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EIA cuts 2018 Henry Hub price estimate

7 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Meridian Spirit at the Sabine Pass LNG facility (Image courtesy of Cheniere) The U.S. Energy Information Administration has reduced its forecast for Henry Hub natural gas spot prices this year as LNG exports produced from shale gas continue to rise. To remind, Henry Hub-priced US LNG exports received a boost

Dominion confirms first Cove Point LNG export cargo

2 Mar No Comments gregsamuel_e5x9azx4 LNG World News

zoomIllustration purposes only (Image courtesy of Shell) Dominion Energy confirmed on Friday that the first LNG cargo from its Cove Point terminal in Maryland, the second US facility to produce LNG from shale gas, has departed the facility. Shell’s 136,985-cbm LNG carrier Gemmata, carrying the first cargo of LNG from Cove

Yamal LNG hits first million tons milestone

2 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Novatek Novatek-led Yamal LNG said it reached a milestone shipping the first million tons of LNG produced at its first train. The first LNG train comprising 5.5 million tons per annum commenced LNG production in the fourth quarter 2017 with the loading of the inaugural tanker, the

Cheniere’s Corpus Christi to produce LNG this year (Gallery)

1 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Cheniere Cheniere’s Corpus Christi LNG export project could start producing the first liquefied natural gas before the end of the year.  Speaking at an LNG industry conference, Cheniere Marketing’s director origination Douglas Wharton said the company is hopeful of starting LNG production by the end of the year,

Sempra affirms 2018 guidance as profits edge up

27 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Sempra Energy San Diego-based energy company and LNG operator Sempra Energy reported 2017 adjusted earnings of $1.37 billion, up from $1.27 billion in 2016.  The company’s adjusted earnings for the fourth quarter of the year reached $389 million, up from $383 reported in the corresponding period last

Sembcorp Marine boast strong LNG repair activity in 2017

21 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Sembcorp Marine Singapore-based Sembcorp Marine said its liquefied natural gas (LNG) carrier repair business remained ‘top of the list’. The company’s president and CEO Wong Weng Sun, during the full year results briefing, said the yard repaired and upgraded a total of 34 LNG ships during 2017, more

Shell charters two LNG-powered Aframaxes from Russia’s Sovcomflot

20 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Sovcomflot Russia’s largest shipping company Sovcomflot signed on Tuesday time-charter agreements with the Hague-based energy giant Shell for two liquefied natural gas (LNG)-fuelled Aframax tankers. The vessels are part of a series of six Sovcoflot tankers currently under construction at Hyundai Heavy Industries’ unit, Hyundai Samho and

EIB, ING fund shipping sector transition to ‘greener future’

20 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of EIB The European Investment Bank (EIB) and ING today signed an agreement to support green investments for the European shipping market for a total value of €300 million ($370.6 million). ING and EIB will each contribute €150 million to the facility that aims to aid the transition of the shipping

Port of Rotterdam posts rise in bunkered LNG volumes

19 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Illustration purposes only (Image courtesy of Shell) The port of Rotterdam has seen the throughput of bunkered liquefied natural gas (LNG) rise from 100 tons in 2016 to 1,500 tons in 2017.  The increase in LNG bunkers was mainly due to the Wes Amelie, the world’s first container ship that

Eidesvik secures employment for two LNG-fueled PSVs

19 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Eidesvik Norway’s Eidesvik Offshore has secured multiple contracts for its liquefied natural gas (LNG)-fueled platform supply vessels Viking Prince and Viking Queen. PSV Viking Prince is awarded an 85-day contract with Deceiper Production for operation on the UK continental shelf with a start-up date in February 2018,

GasLog posts profit in 2017

16 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of GasLog Monaco-based LNG shipper GasLog reported a profit for the full-year of 2017 as compared to a net loss in the previous year. Profit attributable to GasLog owners reached $15.5 million last year as compared to a loss of $21.4 million the year before. Revenues were $525.2

Update: DEME’s LNG-powered multipurpose vessel catches fire in Spain

16 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of DEME DEME’s LNG-powered offshore multipurpose vessel, the Living Stone has caught fire on Thursday while under construction in a shipyard in Spain’s port town of Santurtzi. According to local media reports, the fire started on Thursday at around 4:55 PM local time, and was put out at

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