DNV GL Launches LNG Fuel Finder
Just in time for Nor-Shipping, DNV GL will launch the LNG Fuel Finder - a new tool on its LNG business intelligence portal LNGi. The new LNG Fuel Finder service will allow shipowners and charterers to register their interest in using LNG as a ship fuel free of charge, connecting them directly with LNG suppliers. DNV GL has also introduced the option of signing up to a new lean version, where interested parties can access some of LNGi’s services and data free of charge. The question…
China to top Japan as World's Biggest LNG Importer
Pollution fight drives surge in pipeline, LNG imports but Japan remains world's biggest importer of LNG. Beijing's crackdown on pollution has put China on track to overtake Japan this year as the world's biggest importer of natural gas, used to replace dirtier coal. China - already the biggest importer of oil and coal - is the world's third biggest user of natural gas behind the United States and Russia, but has to import around 40 percent of its total needs as domestic production can't keep up with demand.
McMoRan Crosses Main Pass Hurdle
McMoRan Exploration Co. said MarAd approved McMoRan's license application for its Main Pass Energy Hub(TM) (MPEH(TM)) project. MARAD concluded in the Record of Decision that construction and operation of MPEH(TM) deepwater port will be in the national interest and consistent with national security and other national policy goals and objectives, including energy sufficiency and environmental quality. a vital role in meeting national energy requirements for many years to come and that the port's offshore deepwater location will help reduce congestion and enhance safety in receiving LNG cargoes to the U.S. MARAD's approval and issuance of the Deepwater Port license for MPEH(TM) is subject to various terms…
Shell, Rolls-Royce, MAN Ink LNGi Deal
DNV GL’s new LNG intelligence portal (LNGi) aims to bring stakeholders from across the LNG industry together to share market intelligence and contribute to the uptake of LNG as a ship fuel. Leading LNG suppliers and engine manufacturers including, Shell, the Marine division of Rolls-Royce and MAN will be some of the first companies to use LNGi. The portal, which was launched today, allows subscribers to assess the availability of LNG fuel for specific trade routes and newbuild projects.
Cheniere's LNG Program to Begin Accepting Cargo Nominations
Cheniere's North American LNG Gateway Program with issuance of a Request for Proposals to sell to Cheniere up to 200 cargoes per year of liquefied natural gas (LNG) for the years 2008 - 2010. Cheniere's North American LNG Gateway(TM) program will provide global LNG suppliers a direct platform to nominate cargoes into Cheniere's LNG receiving terminals starting with the Sabine Pass LNG Receiving Terminal, which is currently under construction in Louisiana. The LNG Gateway(TM) program will be administered by the recently formed Cheniere LNG Trading & Marketing, Inc. (Cheniere LNG Marketing). Cheniere LNG Marketing will serve as purchaser of the LNG and as marketer of the natural gas to a pool of North American buyers.
Chevron Ships First LNG From Gorgon Project
Chevron Corporation (NYSE: CVX) today announced that its first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia. The cargo will be delivered to one of Chevron's foundation buyers, Chubu Electric Power, for delivery into Japan. The Asia Excellence loading the first Gorgon liquefied natural gas (LNG) cargo for delivery into Japan. The first cargo highlights the company's growing leadership as an LNG supplier.
GAIL Seeks 7 LNG Cargoes
GAIL (India) will buy seven liquefied natural gas (LNG) cargoes for delivery from October 2015 until December 2016, according to the tender document obtained by Reuters. According to preferences and vessel sizes, the deliveries will be split between Dabhol, Dahej and Hazira import terminals. The delivery windows are October-November 15, January-February 16, March-April 16, May-June 16, July-August 16, October 16 and November-December 16. India has already announced its plans to boost LNG imports to raise power generation.
GDF Suez Ships First LNG Delivery to Dubai
GDF Suez has delivered its first cargo in the LNG carrier 'BW GDF Suez Boston' to the Dubai Supply Authority's Jebel Ali Terminal . According to the compamy GDF SUEZ has enlarged its footprint in the Middle East as a major global LNG supplier with the delivery of its first LNG cargo to Dubai. The BW GDF Suez Boston unloaded its 138,000 cu.m capacity cargo to the United Arab Emirates’ sole LNG import terminal, offshore Dubai. Between 2010 and 2016, GDF Suez says it is planning to deliver about 10.8 million tons of LNG to major energy players in Asia (KOGAS, CNOOC, Petronas, Petronet, PTT and GAIL). GDF Suez is one of the few European utilities with the flexibility in its natural gas portfolio to direct volumes to these markets.
