Energy Diversification News

Russian gas producer Novatek has started ship-to-ship loadings of liquefied natural gas from the Yamal LNG project near the northern port of Murmansk, shifting away from Norway, ship tracking data at Refinitiv Eikon showed on Monday.The company previously conducted such operations at a terminal at the Norwegian Arctic port of Honningsvag. However, Oslo has faced pressure from the United States to stop Novatek from using a Norwegian port, with Washington arguing that such operations…

The Methanol Institute (MI) has joined a study led by the China Waterborne Transportation Research Institute (CWTRI), the think tank of the Chinese Ministry of Transport, which will consider the technical and operational requirements for the use of methanol as a marine fuel. The study is supported by methanol producers and distributors Methanex  and Shanghai Huayi Energy Chemical Co., Ltd.Based on the characteristics of China’s energy and shipping industries, the study will create comprehensive guidance and policy suggestions for the use of methanol as a marine fuel…

Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.Novatek suspended transfers in Norway in June last year due to what it termed "pressure from the West".According to Refinitiv Eikon data, the Arc7 tanker Vladimir Vize is due to arrive at the Norwegian Arctic port of Honningsvag on April 1, carrying a cargo from Yamal LNG.The data also showed that an empty Arc4 tanker…

German LNG Terminal GmbH, the joint venture driving forward Germany’s first LNG terminal in Brunsbuettel, has reached another long-term commercial capacity agreement with an unnamed global LNG player.The gas infrastructure company consisting of N.V. Nederlandse Gasunie (Gasunie), Oiltanking GmbH and Vopak LNG Holding B.V said in a press release that the parties agreed on the commitment of a substantial part of the terminal capacity.Negotiations with other interested parties are ongoing. As a result of strong market demand, German LNG Terminal will apply for permits with a total terminal capacity of 8 bcma.Rolf Brouwer, Managing Director of German LNG Terminal GmbH…

Leonid Mikhelson, the head of Russia's gas producer Novatek, said on Tuesday the company will need to speed up construction of liquefied natural gas (LNG) reloading facilities after Washington slammed Norway for helping it to tranship gas.Allowing ship-to-ship transfers in Norwegian waters from Yamal in Arctic Russia, one of the world's largest liquefied natural gas (LNG) terminals, undercuts Europe's energy diversification efforts, the U.S. State Department said last month.Mikhelson…

Kawasaki Kisen Kaisha, Ltd. (K Line) achieved 13.6 percent reduction in CO2 emissions [1] in 2015 against 2011 level, as a result of deployment of larger vessels, proactive initiatives for introducing advanced energy-saving technologies including electronically controlled engines, as well as slow steaming being continuously pursed through close cooperation at sea and on land with ship owners, vessels and ship management companies. The shipper therefore accomplished ahead of schedule the CO2 emission reductions target by 10 percent for 2019 against 2011 level…

Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday. Earlier this week, the State Department said Kerry would travel to India this weekend to attend an investment summit promoted by Indian Prime Minister Narendra Modi and held in the city of Ahmedabad, in Modi's home state of Gujarat. Among the top agenda items on Kerry's trip, which is to be followed by a visit to India by President Barack Obama for India's Jan. 26 Republic Day celebrations, is breaking down some of the barriers to U.S. companies.

Almarin has supplied fourteen buoys to OAS constructor for the maritime beaconing of the works of GNL del Plata project in Uruguay. Almarin Spanish AtoN supplier has provided fourteen buoys to OAS for the marking of the works of GNL del Plata project in Uruguay. OAS, S.A. is a Brazilian constructor with considerable growth in Latin America and recently awarded with part of the construction of the LNG Terminal located in west of Montevideo (Uruguay). The project is currently under…

BP and the China National Offshore Oil Corporation (CNOOC) today announced a heads of agreement for the supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019. The agreement was signed in London by BP Executive Vice President, Dev Sanyal and CNOOC Chairman, Wang Yilin, in the presence of UK Prime Minister David Cameron and Chinese Premier, Li Keqiang. Bob Dudley, BP Group Chief Executive said: “This is a significant deal for BP and China but it also marks a step up in global connectivity in the gas market. This is important for all countries and regions looking at the diversity of energy supply and energy security - it gives BP greater flexibility to respond to the changing energy demands from Europe, Asia and other regions.

Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by 40% in the next five years. Renewables are now the fastest-growing power generation sector and will make up almost a quarter of the global power mix by 2018, up from an estimated 20% in 2011.

According to Business News, nine companies have submitted pre-qualification documents to state-run Petroleum Corporation of Jamaica (PCJ) to provide a floating LNG terminal, a PCJ project official told BNamericas. The reception, storage and regasification terminal is planned for the Port Esquivel area on Jamaica's southern coast. PCJ was due to open documents on Monday (May 28) afternoon, with a list of pre-qualifiers expected in coming weeks, the official said. Names of the companies were not immediately available. The terminal is part of the government's energy diversification strategy that aims to introduce natural gas as an alternative to oil. The aim is to receive first gas in 2009. Source: Business News

At a scheduled meeting today, the Governing Board of the International Energy Agency discussed the current restraints on world oil supply, the significant decline in oil stocks worldwide and the sharp rise in oil prices. They expressed concern that the tightening supply situation could feed inflation and slow economic growth, thereby giving rise to problems particularly for developing countries. “Such instability would be in no one’s interest,” said Robert Priddle, Executive Director of the Agency. The Board noted that industry oil stocks worldwide were lower at the end of last year than at any time in the past decade. Yet demand is constantly growing.

The Governing Board of the International Energy Agency last week discussed the current restraints on world oil supply, the significant decline in oil stocks worldwide and the sharp rise in oil prices. They expressed concern that the tightening supply situation could feed inflation and slow economic growth, thereby giving rise to problems particularly for developing countries. The Board noted that industry oil stocks worldwide were lower at the end of last year than at any time in the past decade. Yet demand is constantly growing. The present gap between demand and supply means that no surplus oil is available to build stocks and that they continue to be drawn down to meet current requirements.