Tag: LNG

QatarEnergy signed definitive agreements with CPC Corporation, Taiwan (CPC) covering the long-term supply of LNG to CPC and partnership in the North Field East LNG expansion project (NFE).

According to the latest data from DNV's Alternative Fuels Insights (AFI) database, as posted on LinkedIn by Jason Stefanatos, Global Decarbonization Director, DNV, May brought forth a wave of optimism with 33 new orders for alternative fueled vessels.

According to the latest ABS research, geopolitical instability, scalability of fuel production and retrofits to existing vessels are key factors impacting the shipping industry’s journey to net zero by 2050.

Gasum and Equinor have signed a long-term contract whereby Gasum continues to supply LNG to Equinor’s dual-fuel chartered fleet of vessels.

Santos has signed a long-term LNG Supply and Purchase Agreement (SPA) with Hokkaido Gas Co. The agreement will supply up to approximately 0.4 million tonnes per annum of LNG for 10 years, commencing in 2027, from Santos’ LNG portfolio on a delivered ex-ship basis.

GAZ-SYSTEM has signed agreements with the Port of Gdańsk and the Maritime Office in Gdynia on a partnership for the implementation in the Port of Gdańsk of an investment that is strategic to the security of Poland – a floating LNG terminal of the FSRU type.

Flex LNG Ltd presented its first quarter 2024 results in a video webcast on May 23, 2024, where the CEO, Oystein Kalleklev, raised concerns over a Russian LNG-carrying dark fleet. 

Mitsui O.S.K. Lines, Ltd. (MOL) has signed of another long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA.

JERA, announced its intention to allocate 5 trillion yen (equivalent to $32.4 billion) in investments over the next decade towards renewable energy sources, alongside emerging fuels like hydrogen and ammonia, in addition to liquefied natural gas (LNG).

Tsakos Energy Navigation (TEN) announced that since the beginning of 2024, it has taken delivery of three Dual-Fuel LNG LR2 product tankers, “Ithaki DF,” “Chios DF,” and “DF Montmartre.”