LNG

Port Moresby power station opens its doors

According to the LNG engineer Clough, the Port Moresby Power Station (POM Power Station) officially opened its doors. Namely, the natural gas fueled station is located in Papua New Guinea and considered to be the first ever utility-scale gas engine project in the region.

LNG to worsen shipping’s impact on climate, report finds

A recently published report by the International Council on Clean Transportation (ICCT) and commissioned by the environmental lobby group Stand.earth, aimed to ‘examine the lifecycle GHG emissions from marine fuels, including a previously poorly understood source of climate emissions from LNG-powered ships- the unintentional releases of the climate super-pollutant methane from ship engines, known as methane slip.’

Cheniere ships 1,000th LNG cargo

Houston-based Cheniere Energy announced it has produced and exported its 1000th cargo of LNG, what the company claims to be an industry record, making it the fastest producer in the world to reach this milestone.The 1000th cargo was exported within a four-year time period after startup.

India seeks lower LNG-deal prices with Qatar

India wants to renegotiate the long-term contract price of LNG it buys from Qatar, according to Oil Minister Dharmendra Pradhan. Currently, India imports 8.5 million tonnes of LNG annually under long-term supply deals with Qatar.

WoodMac: India’s oil demand to grow in 2020

Despite the fact that certain ports in India have experienced lack of low-sulphur compliant fuel oil, India’s oil industry in general is estimated to grow during 2020. According to Wood Mackenzie, due to the increased demand of India’s oil products by about 220 kb/d, India will face a beneficial year.

Carnival’s largest ship floated-out

Meyer Turku shipyard announced the float-out of the coming flag-ship of Carnival Cruise line ‘Mardi Gras’. The new ship will be the largest one in the Carnival fleet, featuring 180,000 GT. It will be delivered later in 2020.

U.S. weekly LNG exports increase

The Energy Information Administration (EIA) informs that U.S. liquefied natural gas (LNG) exports increase week over week for the week ending Wednesday, January 22.

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