LNG for the Maritime Sector Closer to Reality
The European Union will support with over €1.2 million from the TEN-T Program a study aimed at identifying and addressing the potential barriers to the construction and operation of Liquefied Natural Gas (LNG) fueled vessels. The project, which was selected for funding under the 2011 TEN-T Annual Call, will examine the technical requirements, regulations and environmental operation permits that need to be met in order to shift from traditionally fuelled engines to LNG. LNG is rapidly emerging as a cheaper and more environmentally friendly fuel for the maritime sector and its uptake is encouraged by the European Union. Specific aspects related to the manufacturing, conversion, certification and operation phases of a LNG fuelled vessel will be analysed.
DNV-led JIP Proves Feasible
Attractive payback periods from the additional investments required for LNG fuelled shipping, along with no significant legal restrictions hindering development of LNG bunkering in Australia. This is the conclusion of a Joint Industry Project (JIP) focusing on LNG fuelled tugs and OSVs, managed by DNV with nine partners in Australia. The use of Liquid Natural Gas (LNG) as a fuel for ships is seen as one of the options to address the future environmental and commercial challenges in the shipping industry. With proper combinations of bunkering solutions such as tank trucks, permanent tanks and barges in the different ports, efficient LNG bunkering can be established. The partners of the JIP, Australian Maritime Safety Authority (AMSA), BOC Limited (Linde Group), Farstad Shipping Pty.
GLOBAL LNG: Prices Steady in Subdued Market
Asian liquefied natural gas (LNG) prices were steady this week amid limited trading activity. The price of Asian spot cargoes for February delivery was pegged at $6.90 per million British thermal units (mmBtu), in line with the previous week. Traders eyed developments in Nigeria where Eni has declared force majeure on loadings from the country's LNG export plant due to pipeline sabotage. All other suppliers continued to ship, although traders said the pace of loadings had slowed. "There's a slight backlog of vessels, they're not loading as quickly as they normally would," said a trader. Nigeria LNG's export plant at Bonny Island can produce 22 million metric tonnes of liquefied gas a year and has long-term supply contracts with buyers in Italy, Spain, Turkey, Portugal and France.
MAN Cryo to Supply LNG Bunkering for Swedegas
MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with Swedish infrastructure company, Swedegas, to deliver an LNG bunkering facility within the Port of Gothenburg. The new facility will enable vessels to bunker LNG from trucks or containers while simultaneously loading/unloading cargo at two jetties at the port’s Energy Port, dispensing with the need to make a separate refuelling stop. The solution offers increased flexibility for customers and LNG suppliers, and will be open for multiple suppliers.
Bureau Veritas Kick-starts LNG Bunkering
International classification society Bureau Veritas has published a comprehensive set of guidelines on LNG Bunkering, with the aim of speeding adoption of LNG as a ship’s fuel by kick-starting the LNG bunker chain. Jean-Francois Segretain, Technical Director, Marine and Offshore Division, Bureau Veritas says, “We really believe that LNG has great potential as a clean fuel for shipping. But fears over its availability in the bunker chain are holding back owners from adopting it.
Crowley Selects Fuel Supplier for LNG Containerships
Crowley Puerto Rico Services, Inc. has selected Eagle LNG Partners as the liquefied natural gas (LNG)-supplier for the company’s new LNG-powered, Commitment Class ships, which will be delivered in 2017 for use in the U.S. mainland to Puerto Rico trade. To support Crowley’s LNG needs, Eagle LNG will build a natural gas liquefaction plant (LNG plant) offering a capacity of 200,000 gallons per day (87,000 gallons per day initially) in Jacksonville. The state-of-the-art facility is slated to be operational by early 2017.
Bomin Linde, Lithuanian LNG Terminal sign MoU
OSLO, Feb 19 (Reuters) - Lithuania's liquefied natural gas import terminal and Germany's Bomin Linde LNG will work together to develop the use of LNG as marine fuel in the Baltic Sea, the terminal's operator Klaipedos Nafta said on Thursday. Lithuania opened the first LNG import terminal in the Baltic states last December to cut its dependence on pipeline gas imports from Russia. "In close cooperation both companies aim to jointly develop the LNG fuel market including the necessary infrastructure in Baltic Sea," Klaipedos Nafta said in a statement after signing a memorandum of understanding with the German LNG supplier. LNG demand for shipping in the Baltic region is going to increase due to stricter environmental regulations for sulphur content in the fuel.
