Liquid Natural Gas News

08 Sep 2019

Gazprom Neft, USC Join for LNG Project

Pic: Gazprom Neft

Russian oil producer Gazprom Neft, Gazprom gas-engine fuel, and the United Shipbuilding Corporation (USC) have concluded a tripartite cooperation and strategic partnership agreement on developing a liquid natural gas (LNG) fleet and related infrastructure.The memorandum was signed by Gazpromneft Marine Bunker Acting CEO Alexei Medvedev, Gazprom gas-engine fuel, Director General Oleg Melekhin, and USC President Alexey Rakhmanov.The agreement envisages the parties cooperating in research and development activities directed at creating production capacity both for building vessels running on LNG…

30 Aug 2019

UPM to Charter 7 LNG-fueled Newbuilds

Image: UPM Global

Helsinki-headquartered UPM Logistics says that it has entered into a long-term charter agreement with the Finnish Bore Ltd and the Dutch Wijnne Barends, both affiliates of the Dutch Spliethoff Group.Together, the companies will design and build seven state-of-the-art vessels for sustainable sea transportation for UPM in Europe.“This arrangement is a consistent step in UPM’s logistics strategy. It will safeguard a sustainable, competitive and reliable shipping solution for our businesses and customers on long term…

30 May 2019

Global LNG Trade Continues to Increase

Pic: Höegh LNG

Höegh LNG Partners, a provider of floating liquid natural gas (LNG) services under long-term contracts, said that with new LNG production facilities in the US and around the world coming on stream, global LNG trade continues to increase.This, together with competitive LNG pricing and environmental arguments, are driving interest in FSRUs world-wide, said the company which owns and operates floating storage and regasification units (FSRUs) which act as floating LNG import terminals.

29 May 2019

Brittany Ferries Extends Contract with Portsmouth

Image: Portsmouth International Port

U.K.'s Portsmouth International Port's relationship with major European ferry operator, Brittany Ferries, has been strengthened following the announcement of an additional five years to a joint long-term agreement.This means Brittany Ferries is committed to Portsmouth until the end of 2031, during which time a further three ships will join the current fleet serving routes from the city. Alongside the Honfleur, Brittany Ferries' state-of-the-art environmentally friendly ship powered by Liquid Natural Gas (LNG)…

24 May 2019

Seaspan Orders Two LNG Battery Hybrids

Image: Seaspan Ferries

Canada's Seaspan Ferries will add two new Liquid Natural Gas (LNG) - battery hybrid ferries to its fleet in 2021.The vessels will be constructed by Damen Shipyards Gorinchem B.V. at their Mangalia Shipyard in Romania, said a press release from the marine transportation services provider.With construction scheduled to begin in 2019, the vessels are expected to go into operation in 2021. They will join the Seaspan Swift and the Seaspan Reliant, the company’s first hybrid ferries…

23 May 2019

Saudi Aramco to Buy LNG from US

Image: Sempra Energy

Saudi Arabia’s state owned oil company Saudi Aramco will buy 5 million tons of liquid natural gas per year(LNG) from the U.S. company Sempra Energy, based in San Diego under a 20 year agreement.The heads of agreement (HOA) between the companies anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for five million tonnes per annum (Mtpa) of LNG offtake from Phase 1 of the Port Arthur LNG export-project under development.

02 May 2019

Senator Cassidy: No Jones Act Waiver

A Republican U.S. senator on Wednesday said President Donald Trump will not waive rules requiring that only U.S.-flagged ships move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Republican senators said the administration was seriously considering waiving the requirements for 10 years. Bloomberg News reported last week that Trump was leaning in favor of some kind of waiver.Senator Bill Cassidy, a Louisiana Republican, told reporters on a conference call that Trump told Republican lawmakers he would not support a waiver.

