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Egypt Expected to Resume LNG Exports in December or January
Egypt is expected to resume exports of liquefied natural gas (LNG) in December or January as domestic demand declines during winter and as it receives more gas from Israel, an executive at Italy's ENI said on Tuesday."Consumption in Egypt is reducing and we would expect by December, possibly January, (LNG) exports could resume," Cristian Signoretto, director for ENI's global gas and LNG portfolio,…
Japan: LNG-Powered Coal Carrier Starts Operation
Japan's Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) said Tuesday that a Panamax coal carrier that uses low-environmental-impact LNG as its main fuel was delivered and started operation on November 14.In a naming and delivery ceremony held at the Imari Shipyard and Works of Namura Shipbuilding Co., Ltd., the new vessel was named Reimei.The Reimei, a large LNG-fueled coal carrier…
Inside Wärtsilä’s Sustainable Technology Hub
“If we are to state our strategy in one word, it’s decarbonization,” said Juha Kytölä, director of R&D and engineering at Finnish tech company Wärtsilä. “What we are going toward is to supply the market with a portfolio of products that are ready for zero-carbon fuels.”In order to achieve its sustainability goals—including a 2030 target for carbon neutrality in its own operations—Wärtsilä has been taking big strides in research and development…
Japan's NYK Takes Delivery of Seventh LNG-fueled PCTC
Japan's NYK Line has recently taken delivery of the LNG-fueled pure car and truck carrier (PCTC) Sweet Pea Leader at Tadotsu Shipyard Co., Ltd., a member of the Imabari Shipbuilding Group. This is NYK's seventh LNG-fueled PCTC, with NYK planning to introduce a total of 20 new LNG-fueled PCTCs by 2028 as a bridge-solution to achieve net-zero emissions of greenhouse gas (GHG) by 2050 for the NYK Group's oceangoing businesses."Like NYK's other LNG-fueled PCTCs…
Barossa Project: BW Offshore's Massive FPSO Hull Sets Sail for Singapore
FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration."On October 28, 2023, at 11:30 local time, the newbuild hull for the BW Opal FPSO, which is based on BW Offshore’s RapidFramework concept…
Mideast Conflict Dims Prospect of More Egyptian LNG Exports to Europe
The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports from Israel, Oxford Institute of Energy Studies (OIES) said.Egypt shipped 80% of its liquefied natural gas (LNG) exports to Europe last year as the continent sought to replace Russian pipeline gas after Moscow's invasion of Ukraine.
Van Oord Awarded Offshore Wind Contracts in Baltic Sea and Taiwan
Van Oord has been awarded two new offshore wind projects: Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan. The contracts have a combined value of more than EUR 500 million. Once operational, the two offshore wind farms will deliver renewable energy to approximately 2.5 million households.The Baltic Power offshore wind farm is being developed by a joint venture between ORLEN (Poland) and Northland Power (Canada).
Greek Owners Top Global Cargo Carrying Capacity
BIMCO’s Chief Shipping Analyst, Niels Rasmussen, has revealed that Greek and Chinese shipping companies now own 34% of the global fleet’s cargo capacity, with Greek owners leading on cargo capacity.“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity…
US Working with Allies Over Sanctions on Russian Arctic LNG Project
The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine.
