Enn Energy News

Swiss-based global mining and commodities trader Glencore is set to send its first spot liquefied natural gas cargo to Zhoushan in eastern China in a trading joint venture with Zhejiang Energy Group, a top company trader said on Friday.Glencore's joint venture with Zhejiang, which is backed by the provincial government, dates from 2018, making it one of the few Western traders with such tie-ups in China, the world's top crude oil buyer and second-largest importer of LNG.Alex Sanna…

The global LNG bunkering market was valued at approximately USD 397.70 million in 2017 and is expected to generate revenue of around USD 11899.60 million by the end of 2024, growing at a CAGR of around 59.4% between 2018 and 2024.LNG bunkering is experiencing the highest growth rate in developed as well as developing countries, said a report by Zion Market Research.Escalating number of vessels using LNG owing to the need for cleaner fuels in compliance with the stringent government regulations in order to reduce air pollution and maintain sustainability is the main driver that is boosting the growth of the market. This particular factor is driving the development of the LNG bunkering market.The regulatory organization the International Maritime Organization (IMO) in 2012…

Wärtsilä was tapped to supply an integrated package of sustainable solutions for China’s first seagoing LNG bunker vessel, scheduled for delivery in 2020.The ship is being built by the Dalian Shipbuilding Industry Corporation (DSIC) for an affiliate of the ENN Energy holdings, one of the largest users of LNG in China. It has been designed by China Ship Design & Research Center Co. Ltd. Wärtsilä will provide the vessel’s cargo handling system, the Wärtsilä 34DF dual-fuel main engine…

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker ports globally."The single operational LNG bunker vessel operating at the beginning of 2017 has been joined by a further eight with – we estimate – 30 likely to be in operation within the next four to five years at key bunkering nodes in Asia…

Chinese enterprise blockchain company VeChain announced a deal for a liquified natural gas (LNG) management solution that will leverage the VeChainThor Blockchain.The partners are two of the leading Chinese energy and gas companies, ENN Energy Holdings and state-owned Shanghai Gas.In the introduced solution, ENN Energy Holdings Limited is responsible for the design and system construction of LNG-related business scenarios and is providing the necessary vehicles/equipment.In the pilot rollout of this solution, ENN Energy Holdings Limited will provide the onsite technical team and testing locations working within their existing businesses.

Chinese gas distributor ENN Energy Holdings has begun operations at the first phase of its Zhoushan liquefied natural gas (LNG) import terminal, Vice President Ma Shenyuan said, speaking at a commencement ceremony for the terminal on Friday.As ENN aims to ramp up winter supplies in eastern China, the tanker 'Asia Integrity' docked at the Zhoushan terminal on the same day, bringing 145,000 cubic meters of LNG from Australia supplies to mark the launch of China's first privately…

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce the carbon footprint in the shipping industry stringent international emission policy, the best cost- effective alternative fuel and significant rise in government initiatives supporting LNG adoption.According to a research report from Energias Market Research, the ferries and offshore service vessel will dominate the LNG bunkering market during the…

Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth. However, higher capital investments, poor bunkering infrastructure are the factors inhibiting the market growth. Offshore Support Vessels (OSVs) segment is anticipated to be the largest market for the global LNG Bunkering market during the forecast period. The growth is attributed to feasible operations during shipping and loading.

Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website. The deal is for 0.5 million metric tons of LNG per year for a period of 10 years and will be delivered from the company's facilities. Total didn't specify which projects if would source the product from but it has offtake from Australia's Ichthys project, geographically close to China. The deliveries will be sourced from Total’s global LNG portfolio, and they are expected to begin in 2018 upon completion of ENN’s Zhoushan LNG receiving terminal. “Building partnerships with new LNG buyers, such as ENN in China, allows us to grow our presence in this key LNG market,” said Laurent Vivier, president of Total’s gas division.

European oil major Total has agreed to supply 500,000 tonnes a year of liquefied natural gas (LNG) for 10 years to China's privately-run ENN Group, Total said on Thursday. The supplies of the super-chilled natural gas will start in 2018 upon completion of ENN's planned receiving facility near the eastern coastal city of Zhoushan, Total said in a statement on its website. Beijing is freeing up the nation's LNG trade as part of broad reforms that allow private companies to invest in oil and gas exploration as well as pipelines and tank farms, and to engage in importing and exporting. The aim is to help secure supplies while boosting competition and efficiency in an energy sector long dominated by state firms. ENN Group is the parent company of Hong Kong-listed ENN Energy Holdings.

Energy giant Chevron has signed a preliminary agreement with China's ENN LNG Trading company to supply liquefied natural gas (LNG) from its $54 billion Gorgon LNG project in Western Australia. Chevron plans to supply a unit of ENN Energy Holdings Ltd. with as much as 500,000 metric tons of LNG a year from Australia's largest gas project, Gorgon. It follows Chevron’s initial agreement in late December to sell as much as 1 million tons of LNG a year to China Huadian Green Energy Co. US-listed Chevron said that once the deal is finalised it expects to supply ENN with up to half a million tonnes of LNG per annum over 10 years. "When the deal is finalized…

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 0.5 million metric tons per annum (MTPA) of LNG over 10 years, with deliveries starting in 2018 or the first half of 2019. “This is one more step in the development of our Australian gas business and our global LNG portfolio…

Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying. This would be the first LNG deal between the world's two biggest energy users. Cheniere Energy is set to become the first U.S. LNG exporter, with shipments to start by the end of this year. However, no Chinese companies have signed up for any U.S. LNG cargoes so far. Nicolas Zanen, vice president for Asia at Cheniere Marketing Pte, a wholly owned subsidiary of Cheniere Energy Inc, said that some Chinese buyers had already begun moving to secure supplies, although without providing any details.