01 May 2019

Keel Laying for Ohana Class Containerships

Pic: The Pasha Group

The ceremonial keel laying for M/V George III and the cutting of the first steel plates for M/V Janet Marie - two Liquefied Natural Gas (LNG) fueled containerships  was held t at Brownsville, TX-based Keppel AmFELS.Upon completion, both 774-foot U.S. Jones Act vessels will join Pasha Hawaii’s fleet, serving the Hawaii/Mainland trade lane.Delivery of the ‘Ohana Class vessels—named in honor of the late parents of The Pasha Group President and CEO George Pasha, IV—is expected in 2020.“Construction of the new vessels continues to progress on schedule,” said George Pasha, IV.

30 Apr 2019

Trump to Meet with GOP Senators on Jones Act

The El Coqui, a U.S. flag ConRo carrier, recently built specifically for the Jones Act Caribbean trades and powered by environmentally friendly LNG. CREDIT: Crowley Maritime

President Donald Trump is set to meet with Republican senators on Wednesday over a proposal to waive rules that only U.S.-flagged ships can move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Bloomberg News reported last week the administration was seriously considering waiving the requirements for some energy shipments and that Trump…

28 Feb 2019

LNG Only Fills Niches in Europe

Pic: Wintershall Holding GmbH

Although LNG (Liquid Natural Gas) provides a solid supplement to European gas supplies, the EU is and will remain a pipeline market – for good reasons, said Wintershall's new position paper.The report from Germany's largest crude oil and natural gas producer on the importance of liquid gas for Europe said that the liquefaction is highly energy-intensive – the energy consumption corresponds to about 13% of the gas transported.With an energy loss of less than five percent, pipelines are much more energy-efficient. Another argument for pipeline gas lay in its lower costs.

14 Dec 2018

Thun's Green Tanker on Preem Lease

Pic: Thun Tankers

Swedish coastal shipping company Thun Tankers  to name the new, environmentally adapted tanker “Thun Evolve” in Groningen, Holland today (Saturday).The tanker will be long-term leased by Preem for deliveries to the company’s depots and customers in Sweden, Norway and Denmark, said the shipping company. The ship will be delivered to Preem at the end of March.The vessel, built in the Netherlands, is a welcome addition to the company's commitment to safer, efficient and sustainable maritime transport…

06 Dec 2018

Guangzhou Launches World's First Icebreaking LNG Tanker

Images by Chinese State Media

The world's first liquid natural gas (LNG) carrier tanker was named 'Boris Sokolov' and delivered by Guangzhou Shipyard International in Guangzhou City.According to Chinese state media, the Arctic condensate tanker carrier designed to traverse the world's icy northern polar region.With a load capacity of 44,550 tons, the vessel, which is built for for Dynacom of Greece, can sail in the Arctic region without icebreaker-piloting, it said. The vessel is mainly used for transporting condensate oil for the Yamal LNG project in northwest Siberia…

19 Nov 2018

BIMCO Eyes Asia with New Gas Contracts

File Photo: BIMCO

Baltic and International Maritime Council (BIMCO) will begin work on two gas-related contracts in early 2019, an LNG (Liquid Natural Gas) Bunker Purchase Contract and a LPG (Liquid Petroleum Gas) voyage charter party.A press release from the largest of the international shipping associations representing shipowners said that it is planning to develop the new contracts in Asia in an effort to further increase the involvement of its Asian members. Both projects will be developed mainly by experts from the region and managed by BIMCO’s Shanghai office…

06 Aug 2018

Braemar Shipping Services Adds New LNGC 'LNG Schneeweisschen'

LNG Schneeweisschen' Photo: ©Luksa Karaman, Marinetraffic.com

Braemar Shipping Services announced the successful delivery of the 180,000m3 Liquid Natural Gas Carrier (LNGC) called “LNG Schneeweisschen” from Daewoo Shipbuilding & Marine Engineering (DSME), South Korea, as part of the ongoing LNGC newbuilding project between Uniper Global Commodities SE (Uniper) and Braemar.The international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries said that the vessel has been built for Japan based owners…

21 May 2018

LNG is the Bridge to ‘Zero Emissions’ Shipping

(Photo: Skangas)

