According to Awilco LNG, LNG trade is estimated to have increased by 6% in the first nine months of 2018 compared to 2017. What is more, China is now the world’s largest importer of gas, having surpassed Japan. Nevertheless, volatility and seasonality should also be expected.
Australia is on its way to become the world’s biggest exporter of LNG, according to the energy economics group EnergyQuest, informing in its latest monthly report that total Australian LNG shipments were significantly higher in October at 6.4 million tonnes (Mt) – up 10.3% on 5.8 Mt in September.
The ‘LNGHIVE2: Infrastructure and Logistics Solutions’ project, coordinated by Spanish energy company Enagás, has been selected by the European Commission CEF for funding. The initiative aims to boost the use of LNG as a fuel for maritime and rail transport. The total investment in the project will be around 14 million euros, of which close to three million euros will be financed by European funds.
The Motorship Propulsion & Future Fuels 2018 conference was launched on November 14, focusing on fuels and propulsion technologies. The conference highlighted what needs to be done in order to meet the 2020 global sulphur cap goals, as well as IMO’s greenhouse gas emission reduction targets.
Russian natural gas major Novatek announced, through its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd., that it has shipped its first LNG produced cargo from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC), through the Northern Sea Route, as part of its plans to expand customer base in China.
In March 2018, almost 100 ships presented operational problems using residual fuels bunkered in Houston. The International Council of Combustion Engines reviewed the reported cases and concluded that until now there is no explanation regarding the root cause of the mentioned incidents.
The Hong Kong Legislative Council has recently approved the Air Pollution Control (Fuel for Vessels) Regulation, extending the 0.5% sulphur limit standard from ships berthed at port to ships generally operating in Hong Kong waters. From 1st January 2019, all vessels are required to use compliant fuel with a sulphur content not exceeding 0.5% or use scrubbers when within Hong Kong waters.
LNG Croatia received three bids for the Floating Storage & Regasification Unit with the provision of FSRU operation and maintenance services. After reviewing and evaluating the bids, LNG Croatia said that Golar’s bid was fully in line with the requirements of the tender documentation.
Sempra Energy announced that it has signed three agreements with Total, Mitsui and Tokyo Gas for the full export capacity of Phase 1 of the Energia Costa Azul liquefied natural gas project located in Baja California, Mexico. This would be the first LNG export project on Mexico’s Pacific coast.
Saras will construct new bunkering terminal at its plant in Sardinia in order to market a cleaner marine fuel with even lower sulphur content which will be compliant with the IMO 2020 global sulphur limit. The Italian energy provider is investing in infrastructure that will allow ships to dock outside its 300,000-barrels-per-day Sarroch refinery in Sardinia to directly load ultra-low-sulphur marine fuel oil.
EMSA: Overview of maritime casualties in 201716/11/2018
Awilco LNG: LNG trade has increased 6% in 201816/11/2018
Two ships collide off Borkum, Germany16/11/2018
USCG ceased ferry operation in South Carolina16/11/2018
Port of Savannah marks container moving record in October16/11/2018
BIMCO updates ship repair contracts16/11/2018
Nor Shipping lays eyes on sustainability ISO certification16/11/2018
Australia set to become world’s biggest exporter of LNG16/11/2018
India jumps 23 ranks in port development, World Bank report says16/11/2018
EU to fund LNG infrastructure project16/11/2018