Hadi Haghshenas, deputy director of maritime affairs in Iran, supported, during the closing ceremony of the 26th conference on coordination of marine organizations in Tehran, that they expect the government’s support in favour of using low-sulfur fuel in the country’s fleet over the next ten months.
In line with CMA CGM’s earlier announcement that it would opt for both LNG and scrubbers to achieve compliance with 2020 sulphur cap, the French shipping company has now set its newbuilding orders, split between the two options.
Dutch maritime companies collaborate on the Green Methanol Project, in support of Maritime Knowledge Centre, to investigate the use of methanol as a sustainable alternative transport fuel in the maritime sector. Dutch shipowners, shipyards, manufacturers and ports of Amsterdam and Rotterdam have joined forces ahead of the IMO’s 2020 sulphur cap.
Euroseas Ltd, a Greek containership owner, is planning to use low sulphur fuels to be compliant with the IMO’s 2020 sulphur cap regulations. In its full year results call Euroseas said it was eschewing fitting scrubbers to meet the demands of the sulphur cap and will use compliant low sulphur fuels.
China will build new liquefied natural gas (LNG) terminals and expand the capacity of existing terminals in its Greater Bay area, China’s cabinet said on February 18, according to a report by official news agency Xinhua.
Tango FLNG (floating LNG), previously known as the Caribbean FLNG, arrived in Argentina on early February. The gas unit voyaged from China onboard a heavy lift vessel. The floating LNG unit will remain in Argentina and produce LNG for export for the Argentinian energy company YPF over a 10-year period.
In its Energy Outlook for 2019, BP reports that the transport sector will continue to be dominated by oil, despite the increasing penetration of alternative fuels, and particularly electricity and natural gas. Oil used in transport will rise by 4 Mb/d (220 Mtoe), with most of that demand deriving from increased use in aviation and marine, rather than road transportation.
Excelerate Energy and Equinor Energy completed the first-ever ship-to-ship (STS) transfer of LNG in The Bahamas on February 7, 2019. The STS was conducted using Excelerate’s 150,900 cbm floating storage regasification unit (FSRU) Exemplar and Equinor’s 142,759 cbm LNG carrier Arctic Voyager.
IEA published its gas outlook concerning global markets, business models and pricing arrangements. Although the World Energy Outlook doesn’t have a forecast for what gas markets will look like in 2030 or 2040, the scenarios and analysis provide some insight into the factors that will shape where things go from here.
in 2018, around 450 kb/d was shipped to the US. The decrease in exports also shows the collapse of production over the same period from 3.4 mb/d to about 1.3 mb/d today. In quantity terms, in 2019 the US will rise its crude oil production by more than Venezuela’s current output. In quality terms, it is more complicated, IEA notes.
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