Norwegian shipping company Flex LNG has entered into a time charter party agreement with a unit of U.S. LNG exporter Cheniere for Flex Aurora LNG carrier. Courtesy of Flex LNG Cheniere Marketing declared the option to employ a fifth LNGC from Flex LNG under the time charter agreements from April …
As of the beginning of April, Lithuania has completely abandoned Russian gas, satisfying all its gas demand through the Klaipeda LNG terminal. Courtesy of Ministry of Energy of the Republic of Lithuania On 2 March, the Ministry of Energy of the Republic of Lithuania informed that the country’s gas transmission …
Both government and commercial efforts are needed to speed up the transition to clean energy, since, as Shell says, the transition is not just about reducing CO2 emissions, but it is rather a political balancing act that needs government-led policies. Premium content Checking for account. You need javascript to validate …
South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order for the construction of two liquefied natural gas (LNG) carriers. Illustration. Courtesy of KSOE The order, valued at KRW 545.8 billion (about $448.1 million), has been placed by an undisclosed European shipowner. The agreement was signed on …
The world’s first carbon-free ammonia fuel bunker network is arriving in Scandinavia. Norwegian fertilizer company Yara International has pre-ordered 15 floating bunkering terminals from compatriot Azane Fuel Solutions, enabling the delivery of green ammonia fuel to the shipping industry. Photo: Yara Yara International and Azane Fuel Solutions have signed a …
The keel-laying ceremony has been held for Finnsirius, the first Superstar roll-on/roll-off passenger (RoPax) ferry ordered by Finnish ferry operator Finnlines. The keel laying was celebrated China Merchants Jinling Shipyard in Weihai, China, on 1 April 2022. The construction of the ship began in June last year. The two cargo-passenger vessels …
U.S. President Joe Biden last night announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump. In his speech, Biden revealed a two-point plan, which …
Japanese classification society ClassNK has granted approval in principle (AiP) to France’s GTT for its innovation applicable to LNG-fueled PCTCs and cruise ships. Courtesy of GTT The innovation is applicable to LNG-fueled pure car and truck carriers as well as cruise ships with Mark III membrane tank. This is an …
The U.S. Energy Information Administration (EIA) report says that weekly LNG exports are up this week, also followed by the Henry Hub spot price. Courtesy of Cheniere According to the latest Short-Term Energy Outlook from EIA, U.S. LNG exports increase by two vessels this week from last week. In total, 25 …
Oil major Shell has started production on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago. Shell made the Final Investment Decision for Project Colibri in March 2020. The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract for the …