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LR: LNG's Global Viability Hinges on Price

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Global acceptance of LNG as a marine fuel will depend on pricing, according to a comprehensive study conducted by Lloyd’s Register; Study on LNG bunkering infrastructure also suggests some owners would be wise to consider fuel flexibility.   After 12 months of research and analysis, Lloyd’s Register has concluded its 2011-12 study on LNG bunkering and newbuilding demand for deep-sea shipping.   Outside of the niche markets, the study finds that the establishment of LNG bunkering infrastructure capable of supporting most of the world’s consumers will be highly sensitive to the price of LNG relative to alternative fuels. The full report will be made available in October in time for Gastech in London.   ”The obstacles to the adoption of LNG as a marine fuel are practical factors, but they are not technical. They are commercial,” said Hector Sewell, the Head of Marine Business Development for Lloyd’s Register. ”Establishing safe, reliable global LNG bunkering capability is feasible. But it will require considerable investment and risk management, and it will have to cover significant operational costs to challenge existing fuel-oil delivery systems.”   Latifat Ajala, Lloyd’s Register’s Senior Market Analyst, built a dynamic demand model for the study that was rigorously tested and validated with key stakeholders, including shipowners, ports and engine manufacturers.  


Arctic Russia LNG Plant Contracts Awarded

Japan's JGC Corporation with France's Technip to carry out the EPIC & commissioning of an integrated facility for natural gas liquefaction at the Yamal Peninsular. The contract was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%). The project will start immediately with a phase of estimation, detailed engineering and early procurement. The Yamal Peninsula located in Yamal-Nenets autonomous district of northwest Siberia, Russia


El Paso Announces Development of a Shipboard LNG Regasification System

El Paso Global LNG, a subsidiary of El Paso Corporation announced the development of EP Energy Bridge(TM), a new ship-based liquefied natural gas (LNG) regasification system. Using proven offshore buoy technology to moor the ship and proprietary technology to regasify LNG onboard the ship and discharge it through a subsea pipeline, EP Energy Bridge(TM) enables flexible, environmentally safe, and cost-effective delivery of natural gas directly to coastal regions eliminating the need of a


Hyundai Heavy to Build First Korean-Designed LNG Ship

A Korean shipbuilder has succeeded in independently designing a liquefied natural gas carrier. Building LNG ships is a high value-added business, as it requires the highest level of shipbuilding technology. The latest achievement should significantly lower the royalties that Korean companies have had to pay to countries that developed such technology. Hyundai Heavy Industries said that plans to purchase an LNG ship built with Korean design technology in May


WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc


WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc


Lloyd’s Register Prepares New Guidelines

With the global LNG market forecast expected to double in size over the next decade the industry is showing particular interest in the development of offshore LNG installations, which is believed by some to be a safer way for LNG production, storage and distribution. This new breed of LNG FPSOs (FLNG) will combine gas ship containment and marine systems with onshore type LNG processing equipment and operate in an offshore environment.


Global LNG Fleet to Peak in 2008

According to Dubai’s Gulf News, excess capacity in the global fleet of liquefied natural gas carriers will be at its highest this decade in 2008, due to a growing, worldwide fleet causing lower utilization rates and it is predicted by analysts that utilization of the LNG fleet will fall to 77.4 percent in 2008, almost 13 percentage points lower than at the beginning of the decade. Demand for LNG tankers has deteriorated markedly as a result of a large increase in fleet supply partly caused by


GDF Suez Further Develops LNG Bunkering

Small scale LNG: GDF Suez takes positions in this high potential market with capacities in Zeebrugge, Belgium, LNG terminal. GDF Suez continues to develop its small scale liquefied natural gas (LNG) activities in North West Europe following the award by Fluxys of additional berthing and storage capacity long term rights at the Zeebrugge LNG terminal. GDF Suez will have access to these capacities after the completion of the second jetty being constructed by Fluxys (expected in 2015)


Qatargas Signs 5-year UK LNG Supply Contract

LNG SPA signing: Photo credit Qatargas

Qatar Liquefied Gas Company Limited (Qatargas) and Petronas LNG (UK) Limited  have signed a 5-year Sales and Purchase Agreement (SPA) for shipment of an annual LNG volume of 1.14 million tones, to the UK, effective January 2014. The LNG will be supplied from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell which started production in January 2011, and will be delivered on board Q-Flex LNG Vessels to Petronas’ Dragon LNG Terminal located in Milford Haven


