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Cheniere Asks Biden Admin to Drop Pollution Rule
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed by Reuters.The request imposes an uncomfortable dilemma on President Joe Biden’s…
Strong LNG Demand to Keep Freight Rates Firm in 2022, Beyond
Tanker rates to ship liquefied natural gas (LNG) are expected to remain firm as market players try to secure cargoes for winter demand amid soaring LNG prices and tight global supply, industry sources said on Friday.The global LNG market has recently tightened further after the war in Ukraine and a major outage at major U.S. facility Freeport LNG curtailed U.S. LNG supply, pushing players to secure…
Asia Spot LNG Prices Rise on Uncertainty over Nord Stream, Japan Supplies
Asian spot liquefied natural gas (LNG) prices jumped this week on fears of possible Russian supply disruptions to Japan and on rising demand due to a heatwave and concerns over the return of the Nord Stream pipeline after its planned 10-day maintenance.The average LNG price for August delivery into north-east Asia was estimated at $41 per million British thermal units (mmBtu), up $2, or 5.1%, from the previous week…
Australia: Shell Ships LNG from Prelude FLNG Despite Staff Stoppages
Shell said on Friday it had loaded and shipped a cargo of liquefied natural gas (LNG) this week at its Prelude floating LNG facilityafter workers scaled-down industrial…
Methanol Dual-fuel VLCC Design Gets Class Approval
A methanol dual fuel 300,000 DWT crude oil carrier (VLCC) has received Approval In Principle (AIP) from classification society Korean Register (KR).The methanol dual-fuel VLCC, which was developed under a joint project between KR and shipbuilder Hyundai Heavy Industries (HHI), is powered by methanol and marine gas oil (MGO). HHI has developed the vessel so that the methanol fuel tank can be placed…
Fincantieri to Build Hydrogen-powered Cruise Ships for MSC's Explora Journeys
Italian shipbuilding group Fincantieri on Wednesday announced it has signed a memorandum of agreement (MOA) with Explora Journeys, the luxury travel brand of the MSC Group's cruise division, for the construction of two hydrogen-powered luxury cruise ships.EXPLORA V and EXPLORA VI will feature a new generation of liquefied natural gas (LNG) engines that will tackle the issue of methane slip and will also be equipped with industry first environmental technologies and solutions…
Avenir LNG Names Baltar CFO
liquefied natural gas (LNG) supplier Avenir LNG announced it has appointed Abigail Baltar as its new chief financial officer.Baltar first joined Avenir assuming the role of head of finance in 2020. She brings with her over 20 years of financial, investment and corporate finance experience, the last 11 of which have been within the shipping and oil and gas industry.Avenir LNG chief executive officer, Peter Mackey, said, "I am delighted to appoint Abigail as our CFO.
Guangzhou Shipyard Delivers Pair of Innovative Newbuild Ships
Guangzhou Shipyard delivered a pair of innovative ships recently: the 274m, 157,300 dwt Greenway reported to be the world’s first LNG dual fuel Suezmax tanker built for Singapore headquartered shipowner Eastern Pacific Shipping Pte. Ltd.; and the 49,990 dwt tanker Stena Pro Marine, the second methanol-fueled ship ever built in China.The Stena Pro Marine was handed over to Proman Stena Bulk, a joint venture between Sweden’s Stena Bulk AB and Switzerland-headquartered Proman…
Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister
Greece can cope well with potential cuts in Russian gas supply due to the availability of liquefied natural gas (LNG) as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security.The country relied on Russian gas via the TurkStream pipeline for 40% of its needs last year. About 70% of its gas imports are used in power generation.Russian…
Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices
Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market.The order, signed on Thursday, creates a new firm to take over all rights and obligations of Sakhalin Energy Investment Co, in which Shell SHEL.L and two Japanese trading companies Mitsui and Mitsubishi hold just under 50%.
Shell Says Prelude LNG Shipments Disrupted Until at Least Mid-July
Shell Plc said on Wednesday liquefied natural gas (LNG) shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two…
Knutsen Orders Wärtsilä Compact Reliq Systems
Wärtsilä said it has been tapped to supply three more of its Compact Reliq reliquefaction plants to Norway-based Knutsen OAS Shipping, bringing the total number of orders for the same customer to eight, with two having been ordered in 2020, and a further three in 2021. The systems are being installed on eight new liquefied natural gas (LNG) carriers being built at the Hyundai Heavy Industries (HHI) yard in South Korea.
