Clean Fuel
Golar LNG Partners buys Golar Tundra
Bermuda-based Golar LNG Partners said Wednesday it has entered into an agreement to buy the Golar Tundra FSRU from Golar LNG Limited. The deal is worth about $330 million, “less an expected amount of approximately $230 million of net lease obligations under the bank financing for the vessel“, Golar
Bunker Holding, Kosan Crisplant to build LNG plant in Denmark
Bunker Holdings’ subsidiary, Unioil Supply, and Kosan Crisplant are planning to build an LNG production facility at the Port of Frederikshavn in the northern part of Denmark. The partners have already made progress in planning of the production facility in Frederikshavn which will produce chilled ga
GTT, DSME ink cooperation deal
French LNG containment system designer GTT informed it has signed a cooperation deal with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for the industrialization of its NO96 Max technology. Under the deal, DSME will build a mock-up aiming at validating both the assembly and t
Pöyry secures 5-year contract from Finland’s Gasum
Gasum and Pöyry said on Tuesday they have signed a five-year framework agreement for engineering and project implementation services to develop Gasum’s natural gas projects in Finland. The agreement covers project management, HSE, procurement, engineering, document management and other related servi
Belgium awaits another Qatari LNG cargo
The Fluxys-operated Zeebrugge LNG terminal is scheduled to receive one cargo of liquefied natural gas from Qatar. The 145,800 cbm Simaisma LNG carrier departed from Qatari port of Ras Laffan on Saturday and is set to arrive in Belgium on February 25, port data reveals. The Zeebrugge LNG terminal has
Keel laid for Tallink’s LNG ferry
Estonia’s Tallink Grupp informed it held a keel-laying ceremony for the LNG-powered ferry Megastar at the Meyer Turku yard on Monday. Total investment in the vessel is at €230 million and its delivery is set for the beginning of 2017, according to Tallink. The construction of the vessel kicked off a
Drewry: LNG shipping to remain under pressure
Earnings for liquefied natural gas shipping will stay under pressure this year as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, shipping consultancy Drewry said in a report. LNG vessel fleet growth is forecast to double in 2016 to 12%, compared to 6% in
Japan’s spot LNG price down In Jan
Japan’s price of spot liquefied natural gas contracted in January averaged $7.1 per mmBtu on DES basis, down 30 cents from the previous month. The average LNG price for cargoes contracted last month in Japan was also the lowest since Japan’s Ministry of Economy, Trade and Industry (METI) started pub
Another Qatari LNG shipment on way to UK
The UK’s South Hook LNG terminal is due to receive the fourth cargo of chilled gas from Qatar in February. The Al Rekayyat LNG carrier, with a capacity of 216,000 cubic meters, is expected to arrive in the Milford Haven waterway and dock at the terminal’s jetty on February 16, port authority data re
Poland gets 2nd LNG shipment
Poland received on Monday its second ever cargo of liquefied natural gas from Qatar at the LNG import terminal in Świnoujście. The cargo, that will be used for further operational tests, was brought onboard the 210,000 cbm Q-flex LNG carrier Al Nuaman. The Q-Flex vessel also delivered the first carg
Report: Hess Sells Shannon LNG
New York-based Hess Corporation has reportedly sold Shannon LNG, a proposed €600 million LNG import facility in Ireland. According to a report by Ireland’s Sunday Independent, the buyer of the proposed terminal on the Shannon Estuary in Co Kerry is currently not known. Shannon LNG has planning permi
Small-scale LNG tanker due at Zeebruge on Feb 22
The 15,600 cbm Coral Energy, chartered by Skangas, is scheduled to dock at the Fluxys-operated Zeebrugge LNG facility in Belgium on February 22. Coral Energy will load a cargo of chilled gas and depart from Zeebrugge a day after, port data showed. It is expected that the vessel will arrive at Skanga
Total starts production at UK gas fields
French gas and oil giant Total has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area. The fields will produce 90,000 barrels of oil equivalent per day (boe/d), Total said in a statement posted on its website on Mo
Top news of the week February 1-6, 2016
Shell delays LNG Canada FID The Hague-based energy giant Shell said it is postponing final investment decision on its multi-billion LNG Canada project in British Columbia to late 2016. Chevron CEO: Angola LNG to ship LNG cargo in 2nd quarter The Chevron-operated $10 billion Angola LNG project is exp