Tag: LNG

According to VesselsValue, in the first six months of 2019, 201 cargo vessels were sold for demolition, 75% were scrapped in Bangladesh or India, with the former having the majority share. In comparison to 2018's first six months, scrapping decreased by 18%. 

Repsol, Spanish energy company, and Brittany Ferries extended their agreement that they signed in February on supplying LNG to the ferry operator’s Spanish operations. The agreement sees the energy company supplying LNG bunker fuel to Brittany Ferries' Salamanca and Santoña during the ships’ regular visits on routes linking Portsmouth, UK and northern Spain, beginning in 2022.

The Zeebrugge LNG terminal achieved another milestone, as the Al Dafna LNG carrier docked. With this development, the terminal saw its first call ever of a Q-Max vessel, the largest LNG carriers in service. In Zeebrugge LNG terminal, LNG carriers of all types and sizes can dock, from small 2,000 m3 LNG carriers up to the largest 266,000 m3 Q-Max LNG vessels.

US exports of LNG have been growing continuously and reached a new peak of 4.7 billion cubic feet per day in May 2019, according to the latest data published by the US Department of Energy’s Office of Fossil Energy. In 2019, the US became the world’s third-largest LNG exporter, averaging 4.2 Bcf/d in the first five months of the year.

Qatargas has delivered the first LNG cargo on a Q-Flex vessel to Greece’s Revithoussa LNG Terminal. This is for the first time that a Q-Flex LNG ship has called at the terminal, since it expanded last year. The cargo was loaded at the Ras Laffan Terminal in Qatar on 3rd July 2019, and it arrived at the Revithoussa Terminal on board the Q-Flex vessel 'Al Gharrafa', on 20 July 2019.

Malaysia-based Kasi Group announced the launch of an LNG bunkering simulator in the country. According to the company's Executive Director it will be Malaysia's first LNG bunkering simulator.

Japan could lose its pole position as the world’s top LNG importer to China as early as 2022, according to a new report by energy consultancy Wood Mackenzie. By then, LNG imports in Japan are expected to decline 12% to 72.8 mmtpa compared to 2018, while China’s import volume rises 37.5% to 74.1 mmtpa.

DNV GL published the revised 'Assessment of selected alternative fuels and technologies in shipping', to provide decision support for investments in ships, for the following five to ten-year period. In the report, DNV GL has identified LNG, LPG, methanol, biofuel and hydrogen as the most promising solutions.

As part of its efforts on environmental leadership, the Government of Canada announced a $275 million investment supporting LNG Canada’s major LNG complex in Kitimat, British Columbia. This $40 billion project represents the largest single private sector investment in the history of the country.

Japanese company Tokyo Gas signed an agreement regarding the sale and purchase of liquefied natural gas (LNG) with Sumitomo Joint Electricity Power. The two partners aim to boost LNG as a fuel in the area, while also promote it as a stable and efficient use of energy.