CMA CGM Inks LNG Supply Deal with Shell
Shell and CMA CGM Group have signed a multi-year liquefied natural gas (LNG) supply agreement, which will supply LNG to CMA CGM’s 13,000 twenty-foot equivalent unit (TEU) vessels in the Port of Singapore, starting from the second half of 2023.The simultaneous operation (SIMOPS) LNG bunkering will be undertaken by FueLNG, a joint venture between a unit of Shell in Singapore and Keppel Offshore & Marine Ltd (Keppel O&M) utilizing FueLNG Bellina that is already in operation and an 18…
Bureau Veritas, TotalEnergies Study Ammonia Leaks
Bureau Veritas (BV) and TotalEnergies are studying ammonia leak mitigation and treatment in an effort to de-risking the use of ammonia as a marine fuel.The joint preliminary study has evaluated the health and safety risks from ammonia leaks for crew and passengers and pinpointed key safety criteria. So far, the study has examined different leak scenarios for single-wall and double-wall containment…
Marine Propulsion: Matson Inks Deal Plus Option for ME-GI Retrofit
Matson Navigation Inc. and MAN Energy Solutions signed a contract for the retrofit of the main engine aboard its 2018-built containership Daniel K. Inouye. MAN Energy Solutions’ after-sales division, MAN PrimeServ, will retrofit the 3,600 teu vessel’s MAN B&W 7S90ME-C engine to an MAN B&W 7S90ME-GI type capable of operating on liquefied natural gas (LNG) and fuel oil. The contract includes an option…
Flex LNG Adds $750M to Backlog with New Long-term LNG Carrier Charters
Flex LNG has secured charters for for Flex Rainbow, Flex Enterprise and Flex Amber LNG carrires, adding $750 million of fixed backlog in total.Flex LNG and the charterer…
KSOE's New LNG Fuel Supply System Gets DNV AIP
Korea Shipbuilding & Offshore Engineering (KSOE) and its subsidiary Hyundai Heavy Industries (HHI) have received an approval in principle (AIP) from DNV for their newly developed waste heat-derived liquefied natural gas (LNG) fuel supply system Hi-eGAS (Hyundai High Efficient Gas Supply System) for 300K very large crude carriers (VLCC).Currently, LNG fuel propulsion ships have used boilers to make hot steam, which has converted LNG into a gas at room temperature to supply a ship’s engine.
Carnival Bringing Two Costa Ships to U.S. to Offer Guests Italian Design Experience
Carnival Cruise Line, also known as America’s Cruise Line, is teaming up with Italy's cruise line Costa Cruises, its sister company, to create a new concept for Carnival’s North American guests when Costa Venezia cruise ship joins the Carnival fleet sailing from New York in the spring of 2023. Costa Venezia will be followed by Costa Firenze arriving in the spring of 2024 to sail from Long Beach.Under the concept called "COSTA by CARNIVAL" Carnival will operate the ships…
Ineos Inks 20-year LNG Deal with Sempra Infrastructure
Britain's INEOS Energy, part of INEOS Group, has signed an agreement with U.S. firm Sempra Infrastructure for the supply of 1.4 million tonnes per annum of liquefied natural gas (LNG) from North America for 20 years, it said on Wednesday.It marks INEOS's entry into the global LNG market, with the volumes intended both for trading and supplying of INEOS' own industrial needs in Europe.The LNG will be delivered free-on-board…
First Steel Cut for TUI Cruises' LNG-powered Cruise Ship
The first steel cutting ceremony was held for the first of two LNG-powered ships for the cruise ship operator TUI Cruises.Shipbuilder Fincantieri said Wednesday that the construction start-up ceremony had taken place in the presence of Wybcke Meier, CEO of TUI, and Luigi Matarazzo, General Manager Merchant Ship Division of Fincantieri, in San Giorgio di Nogaro (Udine) at Centro Servizi Navali, a company…