Speaking about Dunkirk LNG terminal, Dunkerque LNG’s director of business development Cécile Grégoire-David, said that its position at the entrance to the North Sea benefits its to meet Europe’s increasing demand for LNG. Namely, a truck-loading bay and two jetties will contribute to that target.
Norwegian LNG shipping company Flex LNG expects a tight LNG shipping market in the years to come, driven by strong demand and new LNG supply coming on stream. The Olso-based shipper has four LNG carriers on the water and nine under construction for delivery from 2019 to 2021, Reuters reported.
On November 22, Qatar’s ambassador, Saoud bin Abdulrahman, visited Al Thani, Oldenburg and Wilhelmshaven for an information exchange regarding the construction of an LNG import infrastructure in Wilhelmshaven. Saoud bin Abdulrahman believes that Wilhelmshaven would be a good LNG location.
Gasum, is a Finnish expert in natural energy gases, and is renaming Skangas company since by October it holds the 100% of Skangas company. Altering its name will enhance the Gasum brand in the Nordic countries and the position of Gasum as the leading provider of LNG in the region. All Skangas companies will be renamed to Gasum. However, the business ID codes or contact details are not to be altered.
Swedish shipping company Terntank became the first operator to take on LNG and liquefied biogas (LBG) at the new bunkering facility at the Port of Gothenburg, on 27 November. Not only liquefied natural gas, LNG, but also liquefied biogas, LBG.
Novatek announced that Yamal LNG completed the first ship-to-ship LNG transshipment in the area near the port of Honningsvag in northern Norway. The Arc7 ice-class LNG tanker “Vladimir Rusanov” reloaded an LNG cargo to the lower ice-class designated tanker “Pskov”.
Greece launched a new LNG tank to enhance its storage capacity and boost its ambitions to become a key regional energy hub. The new tank was launched on the LNG terminal on Revithoussa island, increasing its total storage capacity by 73% to 225,000 cubic metres.
Novatek announced that its joint venture Yamal LNG has began initial production of LNG at the plant’s third LNG train. The overall nameplate capacity of all three LNG trains is 16.5 mmtpa, or 5.5 mmtpa per LNG train. Novatek launched all three LNG trains from Yamal LNG project more than one year ahead of the planned original schedule.
Norwegian oil major Equinor and Singapore-based Global Petro Storage (GPS) have entered into a long-term agreement for a terminal and storage for LPG (Liquified Petroleum Gas) volumes in Port Klang in Malaysia. This form is part of Equinor’s plan to bring LPG to the terminal and sell into the domestic market in South-East Asia.
Marine shipping activity and residual fuel oil demand were supported by US importers who were building inventory ahead of the holiday season. This activity was also supported by efforts to deal with escalating tariffs from the trade war between USA and China. However, marine shipping was slow in October, while the Baltic Dry Index was less by 5.5% between September and October.
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