News Headlines
SEA\LNG has released an independent study revealing a strong investment case for LNG as a marine fuel in the container shipping market.
The multi-award winning Gas Fest is a unique ‘for industry, by industry’ platform that takes place at a time when the world is transitioning towards a carbon neutral future. Gas Fest 2019 will focus on the role of gas in decarbonising shipping.
Where - The historic and iconic Convento do Beato, close to the heart of Lisbon, Portugal
When - Wednesday 20th – Thursday 21st February 2019
Sinopec’s new Tianjin liquefied natural gas (LNG) import terminal in the north of China received its first-ever cargo of the fuel from Australia. The cargo arrived on Tuesday from the Australia Pacific LNG project aboard the CESI Beihai tanker, Sinopec said in a statement.
An analysis of the industry position of LNG as shipping fuel has forecast that smaller vessels and cruise ships on short routes will speed the development of LNG bunkering facilities worldwide. BMI research utilised LNG World Shipping's data regarding the number of LNG-fuelled ships on order to investigate prevailing trends within the industry.
National Grid Grain LNG is about to become UK’s first facility to offer small scale ship reloading facilities (SSLNG) at its importation terminal on the Isle of Grain, facilitating the distribution of LNG as a marine fuel.
The German Ministry of Transport and Digital Infrastructure released an announcement in which it calls any German companies seeking to switch to LNG as a marine fuel to submit their applications until February 28, 2018.
Focusing on ‘a wider view on low flash point and alternative fuels’, the 8th Motorship Gas Fuelled Ships Conference offered delegates insights into how LNG’s potential as a marine fuel has dramatically increased.
U.S. natural gas producer Cheniere Energy Inc said on Tuesday Singapore-based commodity trader Trafigura Pte Ltd would buy about 1 million tonnes of natural gas per year from its unit for 15 years, starting 2019.
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 industry is edging closer to putting the final piece of its supply chain jigsaw into place. Floating LNG storage and regasification units (FSRUs) are now a mature technology while three floating LNG (FLNG) production vessels have been completed. What is needed to complete the picture is a floating LNG power plant.
Shipbuilders, conversion yards, electrical engineering firms and offshore contractors developing floating LNG power plant technologies enjoyed a particularly busy year in 2017. Several new concepts were introduced while other, more established designs gained class society approvals in principle (AIPs). The growing commitment to this new type of floater comes after rigorous assessments of market potential by the principals.
The move to LNG as fuel in the maritime sector picks up steam, as CMA CGM announced plans to outfit nine of its new 22,000 TEU containerships with LNG fueled engines.
Societe Generale has become the bank with the most overt support for LNG as a fuel for shipping. The French bank has become the first financial institution to sign up to SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of LNG as a marine fuel.
A new shuttle tanker concept has been developed by the world’s largest provider of shuttle tanker services Teekay, in close cooperation with Finnish equipment provider Wärtsilä. The concept has been endorsed with orders for four of these next generation vessels for Teekay. The ships will be built at Samsung Heavy Industries (SHI) in South Korea.
Total and CMA CGM have signed an agreement covering the supply of around 300,000 tons of liquefied natural gas (LNG) a year for 10 years starting in 2020. This unprecedented volume in the history of LNG bunker will fuel CMA CGM's nine newbuild container ships, scheduled for delivery beginning 2020 onwards.
Producers are investing heavily in LNG projects to compete with wind and solar. But is too much capacity being added?
CUT OFF, Louisiana -- The Greater Lafourche Port Commission (GLPC) and tenant Energy World USA (EWUSA) have announced that wholly-owned Fourchon LNG LLC has filed its formal letter to request initiation of the pre-filing review process with the U.S. Federal Energy Regulatory Commission (FERC). Upon completion of the pre-filing process, Fourchon LNG LLC intends to file an application with FERC for authorization to construct the proposed 5 million tons per annum mid-scale liquefied natural gas (LNG) production and export facility at Port Fourchon.
Adrian Tolson from 20|20 Marine Energy ruminates on why shipping seems to have lost interest in this emission cutting technology. One of the most revealing aspects of my attendance at the recent Bunkering Week conference in Singapore was a sideline discussion regarding scrubbing technology and its role as a compliance solution for ship owners for the impending 2020 0.5% global sulphur cap. The discussion was with an industry colleague who represents a powerhouse in the commodity and oil-trading world, and is both a vocal and financial supporter of ship owners installing scrubbers.
