Liquefied natural gas (LNG) exports from the United States have reached the lowest level since December 2016.
Houston-based Pilot LNG is moving forward with a proposed floating liquefied natural gas bunkering facility on Pelican Island in Texas. The company said on Thursday it filled regulatory applications with relevant government agencies for the project named Galveston LNG Bunker Port. This includes the
The Finnish technology group Wärtsilä was contracted to deliver a complete bridge systems installation for five icebreaking LNG-fueled tankers to be constructed for the Arctic LNG-2 project.
Brussels-based contractor BESIX has been selected to build the marine facilities of the Mozambique LNG project in partnership with Mota-Engil.
China’s Chengxi Shipyard has secured an order to build two LNG-powered 50,000-dwt product tankers. CSSC Shipping, the leasing arm of China State Shipbuilding Corporation, is behind the order. Chengxi is also a unit of CSSC. The dual-fuel vessels have a price tag of $43 million, each. Several shipbro
The Japan Bank for International Cooperation (JBIC) has confirmed the $14.4 billion financing for the Mozambique LNG project has been finalized.
U.S. liquefied natural gas (LNG) exports have experienced a recovery in price despite a continued drop in cargoes shipped.
Delfin LNG, the company behind the floating export development in the Gulf of Mexico, has won a one-year extension from the US FERC. FERC staff approved Delfin LNG’s request for extension to September 28, 2021, to complete construction of the project’s onshore facilities and put them in service. The
Canadian LNG distributor Cryopeak has joined forces with marine bulk fuels transporter Island Tug & Barge to deliver bunkering services in British Columbia. Cryopeak said in a statement on Wednesday it signed a memorandum of understanding with ITB, a unit of Tidewater Canada. The duo have developed
French LNG containment specialist GTT has signed a global technical services deal with Norwegian shipowner Knutsen. Under the deal signed in June, the French company will support Knutsen with the maintenance and operation of 17 LNG carriers. GTT said in a statement on Wednesday the deal lasts until
Qatar’s Nakilat, the world’s largest LNG shipper, reported a 15.5 percent rise in first-half profit as it reduced administrative costs and purchased stakes in four vessels. The Qatari LNG shipping giant posted a net profit of 550 million riyals ($151 million) compared to 476 million riyals in 2019.
German logistics services provider Hoyer Group is expanding its liquefied natural gas (LNG) transport business footprint.
BW LPG, a unit of the Singapore gas shipping giant BW, has sold its old carrier Berge Summit to an unidentified owner for continued trading. The LPG shipper says the sale would generate about $9 million in liquidity and an expected net book gain of $4 million. BW took ownership of the 1990-built ver
The Hague-based LNG giant Shell has bought a ‘minor stake’ in GLX Digital, an Australian trading software solutions developer for global commodity markets.
