Chinese energy trading center Shanghai Petroleum and Natural Gas Exchange (SHPGX) launched a spot pricing index for LNG imports, Reuters reports. Illustration only; Courtesy of Hudong-Zhonghua Shipbuilding China is looking for greater global pricing power over the LNG as it is the world’s top buyer. This is also because LNG
The first ship in the world to operate on synthetic natural gas (SNG), ElbBlue, has started its trial voyage after being fueled with liquefied SNG. The occasion marks the first time ever that synthetic fuel – generated from 100% renewable energy via power-to-X technology – has been employed in commercial shipping.
State-owned Qatar Petroleum has entered into a 15-year sale and purchase agreement (SPA) with a subsidiary of China National Offshore Oil Corporation (CNOOC) for the supply of 3.5 million tonnes per annum (mpta) of LNG. Courtesy of Qatar Petroleum Qatar’s collaboration with CNOOC goes back to September 2009 when it
French independent renewable energy producer Qair has signed a partnership agreement with business accelerator for marine renewable energy Bretagne Ocean Power to jointly contribute to the deployment of floating offshore wind, renewable hydrogen and tidal stream energy in the French region of Brittany. Illustration/Deployment of HydroQuest tidal energy turbine (Courtesy
Canadian biofuel producer and provider Greenfield Global has become the newest member of the Methanol Institute (MI). The institute is a community dedicated to knowledge sharing and experience building in the use of methanol as a safe, future-proof fuel. The association’s newest member company specializes in the production of biofuels
Norway’s and Russia’s oil and gas giants, Equinor and Rosneft, have signed an agreement on collaboration in carbon management, including potential collaboration on the use of renewables, CCUS, and low-carbon hydrogen solutions. As explained by Equinor on Wednesday, the agreement builds on the two companies’ strategic partnership in Russia where
Russia’s only FSRU Marshal Vasilevskiy has loaded an LNG cargo from the Novatek-operated Yamal LNG facility, after sailing across the Northern Sea Route. Courtesy of Sovcomflot The Marshal Vasilevskiy FSRU is capable of storing 174,000 cubic metres of LNG. Owned by Gazprom Flot, it has been under the technical management
Brazilian state-owned oil company Petrobras has signed the lease contract of the Bahia LNG regasification terminal with U.S.-based LNG specialist Excelerate Energy. Courtesy of Petrobras The lease contract of the Bahia LNG terminal and its associated facilities amounts to approximately R$ 102 million ($18.8 million). It is effective until December
Japanese shipping major NYK Line has signed a memorandum of understanding (MoU) with compatriot fuel service provider Itochu Enex Co., gas company Saibu Gas Co. and energy company Kyushu Electric Power Company to work on the supply of liquefied natural gas (LNG) as a marine fuel to ships in western Japan. As
Klaveness Combination Carriers ASA (KCC), part of Norwegian shipping company Torvald Klaveness, has completed testing of 30% biofuel aboard its CLEANBU vessel MV Baru on its voyage from the Netherlands to Brazil. MV Baru in Bunbury, Australia. Image Courtesy: KCC The trial is part of KCC’s ongoing efforts to gain
The first single fuel LNG ferry in the Netherlands, Willem Barentsz, has won the international ‘Shippax Technology and Design Award 2021’. WILLEM BARENTSZ; Courtesy of Flying Focus Dutch ferry operator Rederij Doeksen’s first LNG-powered ferry Willem Barentsz debuted back in July 2020. It is a BMT-designed 70-meter vessel featuring Rolls-Royce
Germany’s energy company Uniper wants to buy hydrogen from Middle East producers in order to achieve carbon-neutrality by 2035 for its European operations. Illustration only; Courtesy of Uniper Uniper sees hydrogen as one solution for the carbon-neutrality of its European assets by 2035. Platts reports that Uniper wants to buy