SEA\LNG has announced that the Port of Virginia has become the first port in the US to join the multi-sector industry coalition, which aims to accelerate the widespread adoption of LNG as a marine fuel. The Port of Virginia is the second North American port alongside the Vancouver Fraser Port Authority, and the fifth global port along with the Port of Rotterdam, MPA Singapore, and Yokohama Kawasaki International Port Authority, to join the coalition.
Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement, for the finalization of a definitive 20-year LNG sale-and-purchase agreement for five Mtpa of LNG offtake from Phase 1 of the Port Arthur LNG export-project under development.
EIA said that US crude oil exports averaged 1.1 million barrels per day in 2017 and 1.6 million b/d so far in 2018, an increase from less than 0.5 million b/d in 2016. This increase happened despite the fact that US Gulf Coast onshore ports cannot fully load Very Large Crude Carriers. Instead, export growth was achieved using smaller and less cost-effective ships.
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