Vallianz Holdings Limited has entered into a binding two-year Memorandum of Understanding (MOU) with SeaTech Solutions International to develop environmentally-friendly harbour tugs. The all-electric tugs are based on SeaTech’s EVT-60 design, powered by clean energy with an aim of zero carbon emission. Measuring an overall length of 26 meters and
Nippon Yusen Kaisha (NYK Line) has concluded a shipbuilding contract with China Merchants Jinling Shipyard (Nanjing) for four LNG-fueled PCTCs. Courtesy of NYK These four vessels will be delivered from 2022 to 2023 and are planned to be assigned to transport vehicles mainly to and from Europe and/or to the
The U.S. Energy Information Administration reported a drop in weekly LNG exports, while Henry Hub price jumped. Courtesy of Cheniere In the latest Short-Term Energy Outlook for this week, EIA reports the Henry Hub spot price rose from $2.91 per million British thermal units (MMBtu) last Wednesday to a weekly
India’s largest importer of liquefied natural gas, Petronet LNG, has approved the creation of an LNG bunkering unit. Courtesy of Petronet LNG The company noted earlier this week that the unit will undertake the variety of LNG services. These services include but are not limited to the gassing up and
US LNG export project developer Venture Global LNG, has secured a $500 million loan for its Plaquemines project. Courtesy of Venture Global The company noted on Thursday it has agreed the loan with JPMorgan Chase Bank, Morgan Stanley Senior Funding, Mizuho Bank, and Bank of America. The proceeds will be
Qatar has been put back on track to become the world’s largest LNG producer by 2030, following Qatar Petroleum’s decision to approve the construction of the $30 billion North Field Expansion project. Courtesy of Qatargas More projects are expected to join NFE, as LNG demand will grow faster than supply,
AW-Energy has announced its entry into the commercial hydrogen market by introducing a combined WaveRoller wave energy device and HydrogenHub process for the production of green hydrogen. WaveRoller in operation (Courtesy of AW-Energy) When combined with other renewable energy sources, AW-Energy wave energy device can enable significant green hydrogen cost
Polskie LNG, a GAZ-SYSTEM company, and Polish LNG terminal operator has been granted a permit to build the third storage tank at the Polish import facility. Courtesy of Polskie LNG The permit, granted by the West Pomeranian Voivode, allows the project to add a 180,000-cbm storage tank. The new tank,
Powering ships with hydrogen that can be refueled at offshore floating solar islands sounds like a perfect sustainable shipping alternative. Now, the idea is coming closer to reality in the Netherlands with a prototype of such solar island set for testing on the Waal near IJzendoorn through a joint effort
U.S. LNG exporter Cheniere Energy has filed a request with the regulator to place its Corpus Christi LNG Train 3 into commercial operation. Courtesy of GasLog The company request in its filing to the Federal Energy Regulatory Commission (FERC) that the permit is granted no later than March 12, 2021.
Boskalis has announced the successful completion of dredging operations for the development of the first large-scale LNG export terminal in Canada. For three seasons, the company worked under harsh weather conditions to remove and remediate soil at the site of the future terminal in Kitimat. Boskalis’ hopper dredgers Beachway and
Petronas Trading Corporation (Petco) signed a deal with Sumitomo Corporation for LNG bunkering in Malaysia and Tokyo Bay, Japan. Courtesy of Petronas Petco, a unit of Malaysian energy giant Petronas, signed a memorandum of collaboration with Sumitomo to jointly market and supply LNG and related services through Petronas Marine. The