Chevron Shipping Awards Oil, LNG Contract to GAC
US-based Chevron Shipping Company (CSC) has awarded the Dubai-based GAC Group a global three-year ship agency contract for both crude and LNG vessels. The new agreement secures the provider of shipping, logistics and marine services GAC’s status as Chevron’s exclusive global agent in a partnership that spans more than 20 years, more than 15 of which have seen GAC as its sole global agent. Operations will be overseen by GAC Hub Agency offices in Dubai, Houston and Singapore with support from GAC’s network of offices and approved agents worldwide.
Chevron, SK LNG Trading Ink Deal for LNG Supply
Chevron Corporation today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017. During the time of this agreement, over 75 percent of Chevron’s equity LNG from Gorgon will be committed to customers in Asia. “This agreement is an important step in the commercialization of Chevron’s significant natural gas holdings in Australia…
Skangas Secures Framework Agreement with Statoil
Skangas has entered into an agreement with Statoil for delivery of liquefied natural gas (LNG) fuel for their platform supply vessels (PSV). The LNG will be delivered to several bases along the Norwegian west coast by ship. Skangas will in addition deliver LNG to Statoil’s tugs at Kårstø. The agreement is valid from 1 April 2017 until the end of 2020 with an option for two plus two years. The supply bases are located at Mongstad, Florø (Saga Fjordbase) and Kristiansund (Vestbase).
Egypt Launches Record LNG Tender for 96 Cargoes
Egypt launched the world's biggest tender for liquefied natural gas (LNG) as officials from top energy companies and trading houses converged on Cairo undeterred by new rules that could force them to wait for as long as six months to get paid. After months of speculation and delay, state-run Egypt Natural Gas Holding (EGAS) released tender documents on Sunday bidding to secure 96 LNG shipments in 2017 and 2018, participants in the tender told Reuters. An additional 12 optional cargoes were included in the tender, which EGAS may decide not to award, they said. At a price-tag of several billion dollars, it is the biggest mid-term LNG buy tender ever issued, trade sources said.
Chevron, China Huadian Sign LNG Supply Deal
Chevron Corporation's wholly-owned subsidiary, Chevron U.S.A. Inc., has today signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. When the agreement is finalized, China Huadian Green Energy is expected to receive up to 1 million metric tons per annum (MTPA) of LNG over 10 years starting in 2020. "This is an important step in the commercialization of Chevron's natural gas holdings in Australia and the establishment of our global liquefied natural gas portfolio…
JX Nippon Acquires 10% Stake in Petronas LNG
Malaysia's Petroliam Nasional Bhd (Petronas) and Japanese oil company JX Nippon Oil & Energy (JX NOE) have signed an agreement for the sale and purchase of equity in Petronas LNG 9 Sdn Bhd (PL9SB), say local media. Under the agreement, JX NOE will acquire a 10% stake in PL9SB, a wholly-owned subsidiary of Petronas, owns the ninth LNG liquefaction train within the Petronas LNG Complex in Bintulu, Sarawak, Malaysia. The unit is developing and will run the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak.
Stiff Challenges Await Indian LNG Terminals
India's new LNG import terminals will face major challenges due to price sensitive demand, ICRA said in its latest update on gas utilities sector. "Crowding of regasification terminals could put pressure on utilization levels, regasification charges and returns of new entrants," says ICRA (formerly Investment Information and Credit Rating Agency of India Limited). "Despite high domestic demand-supply deficit, the demand for Regasified-Liquefied Natural Gas (R-LNG) in the country is critically dependent upon the prices of liquid fuels and global spot LNG prices," Icra said.
Tellurian Fixes Maran LNG Carrier
A wholly-owned subsidiary of Tellurian has entered into a six-month time charter contract with Maran Gas Maritime for a liquefied natural gas (LNG) tanker, the Maran Gas Mystras. Tellurian took delivery of the tanker at Galle, Sri Lanka on October 1, 2017. President and CEO Meg Gentle said, "At Tellurian, we are building a global natural gas business and proactively shaping the company to build long term value amid a robust and dynamic market. As winter approaches, we will begin buying and delivering LNG on the Maran Gas Mystras, one of the most efficient vessels in the Maran Gas fleet.