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Hudong to deliver third Yamal LNG carrier

9 Jul No Comments gregsamuel_e5x9azx4 LNG World News

China’s Hudong-Zhonghua Shipbuilding is to deliver another LNG carrier that will serve the Novatek-operated Yamal project in the Arctic. LNG Phecda (Image: Hudong-Zhonghua) Hudong said in a statement the 174,000-cbm LNG Phecda left the Shanghai yard for gas trials on July 3. The Chinese yard noted it faced many difficulties

Damen: Keel laid for Ports of Auckland’s fully electric tug

9 Jul No Comments gregsamuel_e5x9azx4 LNG World News

On 7 July, Vietnam-based Damen Song Cam Shipyard, together with joint venture partner Song Cam Shipyard, hosted a keel-laying ceremony for the fully electric tug that Damen is building for the Ports of Auckland, New Zealand. Scheduled for delivery in 2021, the newbuild is said to be the world’s first

Japan’s spot LNG prices start to pick up

9 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Japanese spot LNG cargo prices are showing signs of slight recovery following a record drop in May. For illustration only (Image: NYK LNG) The effects of the Covid-19 coronavirus pandemic have weighed down on Japan’s spot LNG prices pushing them to record lows in previous months. The average contract price

BP inks natural gas supply deal with ENN

9 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Energy major BP has signed a natural gas supply agreement with ENN Group (ENN). Courtesy of BP The two companies aim to jointly support the growing energy needs of China’s southern Guangdong region. Under the terms of the agreement, BP will provide ENN with 300,000 tonnes per year of pipeline

New investors enter Acorn carbon capture and storage project

9 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Pale Blue Dot, the lead developer of the Acorn Carbon Capture and Storage (CCS) project, has conducted a corporate restructuring following a strategic investment by multinational independent investment bank and financial services company Macquarie Group. Pale Blue Dot said on Thursday that the corporate restructure would see Storegga Geotechnologies become

Zvezda starts work on another LNG-powered Aframax

9 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Russian Zvezda shipyard has started building another liquefied natural gas-powered Aframax tanker for compatriot Rosneft. Image: Zvezda Shipbuilding Complex The yard held a keel laying ceremony for the LNG-powered vessel on Monday, according to a statement by Russian state-owned energy company Rosneft. The vessel will be named after Nursultan Nazarbayev,

Shell’s shipping study confirms LNG as transition fuel

8 Jul No Comments gregsamuel_e5x9azx4 LNG World News

A Shell study released on Tuesday exploring how the shipping industry is working to slash its emissions has confirmed LNG as one of the main transition fuels. For illustration only (Image: Shell) The report named “Decarbonizing Shipping: All Hands on Deck” is a joint research by Shell and Deloitte. Shell

Nakilat takes full control of Q-Max Bu Samra

8 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Qatari LNG shipping giant Nakilat continued the fleet management transition from Shell’s trading and shipping unit. Courtesy of Nakilat Nakilat said on Wednesday it has assumed full ship management and operations of Q-Max LNG carrier Bu Samra from Shell International Trading and Shipping Company. The transition is in effect from

Indonesian regulator confirms Shell Abadi LNG exit talks

8 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Indonesian upstream regulator SKK Migas has confirmed Shell is in talks to withdraw from Indonesia’s proposed Abadi LNG export project. Image: Inpex The Inpex-operated giant Abadi LNG project has seen many changes over the years and initially the development of the Masela offshore block involved a floating LNG plant. The

Cryopeak LNG completes largest truck LNG delivery to NWT

8 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Richmond, BC-based Cryopeak LNG Solutions has completed a milestone delivery of LNG in the Northwest Territories. Courtesy of Cryopeak LNG The company said in its statement it has completed the largest ever delivery of liquefied natural gas by truck in NWT, with the shipment being delivered to a power generation

EIA: US LNG exports to dip to just 25 pct capacity

8 Jul No Comments gregsamuel_e5x9azx4 LNG World News

US LNG exports are expected to nosedive in July and August due to a weak global market hit by the Covid-19 pandemic, according to the EIA. Image: Freeport LNG The agency said in its newest short-term energy outlook that US LNG exports averaged 3.6 Bcf/d in June and expects that

PowerGlobe in search for LNG carrier to support Croatia deal

7 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Qatar’s PowerGlobe is looking to charter an LNG carrier to support its newly booked capacity at Croatia’s first import terminal on the island of Krk. Krk LNG construction works (Image: LNG Croatia) The energy arm of privately-held Optimized Holding said in a statement it plans to charter the LNG vessel

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