Integrated LNG Solution for Ship Owners

 WesPac Midstream LLC (WesPac), a provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME), the global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance


Kalleklev to Head DNV GL's SE Asia Oil & Gas

Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia

  Energy demand in South East Asia is expected to grow at twice the rate of the rest of the world. DNV GL has appointed Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia just as the company is establishing a dedicated LNG and Gas Consulting unit in Singapore


Singapore’s MPA Discuss LNG Bunkering

LNG Bunkering

  The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG) bunkering focus group discussion on 14 and 17 October, held in conjunction with the Singapore International Bunkering Conference


500th LNG Cargo Leaves Snøhvit

Kai-Otto Nilsen, Petter Fagerheim, Cato Osenbroch and Torfinn Isaksen with the special vessel Arctic Voyager in the background (Photo: Statoil)

Snøhvit cargo number 500 was loaded at Melkøya on Mondaym October 27, Statoil said. Since startup in 2007, more than NOK 80 billion worth of LNG has been dispatched from Melkøya. The special vessel Arctic Voyager is the 500th to visit Melkøya and Hammerfest to carry


Faster Approvals for LNG Export to Non-FTA Countries

Magnolia-LNG receives export boost

  Liquefied Natural Gas Limited has advised that the U.S. Department of Energy has revised procedures that could result in faster approval of applications to export LNG to non-Free Trade Agreement (Non-FTA) countries. The company had in October 2013 applied for approval to export 8


Lithuania Inks First Statoil LNG Deal

Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed its first liquefied natural gas purchase deal with Norway's Statoil on Thursday


LNG America Selects Topside Designer for LNG Bunker Barge

Image: LNG America

LNG America has selected Taylor-Wharton to commence the front-end engineering and design work for the cryogenic topside of the company’s 3,000 cubic meter Gemini Class LNG bunker barge scheduled for delivery at the end of 2015. “Taylor-Wharton has been actively engaged in the


Gazprom, Sovcomflot Expand LNG Transport Cooperation

Gazprom and Sovcomflot named the new state-of-the-art 170,000m³ liquefied natural gas carrier (LNGC) Pskov, after one of the oldest Russian cities. The ship will be chartered to Gazprom Global LNG (GGLNG) under a long-term contract. The LNGC Pskov is the second vessel in a series of


ABS to Class the First Very Large Ethane Carrier

ABS, a provider of classification services to the maritime and offshore industries, has been chosen to class the world's first contracted series of very large ethane carriers (VLECs). The class contract for the ships, which will be built in Korea by Samsung Heavy Industries (SHI) for an Asian


ABS to Class LNG-fueled Nordic Hamburg Containerships

Patrick Janssens: Photo ABS

Leading provider of classification services to the maritime and offshore industries, ABB, says it has  been chosen to class two LNG-fueled containerships to be built in China for German owner GNS Shipping/Nordic Hamburg. The 1,400 teu vessels will feature dual-fuel propulsion enabling them


Rotterdam Integrates Safety Research with LNG Training Facility

Arjen Littooij, general director Safety Region Rotterdam Area opened today the very first northwest European Falck-LNG-training facility for liquefied natural gas on the Rotterdam Maasvlakte.

  The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw up guidelines and recommendations for emergency response services in dealing with Liquefied Natural Gas (LNG)


BP, Pavilion Ink Long-Term LNG Deals

Pavilion to buy 0.4 mln tpy LNG from BP for 20 years. Aims to become a global LNG firm in medium to long term. Working with SGX, regional govts on LNG price marker. Singapore's Pavilion Energy said it had signed two long-term contracts to buy liquefied natural gas (LNG) for trading and supply


Dynagas Partners Announces LNG Carrier Acquisition

Dynagas LNG Partners LP, an owner and operator of LNG carriers, has announced that it has entered into an agreement to purchase from Dynagas Holding Ltd., the partnership's sponsor, 100% of the ownership interests in the entity that owns and operates the Yenisei River


Two-month Global LNG Rally Ends, Weak Oil Tempts Buyers

Asian spot liquefied natural gas prices ended their 2-month rally this week, interrupted by weak demand in Japan and South Korea as falling crude oil prices push importers to turn to oil-linked long-term LNG supplies. Spot LNG prices for November delivery lost ground to $14


Deal Struck on LNG Delivery for Shipowners

Photo courtesy of Wespac

Unique partnership offers the first fully integrated LNG solution to ship owners. WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME)






 
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