Tag: alternative fuels

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Russian JV launches LNG production project

PAO Novatek informed that its joint venture with Gazprombank Cryogas-Vysotsk has started full-scale production of LNG. During the official ceremony at the port of Vysotsk, Russian President Vladimir Putin has formally launched the Cryogas-Vysotsk LNG project. The project’s initial design capacity is 660 thousand tons of LNG per annum, and its infrastructure includes a 42 thousand cubic meters LNG storage tank and an offloading berth.

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LNG to face a US$200bn capex boom

According to Wood Mackenzie, the LNG boom has returned. Over the course of the next two years, almost 90 million tonnes per annum of LNG is expected to take final investment decision and begin construction. Research from Wood Mackenzie indicated that capital expenditure for both LNG plant and upstream infrastructure will amount to over US$200 billion between 2019 and 2025.

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Polish LNG terminal receives more financing to expand

Approximately €128 million from the European Regional Development Fund is invested in extending the Świnoujście LNG terminal. The current investment adds to over €250 million invested by the EU in the LNG terminal and to more than €2 billion in Polish energy infrastructure since 2007. The LNG regasification terminal in Świnoujście is the biggest LNG facility in Northern Europe and in the Central and Eastern Europe.

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Bangladesh receives its second LNG FSRU

Bangladesh’s second LNG storage and regasification vessel has moored off its coast, aiming to help supply the country with the alternative fuel. The FSRU 'Summit LNG' is moored 6 km off the island of Moheshkhali in Cox’s Bazar. It is expected that around 3.75 million tonnes a year of LNG will be imported through the facility, thus doubling Bangladesh’s LNG import capacity to 7.5 million tonnes per year.

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Decarbonisation of the shipping industry: yes we can, because we must

As the shipping is becoming more and more interested in reducing its emissions, Chris Chatterton, COO of the Methanol Institute, discusses about the challenges arising from decarbonisation for the maritime sector. The next decade and beyond will be far more complex for the shipping industry than the previous one and the carbon challenge sits behind every analysis, Mr. Chatterton argues.

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Alternative Fuels post 2020

During his presentation at the last GREEN4SEA Conference, Dr. John Kokarakis, Chairman, Greek Section, SNAME, describes the possible reality regarding alternative fuels after the 2020 sulphur cap. Mr. Kokarakis notes that the future economy will be multi-fueled, which is why ship owners must make the right choice for their fleet.

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