The advent of industry wide tightening of allowable sulfur emissions is getting nearer. Suddenly, with the deadline now little more than one year away, the countdown clock will very soon be ticking much louder. Simply stated, the cap on allowable sulfur content in marine fuels, presently at 3.5 percent in many geographical regions, will be reduced to 0.5 percent in January 2020. The 0.1 percent sulfur cap, already in effect since 2015 in coastal Emissions Control Areas (ECAs) in Europe and North America…

19 Apr 2018

Wärtsilä: Maintenance Pact for Viking Grace

(Image: Wärtsilä)

Wärtsilä and Viking Line signed an Optimized Maintenance agreement for the Wärtsilä LNGPac system onboard passenger ferry Viking Grace, significant in that it is the first Optimized Maintenance agreement ever made for Wärtsilä LNGPac, a complete gas handling system for ships fueled by liquefied natural gas (LNG). Viking Grace was the first passenger ferry to useLNG as a fuel source. The agreement also includes Condition Based Maintenance (CBM) and online support for the Wärtsilä LNGPac system.

16 Apr 2018

TechnipFMC Grabs BP FPSO Design Contract

FPSO. Photo: TechnipFMC plc

UK-based TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG (liquefied natural gas) project located offshore on the maritime border of Mauritania and Senegal. The agreement between the two companies provides a mechanism to allow a transition of the contract to an Engineering, Procurement, Construction and Installation (EPCI) contract at a later stage.

15 Mar 2018

Emissions Regulations: 'It's Not Easy Being Green'

(Photo: Robert Kunkel)

Nor is it getting any easier to understand when, how and why to comply. Whether your marine operation is a major corporation or a family “mom and pop” company, the type of fuel you now burn or for that matter what emanates from your stack each day after the burn has now become a major source of confusion. As Kermit the Frog once said, we will now know what its like to be green. Some believe the discussion is a new subject. It is not. Those of us that work the oceans, rivers and sounds for a living always had a concern of how much fuel we burn and what the quality of that fuel was.

13 Mar 2018

BP Selects McDermott, BHGE for Subsea Contracts

Photo: McDermott International, Inc

McDermott International and Baker Hughes (BHGE), a GE company  announced the selection of front-end engineering design (FEED) studies in advance of a substantial engineering, procurement, construction and installation (EPCI) contract for BP’s Tortue/Ahmeyim Field Development, a major gas project located on the maritime border of Mauritania and Senegal. During this initial engineering phase, McDermott will work on defining the subsea umbilicals, risers and flowlines (SURF) scope for the project, while BHGE will focus on the subsea production system (SPS) scope.

13 Feb 2018

MISC Profit Plunges

LNG Vessel - Seri Alam. Photo: MISC Berhad

Malaysia International Shipping Corporation Berhad (MISC)'s net profit plunged 87.1% to RM 68.2 million (USD 17.36 mln) for the fourth quarter ended December 31, 2017 compared with RM 529.8 million (USD 134.88 mln) in the previous corresponding period. MISC said the oversupply of tonnage and cut in global oil production by OPEC in 2017 will continue to weigh on the petroleum shipping segment in 2018. However, a smaller order book for tankers and robust oil demand projections amidst declining global crude inventory will help improve tanker supply-demand balance.

09 Oct 2017

LNG Market to Reach USD 20.6 bln by 2025

Phone: Exxon Mobil

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.

13 Jul 2017

Höegh LNG, RMU Sign MoU on LNG Capacity Building

Photo: Höegh LNG

The Regional Maritime University in Ghana (RMU) has signed a Memorandum of Understanding (MOU) with Höegh LNG, a major player in the LNG segment of the maritime industry, for the support and maritime capacity development for both RMU and Ghanaian seafarers. Quantum Power Ghana is also party to the MoU, which was signed 16 June 2017. Höegh LNG is one of the world's leading providers of floating liquid natural gas (LNG) infrastructure services. Using a new, purpose built Floating Storage and Regasification Unit (FSRU) provided by Hoegh LNG…

17 May 2017

Oregon County Won't Block LNG Terminal

File Image: Credit QGTC

A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed, would have banned transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Around 76 percent of votes were cast against the measure, with 24 percent in favor, according to unofficial results posted on the Coos County government website late Tuesday.

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