Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Mitsubishi Heavy Industries Pvt Ltd (MHI) of Japan. "We have received an EPC (engineering, procurement and construction) order from Indian Oil to construct two LNG storage tanks. The LNG tanks will be the main facility at the first LNG receiving terminal to be constructed on India's east coast. This is also the first LNG storage tank order that MHI has received from India. Construction of the tanks is slated to begin in July of this year; completion is scheduled for the spring of 2018," says a statement from MHI. The ordered LNG tanks are high-capacity storage tanks capable of holding 180,000m3 each and will be installed at an LNG terminal that IndianOil will build near Ennore port, approximately 25 kilometers north of Chennai on the Bay of Bengal. LNG imported to the terminal will be supplied as feedstock to fertilizer plants, and to utility company power generation plants for use as an alternative fuel. Plans also call for the use of LNG as city gas in urban areas in the future. The terminal will initially have the capacity to handle five million metric tonnes per annum (MMTPA), expanding to 15 MMTPA in the future.
The Federal Energy Regulatory Commission (FERC) issued a Notice stating that Dominion Cove Point LNG, LP filed a tariff to reflect that its new 850,000 barrel LNG storage tank will soon commence service. 69 Fed. Reg. 65155 (HK Law).
Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology. After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today
Höegh LNG signs FSRU agreement with Klaipedos Nafta in Lithuania Höegh LNG has entered into a ten year time charter for a floating LNG storage and regasification unit to be used as an LNG import terminal in Lithuania, subject to formal approval by the shareholders of AB Klaipedos Naft which is controlled by the Lithuanian state. Höegh LNG intends to use the second of the three new regasification vessels being built at Hyundai Heavy Industries Ltd
Houston-based GTT North America (GTTNA), U.S. subsidiary of French engineering and technology company Gaztransport & Technigaz SA (GTT), has received approval in principle (AIP) from ABS for the design of a 2,200 cubic meter liquefied natural gas (LNG) bunker barge. The distinctive design incorporates GTT’s proven membrane Cargo Containment System (CCS), which is utilized in 70% of the global LNG carrier fleet and nearly 90% of LNG carrier projects on order.
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavor Energy, for the development of the LNG storage and regasification facility as part of the Songon Gas-to-Power Project in Côte d’Ivoire. Songon, a greenfield development, will consist of combined cycle gas to power generation with an integrated fuel solution, featuring purpose-built LNG infrastructure and a floating storage and regasification unit
Höegh LNG has agreed to sell its LNG carrier Höegh Galleon to Maverick LNG Holdings Ltd on private terms. The Vessel is scheduled to be delivered to its new owner between July and October 2007. In the meantime the vessel is available for employment. The buyer intends to use the vessel as temporary LNG storage associated with their LNG transshipment and storage projects, including prospective power generation development
ABS has granted extended general design approval for the KC-1 LNG cargo containment system (CCS). The new membrane type will be installed on newbuild LNG carriers currently on order for Korea Gas Corporation (KOGAS), the world's largest LNG importer. The new LNG CCS design is a corrugated membrane type based on KOGAS' membrane containment system technology used for land-based LNG storage tanks. KOGAS developed the design concept for the KC-1 CCS in cooperation with the DSME
A new liquefied natural gas (LNG) storage and regasification barge concept introduced by Wärtsilä's Marine Solutions and Energy Solutions businesses aims to provide a flexible means of meeting small- to medium-scale requirements where pure land-based LNG options are limited. The Wärtsilä Mobile LNG can be combined with a barge-mounted power plant having an output capacity of up to 250 MW, or it can alternatively be used to supply conventional land-based power plants
Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for a floating storage and regasification unit (FSRU) project in Montevideo, Uruguay. Gas Sayago is a joint venture (JV) owned by UTE – the Uruguayan state power company – and ANCAP – the state oil company. The contract will take effect upon governmental approval which is expected to be
MAN Cryo – MAN Diesel & Turbo’s marine LNG fuel-gas-system manufacturer – has signed a contract with Sefine Shipyard in Turkey to deliver a marine LNG fuel-gas supply system (FGSS) to an Italian ferry. The LNG supply system consists of a 150 m3 vacuum-insulated
LNG market in Egypt is projected to surpass 4.5 MMT by 2025, due to rising demand from power and industrial sectors in the country, says TechSci Research report. Production of dry natural gas in Egypt declined at a CAGR of 7.17% during 2011-2015
The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG
GTT said it has received an order from Samsung Heavy Industries (SHI) to equip a floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system. The new order also includes three optional FSRUs.
Following the announcement on 2 September 2016 that EXMAR and Vopak had started exploratory discussions on floating LNG storage and regasification, an important milestone has been reached being the signing of an agreement on the acquisition of the FSRU business of EXMAR by Vopak and the possible
Wison Offshore & Marine has developed a range of solutions for floating power supply. With design philosophy of “plug-in power”, all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and
Low energy prices, depressed day rates and slow growth of bunkering infrastructure has dampened progress for the marine industry’s ‘white knight’ of environmentally friendly fuels. LNG, nevertheless, is here to stay. Slow Start
South Korea's Samsung Heavy Industries Co has won one firm Shipbuilding Contract (SBC) and an agreement for three optional floating storage and regasification units (FSRUs) from Hoegh LNG Holdings. Under the deal with Norway-based Hoegh LNG Holdings Ltd
Singapore Exchange (SGX) is developing a spot pricing index for the Middle East and India liquefied natural gas markets (LNG) in collaboration with inter-dealer broker Tullett Prebon, says WSJ. The index is aimed at market participants who are forced to rely on tenders for setting
Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA), recently hosted a dinner to mark the financial close of its LNG Terminal Project with Bahrain LNG WLL, the developer and owner of the first LNG receiving and regasification
New Guide provides standards for growing LNG bunkering vessel sector. ABS, a provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for LNG Bunkering. This new Guide provides standards for the design
The world’s first barge-based Floating Storage and Regasification Unit (FSRU) has undocked from dry-dock in Nantong, China, announced Wison Offshore & Marine, who provided EPC services for Exmar. Upon the undocking, topside installation has been completed, which paves the way for delivery
Abu Dhabi's National Marine Dredging Company (NMDC) has been awarded a $316-million engineering, procurement and construction (EPC) contract for a hitech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat, reports WAM.
Atlantic, Gulf and Pacific Company (AG&P) and Hindustan LNG (HLNG) have signed a Memorandum of Understanding (MoU) to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India. Under the agreement
GTT said it has received an order from Hyundai Heavy Industries (HHI) to equip a new floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system. The vessel will be built at Hyundai's shipyard in Ulsan