Tag: LNG

 Dynagas Ltd. (“Dynagas”), GasLog Ltd. (“GasLog”, NYSE:GLOG) and Golar LNG Ltd (“Golar”, NASDAQ:GLNG) have jointly announced that they have entered into an LNG carrier pooling agreement (the “LNG Carrier Pool”) to market their vessels, which are currently operating in the LNG shipping spot market.The LNG Carrier Pool allows the participating owners to optimise the operation of the pool vessels through improved scheduling ability, cost efficiencies and common marketing. The objective of the LNG Carrier Pool is to serve the transportation requirements of a rapidly growing LNG shipping market by providing customers with reliable, more flexible, and innovative solutions to meet their increasingly complex shipping requirements.The LNG Carrier Pool – to be named “The Cool Pool” – will initially consist of 14 modern, high quality and essentially equivalent vessels powered by fuel efficient Tri Fuel Diesel Electric (“TFDE”) propulsion technology. The three owners’ initial vessels eligible for contribution to The Cool Pool will be as follows: Dynagas: 3 vessels; GasLog: 3 vessels; and Golar: 8 vessels. Each vessel owner will continue to be fully responsible for the manning and technical management of their respective vessels.Tony Lauritzen has agreed to take overall responsibility for the running of The Cool Pool and Morten Nielsen ...

Jensen Maritime , Crowley Maritime Corp. subsidiary,  announced the development of two new, liquefied natural gas (LNG) bunker barge concepts that can be fully customized to meet a customer’s unique needs.The first concept involves outfitting an existing barge with an above-deck LNG tank. The concept can be further modified to accommodate more than one type of product, if a customer has a need for multiple liquid transfers. Advantages of this design include a fast turnaround and a reduced need to invest in specialized assets if a customer has short-term LNG requirements.The second concept is for a purpose-built, new bunker barge. Offering greater carrying capacity and improved visibility, the design features a larger LNG tank that is nestled inside of the barge. This new barge will also feature the latest safety features and efficiencies. “We understand that customers have very different needs when it comes to LNG,” said Johan Sperling, vice president. “Whether LNG is required for the long or short term, or in larger or smaller quantities, Jensen has a bunkering solution. We are proud to continue leading the way with LNG marine solutions.”In addition to offering customers maximum flexibility and top safety features, all Jensen designs are developed using the company’s ...

 The Liquefied Gas Carrier National Center of Expertise’s, or LGC NCOE, held another bimonthly Coast Guard Liquefied Gas Webinar in Port Arthur, Texas. These webinars are used to train Coast Guard vessel inspectors, facility examiners, pollution responders, security, waterways management personnel and planners around the country, who are or are soon to be involved in the liquefied gas industry. The LGC NCOE works with the private sector to train Coast Guard personnel on the newest technologies.This session was presented by Aaron Brown and Cheryl Stahl from DNV GL’s North America’s Oil and Gas Risk Advisory Services Department, a team that conducts risk identification, assessment and mitigation for the oil and gas industry.Risk assessments are commonly used for all types of liquefied gas projects during both the design and operational phases including waterway suitability assessments for siting of liquefied natural gas maritime facilities and design basis evaluations for LNG fueled vessels. These types of thorough analysis are necessary to ensure that full consideration is given to allow liquefied gases to be transported and used throughout our ports and waterways in a safe, secure and clean manner.The presentation included a thorough overview of how risk assessments are used throughout the liquefied gas ...

 LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years, according to the newly launched LNG Forecaster report published by Drewry. Global LNG Trade and Drewry LNG Liquidity Ratio per quarter (2013-2015 YTD)There are already signs of weakness in LNG demand as 17% of global liquefaction capacity remained unutilised during the second quarter 2015. The LNG fleet continues to rise, with 30 more vessels expected to be delivered this year and a further 41 next year. Nonetheless, the majority are yet to secure dedicated employment; at present, around 30-40 vessels are sitting idle.“With Asian demand stabilising, contractual supply from Australian projects will substantially reduce the dependency of Asian buyers on the spot market,” said Shresth Sharma, Drewry’s lead LNG shipping analyst.Furthermore, the impact on LNG shipping demand will be muted given Australia’s ...

  In two parts of the world — along the U.S. and Canadian coasts, and in the Baltic and North seas as well as the English Channel — the SOx limits are ultra-strict. As of 2010, the sulfur content of marine fuel in these "emission control areas" must be 1 percent or lower. As of 2015, the sulfur content must be 0.1 percent or lower.   These limits explain Totem Ocean Trailer's conversion of its Alaska fleet to LNG as well as Shell's move to make LNG for ships plying the Great Lakes, Mississippi River and Gulf of Mexico coast.   For ships sailing on the open ocean and along other coasts, the sulfur content of their fuel can be 3.5 percent now, a limit that will shrink to 0.5 percent in either 2020 or 2025, depending on cleaner marine-fuel availability.   But neither of these LNG advantages — lower price and pollution — come for free. The Sulphur Emission Control Area (SECA) will affect all shipping within, into and out of the Baltic, North Sea and English Channel from January 2015. While the introduction of the SECA is justified by the need to reduce sulphur emissions, which have a ...

