The US Department of Energy gave the green light on the export of the domestic LNG production from Venture Global LNG’s Calcasieu Pass LNG terminal being built in Louisiana. Thus, Venture will export more than 1.7 billion cubic feet per day of natural gas as LNG to countries that do not have a free trade agreement with the U.S.
Russian natural gas producer Novatek will launch a medium-scale LNG plant in Vysotsk, in Leningrad Region, with a capacity of 600.000 tonnes by April 2019, as NOVATEK CEO Leonid Mikhelson informed Vladimir Putin. Through Vladimir Putin’s briefing, the CEO reported that in a month the company has scheduled to launch a medium-scale LNG plant mostly for bunkering purposes.
LNG Russian deliveries to Europe achieved a record in February leading the path among other suppliers. Novatek-led Yamal LNG project delivered 19 cargoes reaching 1.41 million tons to Europe, Reuters states. These volumes reached the highest since the project was launched in December 2017; That results to Russia being the top supplier to the European LNG import terminal.
The port of Ferrol has hosted liquefied natural gas (LNG) refueling operations to ships that use this product as fuel, instead of fuel oil or diesel oil. The two operations were performed on February 23 and 24 respectively. They were carried out on the outer jetty, which is the dock of the inner dock where small and medium-sized cruise ships usually dock when they visit the city.
SEA/LNG announced that is firmly supports that LNG is a viable pathway to be in line with IMO’s 2020 GHG targets. The shipping sector has two important paths two follow. Firstly, the industry aims to a rapid improvement of air quality. Secondly, the decrease of GHG emissions is vital.
The merger between Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering is expected to boost the orderbook of LNG vessels, according to Vessels Value. The merger will double the orderbook of HHI from USD 6 billion to more than USD 12 million. In the possibility that the merger is official and finalized, the results will have reverberations in the newbuild market.
India’s imports of liquefied natural gas experienced a decrease in January 2019. As data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC) address, the imports reached 2.13 billion cubic meters, 11.6% below the same month in 2018.
IEA published its gas outlook concerning global markets, business models and pricing arrangements. Although the World Energy Outlook doesn’t have a forecast for what gas markets will look like in 2030 or 2040, the scenarios and analysis provide some insight into the factors that will shape where things go from here.
USCG wrapped up a safety inspection at the Cameron Liquefied Natural Gas (LNG) project, enabling it to move on to loading its first LNG cargo for global export. Cameron LNG also submitted its Marine Operations Manual and Emergency Manual to the Coast Guard for examination.
Hamburg-based Nauticor, a unit of Linde, reported that the world’s largest LNG bunker vessel, the 7,500-cbm Kairos was officially christened at the Hamburg Cruise Center Steinwerder. The vessel began being constructed in 2016. The vessel was delivered in October 2018, according to Nauticor.
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