zoomImage courtesy of Klaipedos Nafta The European Commission has approved, under EU State aid rules, Lithuanian plans to modify the financing mechanism to cover the leasing costs of a liquefied natural gas (LNG) terminal in Klaipėda, Lithuania. In November 2013, the Commission approved aid to support the construction and operation of
zoomLR’s Commercial Director, Andy McKeran and GTT’s CEO and Chairman, Philippe Berterottière, during the announcement (Image courtesy of Lloyd’s Register) Classification society Lloyd’s Register (LR) teamed up with China Merchants, GTT, CNOOC and DSIC to design an LNG-fuelled Very Large Crude Carrier (VLCC). China Merchants Energy Shipping (CMES), CNOOC Gas
Image courtesy of KOMIPO South Korean power company Korea Midland Power (KOMIPO) has signed a memorandum of understanding with Malaysia’s Petronas to collaborate in the LNG and renewable energy sectors. The South Korean company said the aim of the partnership is not only to cooperate on the liquefied natural gas
Illustration purposes only (Image courtesy of SCF Marine) Cleancor Energy Solutions, a unit of SEACOR Holdings, launched a joint initiative with SCF Marine to increase the use and supply of LNG and CNG natural gas throughout the Mississippi River system. SCF’s knowledge of the U.S. Inland Waterways and its ports,
zoomImage courtesy of VARD Marine The Finnish technology group Wärtsilä has been contracted to supply its LNG cargo handling system for a new 5400-cbm LNG bunker barge being built in the USA. The barge is being built at the Fincantieri Bay Shipbuilding yard in Wisconsin on behalf of NorthStar Midstream,
Illustration purposes only (Image courtesy of Teekay) Japanese utility Tohoku Electric Power is looking to tap into the LNG spot market to secure supply for the October-November period. Citing industry sources, Reuters reports Tohoku Electric has launched a tender to secure delivery of three cargoes. Deliveries are to be spread
zoomImage courtesy of Gasum Nordic small-scale liquefied natural gas supplier Gasum is eyeing expansion of its marine LNG services in response to the growing demand from the market. The company said it has appointed Jacob Granqvist to the newly-created position of sales director of Gasum’s marine LNG business. According to
Illustration; Image courtesy of Vitol Commodity trading company Vitol and Korean shipping company H-Line Shipping have entered into a 10-year time-charter agreement for a newbuild LNG carrier. Vitol said that the 174,000-cbm vessel with XDF propulsion would be built at Korea’s Hyundai Samho Heavy Industries (HSHI) and was due for
zoomImage courtesy of GTT American Bureau of Shipping (ABS) has launched the industry’s first LNG Cargo Ready notation this year’s Gastech exhibition and conference. This notation confirms that an ethane carrier is capable of future modification to trade LNG cargoes. ABS is the first classification society to develop requirements and
zoomImage courtesy of Santos Santos GLNG’s $750 million Roma East project has marked a milestone, with the natural gas compression facility officially handed over to the operations team. First gas from the Roma East field flowed in February this year and with commissioning now safely completed, the plant is fully