Tag: LNG market

Stena Bulk has announced that it has successfully completed the sale of two of its LNG carriers, Stena Crystal Sky and Stena Clear Sky, to BW LNG.

American Bureau of Shipping (ABS) delves into the intricate LNG (liquified natural gas) value chain and explores dominant trends in LNG shipping.

According to EIA, international proved crude oil and natural gas declined by 5.6 billion barrels of oil equivalent (BOE) in 2022, or 2%, according to data from 187 companies’ annual financial reports. 

Last week, GasLog Ltd and GasLog Partners LP, owners and operators of LNG carriers, announced that they  entered into an agreement under which GasLog will acquire all of the GasLog Partners LP common units that are not beneficially owned by GasLog.

Despite LNG carriers accounting for a mere 1.45% of the total cargo fleet, the overall value of LNG sale and purchase transactions accounted for nearly 12% of all cargo transactions that took place in 2022, up from 3% in 2021, according to VesselsValue data as of February 2023.

Europe’s increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shell’s LNG Outlook 2023.

Trelleborg’s marine and infrastructure operation has launched a new research report which reveals the latest trends in LNG fueling.

The LNG major in the United States, Cheniere Energy is about to provide its LNG customers with greenhouse gas emissions data linked with each LNG cargo produced at the Company’s Sabine Pass and Corpus Christi liquefaction facilities.

The world’s largest dual-purpose, LNG supply and bunkering vessel 'Avenir Allegiance' was launched at Zhoushan Changhong International Shipyard Co. Ltd., China, on 27 January. 

Shrinking Arctic ice made this year’s navigation season for LNG tankers the longest on record, benefiting LNG trade, but acting as the latest sign of a deteriorating climate change.