Image courtesy of ClassNK Japan’s classification society ClassNK granted an approval in principle (AiP) to Daihatsu Diesel for their concept design of an LPG reformed gas-fueled coastal LPG carrier. The vessel is developed in cooperation with Iino Gas Transport, Osaka Gas, Izumi Steel Works, and Miura Shipbuilding in terms of
zoomImage courtesy of Sovcomflot Russia’s largest shipping company Sovcomflot swung to a profit in 2019, close to its historic highs. The company reported a net profit of $225.4 million which compares to $45.6 million net loss reported in 2018. Sergey Frank, Sovcomflot chairman, said, “In the first year of implementation
Image courtesy of Air Products US-based LNG equipment maker, Air Products has signed an agreement to provide its proprietary LNG technology, equipment and related process license and advisory services to the Mozambique LNG project. Air Products’ manufacturing facility in Port Manatee, Florida will manufacture two LNG heat exchangers, which will
zoomImage courtesy of Santos Australian LNG player Santos said its Narrabri Gas Project (NGP) has been referred by the NSW minister for planning to the Independent Planning Commission (IPC) for determination. This is a key milestone in the independent approvals process, the company said, adding that the next step is
Image courtesy of Peru LNG Exports from the Peruvian liquefied natural gas (LNG) facility in Pampa Melchorita jumped during the month of February 2020. According to the data provided by the state-owned Perupetro, five vessels departer the facility during the month under review, with volumes totaling 795,576 cubic meters. This
zoomImage courtesy of PGNiG Polish state-run Polskie Górnictwo Naftowe i Gazownictwo reported a rise in revenue in 2019 as the year saw a clear shift in total gas imports. The company reported a revenue of 42 billion Polish Zloty ($10.8 billion) showing a 2 percent rise year-on-year. The company’s profit
zoomImage courtesy of Santos Australian LNG player Santos has agreed to sell a 25 percent interest in Darwin LNG and Bayu-Undan to SK E&S for $390 million with effect from October 1, 2019. Santos also receives the benefit of approximately US$120 million of cash flow relating to the interests from
Image courtesy of GTT / Roland Mouron French liquefied natural gas containment system specialist, GTT, through its unit GTT North America signed a 5-year global technical services agreement with Excelerate Energy. GTT will support Excelerate Technical Management (ETM) with the maintenance and operation of nine FSRUs equipped with GTT’s NO96