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Wärtsilä regas modules for China’s first FSRU

12 May No Comments gregsamuel_e5x9azx4 LNG World News

The Finnish technology group Wärtsilä has recently managed and completed the delivery of regasification modules for China’s first newbuild LNG FSRU. Image courtesy of Logistic Plus The vessel, the Transgas Power, was built at the Hudong-Zhonghua shipyard in Shanghai for Greek operator Dynagas. Delivery of the three large-scale modules was

EIA: India’s LNG imports limited by pipeline build

12 May No Comments gregsamuel_e5x9azx4 LNG World News

The future growth of India’s liquefied natural gas (LNG) imports will depend on the construction of the connecting pipeline infrastructure. Illustration purposes only (Image courtesy of Petronet LNG) India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011. India has been gradually increasing LNG imports as

NextDecade to decide on Texas LNG project this year

12 May No Comments gregsamuel_e5x9azx4 LNG World News

US company NextDecade said it still plans to decide on its proposed Rio Grande LNG export plant in Texas this year following reports that the decision could be affected by the Covid-19 coronavirus pandemic. Reuters reported on Monday citing a NextDecade spokeswoman that the company did not provide an update

LNG Limited to sell Magnolia project for $2.25 million

12 May No Comments gregsamuel_e5x9azx4 LNG World News

Cash-strapped LNG Limited is selling its proposed Magnolia liquefied natural gas export project to UK-based privately held company Global Energy Megatrend. The $2.25 million-worth transaction, scheduled to close on Friday, includes the Louisiana LNG export project and its 16 employees. The deal also includes LNG Limited’s optimized single mixed refrigerant

Harvey Gulf extends deals for LNG PSV pair

11 May No Comments gregsamuel_e5x9azx4 LNG World News

Harvey Gulf International Marine, the New Orleans-based LNG-powered PSV owner and LNG bunkering pioneer, secured contract extensions for a pair of its vessels. Image courtesy of Harvey Gulf Harvey noted it has signed two 18-month contract extensions for two of its LNG-powered PSV’s. The extensions will keep both vessels under

Gasum kicks off LNG supply under Equinor deal

11 May No Comments gregsamuel_e5x9azx4 LNG World News

The Nordic energy company Gasum has made the first delivery of liquefied natural gas to Equinor under the supply deal signed in January. Image courtesy of Gasum Under the agreement, Gasum will be supplying LNG to Equinor-chartered crude shuttle tankers. The first operation has been completed at Skagen where the

BIMCO: The crash of the bunker market and post-IMO 2020 reality

11 May No Comments gregsamuel_e5x9azx4 LNG World News

The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. “From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak times. Perhaps less

SSCV Sleipnir installs Nova module on Neptune’s North Sea platform

11 May No Comments gregsamuel_e5x9azx4 LNG World News

Heerema’s Sleipnir, the world’s largest semi-submersible crane vessel, has transported and installed the Nova topside module on the Gjøa platform in the North Sea. [embedded content] As previously reported, Sleipnir picked up the 740mT module from a barge outside Stavanger, Norway. From there, the vessel transported the module to Neptune

MISC posts quarterly loss, LNG revenue grows

11 May No Comments gregsamuel_e5x9azx4 LNG World News

Malaysian shipping company MISC reported a net loss in the first quarter of this year but the company’s liquefied natural gas business logged a 11.3 per cent rise in revenue. LNG carrier Seri Camellia (Image courtesy of MISC) MISC’s 1 .16 billion ringgit ($270 million) loss in the quarter is

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