NYK Charters 2 LNG Carriers for Freeport LNG Project
Two joint-venture companies that NYK has established with Chubu Electric Power Co. Inc. each concluded a time-charter contract for a new liquefied natural gas (LNG) carrier with Chubu Electric Power Co. Inc. In addition, one of the joint-venture companies, Trans Pacific Shipping 6 Limited, concluded a shipbuilding contract with MI LNG Company Limited,* and other joint-venture company, Trans Pacific Shipping 7 Limited, concluded a shipbuilding contract with Kawasaki Heavy Industries Ltd. These new ships will be managed by NYK after being delivered in 2018 and assigned to transport LNG for a 20-year period from the Freeport LNG Project, in which Chubu Electric Power Co. Inc. has an equity interest.
Gas Natural Fenosa, Baleària Sign LNG Bunkering Deal
Spanish liquefied natural gas (LNG) operator Gas Natural Fenosa signed an exclusive 10-year LNG supply deal with Spanish ferry operator Baleària. According to the company release, the supply contract will initially apply to the ports of Barcelona, Valencia and Algeciras, then extended to all the peninsular ports operated by the shipping company together with the entire new fleet powered by this fuel committed to using LNG as an ecological fuel. The president of Baleària, Adolfo Utor…
Exmar, Golar Mull Possible LNG Merger
Exmar, the tanker division of Belgian shipping company CMB is reportedly in talks with Norway's Golar LNG to merge their liquified natural gas activities. It was reported that Exmar director Nicolas Saverys said the new LNG company would have assets worth $500 million. "We are in detailed negotiations with (John) Frederiksen (Golar LNG's shipping magnate owner) about bringing our LNG activities into a new joint venture," Saverys was quoted as saying. While no details were given on the shares of the ownership of the new company, he said he hoped the merger would be completed in the next two weeks and lead to a listing of the new company on a U.S. stock exchange.
Elengy LNG Trans-Shipment at Montoir-de-Bretagne
Elengy, a unit of the French energy company and LNG player Engie, said that the LNG receiving terminal in Montoir-de-Bretagne, managed by the company, has just performed a new generation LNG transshipment. The ice-class LNG carrier Fedor Litke (170 000 cm capacity) has delivered to the LNG Jurojin (155 000 cm capacity) an LNG cargo the size of the yearly gas consumption of a city like Nantes. This was done safely during an twin call thanks l. The LNG was transferred through the cryogenic pipelines linking directly the two berths, without going through the terminal’s tanks.
Mustang Engineering and Wood Group awarded US Patent
Mustang Engineering, a wholly owned subsidiary of international energy services company John Wood Group PLC, and Wood Group, have been awarded U.S. patent 715 5917 for a proprietary process to convert liquefied natural gas (LNG) into natural gas, according to Oilonline. This technology, marketed as the LNG Smart Air Vaporization (SAV) process, uses a closed-loop intermediate fluid circulating through fin-fan heat exchangers to extract heat from ambient air to vaporize LNG from its cryogenic state at - 260°F back to pipeline temperatures for transporting and storage. When compared with the more traditional submerged combustion vaporization technique…
MISC Signs Charter with Yemen LNG
MISC Bhd has secured two long-term charters for its LNG carriers with Yemen LNG Company (YLNG) for the transportation of the commodity from Yemen to the US and Mexico, according to a report on www.theedgedaily.com. Under the charter party agreement, MISC will provide two 157,000 cu. m. LNG carriers to YLNG for the shipment of LNG from Balhaf in Yemen to Total Gas & Power Ltd facilities at Sabine Pass, Louisiana and Altamira in Mexico. The duration of the charter parties is 20 years each with the option to extend for one plus five, plus five years (1+5+5 years), MISC said in a statement. The LNG carriers under construction in Japan now were scheduled to be delivered in the first quarter of 2009 and start operations between April and September the same year.
Sir Frank Chapman Appointed Golar's Chairman
Golar LNG Limited announced that with effect from September 19, 2014, Sir Frank Joseph Chapman has been appointed to the Board of Directors of the Company and will act as the Company's Chairman. Sir Frank Chapman has worked 40 years in the oil and gas industry culminating in a twelve-year period as Chief Executive of BG Group plc. Under Sir Frank's leadership, BG Group grew from the modest UK-based Exploration and Production interests of the old British Gas into an international integrated oil and gas major. Operating profits grew from some $50 million in 1996 to more than $8 billion in 2012.
NYK to Jointly Own LNG Carrier for Cameron Project
NYK, the Mitsubishi Corporation (MC), Toho LNG Shipping Co., Ltd. (Toho LNG Shipping), and Tohoku Electric Power Co., Inc. (Tohoku Electric Power) will participate in the joint ownership of a new liquefied natural gas (LNG) vessel for the Cameron LNG project in the U.S. through the jointly owned company Diamond LNG Shipping 3 Pte. Ltd. (DLS-3). In December 2015, MC reached agreement on a shipbuilding contract with MI LNG Company Limited in addition to a heads of agreement for time-charter party with Diamond Gas International Pte.
Iran to Join LNG Club
Iran is projected to officially join the LNG Exporters Club in the next two years, managing Director of National Iranian Oil Company Rokneddin Javadi was quoted as saying by Mehr News Agency. Establishing new LNG production units instead of constructing pipeline tops Iran's agenda for transferring gas to Europe, since economic calculations reveal LNG production is more economically efficient give the market's current state, he said. Currently, natural gas transmission through pipelines for a distance over 2500 km is not technically or economically profitable, Rokneddin said.
