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ClassNK grants AiP for Kawasaki’s LNG-fueled bulker design

31 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Kawasaki Heavy Industries (KHI) Classification society ClassNK granted approval in principle (AIP) to Kawasaki Heavy Industries (KHI) for the concept design of an LNG-fuelled 207,000-DWT bulk carrier. With the International Maritime Organization (IMO) imposing tighter restrictions on emissions of greenhouse gases and air pollutants, the shipping industry has

Origin’s APLNG revenue shoots up

31 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy APLNG Australia’s top power and gas retailer, Origin Energy, reported a jump in its share of Australia Pacific LNG revenue during the quarter ending December 31, 2018.  Origin noted the APLNG revenue share reached $741 million rising 15 percent over the previous quarter and 45 percent over the corresponding

Croatia sets funds aside for Krk LNG terminal

31 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of LNG Croatia Croatian government on Wednesday approved €234 million ($269.1 million) financing for the first stage of the liquefied natural gas (LNG) terminal project on the northern Adriatic island of Krk. The estimated value of the project includes the floating storage and regasification unit worth €160 million, and the construction of

WoodMac: FLNG industry growth facing headwind

31 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomIllustration purposes only (Image courtesy of Golar LNG) Floating liquefied natural gas industry is expected to continue its growth in the future, however, it will be at a slower steadier pace of growth is likely as FLNG competes for capital and buyers in a busy LNG market. According to the research

ExxonMobil pushing forward with Vietnamese gas-to-power project

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of ExxonMobil US energy giant ExxonMobil with joint venture partners PetroVietnam and PetroVietnam Exploration Production Corp, is advancing plans for a multi-billion dollar integrated gas-for-power development in central Vietnam. The company has awarded the contract for front-end engineering and design and is filing appropriate permits, planning applications and other

GasLog Partners 2018 profit up

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of GasLog Partners GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, reported a slide in profit during the last quarter of the year, as well as for the whole twelve months.  In its latest report, the partnership reported a fourth-quarter profit $20.4 million on IFRS basis,

Shizuoka Gas ink LNG supply deal with China’s Clean Energy

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Shizuoka Gas Japanese gas utility Shizuoka Gas signed an LNG sale and purchase agreement with Clean Energy in China for the delivery of chilled fuel from the Shimizu LNG terminal in ISO containers.  Shizuoka Gas has been seeking further utilization of Shimizu LNG terminal since 2017 when

Brittany Ferries LNG-powered vessel delivery delayed

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Brittany Ferries French shipping company Brittany Ferries noted that its LNG-powered cruise ferry Honfleur will not be delivered on schedule, in time for the 2019 summer season.  The delay is a result of financial setbacks at the Flensburger Schiffbau-Gesellschaft (FSG) shipyard, Brittany Ferries said in its statement. FSG was hit

India’a IOC seeking Ennore LNG commissioning cargo

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Indian Oil LNG Indian Oil Corporation is reportedly seeking a liquefied natural gas cargo to use for the commissioning purposes of its Ennore LNG terminal at the Kamarajar port.  Citing industry sources, Reuters reports the company has sought a partial cargo to be delivered on February 25.

Wärtsilä to cut jobs after fourth-quarter profit slump

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Wärtsilä Finnish engine maker Wärtsilä is set to cut 1,200 jobs to profitability in the coming years, as its profit saw a decrease during the fourth quarter of 2018.  The company noted that its orders reached a total value of €6.3 billion ($7.2 billion) which is 12 percent above the €5.6 billion in 2017. During

Ophir, Medco agree on financial terms of potential bid

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Ophir Energy London-based Ophir Energy on Wednesday that following negotiations with Medco, the companies have reached an agreement on the terms of the potential takeover bid.  Under the agreement, Medco Global, a unit of Medco Energy, will acquire the entire issued and to be issued ordinary share

Wison granted ABS approval for floating gas to methanol unit

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Wison Wison Offshore & Marine has received approval in principle (AIP) from the American Bureau of Shipping (ABS) for its floating natural gas to methanol (FGTM) facility. Wison said in its statement the system is capable of eliminating heavy upfront capital expenditure during offshore LNG production. The FGTM

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