Qatar Petroleum has put pen to paper on a 10-year LNG sale and purchase agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec). Courtesy of Qatar Petroleum The company said in its statement on Monday the deal is for the supply of 2 million tons per annum (mtpa) of LNG …

Classification society Bureau Veritas has completed the classification of the Torman LNG floating regasification unit (FRU) at Tema port, Ghana in sheltered waters. Courtesy of Bureau Veritas The unit is combined with a floating storage unit (FSU) for the delivery of gas to onshore consumers in Ghana. This development of …

The American Bureau of Shipping has issued an Approval in Principle to Australian Global Energy Ventures for their C-H2 Ship containment system. The hydrogen containment system, patent-pending, is the most critical component of the company’s C-H2 Ship. C-H2 Ship; Image credit: GEV It is made up of two large (20 …

Singapore-based NYK Bulkship (Asia), part of Japanese shipping group Nippon Yusen Kabushiki Kaisha, has signed a contract of affreightment (COA) with Neste Shipping Oy, a subsidiary of Finnish Neste Oyj (Neste), for the ocean transportation of renewable diesel. Under the deal, NYK Bulkship (Asia), the medium range (MR) product/chemical tanker …

The Finnish technology group Wärtsilä has won the contract to supply the Cargo Handling and Fuel Supply systems for six new 93,000 cubic meters capacity Liquid Petroleum Gas (LPG) carrier vessels. Courtesy of Wärtsilä The six very large LPG carrier vessels, which will be among the largest vessels of this …

India’s liquefied natural gas (LNG) imports have slipped again during the second of the year. Courtesy of Petronet LNG Data from the oil ministry’s Petroleum Planning and Analysis Cell monthly report shows that February LNG imports reached 2.81 billion cubic meters. This is a 20.2 per cent drop compared to …

The UK government launched today a £20 million (about $27.7 million) competition to make innovative green maritime ideas a reality. As informed, the fund will be used to support the development of prototype vessels and port infrastructure that could then be rolled out widely – propelling the sector towards net-zero, …

FGEN LNG, a unit of First Gen for its LNG import facility, has shortlisted two bidders to supply FSRU for the terminal in Batangas. Courtesy of First Gen; Illustration only The shortlisted preferred tenderers are FSRU majors BW Gas and Hoegh LNG Asia. The firms will continue to the final …

U.S. energy giant Chevron has made a decision to cease funding the feasibility work for the proposed Kitimat LNG project in Canada. Courtesy of Chevron The company revealed its plans in 2019 to divest its 50 percent interest in the proposed project in British Columbia, as part of its global …

Shipbroker Simpson Spence Young (SSY) claims forward freight agreements (FFAs) will play an integral role in the volatile LNG market. SSY: FFAs will play a key role in LNG market LNG freight futures contracts based on Spark Commodities’ price assessments were launched by Intercontinental Exchange (ICE), a company that operates …