Tag: LNG infrastructure

  The U.S. Trade and Development Agency awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal.  When the Panama Canal expansion project is completed next year, the Canal is expected to handle significant LNG tanker traffic.  In order to capitalize on this growth, the ACP is interested in developing LNG-related infrastructure projects, including an import terminal. “The U.S. Government is very pleased to partner with the Panama Canal Authority through this USTDA grant as the ACP looks to develop a LNG import terminal in the coming years to take advantage of the Canal expansion project,” said Chargé d’Affaires Kevin M. O’Reilly, who signed the grant agreement along with ACP Administrator/CEO Jorge L. Quijano. "As we near the completion of the Panama Canal Expansion, we are eager to explore new segments such as LNG, which are now possible given our enhanced capacity to accommodate longer and wider ships. This grant by the USTDA will build on plans and projects related to LNG that are already ongoing and will present us with the ability to evaluate additional market opportunities and client services for the benefit of the U.S.-Panama energy trade," ...

  Trafigura Pte Ltd, and Singapore LNG Corporation, operator of the country’s first liquefied natural gas (LNG) terminal, have signed a storage agreement to utilise excess capacity within the Singapore LNG terminal on Jurong Island. “SLNG is very pleased to offer our Storage & Reload services to multinational commodity trading house, Trafigura. This agreement will not only allow our company to better optimise the use of the spare capacity at our terminal, it is also a step forward in facilitating LNG trading out of Singapore,” said John Ng, Chief Executive Officer at SLNG. “We are proud to have been selected by SLNG for this term storage agreement which further enhances Trafigura’s ties with the state of Singapore and will help us demonstrate our commitment to security of supply for our Asian customers,” said Hadi Hallouche, Head of LNG at Trafigura.   Source: Trafigura / Image Credit: Singapore LNGIn the starting, I was frank with you propecia before and after has changed my being. It has become much more fun, and now I have to run. Just as it is incredible to sit.

  Engie and Novatek have signed a sales and purchase agreement for one million tons of LNG from the Yamal LNG project annually, over a 23-year period starting from 2018. The 23-year contract stipulates annual supply of one (1) million tons of LNG from the volumes that Novatek Gas & Power will purchase from Yamal LNG according to the previously signed contract. The LNG will be supplied FOB Montoir-de-Bretagne (the western coast of France), where it will be transferred to the LNG vessels of the ENGIE’s fleet. Chairman of the Management Board of NOVATEK, Leonid Mikhelson stated: “Signing another long-term binding agreement on LNG supply from the Yamal LNG Project ensures well balanced LNG sales portfolio and contributes to closing the Project’s external financing. ENGIE is a reliable partner, and we expect that this cooperation will enable us to gain additional expertise in LNG marketing”. Gerard Mestrallet, Chief Executive Officer of ENGIE, declared: “The signature of this SPA is a great achievement for ENGIE and NOVATEK. These volumes will complement and diversify ENGIE long term supply portfolio. They will allow us to address the growing LNG demand, as well as our customers concern for a reliable, environmental-friendly energy”. Source and ...

  BMT Asia Pacific (BMT),  has been appointed by Endeavour Energy for the development of the LNG storage and regasification facility, a part of the Ghana 1000 Gas to Power Project and Africa’s first LNG import terminal. Endeavour is co-leading development with General Electric, Eranove and local partners Sage Petroleum with the aim of providing the Ghanian government with Sub Saharan Africa’s largest power park, providing more than 1000MW to the national grid once completed. Excelerate Energy is providing assistance in siting the floating LNG terminal infrastructure, engineering and providing the dedicated floating LNG regasification vessel - FSRU (Floating Storage Regasification Unit) to supply gas to the power plant, an integrated gas to power solution that is expected to lower the costs of electricity and provide additional gas for other consumers. Through its LNG industry experts and marine engineers, BMT will be working closely with Endeavour and Excelerate Energy in conducting FEED level studies which include operability assessments, infrastructure design and optimization studies for the supply of gas from the offshore moored FSRU via subsea infrastructure to the onshore gas turbines at Aboadze, Ghana.  In March 2015, Shell and the Ghana 1000 consortium entered into exclusive SPA negotiations regarding a long-term ...

DNV GL took part in the industry conference ”LNG – Full speed ahead“, hosted by Hamburg’s trade authority and a number of German and Dutch LNG organizations and platforms. The conference aimed at strengthening relationships between the Dutch and the German Maritime LNG Platform and discussing the opportunities and challenges both countries face in developing LNG as a fuel for shipping. The Dutch Royal couple, the Dutch Minister for Foreign Trade and Development Cooperation as well as the Parliamentary State Secretary at the German Federal Ministry for Economic Affairs and Energy and Hamburg’s Senator for Economic affairs were among the 150 people, who attended the event in Hamburg’s historic fish auction hall. “LNG has great potential. And we know from LNG operations on gas tankers that it is extremely safe to use, both in ships and in bunkering facilities”, said Alfred Hartmann, President of the German Shipowners Association. But what the industry needed, was a level playing field, he added. “At the moment there are still several challenges, one of them is that authorities need to establish a legal framework and structural regimes for LNG operation,” said Jan Tellkamp, Principal Consultant Project Management at DNV GL, at the panel discussion ...

