Natural Gas News

Canadian operator Société des traversiers du Québec (STQ) has taken delivery of MV Armand-Imbeau II, a new environmentally friendly, 92-meter-long ferry built by Chantier Davie Canada.The new vessel will operate on liquefied natural gas (LNG) fuel, enabling STQ - Québec Province ferries operator - to minimize the environmental impact of its operations. The decision is also in line with the Québec’s Maritime Strategy, which seeks to protect the integrity of the province’s river and marine ecosystem.Wärtsilä…

Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural gas (LNG) terminal.A sales and purchase agreement would boost the chances that Pieridae Energy would decide to build the C$10 billion ($7.6 billion) Goldboro project, which would be the first LNG export terminal on Canada's East Coast.Canada is rich in oil and gas but has yet to export major shipments of LNG to Asia from its West Coast or across the Atlantic from its East Coast."Under the term sheet with Pieridae Energy…

The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive.In talks to urge Trump to drop hefty new tariffs last month, the EU's chief executive Jean-Claude Juncker agreed to work to increase imports of U.S. soybeans and LNG to the bloc.The EU has long worked to diversify away from relying on Russia for almost 40 percent of its gas needs by developing LNG infrastructure to access other suppliers like the United States.Whether U.S.

The average contract price for spot liquefied natural gas (LNG) cargoes for shipment to Japan last month hit a five-month high of $10.00 per million British thermal units (mmBtu), Japan's trade ministry data showed on Thursday.Asian spot LNG prices held around $10 last month as a heatwave gripped Japan and high temperatures swept across South Korea and parts of China, boosting cooling demand.The average price of spot LNG cargoes that arrived in Japan last month was $10.30 per mmBtu.METI surveys spot LNG cargoes bought by Japanese utilities and other importers…

Significant moments in naval architecture & marine engineeringOn October 16, 2015, U.S. shipbuilder General Dynamics NASSCO delivered the world's first liquefied natural gas (LNG) powered containership, Isla Bella, to domestic ship owner and operator TOTE Maritime. The 764-foot-long Isla Bella and its sister ship Perla del Caribe currently serve the Florida-Puerto Rico trade.Today, LNG continues to pick up steam across the industry. In November 2017, French carrier CMA CGM announced that its nine new 22…

China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.In the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions, Washington is set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23.In a statement on its official website late on Wednesday, China's commerce ministry criticised the U.S.

Kawasaki Kisen Kaisha (“K” Line) and Tokyo Century Corporation held the naming ceremony for the newly-built liquefied natural gas (LNG) carrier for JERA Co at Sakaide Shipyard of Kawasaki Heavy Industries (KHI).The new vessel was given her name “Enshu Maru” by Chairman of the Board of Directors Akihisa Mizuno of Chubu Electric Power Co., Inc. “Enshu Maru” comes from the name of an old district in western Shizuoka Prefecture named “Tohtoumi” which is part of the service area of Chubu Electric Power Co.…

Russia’s PAO Novatek has launched a second liquefied natural gas (LNG) production train at its plant on the Yamal peninsula ahead of schedule.Russia's largest independent natural gas producer announced that "Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the first…

China's Ministry of Transport said on Friday it is soliciting feedback from oil companies, shipowners' and port associations, and marine authorities for a plan to use liquefied natural gas (LNG) as a marine bunker fuel.China will expedite the planning and siting of key berths for LNG tankers in the Bohai Bay area of northern China, as well as along its main rivers, the ministry said.The ministry has asked companies and agencies to give feedback by Aug.

The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced from the second high-tech production line at the Yamal LNG plant.August 08 marked the launch of the second production train at Yamal LNG, which happened six months ahead of schedule.Pskov is a state-of-the-art Atlanticmax LNG carrier with a cargo capacity of 170,000 cubic metres. She was built to order for Sovcomflot Group in 2014, to transport LNG under a long-term time charter agreement with Gazprom.

