea region in their plans to enhance maritime security.Participants from 10 countries - Benin, Cabo Verde, Cameroon, Cote d'Ivoire, Gabon, Ghana, Guinea, Liberia, Senegal and Togo, as well as international partners such as INTERPOL and the UK Foreign and Commonwealth Office - are taking part in a workshop in Monterey, USA (6-10 August) on developing and refining their work plans. This includes…
Keppel Wins FPSO, FSRU Contracts
In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a Floating Production Storage and Offloading vessel (FPSO). This is the sixth FPSO collaboration between Keppel FELS Brasil and MODEC.In Singapore, Keppel Shipyard Ltd (Keppel Shipyard) has been entrusted with the conversion of a LNG Carrier to a Floating Storage and Re-gasification Unit (FSRU) by a leading global operator of oil and gas production vessels.Mr Chris Ong, CEO of Keppel O&M, said…
IMO on Women in Port Management
International Maritime Organization (IMO) is continuing its ongoing efforts to ensure women can reach top ranks in the maritime sector, through its Women in Maritime programme. The latest event was a two-week training course for female officials from maritime and port authorities of developing countries, in Le Havre, France (11-22 June). At the Institut Portuaire d'Enseignement et de Recherche (IPER), 23 female officials from 14 developing countries (Burkina Faso, Cameroon, Chad…
CMA CGM BIANCA, Largest Ship to Call in Cameroon (Kribi)
The CMA CGM Group, a leader in maritime transport, announced the start of its commercial operations at the Kribi Container Terminal. On this occasion, the CMA CGM BIANCA, 8721 TEUs and 335 meters long, became the largest container ship to call in Cameroon on 2 March 2018. The CMA CGM Group is deploying four new weekly direct services in Kribi to northern Europe, the Mediterranean and Asia. West Feeder Service, connecting Kribi, Port Gentil, Boma, Matadi and Libreville. Thanks to its strategic positioning, the Kribi hub will also significantly reduce transit times.
Douala Cameroon, Antwerp Join Hands
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years. The collaboration agreement was signed on Wednesday this week during an extensive visit by Antwerp port representatives to the port of Douala in Cameroon. Douala port authority is counting on the Antwerp know-how in order to boost the efficiency of its port operations, among other things. For Antwerp the agreement represents a way to maintain and further strengthen its position as market leader in West and Central Africa.
Start of Golar's FLNG in Cameroon May Draw More Africa Clients
Golar LNG said on Monday it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology and a milestone likely to boost its Fortuna project in Equatorial Guinea. As the cost of land-based LNG plants more than tripled in the decade to 2013, Golar pioneered the conversion of ageing LNG tankers into giant refrigerators capable of chilling gas into its liquid form at minus 162 Celsius. Natural gas when liquefied can be shipped and sold around the world on tankers, like oil. By starting up the pilot floating plant in Cameroon, Golar is removing uncertainty about the risks associated with squeezing equipment into a fraction of the space occupied by an LNG plant on land, shipping analysts and industry sources say.
African Ports to Reduce Stowaway Incidents
How to cut the numbers of stowaways in African ports was the subject of a regional International Maritime Organization (IMO) seminar in Yaoundé, Cameroon this week (20-22 March). The event gathered representatives from nine ports (Abidjan, Cape Town, Dakar, Djibouti, Durban, Lagos, Mombasa, Tema, and Takoradi) to share the actions they have taken since 2014 – when similar IMO events took place in Abidjan and Durban. Stowaway incidents continue to have a significant impact on safe ship operation and on the life and health of stowaways.
IMO, Liberia to Enhance Maritime Security
International Maritime Organization (IMO) is helping Liberia to develop a national maritime security strategy. The initiative got underway with a week-long fact-finding exercise (14-18 August) involving senior officials from Liberian Government departments and agencies with a stake in maritime matters. Based on the findings, a proposal will be presented to Liberia suggesting the best way forward. One clear objective is to encourage collaboration and a multi-agency approach to maritime security in Liberia.
