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Hudong delivers Total-chartered LNG bunker vessel

30 Apr No Comments gregsamuel_e5x9azx4 LNG World News

China’s Hudong Zhonghua shipyard has delivered the first LNG bunker vessel Total chartered from MOL to serve its CMA-CGM supply deal. Image courtesy of Hudong Zhonghua The shipyard noted that the vessel is currently the world’s largest LNG bunkering ship with an 18,600-cbm capacity. The 135-meter long vessel is the

Shell’s Q1 LNG sales rise

30 Apr No Comments gregsamuel_e5x9azx4 LNG World News, Uncategorized

The Hague-based LNG giant Shell reported a nine per cent rise in its liquefied natural gas sales during the first quarter of this year. Murex LNG carrier (Image courtesy of Shell) Shell sold 19 million tonnes of LNG in the January-March period, compared to 17.51 million tonnes in the same

Shell cuts dividend as profit tumbles on low oil prices

30 Apr No Comments gregsamuel_e5x9azx4 LNG World News

Oil major Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price. Shell CEO Ben van Beurden; Source: Shell Shell said on Thursday that its CCS earnings attributable to shareholders excluding identified

Australia’s Origin hit by lower APLNG revenue

30 Apr No Comments gregsamuel_e5x9azx4 LNG World News, Uncategorized

Origin Energy saw lower quarterly revenue from the Australia Pacific LNG project but it managed to renegotiate a crucial supply deal with China’s Sinopec. Image courtesy of ConocoPhillips Origin Energy, which holds a 37.5 per cent stake in the APLNG project, said Thursday the first price review under Sinopec’s long-term

Saga Dawn LNG carrier completes maiden voyage

30 Apr No Comments gregsamuel_e5x9azx4 LNG World News

Saga LNG Shipping’s newbuild, the 45,000-cbm Saga Dawn has completed its maiden voyage on Wednesday. Image courtesy of Saga LNG Shipping The vessel that loaded at cargo at Singapore LNG delivered the load to JOVO’s Dongguan terminal on April 29. The company noted in its statement that the vessel is

Work starts on El Salvador’s first LNG FSRU

30 Apr No Comments gregsamuel_e5x9azx4 LNG World News

Work has started on a regasification module that will be installed onboard El Salvador’s first floating and regasification unit. Image courtesy of BW LNG Once completed, the Wartsila module will be installed onboard Shell’s 2002-built LNG carrier Gallina that will be converted to an FSRU. A steel cutting ceremony to

COVID-19 effects push Novatek into red

29 Apr No Comments gregsamuel_e5x9azx4 LNG World News

Russia’s largest private natural gas producer and LNG player Novatek slipped into red under the COVID-19 impacts. Image courtesy of Novatek Novatek reported a net loss of ₽30.7 billion ($416.8 million) in the first quarter of the year. This compares to a profit of ₽381.8 billion ($5.2 billion) reported in

CSSC inks deal for 12 LR2 dual-fuel tankers

29 Apr No Comments gregsamuel_e5x9azx4 LNG World News

Chinese shipbuilding giant China State Shipbuilding Corporation (CSSC) has won a deal for the construction of twelve dual-fuel tankers. The order was booked by Bank of Communications Financial Leasing (Bocomm Leasing) which has secured charters for the newbuilds from the energy major Shell. Source: CSSC Shell will charter the 120,000-ton

Stena Bulk’s MR tanker wraps up biofuel trial

29 Apr No Comments gregsamuel_e5x9azx4 LNG World News

Stena Bulk’s MR tanker Stena immortal has concluded the biofuel trial launched in March in cooperation with the Dutch biofuel supplier GoodFuels. During the ten-day trial, the bio fuel oil (BFO) was tested in the ship’s tanks, storage and it was burned in the engines. Stena Bulk The fuel is

Gazprom’s net profit dips

29 Apr No Comments gregsamuel_e5x9azx4 LNG World News

Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due to lower prices and declining demand in Europe. Image courtesy of Gazprom Gazprom’s net profit reached 1.2 trillion Russian roubles ($16.3 billion) last year. This compares to 1.46 trillion roubles in 2018. Operating profits also fell

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