  Gate terminal announced the ceremonial start of the construction activities for the new LNG break bulk infrastructure at its site at the Maasvlakte in Rotterdam. The Port of Rotterdam has begun with the excavation of a new harbour basin next to Gate terminal. The new facility is expected to boost the use of liquefied natural gas (LNG) as a cleaner and affordable transportation fuel in the Netherlands and Northwest Europe.  Break bulk (or small-scale) services aim to split up large-scale LNG shipments into smaller parcels. This enables the distribution and use of LNG as a cleaner fuel alternative for maritime vessels, ferries, trucks and industrial applications. Since 2011 Gate terminal enables overseas LNG import into Europe. Gate terminal contributes to diversifying the European gas supply by providing access to LNG from around the world. At Gate terminal, LNG is received, stored, reloaded or regasified for the Northwest European gas grid. These activities have formed the basis for the current development of small-scale services. To mark the start of the development of LNG break bulk infrastructure and services Gate terminal has organized a ground breaking event on 31 March. Chief Executives representing players from across the complete LNG and logistics ...

  Latest bcg.perspectives by The Boston Consulting Group include an analysis on how the shipowner  may decide which marine fuel option will provide the highest return in the coming years and how they will comply with the increasingly stringent rules and regulations imposed by regulators. According to the analysis, shipping companies need to decide when to invest in switching to liquefied natural gas or other environmentally friendlier fuel options. Uncertainty about the effective date of a global cap on sulfur emissions has added to the complexity. The choice among fuel options is not clear-cut, as each one has benefits and drawbacks. To help shipping companies navigate through the challenging investment decisions, BCG has developed a proprietary tool that evaluates the business case for each fuel option over the next 15 years. If their investments to comply with emissions regulations are well designed and executed, companies can expect a net positive return. The answers to a set of strategic questions can help companies identify which option is the best fit: Do you know the business case for investments in each fuel option for your fleet, as segmented by vessel type, vessel size, and route? What percentage of your fleet operates exclusively ...

On 7th January Qatargas delivered the first cargo of Liquefied Natural Gas (LNG) under the long-term Sale and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited  and PTT Public Company Ltd. to the Kingdom of Thailand’s Map Ta Phut LNG receiving terminal. The cargo arrived aboard of a Q-FLEX LNG vessel Al Ghariya. On 8 January 2015 Qatargas hosted a ceremony at Map Ta Phut LNG receiving terminal to mark the occasion. The event was attended by H.E. Narongchai Akrasanee, Minister of Energy of the Kingdom of Thailand, Dr. Pailin Chuchottaworn President & CEO of PTT Public Company Limited, PTT Senior Management and representatives from PTT LNG (Terminal Operator). From Qatargas, Khalid Bin Khalifa Al-Thani, Qatargas Chief Executive Officer, H.E. Jabor Bin Ali Al-Dosari, Ambassador of Qatar in the Kingdom of Thailand and other Senior Management were also present. Khalid Bin Khalifa Al-Thani, Qatargas Chief Executive Officer said:“This is an important milestone for Qatargas. Not only are we honored to have been the first supplier of LNG to the Kingdom of Thailand, today we celebrate the delivery of the first LNG cargo under the SPA agreement which was signed back in 2012. This demonstrates our commitment and further strengthens ...

On 2nd January 2015 LNG (Liquefied Natural Gas) was loaded aboard Coral Energy, the Skangass time chartered ship, at the Fluxys’ LNG Terminal in Zeebrugge. This was the first Skangass loading at Zeebrugge under the recent concluded agreement between Skangass and the energy company Eni. The recent agreement entered into between Skangass and Eni is one of the largest small scale agreements for LNG. It secures the small scale LNG availability in the Nordic markets and supports EU programs for clean industry. Coral Energy is carrying the LNG to Skangass’ LNG receiving terminal in Lysekil, Sweden. The LNG is further distributed to clients in Sweden by pipeline or trucks. Skangass is continously developing the LNG infrastructure in the Nordic markets. A new receiving terminal is under construction in Pori, Finland that will be completed in 2016. The company has decided to invest in a LNG terminal in the port of Röyttä in Tornio, Finland. Construction to be completed in 2018. Source and Image Credit: Skangass In the outbreak, I was frank with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is incredible to sit.