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Quartet forms Northern Sea Route LNG transportation partnership

7 Jun No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Novatek Russia’s Novatek, China COSCO Shipping Corporation, Sovcomflot and Silk Road Fund have signed an agreement regarding the Maritime Arctic Transport (MArT) joint venture.  According to the agreement, the parties intend to establish a long-term partnership providing for the joint development, financing and implementing year-round logistics arrangements

Peruvian LNG exports edge down in May

7 Jun No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Peru LNG Peruvian liquefied natural gas (LNG) export facility in Pampa Melchorita shipped a total of four cargoes in May 2019, one below the number of cargoes shipped in May 2018.  Data from the state-owned Perupetro shows that out the four cargoes two landed in China and

Flex LNG takes delivery of fifth LNG carrier

7 Jun No Comments gregsamuel_e5x9azx4 LNG World News

 Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has taken delivery of its fifth LNG carrier. Flex LNG said via social media channels on Friday that the Flex Constellation was delivered three weeks ahead of schedule. According to the

Novatek signs Arctic projects equipment, cooperation deals

7 Jun No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Novatek Novatek, Russia’s largest private gas producer, has signed a series of cooperation deals for the equipment supply and the development of Arctic projects.  The company said in separate statements it has signed an agreement of intent with Gazprom Neft to establish a joint venture that would

LR approves HHI’s dual-fuel VLCC design

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Lloyd’s Register Classification society Lloyd’s Register has awarded Hyundai Heavy Industries with an approval in principle (AiP) for a very large crude carrier (VLCC) design.  The vessels would be capable of using a combination of volatile organic compounds (VOC) mixed with LNG as fuel and Norsepower’s rotor

GasLog, GasLog Partners step out of The Cool Pool

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of GasLog GasLog and GasLog Partners have decided to assume commercial control of their vessels currently operating in the LNG carrier spot market through The Cool Pool. The Cool Pool is an LNG carrier pooling agreement between GasLog and Golar LNG, focusing exclusively on spot fixtures of up

Dynagas LNG Partners first-quarter profit slips

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Dynagas LNG Partners Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, reported a lower first-quarter income as operating expenses rose.  The partnership reported a net income for the quarter ended March 31, 2019, of $1.9 million which compares to $4.8 million in the

Titan LNG gets Bureau Veritas approval for FlexFueler pontoon

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Titan LNG Service supplier of liquefied natural gas Titan LNG has received class approval from Bureau Veritas for its bunkering pontoon, the FlexFueler001. FlexFueler001 is the first LNG bunkering pontoon in northwest Europe for the Amsterdam – Rotterdam – Antwerp (ARA) region. The solution is designed to

Lithuania: Achema books additional LNG terminal capacity

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Klaipedos Nafta Lithuanian fertilizer producer Achema booked additional capacity at the country’s liquefied natural gas import terminal in the port of Klaipeda.  The terminal operator Klaipedos Nafta (KN) said in a statement on Wednesday that additional capacities at the terminal were allocated to Achema during the current

Saipem-led joint venture scores work on Anadarko’s Mozambique LNG project

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Anadarko CCS JV, a joint venture between McDermott, Saipem, and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum for work on the Mozambique Area 1 LNG development. McDermott said on Wednesday that CCS’s project scope included onshore engineering, procurement, and construction (EPC) for all

New Fortress to develop LNG-to-power infrastructure in Angola

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

Illustration only. Image source: Pixabay under CC0 Creative Commons license. New York City-based New Fortress Energy (NFE) signed a memorandum of understanding (MOU) with the Angolan authorities to develop a liquefied natural gas (LNG) terminal to supply natural gas to Angola for power generation. Under the MoU signed with the

NextDecade names BoD chairman

6 Jun No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of NextDecade US LNG export project developer NextDecade elected Mathew Schatzman, company’s chief executive officer, to serve as chairman of the board.  Schatzman assumed his additional duties effective June 4, 2019, the company said in a statement. Matthew Bonanno, who served as interim chairman since May 14, 2019,

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