LNG shipper Golar has secured a one-year fixed-time charter for one of its LNG carriers, generating approximately $36.5 million of revenue. Illustration only; Courtesy of Golar LNG In its commercial update, the Bermuda-based company said its seasonal strength of the LNG carrier segment remains encouraging. Increasing price arbitrages between LNG
The U.S. Department of Energy (DOE) has selected Shell-led consortium to demonstrate the feasibility and cost-effectiveness of large-scale liquid hydrogen (LH2) storage tank. Photo: Shell logo; Source: Navingo For the future energy system, it is of crucial importance that an effective hydrogen supply chain is established. This includes the ability
Greek owner and operator of LNG carriers GasLog has completed the sale of GasLog Salem LNGC to a subsidiary of China Development Bank Leasing (CDBL) for $128 million. Illustration only; Courtesy of GasLog By doing this, GasLog is releasing approximately $22 million of incremental liquidity. The company will also bareboat charter-in the
A rapid replacement of fossil fuels with renewable fuels based on green hydrogen and advanced biofuels could enable to cut up to 80% of CO2 emissions attributed to international maritime shipping by mid-century, a new report by the International Renewable Energy Agency (IRENA) finds. Renewable fuels should contribute at least
Bermuda-based Höegh LNG Partners has recently entered into a ten-year agreement with U.S.-based gas-to-power developer New Fortress Energy to charter the Höegh Gallant FSRU. Courtesy of Höegh LNG The ten-year charter will start in the last quarter of 2021. The Höegh Gallant FSRU will serve New Fortress’ Old Harbour facility
The Finnish technology group Wärtsilä will supply four shaft generator systems for two LNG Carrier vessels that the Sout Korean shipyard Hyundai Heavy Industries is building for the Greek ship management service provider Capital Gas. Courtesy of Capital Gas Each of the two 174,000 cubic metres LNG carriers will feature
Japanese utility Toho Gas has received the first carbon-neutral/offset LNG cargo from the Russian LNG producer Sakhalin Energy. Courtesy of Sakhalin Energy Sovcomflot’s LNG carrier Grand Aniva arrived at the Chita Terminal in Aichi Prefecture, Japan. It brought the first Sakhalin Energy’s carbon-neutral/offset LNG cargo, delivering it to Toho Gas. The
Greek owner and operator of LNG carriers GasLog has entered into a note purchase agreement with the U.S.-based investment companies Carlyle and EIG for an amount of up to $325 million. Illustration only; Courtesy of GasLog Specifically, the amount is up to $325 million of 7.75 per cent notes due
Italian energy player Edison and the Norwegian shipping company Knutsen held the naming ceremony for the LNG carrier Ravenna Knutsen that will serve the new small-scale LNG terminal in the port of Ravenna. Courtesy of Edison The ceremony took place on 11 October 2021 in the port of Ravenna. With
State-owned Pakistan LNG Limited received no offers in its tender for eight LNG cargoes for delivery over December to January. Courtesy of BW LNG In September, Pakistan LNG offered a tender of eight cargoes with December and January delivery. The windows for delivery were as follows: 6 to 7 December,
Offshore Wind Power Limited (OWPL) consortium partners with Repsol Sinopec and Uniper to develop Flotta Hydrogen Hub, a large-scale green hydrogen facility in Orkney. Courtesy of Flotta Hydrogen Hub Orkney OWPL is studying the use of offshore wind to power the production of green hydrogen on an industrial scale on
Mitsubishi, Chiyoda, and Sembcorp will collaborate on exploring the supply chain commercialisation of decarbonised hydrogen into Singapore, using Chiyoda’s tech SPERA Hydrogen. Illustration only; Courtesy of Sembcorp On 4 October, the Japanese and Singaporean companies signed a strategic collaboration memorandum of understanding (MoU). Under the deal, they are to explore