Seaside LNG and Carnival Corporation Partner to Fuel LNG-Powered Cruise Ship in Galveston
Seaside LNG and Carnival Corporation have entered into a term bunkering agreement to fuel the Carnival Jubilee, the first LNG-propelled cruise ship to call Galveston, Texas, its homeport.Seaside’s barge, the Clean Jacksonville, will move from Jacksonville, Florida, to operate out of Galveston and serve the Texas Gulf Coast with its first LNG delivery to the Carnival Jubilee in December 2023. With the assistance of the Port of Galveston…
Japan Says to Ensure U.S. Sanctions on Russia LNG Project Won't Harm Supplies
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer, relies on LNG as a transition fuel before it reaches carbon neutrality in 2050, and has supply contracts and…
FOCUS-How Shipping More US Natural Gas to Europe Helped Fuel CO2 Pollution
Carbon dioxide emissions from U.S. liquefied natural gas facilities have jumped to 18 million tons per year, up 81% since 2019, adding a volume of greenhouse gas to the atmosphere equivalent to that produced by several big coal plants, according to United States government data.They could more than double to 45 million tons per year by the end of the decade as new facilities, encouraged by soaring overseas demand for the super-cooled fuel…
Excelerate Energy Secures Long-Term LNG Deal with Petrobangla, Bangladesh
U.S.-based LNG firm Excelerate Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla). Petrobangla has agreed to purchase 0.85 to 1.0 million tonnes per annum (MTPA) of LNG from Excelerate for a term of 15 years beginning January 2026. Excelerate will deliver 0.85 MTPA of LNG in 2026 and 2027 and 1…
ABS Launches Offshore Structural Health Monitoring Notation
ABS and Singapore-based shipyard Seatrium Limited have achieved the assignment of a structural health monitoring notation for a self-elevating drilling unit (SEDU).ADMARINE 686 is the world’s first SEDU to receive the ABS SMART (SHM) Notation, recognizing its ability to monitor and analyze the condition of a range of key structural elements, supporting physics-based analysis and simulation for a holistic…
Brazil: New Fortress Energy Charters FSRU Energos Winter
New Fortress Energy said Monday it had executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Brazil's Petrobras starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (“TGS”), NFE’s newest LNG import terminal in Santa Catarina, Brazil, which will start commercial operations ahead of schedule…
Finland Receives LNG Cargo, Books More for the Winter
A tanker carrying liquefied natural gas (LNG) docked at Finland's Inkoo terminal on Sunday and has begun unloading, energy company Gasum said on Monday, the second cargo to arrive since the damage last month to a Finnish-Estonian pipeline.The Arctic Princess, carrying natural gas from the Arctic Hammerfest LNG plant, had been expected to arrive at Inkoo during the weekend, shipping data showed on Friday.The delivery amounted to about 400 gigawatt hours of energy…
Sinopec Signs 27-Year LNG Supply Deal
State-owned Chinese firm Sinopec signed a new 27-year LNG supply and purchase agreement with QatarEnergy, the two companies said on Saturday.Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state's North Field expansion project, which will supply 3 million metric tons of LNG per year to Sinopec.A partnership agreement was also signed under which QatarEnergy will transfer a 5% interest to Sinopec in a joint venture company that owns the equivalent of 6 mi
Second Gas Cargo Heads to Finland's LNG Terminal After Pipeline Rupture
A tanker carrying Norwegian liquefied natural gas (LNG) is set to arrive at Finland's Inkoo terminal overnight, vessel tracking data showed on Friday, making it the second cargo since the Oct. 8 outage of a Finnish-Estonian gas pipeline.The Arctic Princess, carrying natural gas from the Arctic Hammerfest LNG plant, signaled its arrival at Inkoo on Friday at 2300 GMT, LSEG shipping data showed, corresponding to Saturday morning at 0100 EET in local time.The tanker loaded in Norway on Sept.
US October LNG Exports Climb to Second Highest Level on Record
U.S. liquefied natural gas (LNG) producers ramped up exports in October, to 7.92 million metric tons, according to data provider LSEG, the second-highest monthly level on record.Exports were just shy of the record 8.01 million metric tons in April this year, and were up from 7.12 million metric tons in September, when plant maintenance reduced U.S. production.The U.S. was the world's largest exporter of LNG in the first half of this year…
Wärtsilä Unveils New Ultra-Low Emissions Engine for Marine Industry
Finland-based marine engine maker Wärtsilä on Wednesday introduced a new ultra-low-emissions version of its Wärtsilä 31DF engine, which was first launched in 2015. According to Wärtsilä, while operating on LNG, this new version can further reduce methane emissions on a 50 percent load point by up to 56 percent and nitrogen oxide (NOx) by up to 86 percent.On a weighted average, this new technology can reduce methane emissions by 41 percent more than the standard Wärtsilä 31DF engine…