Pakistan’s investor-owned power utility K-Electric and state-owned Pakistan LNG have signed a liquefied natural gas (LNG) supply deal. Illustration only; Courtesy of Pakistan LNG K-Electric’s Bin Qasim Power Station 3 (BQPS-III) is a 900-megawatt combined cycle power plant based on regasified liquefied natural gas. It is located at Port Qasim
British shipping company P&O Cruises’ 180,000-tonnes LNG-powered cruise ship Iona has departed Southampton for its maiden voyage. Courtesy of P&O Cruises The Ionawas built by German shipbuilder Meyer Werft. It is the first of two LNG-powered vessels ordered by Carnival Corporation, the parent company for P&O Cruises. Measuring 344,5 metres
Starting next year, South Korea will offer tax rebates for LNG-fueled ships on its path towards becoming a regional LNG bunkering hub. Illustration only; Courtesy of KOGAS The country’s government revised legislation on tariffs in order to provide rebates for imported LNG used for vessels, as reported to Platts by
Japanese energy company Eneos Ocean has extended its charter agreement with Norwegian fertilizer company Yara International ASA for a liquified petroleum gas (LPG) carrier. The vessel MT Leo Sunrise was built in 2014 at Hyundai Mipo Dockyard. Its carrying capacity is 35000 cubic meters and its current draught is reported to be 10.4
Oil and gas giant ExxonMobil has started barge deliveries of the International Maritime Organization-compliant, low-sulphur marine fuel in New Zealand. Photo: ExxonMobil As informed, the company will be delivering two grades of IMO-compliant, low-sulphur marine fuel, namely, DMA 0.001%S (ultra low sulphur marine diesel) and DMB 0.01%S (low sulphur marine diesel) at the Port of
Netherlands-based MAN Rollo has delivered the first MAN Stage V generator sets for the Parsifal series LNG tankers built by Concordia Damen shipyard. Courtesy of MAN Rollo MAN Rollo delivers three new Stage V generator sets to the Dutch shipyard. Namely, two LNG and one diesel set. The MAN engines
Icelandic power company HS Orka and UK-based joint venture Hydrogen Ventures Limited (H2V) have revealed plans to develop a production plant for green methanol using green hydrogen to power the marine sector. The parties also intend to use this clean fuel to power domestic and commercial vehicles such as cars,
Japanese LPG trader and importer Astomos Energy Corporation has announced that it will bring the liquified petroleum gas (LPG)-powered very large gas carrier (VLGC) into operation later this month. The vessel is being built by compatriot shipbuilder Kawasaki Heavy Industries (KHI) at its Sakaide shipyard. Singapore-based shipowner Kumiai Navigation will operate the
European Maritime Safety Agency (EMSA) has awarded Italian classification society RINA a framework contract to support LNG bunkering initiatives. Illustration only; Courtesy of RINA Namely, these initiatives will deal with increasing the availability of LNG in the medium term with small-scale bunkering and depots. The ultimate goal is to expand
Oil major BP has completed the transaction for the sale and leaseback of the Greater Tortue Ahmeyim floating, production, storage, and offloading vessel (FPSO). U.S.-based oil and gas company Kosmos Energy, BP’s partner on the project, said on Monday that the completion of the transaction secured additional funding for the