COSCO orders three LNG vessels despite COVID-19
Despite the COVID-19 pandemic and the soft demand for LNG, COSCO Shipping ordered three LNG vessels from Hudong Zhonghua, China Shipbuilding Trading, a subsidiary of China Shipbuilding Corporation.
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US LNG exports dropped by half in 2020 so far
Although daily natural gas deliveries to U.S. facilities that produce LNG for export were a record 9.8 billion cubic feet per day (Bcf/d) in late March 2020, deliveries fell to less than 4.0 Bcf/d in June, EIA reported.
Port of Marseille encourages LNG as a primary marine fuel
With a second bunkering operation completed on 15 June, the Port of Marseille Fos demonstrates its commitment to LNG.
World’s largest LNG car carrier begins voyage
For the first time, vehicles from Europe will be transported from Europe to North and Central America on a car freighter powered by LNG. On June 16g the SIEM CONFUCIUS with more than 4,800 vehicles for North America left Emden for Veracruz in the Gulf of Mexico.
High European gas stocks raise pressure for supply cuts
European gas inventories have reached record levels, amid a week demand which has caused excess gas moving into storage, putting pressure on producers to cut supply.
COVID-19 increases reserves of global oil and gas assets for sale
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Norwegian research firm Rystad Energy estimates.
LNG tanker makes first-ever May Northern Sea Route voyage
The Arc7 ice-class LNG tanker, “Christophe de Margerie” successfully transited the Eastbound ice-covered part of the Northern Sea Route.
CSSC, CNOOC to promote LNG conversion in Guangdong
China State Shipbuilding Corporation (CSSC), China National Offshore Oil Corporation (CNOOC) and Guangdong Provincial People’s Government recently signed an agreement concerning LNG power conversion for inland waterway shipping.
North Sea gas produces less GHG emissions than imported LNG, OGA notes
The production of natural gas from the UK Continental Shelf (UKCS) creates less than half as much greenhouse gas as imported LNG, according to data published by the Oil and Gas Authority (OGA).
Tritec Marine, Stena LNG for SAFE Bunker vessel project
Tritec Marine and Stena LNG shake their hands and collaborated to create SAFE Bunker vessel project. In fact, through their concept both sides aim to give a boost to the LNG bunkering industry.