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, announced that it has welcomed Mexico-based LNG company Enestas to its membership coalition.With the addition of Enestas, the SEA\LNG coalition bolsters its efforts to drive forward LNG as a marine fuel, and to progress its vital role as a viable solution in the energy transition within shipping.As the largest private LNG company in Mexico and with the largest LNG distribution network…

Global FPSO Market is anticipated to witness growth of 19% and exceed USD 115 billion by 2024. Rising demand of hydrocarbons and increase drilling activities for exploration and production will drive the industry growth.Increase in the conversion of vessel to FPSO to augment the productivity and minimize the capital expenditure may complement the business growth, said a report from Global Market Insights.Converted FPSO market is witnessed to grow over 18%. Comparison with new built…

Spanish ferry company Baleària has decided to buy Visemar One, a 2010-built RoRo/passenger ship which has been part of the company’s fleet for seven years."Baleària has just invested close to 55 million euros (USD 62.4 mln) in the acquisition of the vessel Visemar One , which has been sailing for the company for seven years. With this purchase, the fleet of boats owned by Baleària reaches 26 units out of a total of 30," said a press release from the company.The ferry Visemar One was launched by the company in 2011 on the Barcelona-Palma route, and currently operates between València and Palma.

Rolls-Royce has been delivering energy storage systems for ships since 2010, but the actual energy storage units were previously supplied by an external party. The company announced today it is launching its own lithium-ion based energy storage system.Energy storage can be a major green investment for a ship owner, with maximized returns when the system is correctly dimensioned for the specific ship, and includes intelligent power control.Rolls-Royce said its new SAVe Energy liquid cooled battery system is cost competitive…

Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions. This will be enforced…

The International Maritime Organization (IMO) has announced its targets of cutting greenhouse gas emissions from global shipping in half by the year 2050, and to make ships entirely CO2-neutral before 2100. But long before that, the so-called sulphur cap will take effect: From 2020 all oceangoing ships must run on fuel that contains no more than 0.5 per cent of sulphur. According to estimates by classification society DNV GL, up to 70,000 ships will be subject to this requirement.

Harvey Gulf announced the successful completion of liquefied natural gas (LNG) trials for the Conrad-built 2,200 cubic meter bunkering barge, Clean Jacksonville, using Harvey Gulf’s LNG Bunkering Facility in Port Fourchon, La.The box shaped barge arrived 15 days ago to the Harvey Gulf LNG terminal where Harvey’s LNG staff developed terminal specific procedures for review and approval by USCG. These procedures outlined the safe and efficient means of loading and receiving LNG for the trials on the bunker barge.

LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020.These regulations are the biggest of a series of steps by the International Maritime Organisation (IMO) to reduce marine pollution (MARPOL) in response to the threat of climate change.The LSF2020 emission regulations mean ships will have to significantly reduce emissions on the high seas as well as in coastal areas. This change does not only concern Hapag-Lloyd but it challenges the entire shipping industry.

China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess.China included LNG for the first time in its list of proposed tariffs on Friday, the same day that its biggest U.S. crude oil buyer, Sinopec, suspended U.S. crude oil imports due to the dispute, according to three sources familiar with the situation.On Friday, China announced retaliatory tariffs on $60 billion worth of U.S.

Malaysian state-owned oilcompany Petroliam Nasional Bhd (Petronas) through its subsidiary, Malaysia LNG (MLNG) delivered its first liquefied natural gas (LNG) cargo to Japan's Hokkaido Electric Power on August 1st, 2018.This delivery marks the beginning of MLNG's supply to Hokkaido Electric via a 10-year Sale and Purchase Agreement (SPA) signed on 2 March 2017.Hokkaido Electric will be utilising the cargo for the commissioning of its LNG tank at Ishikari Terminal. The cargo was delivered from Petronas LNG Complex in Bintulu…

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…

Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…

U.S. liquefied natural gas company Tellurian Inc said on Wednesday it remains on track to begin construction of its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Tellurian President and CEO Meg Gentle said in the company's second-quarter earnings release that Tellurian is on schedule to announce its partners in the Driftwood project in the third or fourth quarter.Driftwood is one of more than two dozen LNG export projects under…