zoomIllustration purposes only (Image courtesy of Shell) Dominion Energy confirmed on Friday that the first LNG cargo from its Cove Point terminal in Maryland, the second US facility to produce LNG from shale gas, has departed the facility. Shell’s 136,985-cbm LNG carrier Gemmata, carrying the first cargo of LNG from Cove
Image courtesy of Novatek Novatek-led Yamal LNG said it reached a milestone shipping the first million tons of LNG produced at its first train. The first LNG train comprising 5.5 million tons per annum commenced LNG production in the fourth quarter 2017 with the loading of the inaugural tanker, the
Image courtesy of Cheniere Cheniere’s Corpus Christi LNG export project could start producing the first liquefied natural gas before the end of the year. Speaking at an LNG industry conference, Cheniere Marketing’s director origination Douglas Wharton said the company is hopeful of starting LNG production by the end of the year,
zoomImage courtesy of Sempra Energy San Diego-based energy company and LNG operator Sempra Energy reported 2017 adjusted earnings of $1.37 billion, up from $1.27 billion in 2016. The company’s adjusted earnings for the fourth quarter of the year reached $389 million, up from $383 reported in the corresponding period last
Image courtesy of Sembcorp Marine Singapore-based Sembcorp Marine said its liquefied natural gas (LNG) carrier repair business remained ‘top of the list’. The company’s president and CEO Wong Weng Sun, during the full year results briefing, said the yard repaired and upgraded a total of 34 LNG ships during 2017, more
Image courtesy of Sovcomflot Russia’s largest shipping company Sovcomflot signed on Tuesday time-charter agreements with the Hague-based energy giant Shell for two liquefied natural gas (LNG)-fuelled Aframax tankers. The vessels are part of a series of six Sovcoflot tankers currently under construction at Hyundai Heavy Industries’ unit, Hyundai Samho and
zoomImage courtesy of EIB The European Investment Bank (EIB) and ING today signed an agreement to support green investments for the European shipping market for a total value of €300 million ($370.6 million). ING and EIB will each contribute €150 million to the facility that aims to aid the transition of the shipping
zoomImage courtesy of Eidesvik Norway’s Eidesvik Offshore has secured multiple contracts for its liquefied natural gas (LNG)-fueled platform supply vessels Viking Prince and Viking Queen. PSV Viking Prince is awarded an 85-day contract with Deceiper Production for operation on the UK continental shelf with a start-up date in February 2018,
Image courtesy of GasLog Monaco-based LNG shipper GasLog reported a profit for the full-year of 2017 as compared to a net loss in the previous year. Profit attributable to GasLog owners reached $15.5 million last year as compared to a loss of $21.4 million the year before. Revenues were $525.2