A brand new liquefied natural gas carrier owned by France LNG Shipping has started a long-term charter with a unit of state-controlled utility EDF. France LNG Shipping is a joint venture consisting of Japanese shipping giant NYK and Geogas LNG, a company controlled by LPG shipper Geogas and European
Royal Dutch Shell has taken part in two liquefied natural gas bunkering operations in the French port of Marseille and in the Dutch port of Rotterdam. In the Port of Marseille Fos, Shell and Carnival carried out the first-ever ship-to to ship LNG bunkering operation in France supplying fuel to the 2
The Export-Import Bank of the United States said Thursday it has amended its previously approved loan for the Total-led $20 billion Mozambique liquefied natural gas export project. The bank approved a loan for up to $5 billion in September last year to support the export of U.S. goods and services r
Singapore’s ST Engineering has launched a new design for a dual fuel LNG-powered catamaran fast crew boat optimised for crew transfer in the offshore sector. ST Engineering’s marine arm developed the 76 meters long catamaran in a collaboration with Australia’s marine engineer Incat Crowther. The ves
The United States exported less liquefied natural gas cargoes in the week ending May 13 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that five US terminals dispatched eleven LNG shipments between May 7 and
Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increa
Qatari LNG shipping giant Nakilat said on Thursday it started the second phase of its fleet management transition from Shell’s trading and shipping unit. Q-Max LNG carrier Al Mayeda is the first of seven vessels that will transition to Nakilat’s management as part of a phased changeover deal. To rem
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
Russia’s huge new shipbuilding complex Zvezda has launched its first vessel, an Aframax tanker named Vladimir Monomakh. The dual-fuel tanker, running on traditional fuel and liquified natural gas, is designed to carry oil in unrestricted navigation. The ice-class ICE-1A vessel features a length of 2
LNG producers with short-run marginal costs (SMRCs) that exceed spot prices are increasingly looking to curtail production.
The government of Australia’s state of Queensland is ramping up efforts to boost local natural gas supply by opening new land for gas exploration. Queensland is unlocking more than 6700 square kilometres of gas exploration acreage in 12 parcels located in the Bowen and Surat Basins. The land is loca
Prices of the spot liquefied natural gas imported into Japan during the month of March slipped below $3 per mmBtu in April.
Australian exports of liquefied natural gas (LNG) have held up despite the effects COVID-19 spread had on economic activity.
The London-based Baltic Exchange has launched a tool to provide quarterly assessments on the cost of operating liquefied natural gas and liquefied petroleum gas tankers. The Baltic Exchange said in a statement that data will be provided by independent third-party ship management companies. These com
