Prices of spot liquefied natural gas (LNG) imported into Japan are continuing their rise pushed by dropping temperatures. Courtesy of K Line Data from Japan’s Ministry of Economy, Trade and Industry shows that the price of spot LNG contracted during December 2020 reaching $8.6 per mmBtu. This is the highest
French energy pair Total and Engie have signed a cooperation agreement to design, develop, build and operate France’s largest renewable hydrogen production site. La Mède biorefinery (Courtesy of Total) The Masshylia project will be set up at Châteauneuf-les-Martigues in the Provence-Alpes-Côte d’Azur South region. Located at the heart of Total’s
NYK will participate in the design, development and engineering work of a floating LNG storage and regasification power generation facility in Papua New Guinea. Courtesy of NYK Line The new FSRP facility will have the capacity to generate 75 megawatts of power to be exported to the local transmission grid
TechnipFMC has named Alf Melin as its new executive vice president and chief financial officer, effective January 25, 2021. Melin has been with the company since 1995 and has held multiple leadership positions in finance, treasury and operations. He currently serves as senior vice president, finance operations, where he is
Rystad Energy, the independent energy research and business intelligence company, analyzed the gas-related activity of 2020 and published a report that offers key figures and a long-term outlook on the future of the industry. Courtesy of Rystad Energy In 2020, Global natural gas production is estimated to have dropped by
Brittany Ferries’ newest LNG-powered E-Flexer cruise ferry, Salamanca, was launched at CMI Jingling shipyard in Weihai, China, on 6 January 2021. Image Courtesy: Brittany Ferries The ferry is the second of three E-Flexer class ships chartered by French shipping company Brittany Ferries from Sweden’s Stena RoRo and will join its
Russia’s largest independent natural gas producer and LNG operator Novatek has taken a step ahead to reduce its greenhouse gas emissions. Courtesy of Novatek The company said on Tuesday, 12 January, it has signed a memorandum of understanding (MoU) with NLMK Group to cooperate in areas to reduce GHG emissions.
Dutch ship designer and builder Holland Shipyards Group has signed a contract to build three additional hybrid ferries for Germany’s Schlepp- und Fährgesellschaft Kiel (SFK). The contract comes after Holland Shipyards Group delivered to SFK the hybrid ferry Gaarden in July 2020. The shipbuilder recently completed another ship for SFK.
Qatargas Operating Company (Qatargas) has completed the first-ever commercial ship-to-ship (STS) transfer of LNG cargo involving a Q-Flex LNG vessel. Courtesy of Qatargas The company said on Tuesday, 12 January that the transfer took place at Subic Bay, Philippines. A full cargo of 212,000 cubic meters aboard the Qatargas-chartered Q-Flex
The newbuild tanker Global Star from the world’s largest LNG shipper Qatar’s Nakilat has been charted to energy giant Shell. Courtesy of Nakilat Commercially and technically managed in-house by Nakilat, this is the second out of the four LNG carrier newbuilds to be delivered to Global Shipping, a joint venture