Natural Gas News

European contractor Vinci Construction has been awarded  contract to build a 225,000 m3 liquefied natural gas (LNG) tank in Canada.The Joint Venture composed of Entrepose Contracting and Vinci Construction Grands Projets, said in a release that the contract, which covers the engineering, procurement and construction (EPC) of the tank, is worth CAD $400 million (about US$306 million).“The strong co-operation between Entrepose Contracting and Vinci Construction Grands Projets has a unique track record of construction in harsh climates.

Japanese shipowner Mitsui O.S.K. Lines (MOL) said that its liquefied natural gas (LNG) carrier 'Energy Advance' rescued a castaway in the Pacific Ocean about 970km off Luzon Island in the Philippines.The vessel was underway from the port of Ogishima, Japan to Dampier, Australia on July 1 when it received a rescue request.The rescue assistance request was issued by the Guam Rescue Coordination Centre, it said.The LNG carrier rushed to the scene and at around 11:10 the same day…

Oslo-based TMC Compressors of the Seas (TMC) has signed a deal to deliver its energy efficient marine compressed air systems to two new cruise vessels Tersan Shipyard is building for Norwegian shipowner Havila Kystruten. TMC has not disclosed the value of its contract. Its scope of work is to deliver a complete marine compressed air system consisting of energy efficient instrument air compressors and air dryers, to each of the two newbuild cruise ships – the Havila Capella and Havila Castor.Powered by liquefied natural gas (LNG) and batteries…

Qatari liquefied natural gas (LNG) company Qatargas has set another milestone as it successfully delivered the 3,000th LNG cargo to Japan.The cargo was transported onboard Al Jasra, a conventional LNG vessel with a capacity of 135,000 cubic meters. The cargo was delivered to the Kawagoe LNG Receiving Terminal, owned and operated by JERA. The first ever Qatari shipment was delivered to Kawagoe LNG Receiving Terminal on 10th January 1997.Commenting on this achievement, Saad Sherida Al-Kaabi…

The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024, dislodging current market leaders Australia and Qatar, Jean-Baptiste Dubreuil, senior natural gas analyst at IEA, said on Tuesday.He was speaking at a presentation sponsored by Columbia…

Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry. With the allure of a zero emissions fuel, a number of ship owners are starting to seriously consider hydrogen for newly built vessels. As a bold first step, the country of Norway has provided a number of grants to leading maritime companies to conduct feasibility studies into various aspects of this emerging technology sector.

U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement (BSEE).Workers also were returning to the more than 280 production platforms that had been evacuated.

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.ABS will provide plan review, survey, inspection and other classification services for vessels, machinery and equipment as well as assist with managing the requirements for foreign flag carriers calling at U.S.

A recently released study confirms that liquefied natural gas (LNG) as a marine fuel is the most financially effective  for Pure Car and Truck Carriers (PCTC) on Atlantic and Pacific trade lanes.SEA\LNG, the multi-sector industry coalition, created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel,  has released an independent study showing that LNG as a marine fuel delivers the best return on investment and is a competitive option for newbuild PCTC.Peter Keller…

Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial deliveries of  LNG gas to Uniper to start between November 30, 2024 and May 31, 2025, and the extension of the deadline to make a positive financial investment decision (FID) for the company’s proposed Goldboro LNG facility to September 30, 2020.The 20-year agreement with Uniper is for half the liquefied natural gas…

Hyundai Samho Heavy Industries Co (HSHI), the Korea supplier of ship, tanker ship, bulk carriers ship, container ship, LNG ship, said it has clinched a deal to build two bulkers fueled by liquefied natural gas (LNG).According to a Yonhap report, under the deal with H-Line Shipping Co., a midsize South Korean shipper, Hyundai Samho will build two 180,000-ton vessels, which will be used on a route between South Korea and Australia starting in 2022.HSHI has not revealed the value of the deal…

The global LNG bunkering market was valued at approximately USD 397.70 million in 2017 and is expected to generate revenue of around USD 11899.60 million by the end of 2024, growing at a CAGR of around 59.4% between 2018 and 2024.LNG bunkering is experiencing the highest growth rate in developed as well as developing countries, said a report by Zion Market Research.Escalating number of vessels using LNG owing to the need for cleaner fuels in compliance with the stringent government…