Brunswick, Mercury Marine to Aid Mercy Ships
When the Africa Mercy, the world’s largest private hospital ship, provides its next field service in Cameroon, Africa, it will do so with a new dive boat and several new Mercury Marine outboard engines for the ship’s dive and rescue operations thanks to a recent donation from Brunswick Corporation and its engine subsidiary, Mercury Marine. Mercy Ships is a global charity that offers free life-changing surgeries, holistic health care and specialized training for local health care professionals in some of the world’s poorest areas.
LNG Market to Reach USD 20.6 bln by 2025
The global liquid natural gas (LNG) market is expected to reach USD 20.6 billion by 2025, growing at a CAGR of 12.7%, Research and Markets reported. Rising focus on development and expanding gas pipeline infrastructure and growing demand for natural gas from downstream sectors is a crucial driving factor for the industry. Decreasing LNG prices along with execution of favorable government rules and regulations, which are attracting FDIs & tax schemes are also conducive to industry growth.
FLNG Hilli Episeyo Departs Singapore Early
Golar LNG Limited said today that its floating liquefied natural gas (FLNG) vessel Hilli Episeyo departed Singapore for Cameroon earlier than anticipated, leaving at 10 a.m. local time on October 12. Hilli Episeyo was scheduled to leave Singapore between October 15 and October 20, but Golar LNG said a decision was made to complete LNG bunkering in Cameroon rather than in Singapore. The voyage to Cameroon is expected to take between 32 and 40 days. The world’s first FLNG conversion, Hilli Episeyo was converted from a 1970s-built LNG carrier by Keppel Shipyard. The vessel will go to work offshore Kribi, Cameroon for Société Nationale des Hydrocarbures and Perenco Cameroon.
Cooperation for Oil Spill Preparedness in Africa
A regional conference of countries in west, central and southern Africa has committed to continue to work at both national and regional levels to boost preparedness to deal with oil spill incidents which could be devastating both for the marine environment and financially. The conference (6-9 November) in Abidjan, Côte d'Ivoire, was hosted by CIAPOL, the Ivoirian pollution control centre. It brought together industry and government focal points from 20 out of 22 west, central and southern African countries covered by the Global Initiative for West, Central and Southern Africa (GI-WACAF).
IMO Supports Maritime Security Africa
Efforts to prevent piracy, armed robbery against ships and illicit maritime activity in west and central Africa are being boosted by an extended International Maritime Organization (IMO) mission to Yaoundé, Cameroon (18 January – 2 February). An IMO consultant is working with the Interregional Coordination Center (ICC) to support the Center’s work to carry out a regional maritime safety and security strategy under the Yaoundé Code of Conduct. The Code of Conduct was signed by governments in the region in 2013 to enhance cooperation on maritime safety and security.
CMA CGM Adjusts EURAF 5 Service
The CMA CGM Group announced it is reinforcing its service from Europe to West Africa through a new call at Kribi (Cameroon) and shortened transit times from North Europe on its EURAF 5 service. The new service started in January 2018. As a result, its EURAF 5 (Europe-West Africa) will benefit from a new port coverage on the following route: Antwerp, Le Havre, Lisbon, Algeciras, Pointe Noire, Luanda, Kribi, Douala, Abidjan, Algeciras, Antwerp. Transit times will also be shortened up to 10 days from Northern Europe to Douala with a weekly direct service.
LNG Market to Suffer From Oversupply Until 2021 - Vitol
Global prices of liquefied natural gas (LNG) will face pressure from oversupply over the next two to three years, particularly in warmer months, top energy trader Vitol said on Wednesday. New LNG production in countries such as the United States and Cameroon that is set to start up in the coming months means pressure on the rapidly expanding market will be particularly felt in 2019, Pablo Galante Escobar, who heads Vitol's LNG trading, told the IP Week conference. "We still see over the next two to three years a market that is structurally oversupplied, particularly in summer, Escobar said.
Golar LNG Partners Updates on Acquisitions
Golar LNG Partners announced that it had entered into an agreement to acquire an equity interest in FLNG Hilli Episeyo last year. Equivalent to 50% of the two contracted liquefaction trains, out of a total of four, the common units also include a 5% stake in any future incremental earnings generated by the currently uncontracted expansion capacity but do not include exposure to the oil linked component of Hilli's tolling fee. FLNG Hilli Episeyo arrived in Cameroon in late November.