zoomIllustration purposes only (Image courtesy of LNG Canada) Classification society Lloyd’s Register (LR) has signed a 55-month LNG contract to support LNG Canada with the construction and delivery of its liquefaction plant and export terminal located at a site in Kitimat, BC, Canada. The contract is for third party verification
Hoegh LNG suspends dividends and cuts costs
zoomImage courtesy of Hoegh LNG Norway’s Hoegh LNG will stop paying dividends to investors as part of a move in reducing costs due to the uncertain environment caused by the coronavirus pandemic. Hoegh’s board has decided to suspend dividends, bonus scheme for executive management and onshore personnel until further notice,
Qatargas using boil-off gas to power LNG carriers
Image courtesy of Qatargas LNG producing giant Qatargas has started a programme to utilise boil-off gas to power its chartered liquefied natural gas vessels during unloading operations at Japanese LNG terminals. The programme is being implemented with the cooperation of Qatargas’ Japanese buyers, the Qatari company said in a statement
US, Qatari LNG cargoes heading for UK
Origin sees not material impacts of COVID-19 to date
zoomImage courtesy of Origin Energy Australia’s top power and gas retailer, Origin Energy, noted that to date there has been no material impact on the company’s energy supply operations amidst the COVID-19 outbreak. Most of Origin’s workforce is working from home and only roles critical to maintaining energy supply remain
Tallink Grupp to kick off new LNG-powered ferry construction
zoomImage courtesy of Tallink Grupp Estonian shipping company Tallink Grupp said the construction of Tallink Grupp’s newest LNG-powered shuttle ferry, MyStar will begin at the Rauma Marine Constructions (RMC) shipyard in Rauma, Finland. The construction will begin with a steel cutting event, which, in keeping with the current coronavirus situation
MAN dual-fuel engines hit million-hours milestone
zoomImage courtesy of MAN Energy Solutions MAN Energy Solutions’ portfolio of two-stroke, dual-fuel engines, running on clean fuels such as LNG, LPG, ethane and methanol, has hit a milestone accumulating 1 million operating hours. The milestone comes on the back of the 300 engines/6.3 GW sales the company recently reached
Woodside joins Japanese consortium to study hydrogen exports
zoomImage courtesy of Woodside Australian LNG player Woodside Petroleum has joined a consortium of Japanese companies to study exporting carbon-neutral hydrogen. Woodside has signed a deal with LNG importing giant JERA, Marubeni Corporation and IHI Corporation to undertake the joint study. The study will be examining the large-scale export of
Teekay LNG secures two new charters
Image courtesy of Teekay LNG Teekay LNG Partners has secured new fixed-rate charters for two of its 52 percent-owned liquefied natural gas carriers. The Bermuda-based LNG shipper said in a statement that the deals include a 12-month charter on the LNG carrier Arwa Spirit and an eight-month charter on the
Top news of the week March 30-April 4
Image courtesy of Hudong-Zhonghua Shell pulls out of Lake Charles LNG export project The Hague-based energy giant Shell is withdrawing from the planned Lake Charles liquefied natural gas export project in Louisiana citing current market conditions. Minerva Gas lays keel for LNG newbuild at SHI Minerva Gas, the Greek LNG