China, the world’s largest energy consumer, boosted its imports of liquefied natural gas by 19 per cent in May. Q-Flex vessel at the ENN Zhoushan LNG terminal in China (Image: Qatargas) LNG imports totalled 5.23 million tonnes last month, data from the General Administration of Customs showed on Tuesday. In
China’s Yangzijiang Shipbuilding has secured an order from Hong Kong-based Tiger Gas to build LNG ISO tank carriers. Image: Yangzijiang Shipbuilding The deal includes a firm order for two vessels with options for eight more, the shipyard said on Tuesday. The order has a price tag of $102 million but
Liquefied natural gas (LNG) exports from the United States have declined by more than half so far in 2020, the U.S. Energy Information Administration said. Courtesy of Freeport LNG Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas for export were a record 9.8 billion cubic feet
Awilco LNG has agreed certain amendments to financial covenants in the sale/leaseback deals for its LNG tanker pair. Courtesy of Awilco LNG The company said in its statement that it has agreed with CCB Financial Leasing (CCBFL) to make certain temporary amendments to financial covenants in the sale/leaseback facilities for
Greece-based shipping company TMS Cardiff Gas has taken delivery of another LNG tanker built by South Korea’s shipbuilder Hyundai Heavy Industries. LNG carrier Qogir (Image: TMS Cardiff Gas) The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir. TMS Cardiff Gas took delivery of the newbuild LNG vessel
Belgian gas infrastructure company and Zeebrugge LNG terminal operator, Fluxys has set out to test market interest for the facility’s truck loading capacity. Coutesy of Fluxys Belgium – Franck Duez From June 17, until July 17, 2020, Fluxys is running a call for market interest regarding the expansion of the
Japanese shipping major Mitsui O.S.K. Lines (MOL) has devised a plan comprising defensive measures the company should take in order to reduce market exposure and reexamine investment activities in response to the coronavirus pandemic’s impact. In order to be able to chart its path forward, MOL had to review the
US LNG export project developer Tellurian said Tuesday it named its co-founder Charif Souki as executive chairman. Driftwood LNG (Image: Tellurian) Souki has been Tellurian’s non-executive chairman since founding the company in February 2016. Tellurian has recently delayed a final investment decision on its Driftwood LNG project to 2021 due
Holland Shipyards Group has won a contract for the delivery of two fully electric ferries from Norwegian ferry company Boreal. The vessels are planned to be put into operation on the Abelnes-Andabeløy and Launes-Kvellandstrand routes in the Agder province, Norway. The ferries will measure 49,80 by 14,70 and 29,80 by
US floating LNG player Excelerate Energy has recently taken delivery of its tenth floating storage and regasification unit from South Korea’s Daewoo Shipbuilding and Marine Engineering. Excelerate Sequoia (Image: Excelerate Energy) Excelerate Sequoia has a storage capacity of 173,400 cubic meters and is capable of operating both as an FSRU