  Legislation tabled in the B.C. legislature puts in motion ratification of the Provinces first project agreement with an LNG proponent, marking an integral phase in the development of B.C.͛s liquefied natural gas industry, Premier Christy Clark announced. "Three principles underpin these agreements: to give business certainty and keep British Columbia competitive; to ensure British Columbians see the benefits of the resource they own; and to ensure we build the cleanest LNG facilities in the world," said Premier Clark. Finance Minister Michael de Jong tabled Bill 30, the Liquefied Natural Gas Project Agreements Act, which provides the legislative authority for government to enter into LNG project agreements. LNG project agreements are a tool used to grant proponents considering largescale capital investments in B.C. with assurance that certain specific taxes and environmental regulations will remain stable over a period of time. Since the outset of this project, our government has pledged to proceed openly and transparently,͟said de Jong. By seeking ratification of the legislation enabling project agreements via the Legislative Assembly, we are meeting that commitment and ensuring that we have the support of British Columbians as we pursue LNG development in B.C. The bill outlines four areas in which the ...

 The LNG marine transportation industry has an enviable safety record and, in the 49 years since the first commercial cargo was transported from Algeria to the UK, 7,200 million m3 of LNG has been safely delivered on approaching 75,000 loaded voyages. This excellent safety record stems from adherence to rigorous codes and standards for the design, construction and operation of both the vessels employed and the marine terminals where they load and discharge their cargo.The codes, standards and industry guidelines were written by drawing on the expertise of the people engaged in the industry and they have been continuously updated and reviewed in light of experience. With the advent of ‘small scale’ LNG usage, particularly in its use as a marine bunker fuel, it is essential that the knowledge and experience is publicised to new participants in the LNG industry.SIGTTO and SGMF have jointly issued the following document to provide a description of all guidance available and sufficient details. In the onset, I was explicit with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is fabulous to sit.

  Masterplan for LNG delivers pilot vessels, on-shore infrastructure and comprehensive strategy for Rhine/Meuse-Main-Danube. Liquefied Natural Gas (LNG) is emerging as attractive option for European inland shipping and has the potential to increase environmental performance and efficiency of the sector.  With inputs from the LNG Masterplan consortium the regulatory framework further developed, accommodating new rules for LNG as fuel and as cargo: As of January 2015, the amended ADN enables the transport of large quantities of LNG on inland waterways and therefore allows safe investments into LNG tank vessels. With regard to LNG as a fuel, CCNR elaborated an amendment to the Rhine Vessel Inspection Regulation which shall enter into force mid-2016. The update of the respective European Directives is expected to follow soon. The LNG Masterplan not only provides important inputs to a concise regulatory framework but delivers a high number of innovative concepts and concrete investments in LNG fuelled vessels and on-shore infrastructure. In addition, together with key stakeholders the project will elaborate a comprehensive strategy for the deployment of LNG as fuel and cargo on Europe´s main waterway axis. This strategy encompasses an Action Plan with concrete measures in identified areas, such as market & financing, vessels ...

  Over 20,000 international attendees from the gas industry and its related sectors are set to gather at Gastech Singapore 2015 from 27 to 30 October 2015. Gastech, now in its 43rd year, is the world’s leading natural gas LNG conference & exhibition and brings together all the major industry players from the commercial and technical communities within the global energy supply chain. Gastech boasts the accolade of having the world’s largest award winning natural gas and LNG exhibition - at an expansive 40,000sqm, it spans 10 pavilions across Europe, America, Asia, Scandinavia & Australia, and hosts 500 international, regional and local exhibitors. Confirmed Exhibitors from leading IOCs, NOCs and global EPC, shipping, transportation, infrastructure, equipment and manufacturing companies include the likes of Qatar Petroleum,  ADNOC, Shell,  ExxonMobil, Chevron, BG Group, Gazprom, Nigeria LNG, GDF Suez ,Cheniere, Total, Gas Natural Fenosa, Mitsui, Sonatrach, Bechtel, KBR, WorleyParsons (Intecsea), Chiyoda, Technip, Wood Group Mustang, Black & Veatch, Linde, Toyo, Larsen & Toubro, JGC, Fluor, Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Samsung Heavy Industries, Mitsui Engineering & Shipbuilding, Kawasaki Heavy Industries, Hanjin Heavy Industries, among some. Showcasing a plethora of gas industry related sectors, the exhibition features 4 dedicated zones: offshore ...