Hybridization in the marine world is transitioning from the latest fad to a key part of vessel design and retrofits. Driven in part by a demand for increased efficiency and new waves of global legislation, hybridizing or electrifying a vessel is quickly becoming necessary for organizations. In fact, the International Maritime Organization (IMO) rules and guidelines for the marine industry call for reduced emissions globally, and some ports around the world have established ambitious…

The Russian natural-gas company Novatek and Atomenergomash, a mechanical engineering division of the Rosatom State Corporation, have signed a memorandum on strategic partnership and localizing the fabrication of critical equipment for liquefied natural gas (LNG) production.Novatek said that under the memorandum, the two companies will cooperate in the long term to localize the fabrication of pumps, heat exchangers and other equipment for Novatek's LNG projects at Atomenergomash's…

The port of Rotterdam could recently boast a European first: a ship bunkered LNG (liquefied natural gas) while transhipping containers at the same time.The largest port in Europe, located in the city of Rotterdam, Netherlands said in a press release that this major step in the sector-wide acceptance of LNG as a transport fuel for shipping was taken by Containerships Nord.The procedure, known as simultaneous bunkering, allows ships to significantly cut their port call times. The operation took place at the RST terminal at Prins Willem Alexanderhaven in Rotterdam.

Nakilat said for the first half of the year ended June 30, 2019 that it achieved a net profit of $130 million compared to $122 million during the same period in 2018, an increase of 7%.Nakilat’s financial performance is driven by the acquisition of two additional Liquefied Natural Gas (LNG) carriers and one Floating Storage Regasification Unit (FSRU) in 2018 is among the main attributes to the positive financial results, as well as the increased volume of projects at Nakilat’s…

French shipping company  Brittany Ferries has named new ships as Kerry and Santoña and promised significant CO2 savings from fleet renewal plans.Kerry will be the name for the one-year charter vessel arriving in November 2019. As previously announced, this ship will cover the Cork to Santander route from November 2019 to November 2020.Santoña (pronounced Santonia in English) has been chosen for the company’s third E-Flexer class ship. To be chartered from Stena, Santoña is part of the company’s €550 million fleet renewal program…

Now that the United States finally can envision steady winds blowing from the Atlantic Seaboard due to a pipeline of offshore wind farms on the horizon, the maritime industry can finally step up and earn some of the benefits. This includes shipbuilding, port construction, and worker training. This article reviews the key developments and forecasts the growth in maritime jobs.The federal and state governments share responsibility for developing offshore wind farms and bringing the wind into the power grid and…

With the world's largest dry cargo ships coming out of service for refits to comply with tougher rules on emissions, charter rates are expected to remain strong, a top Cargill executive said, after posting 7-fold gains already this year."There are a lot of ships - especially on the capesizes - that will go into scrubber fitting which basically means they will be out of service for at least 25 days each to do so," Jan Dieleman, president of trading firm Cargill's ocean transportation business…

SEA\LNG, a multi-sector industry coalition, created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has announced that the Port of Virginia has become the first port in the US to join them.A press release from the LNG body quoted Peter Keller, Chairman, SEA\LNG, as commenting: “We’re very pleased to welcome the Port of Virginia as our first US port member. The US has vastly increased its LNG export capacity since the industry really took flight in early 2016, inspiring development in LNG bunkering capabilities on the East and West Coasts.

American multinational company McDermott International and its joint venture member Chiyoda have reached an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana.McDermott and Chiyoda are providing the engineering, procurement and construction for the first three liquefaction trains at the Cameron LNG export project.Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a…

A liquefied natural gas (LNG) tanker carrying a cargo from the Yamal LNG plant has spent this week making its way through Arctic waters north of Russia towards Asia, marking the first voyage of the 2019 summer season across the Northern Sea Route.The Vladimir Rusanov, an Arc7-classed LNG tanker that can plough through semi-cleared waters, left the Sabetta port on June 29 and is in the Chukchi Sea close to the Bering Strait, Refinitiv Eikon shipping data showed on Friday.The route…

Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving Containerships’ operational efficiency and highlighting the Group’s leading role in the energy transition of the shipping industryOn July 4th, 2019, Containerships successfully carried out SIMOPS bunkering on its LNG-powered CONTAINERSHIPS NORD vessel in the Port of Rotterdam.