Excelerate Energy’s floating storage and regasification unit (FSRU) Exemplar has anchored in the deep harbour Inkoo, Finland, to serve the country’s first FSRU-based terminal. Finnish transmission system operator Gasgrid Finland confirmed the Exemplar’s arrival on 28 December stating that “the float
Clean Jacksonville, also known as North America’s first liquefied natural gas (LNG) bunker barge, has reached another milestone after completing its 300th bunkering. According to a social media update by US shipping company Tote Maritime, Clean Jacksonville conducted the 300th bunkering operation on
South Korea’s defense and energy conglomerate Hanwha Group is reportedly looking to acquire a controlling share in compatriot marine engine maker STX Heavy Industries. Hanwha has set sights on buying a 47.81 percent share in the company from a local equity firm Pinetree Partners worth an estimated K
Due to increases in the liquefied natural gas (LNG) fuel costs and a “non-sustainable financial situation”, Norwegian ferry company Fjord Line has decided to rebuild its two ships from LNG-only engines to dual-fuel LNG / marine gas oil (MGO) engines. “The energy crisis, caused by the Russian invasio
Chinese energy company ENN LNG has decided to purchase additional volumes of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. Earlier this year, the companies signed a 20-year sale and purchase agreement under which Enn committed to buying 1.5 millio
TC Energy-led Coastal GasLink has set a strong foundation for the next and final year of construction, with the project achieving more than 80% its completion. The Coastal GasLink team said that among many achievements, the most notable ones include the 100% pipe installation in Sections 1 and 4, th
Chinese shipbuilding company Xiamen Shipbuilding Industry, part of Fujian Mawei Shipbuilding, has held a steel-cutting ceremony for the first liquefied natural gas (LNG)-powered RoRo ship being built for Bank of Communications Leasing (Bocomm Leasing) and COSCO Haite.
This year saw an ordering spree for LNG carriers amid spiking demand for LNG driven primarily by the ongoing geopolitical turbulence in Europe as the EU battles to break away from dependence on Russian gas instigated by Russia’s war in Ukraine. A total of 162 new orders have been placed so far this
Japanese electricity generator JERA has signed a key term sheet with Oman LNG for the long-term sale and purchase of liquefied natural gas (LNG). Under the 10-year agreement, JERA will purchase up to 12 cargoes (approximately 0.8 million tons) per year of LNG produced from the Oman LNG project start
US liquefied natural gas (LNG) export project developer Venture Global and Japan’s oil and gas company Inpex have signed a long-term sales and purchase agreement for the purchase of one million tonnes per annum (1 mtpa) of LNG for 20 years. Under the agreement, Inpex Energy Trading Singapore (IETS),
CSSC Huangpu Wenchong, a subsidiary of the China State Shipbuilding Corporation, has launched the second multi-purpose gas carrier being built for compatriot LPG carrier owner Tianjin Southwest Maritime (TSM). The 9,500 cbm vessel (hull number H5509) is the second ship from the series currently unde
Greek energy utility company Mediterranean Gas has completed the first phase of the market test for the expression of interest and capacity allocation for the ARGO FSRU terminal in Volos. According to Mediterranean Gas, an expression of interest was submitted by Greek and international companies, wh
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) is rounding off 2022 with the delivery of 209 ships, the equivalent of 14 million dwt. CSSC said that this year it secured the largest portion of new shipbuilding orders in the world, despite the challenges caused by the p
An upgrade of the world’s largest floating storage and regasification unit (FSRU) MOL FSRU Challenger has been completed, increasing its regasification capacity before deployment to Hong Kong. Following the upgrade at Keppel Shipyard in Singapore, the FSRU with a storage capacity of 263,000 cubic me
