Tag: LNG market

  Panayiotis Mitrou, Marine Research, Development & Innovation Manager, Lloyd’s Register presentation during the 2015 GREEN4SEA Forum. Talking about sustainability, Poseidon Med is the project which aims to revive the shipping sector through the planning and executing of a smooth transition for East Mediterranean shipping to a new era, the Gas era. This presentation aims at presenting the opportunity arising from the adoption of  LNG as a marine fuel and how this can, in the context of challenges ahead and the respective European Union policies, foster maritime competitiveness, support the shipbuilding and marine manufacturing industry and safeguard shipping against the forthcoming regulatory changes.   Talking about sustainability, Poseidon Med is the project, which aims to revive the shipping sector in the eastern Mediterranean area and lead it to a new era, what we call the gas era through a smooth transition. It is about planning and having the whole solution in order to move forward. Thus, we will see how and why this new era may constitute a great opportunity for our area in particular. There’s a turmoil ahead we have in our area and we are not talking about ECAs, the EU and the global Sulphur cap, which will come in 2020 ...

  FC Gas Intelligence has produced a report on the status and the prospects of LNG Bunkering in the Mediterranean area. So far Europe’s liquefied natural gas (LNG) bunkering activity has been focused around the north of the continent, Scandinavia and the Baltics. Pilot projects have developed in northern Europe, boosted by strong government support, infrastructure already in place and new environmental regulations, which came into force in January. There could also be huge potential to expand the sector in the Mediterranean for use in tourism and passenger ferries and to tap industrial and domestic gas demand in places which are not connected to gas grids. Whether the region reaches its LNG bunkering potential will depend on how expensive it is to build LNG-fuelled ships, whether the fuel is price competitive with traditional ones and whether the same environmental regulations in the north are applied to the Mediterranean as well. There are currently around 50 LNG-fuelled ships (excluding LNG carriers) in operation worldwide, while another 69 new building-orders are now confirmed, according to DNV GL – a maritime and energy sector advisory firm. They range from passenger ferries to tankers and platform supply vessels. DNV GL said the number of ...

For the LNG market, 2015 will be marked by increasing volatility as we see new 'waves' of supply start to add volume together with new markets opening up, according to Global LNG Market Outlook 2015 issued by BG Group. Andrew Walker, BG Group Vice President of Global LNG, commented: "After four years of flat supply we are entering a period of supply growth. 2014 marked the start-up of a new wave of supply from Australia. This will be joined by the first volumes from the US Gulf of Mexico around the end of 2015. This new supply will be absorbed by continued growth in Asian demand, together with the creation of up to six new markets1 in 2015, further diversifying the LNG trade and opening up new sales opportunities."   "While we see good growth in LNG imports into Asia in 2015, key influences that will affect demand include the rate of return of Japanese nuclear power-plants, economic growth rates for China and South Korea, as well as when the new markets begin importing. Over the longer-term BG Group continues to expect LNG trade worldwide to exceed 400 million tonnes per year by 2025, representing an annual growth rate of ...

Russia's Yamal LNG project expects global LNG market to face a deficit by 2018, which will open the doors for the country to a bigger share of the sector. It is expected that European LNG imports will increase to 107 million tonnes in 2025 from 38 million tonnes in 2013, Yamal LNG  said in a prospectus for forthcoming bond issue, adding that by 2020 the global LNG shortage would reach 50 million tonnes, Reuters reports. President Vladimir Putin has urged Russian companies to increase their output of LNG in an effort to double their global market share by 2020 from around 4.5 percent currently. The $27 billion Yamal LNG will start output in 2017 with the aim of producing 16.5 million tonnes a year by 2021. The Yamal LNG project is one of the largest industrial undertakings in the Arctic. It will eventually involve the drilling of more than 200 wells, the construction of 3 LNG trains, each with a capacity of 5.5 million tons per year, and a vast gas terminal, and the commissioning (a world first) of 16 icebreaker tankers, each able to transport 170,000 m³.  This ground-breaking project in the Yamal peninsula, to develop the huge South Tambey condensate gas field, calls on Yamal LNG’s ...

Gaz Métro and Fluxys have announce they entered into a collaboration agreement to pool their expertise and stimulate the liquefied natural gas (LNG) and compressed natural gas (CNG) markets for industry and the transportation sector.   The agreement will pave the way for an exchange of information and expertise related to LNG and CNG, particularly on the technical, commercial, contractual, regulatory, fiscal and administrative fronts. The two parties, which indirectly share a major shareholder in the Caisse de dépôt et placement du Québec, have also agreed to explore co-investment opportunities as interesting projects take shape. Faced with environmental challenges, Québec and the European Union, have set ambitious goals for cutting greenhouse gas emissions. Natural gas provides concrete solutions to those challenges. Choosing natural gas rather than petroleum products as a fuel source has direct benefits for air quality and health: CO2 and nitrogen oxide emissions are much lower, while quantities of sulphur and fine particulates, particularly harmful to human health, are negligible. In light of these many advantages, natural gas and the associated infrastructure will continue to play a central role in the sustainable energy mix of the future; it is with that in mind this agreement has been entered ...

The Society for Gas a a Marine Fuel (SGMF) has issued an introductory guide for those who would like to know more about using gas as a marine fuel or intend to use gas as a fuel.  The use of natural gas as a fuel is one way of complying with the increasingly strict regime governing emissions of harmful atmospheric pollutants, such as NOPx, SOx and reduces the carbon footprint of ship operations. LNG is the most cost- effective way of transporting natural gas over very long distances. It has been produced and transported internationally in bulk for 50 years. The gas-as-fuel industry builds on this expertise, but the bulk trade and the gas-as-fuel business differ in significant ways.  SGMF Guide gives an overview of these variations and their implications. SGMF is a NGO established to promote safety and industry best practice in the use of gas as a marine fuel. This guide will link to more technically and commercially rigorous guidelines aimed at assisting the emerging gas-as-fuel industry to develop with safety as the paramount concern. LNG Industry Overview Some 237 million tonnes of LNG were traded worldwide in 2013. Japan was by far the biggest importer (88 million tonnes) ...