Russia’s Yamal LNG Resumes Shipments to China After Months-Long Gap
Yamal LNG, controlled by Russia's largest liquefied natural gas producer Novatek, has sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports.The project, located on the Yamal peninsula in the Arctic, has previously mostly exported its frozen gas to Europe.President Vladimir Putin said last month his country could divert gas away from Europe, given the European Union's decision…
Small Scale LNG Market to Grow by 6.81%
Global small-scale LNG market is expected to rise from its initial estimated value of USD 29.31 billion in 2018 to an estimated value of USD 49.66 billion by 2026, registering a CAGR of 6.81% in the forecast period of 2019-2026.Increasing demand for the LNG is the major factor for the growth of this market, said Data Bridge Market Research.The small scale LNG is especially used for the places where there is less production of LNG and they also don’t require large plants. They usually use tanker, ships and trucks.These small LNG has production capacity of 500000 TPY and are usually used where there is requirement of LNG by the consumers.
Russia's Novatek Ships First LNG Cargo to Spain from Vysotsk
Russia's largest non-state gas producer Novatek has delivered a first liquefied natural gas (LNG) cargo to Spain from its Vysotsk plant, according to Refinitiv Eikon data.Novatek, Russia's top LNG producer, officially launched the Vysotsk plant on the Baltic Sea in April.According to the data, Novatek shipped a cargo of 9,500 cubic metres (6,000 tonnes) to the port of El Ferrol in Spain on June 15.The first line of Vysotsk plant has a capacity of 660,000 tonnes of frozen gas per year. Novatek has plans of expanding it by over 1.1 million tonnes annually with a second train.Refinitiv Eikon shipping data also showed the plant has shipped around 27 cargoes of LNG with total volumes of 250,000 cubic metres (around 160,000 tonnes) to Lithuania, Finland, Sweden and the Netherlands.
LNG Carrier Hits Berth in Russia
The Grand Elena tanker, carrying 145,000 cubic meters of liquefied natural gas (LNG), has hit a loading berth at Russia's Sakhalin Energy project on Tuesday and its departure has been delayed, a spokeswoman for the project told Reuters.She said it was not yet clear when the vessel would depart the port. Japan is the main consumer of the Sakhalin Energy LNG, which produces more than 10 million tonnes of the frozen gas per year.There has been no leaks of gas from the tanker and no one was injured, the spokeswoman added.(Reporting by Vladimir Soldatkin; Editing by Gopakumar Warrier)
Novatek Ships First LNG Cargo to China via Arctic
Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal.Novatek said a ceremony was held to commemorate the arrival of LNG tankers Vladimir Rusanov and Eduard Toll with cargo capacity over 170…
Fugro Returns to China for Gas Hydrate Research
Dutch survey and geotechnical services firm Fugro said it has been awarded a contract by China’s Guangzhou Marine Geological Survey (GMGS) to perform gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately $40 million and is expected to commence in the second quarter of 2018. The gas hydrate field research program is the fifth that Fugro will undertake for GMGS, and the two companies have worked together in this field of research since 2007.
Putin Okays Loading Start at Yamal LNG
President Vladimir Putin on Friday launched the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic, which will further expand Russia's global energy reach. The Yamal project, which required investments of $27 billion, will allow Russia to fulfil a plan to double its share of the global LNG market by 2020 from around 4 percent now. The LNG was loaded onto the ice class tanker "Christophe de Margerie", named after the former head of France's energy major Total, who died in a plane crash in Moscow in 2014. Total holds a 20 percent stake in Yamal LNG. "The loadings will be carried out all year round... "Russia can and should get a decent stake in the market," he told the attendees, who included Saudi Arabia's Energy Minister Khalid al-Falih.
Frozen Gas Market Heats Up
While seemingly miniscule in terms of deadweight tons ordered and delivered per year as compared to the shipbuilding business as a whole, the production of gas tankers, LNG and LPG, are high-value, high prestige orders that are likely to rise significantly in the coming years. Consistently high oil prices have effectively forced the production and processing of gas, and the current trend is towards increased usage of this valuable commodity. Late last month, the gas and power division of Royal Dutch/Shell ordered two additional liquefied natural gas (LNG) carriers to support its growing global LNG business. Shell International Gas Limited…
Editor's Note
Considering the over abundance of conferences and exhibitions that grace the marine industry’s business calendar, I am pleased to report on the activities of the Ship Operations Cooperative Program (SOCP), which most recently met on the scenic campus of the Massachusetts Maritime Academy. SOCP — which is a business/government partnership — provides a fresh dialogue among industry players with discussions focused on real-world issues and solutions. June’s meeting featured a number of topics, from alternative fuel technologies to a ferry operator panel, which discussed regulation, training, safety and technology. A more extensive account of the meeting will be found in MR/EN’s August edition, U.S. Report.