DNV GL has completed a market study of the potential for LNG bunkering in Portugal and Spain, and it estimates that the demand for LNG as a marine fuel could be as high as eight million cubic meters a year by 2050. Demand will be led by three of Spain's busiest ports – Algeciras, Barcelona and Las Palmas – and driven by the need to comply with emissions regulations.
Port of Dunkirk’s LNG terminal and Grand Port Maritime de Dunkerque have signed a partnership agreement for the development of an LNG supply station for tank trucks.
ENGIE and the AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America, according to AES’s statement. The new agreement will pave the way for the two companies to develop small scale LNG demand and provide bunkering services.
The proposed LNG facility in Jacksonville, FL will serve both domestic and international markets. Eagle LNG will receive and liquefy natural gas, temporarily store the produced LNG, and periodically load LNG onto ocean-going vessels for export to countries currently using heavy fuel oil or diesel for power generation, as well as for use in domestic marine fueling. The company is seeing increased demand for LNG to serve small scale export markets, while domestic demand for LNG, to displace diesel and other petroleum fuels, continues to develop.
Pioneers in LNG discussed LNG projects and how alliances, partnerships, and technology are driving the transistion to LNG as fuel at the Nor-Shipping event which took place in Oslo, Norway, 30 May – 2 June 2017.
Mitsui O.S.K. Lines (MOL) is exploring the possibilities to generate power from liquefied natural gas (LNG) aboard ships as a low-cost, environmentally friendly alternative to land-based plants.
BP has signed an agreement with Indonesian state-owned power utility Perusahaan Listrik Negara (PLN) to supply 16 LNG cargoes annually from Tangguh project during the period 2020 to 2035, Reuters reported.
Mr. Franco Porcellacchia, Vice President, Ship Refit, Carnival gave a presentation entitled the “EGCSs and LNG ships” at the GREEN4SEA Conference. He described Carnival’s strategy in terms of fuel consumption, LNG and scrubbers. Mr. Porcellacchia further addressed why the LNG is the best way to comply with environmental regulations and which are the challenges when compared to HFO & EGCS. Mr. Porcellacchia explained the Carnival’s LNG Journey, the reason why they decided to scrub as well as the EGCS Project.
ENGIE and the AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America, according to AES’s statement. The new agreement will pave the way for the two companies to develop small scale LNG demand and provide bunkering services.
Malaysian oil company Petronas is looking to tap new markets to sell liquefied natural gas, including as fuel for ships, the head of its upstream operations told Reuters on Monday.
ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America.
Golar LNG has revealed a significant milestone has been reached in the Fortuna FLNG Project. Equatorial Guinea, Ophir Holdings & Ventures, OneLNG and GEPetrol have inked a detailed umbrella agreement setting out the legal and financial framework of the project, a statement from Golar said.
Harvey Gulf International Marine said it has accepted delivery of its fourth liquefied natural gas (LNG) powered offshore supply vessel (OSV). The M/V Harvey Freedom, built at Gulf Coast Shipyard Group in Gulfport, Miss. is 310’ x 64’ x 24.5’, U.S. Flagged Subchapter I and L, SOLAS compliant and capable of carrying 253,000 USG of fuel oil, 18,000 bbls of liquid mud, 1,600 bbls of methanol, 10,250ft3 of dry cement and 78,000 USG of LNG fuel.
ABS partners with HHIC to advance safety and set standards in new FSRU design concept.
Working with Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) as it completed a new Floating Storage and Regasification Unit (FSRU) design concept, ABS provided safety guidance and advice on regulatory compliance throughout concept development.
The first Singapore Technical Reference (TR) 56 for Liquefied Natural Gas (LNG) Bunkering was launched by the Maritime and Port Authority of Singapore (MPA), SPRING Singapore and the Standards Development Organisation @ Singapore Chemical Industry Council (SDO@SCIC).
Indian company, H-Energy, announced that signed an agreement with French electricity company, Engie, for chartering its FSRU GDF SUEZ Cape Ann. The Floating Storage Re-gasification Unit (FSRU) has been chartered by H-Energy for a period of 5 years and will arrive at the LNG jetty, at Jaigarh port, by Q3 2018.
India's Essar Ports has won a contract to build the first liquefied natural gas (LNG) terminal in West Bengal under the Kolkata Port Trust (KoPT) at an investment of Rs 450 crore (USD 70 million).