Qatargas, RWE Ink SPA Deal for LNG Deliveries
Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North West Europe for seven and a half years. Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors, said: “Qatargas is committed to providing reliable, clean energy to consumers all over the world.
Japanese Joint Venture on LNG Carriers
Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding jointly establish the MI LNG Company, Limited. Through establishment of the JV, the two companies aim to proactively prepare a structure capable of responding to large-scale LNG carrier construction projects, which are expected to increase in tandem with expanding global demand for LNG. By combining MHI's technology development capabilities and Imabari Shipbuilding's cost competitiveness, supported further by the effective management of their respective shipyards…
NYK Orders Three LNG Carriers
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers, the company said in its press release. The ships will haul gas from the Cameron LNG (liquefied natural gas) project in Louisiana in the US to Asia, primarily Japan. These new ships will be delivered in 2018 and assigned to transport LNG for the Cameron LNG Project in the U.S.
Kitimat, EOG Resources Canada Sign MOU
Kitimat LNG Inc. announced that it has signed a memorandum of understanding (MOU) with EOG Resources Canada (EOG) to supply natural gas to Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal in Kitimat, B.C. Pursuant to the MOU, Kitimat LNG and EOG are proceeding to negotiate a definitive agreement under which EOG would supply specific quantities of the LNG facility’s 700 million cubic feet per day of natural gas feedstock. “EOG’s participation in our project reinforces the fact that business and natural gas fundamentals support our LNG terminal,” said Rosemary Boulton, President of Kitimat LNG. EOG is the first producer to sign an MOU with Kitimat LNG.
Andreas Silcher Negotiates LNG Carrier Contracts
Partner Andreas Silcher in Haynes and Boone’s London office represented TMS Cardiff Gas in its contract with Hyundai Heavy Industries of Korea (HHI) for the construction of one 174,000 cubic meter LNG carrier with XDF propulsion, plus an option for a second vessel. In a press release, TMS Cardiff Gas called the order the first in the company’s X Carrier Series of orders, which expands the company’s fleet of managed vessels to 10. The vessel is scheduled for delivery in 2020, when she will enter into a seven-year time charter contract with TOTAL Gas & Power Chartering, Limited.
Qatar Merges State-Owned LNG Producers
Qatar, the world’s largest liquified natural gas producer, announced it is to merge state-owned Qatargas and RasGas to create a “truly unique global energy operator”, says an AP report. The country is merging its two government-controlled LNG companies to streamline distribution of the fuel as the OPEC nation grapples with a slump in energy prices. The announcement was made at a press conference held at QP headquarters in the presence of representatives of the main international shareholders in both companies including ExxonMobil…
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…
Socgen Joins SEA\LNG
French multinational banking and financial services company Societe Generale (Socgen) has joined SEA\LNG, the industry coalition promoting the use of liquefied natural gas (LNG) as a marine fuel. The bank is the first financial institution to join SEA\LNG. Joining a growing band of industry leaders from across the LNG value chain, Societe Generale brings an essential financial perspective to the group which aims to accelerate the uptake of LNG as a marine fuel. Paul Taylor, Global Head of Shipping Finance…
ACP Signs Pact with Lake Charles Port
Agreement meant to capitalize Canal expansion while attracting new LNG customers. The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer. Currently, LNG vessels cannot transit through the waterway due to their beam dimensions, which are too wide to fit the existing locks.
Panama Canal Inks Deal with Lake Charles Port
The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer. Currently, LNG vessels cannot transit through the waterway due to their beam dimensions, which are too wide to fit the existing locks. The agreement will promote cooperation in marketing activities…
Mitsui Orders 2 LNG Carriers from MHI
Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled for completion and delivery in 2018 and 2019, respectively. They will be put into service for the Cameron LNG Project underway in the United States, an initiative in which Mitsui is participating, marking the first order placed to MHI for LNG carriers to transport shale gas. The order for the two LNG carriers was received through MI LNG Company, Limited, a joint venture between MHI and Imabari Shipbuilding Co., Ltd.
PSA Marine to Provide LNG FSRU Services in Bangladesh
Summit Power International (SPI), Singapore, announced that its subsidiary, Summit LNG Terminal has awarded a 15-year contract to PSA Marine Bangladesh, a subsidiary of PSA Marine. Under the contract, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel. The award of this contract marks a significant milestone for PSA Marine and commencement of a long-term partnership with SPI.
MOL Acquires Seafarers Manning Company
Japan's Mitsui O.S.K. Lines (MOL) has announced that MOL acquired 100% of the issued shares of Azalea Maritime B.V. on December 21st, 2017. Azalea Maritime changed its name to "MOL Maritime (Europe) B.V." on January 1st, 2018. MOL will enhance providing top-quality seafarers for MOL-operated LNG carriers and tankers and continue to aim to become a world leader in safe operation. MOL Maritime (Europe) B.V. as a manning company, will continue to support MOL safe operation, while inheriting Azalea Maritime's accumulated experience with European seafarers and know-how of the manning business.
Deltamarin Joins GTT for LNG-Powered Ship Designs
Finnish ship designer Deltamarin, part of AVIC Group, together with France's Gaztransport & Technigaz (GTT), an engineering company involved in membrane containment systems for transport and storage of LNG, has studied the use of membrane-type tanks on cargo and passenger vessels. For quite some time now, Liquefied Natural Gas (LNG) has been an established fuel alternative for short sea shipping routes and also acts as a complementary fuel for longer routes. Deltamarin’s references include various vessels with LNG capabilities…