Klaipėdos nafta (KN), operator of oil and liquefied natural gas (LNG) terminals in Lithuania, and Fluxys of Belgium signed a memorandum of understanding (MoU), to collaborate closely in the development of small-scale LNG projects and infrastructure in Europe. The two companies agreed when KN, as part of a Lithuanian energy delegation, visited Fluxys’ Zeebrugge LNG terminal and its small-scale LNG facilities in Belgium.
Go Green is everyone's mantra these days and rightly so, considering the massive toll that pollution has taken on the planet. Governments, corporations and citizens alike are doing their bit by adopting clean energies, technologies and products. And this trend has caught the shipping industry in its wake.
SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the supply of liquefied natural gas (LNG), to fuel the first Aframax crude oil tankers in the world to be powered by LNG. The agreement was announced by Sergey Frank, President & CEO of Sovcomflot, and Maarten Wetselaar, Integrated Gas and New Energies Director at Shell.
The Port Authority of Bilbao announced that the first bunkering service providing liquefied natural gas to a vessel for fuel was realized in Bilbao Port, Spain.
MPA Singapore signed agreement with the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT), for collaboration in ports sustainable development on the sidelines of the International Symposium on LNG Bunkering, in Yokohama.
Singapore Exchange (SGX) and Tullett Prebon have launched a liquefied natural gas (LNG) spot index for Dubai, Kuwait and India (DKI), a collaboration that seeks to enhance price discovery and risk management in one of the fastest-growing regions for LNG spot trading.
AET, petroleum and chemical tanker owner and operator, announced that up to four of its new Aframax tankers, currently under construction with Samsung Heavy Industries Co Ltd (SHI), will be equipped with the LNG dual fuel option.
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has announced that is has signed a memorandum of understanding with the Society for Gas as a Marine Fuel (SGMF). The MoU creates a framework for how the two complementary organisations will work together to achieve their common goal of making LNG the fuel of choice for the shipping industry.
Woodside announced that has signed an agreement with GE, in order to support together the use of LNG as a fuel in Western Australia. The agreement will provide the option of seamless access to reliable LNG fuel supply and gas-fuelled transport and power generation solutions.
According to a Wood Mackenzie study, global bunker fuel costs could rise by up to $60bn annually from 2020, in a full compliance scenario, when the International Maritime Organization’s (IMO) 0.5% sulphur cap for bunker fuels kicks in. A combination of higher crude prices and tight availability of marine gas oil (MGO) could take the price of MGO up to almost four times that of fuel oil in 2016, the report claimed.
Carnival Corporation has completed the installation and certification of exhaust gas cleaning systems on 60 ships across its brands. Representing a $400 million investment to date, the company is on track to deploy its systems on more than 85 vessels across its global fleet by 2020. The systems will enable Carnival to meet international regulations that place a cap on the sulfur content of fuel oil of 0.1 percent.
Some ships in northern Europe have been using liquefied natural gas (LNG) as their fuel source for over a decade, with an extremely good safety record. But as the use of LNG-fuelled vessels spreads to other parts of the world and many more parties become involved, there is a clear need to standardize LNG bunkering operations at the international level. A new ISO standard will ensure LNG-fuelled vessels can bunker in a safe and sustainable way.
Qatar Petroleum (QP), Total, Mitsubishi, ExxonMobil, and Höegh LNG have announced their commitment to advance a liquefied natural gas (LNG) import project in Pakistan in collaboration with Global Energy Infrastructure Limited (GEIL). The Consortium will seek to develop a project that includes a Floating Storage and Regasification Unit (FSRU), a jetty and a pipeline to shore to provide a timely and reliable natural gas supply to Pakistan. The FSRU will have a minimum regasification capacity of 750 million cubic feet per day by 2018.
America’s largest ports handled in excess of 18,000 containership calls to its shores in 2015. This means more than one billion tonnes of merchandise was processed – which one way or another was ultimately consumed by Americans.
Growing demand from power generation sector, favorable LNG prices and government initiatives to setup Singapore as LNG hub is expected to drive Singapore LNG market.
According to TechSci Research report “Singapore LNG Market Demand & Supply Analysis, By Region, By Application, By LNG Terminal, Competition Forecast and Opportunities, 2011-2025”, market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG in Asia-Pacific.
LNG integrator AG&P (Atlantic, Gulf and Pacific Company) and Hindustan LNG have signed a Memorandum of Understanding to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India. Under the agreement, AG&P will deliver regasified LNG through a new LNG import terminal that it will design and build at the port in Andhra Pradesh.