Clean Fuel
LNG-fueled boxship study revealed
GTT of France, shipping company CMA CGM and the classification society DNV GL released a technical and feasibility study for a new box ship named PERFECt.
WoodMac: new supply to test spot LNG price floor
With 130 million tonnes per year of additional LNG supply set to reach the market over the next five years new local floors for spot prices will be tested, unlocking new demand and curtailing supply, with global pricing implications.
BG CEO optimistic on future LNG demand
LNG player BG Group remains optimistic about the future of global LNG demand, despite the dramatic slump in oil and gas prices this year, BG’s CEO, Helge Lund said on Tuesday. “BG’s own forecast is for LNG volumes to grow between 4-6% on average each year to 2025. Most of this growth will come from
Cryogas’ LNG terminal construction to start in February
Leningrad Region authorities informed that the construction of a terminal for production and transhipment of LNG on the territory of the Vysotsk port will begin in February 2016.
BP’s third quarter profit dips
Oil and gas giant BP reported a decline in its third-quarter profit due to lower oil and gas prices.
LR approves GTT’s bunker vessel design
GTT said it has received an approval in principle (AIP) from Lloyd’s Register, for its 4,000 cbm bunkering ship concept, using Mark III Flex cargo containment system and operating with a vapour pressure of up to 2 barg.
Al Samriya heading for South Hook
The Al Samriya liquefied natural gas tanker is expected to arrive at Britain’s South Hook terminal on November 3.
Italy: OLT Offshore issues LNG tender
OLT Offshore LNG Toscana informed it has launched a tender for the peak shaving service of the company’s FSRU Toscana.
SloShield installed on GasLog Singapore
GTT of France informed that together with its partner Cryovision it has installed the first sloshing monitoring system, SloShield onboard GasLog’s LNG carrier GasLog Singapore.
ABB study sees room for improvement in DFDE LNG carrier propulsion
ABB, the power and automation technology group, has disclosed details of a study from DNV-GL R&D examining the potential for efficiency improvements of dual fuel diesel electric (DFDE) LNG carrier propulsion.
Top news of the week October 19-24, 2015
Anadarko: Mozambique LNG FID depends on government Woodlands-based Anadarko’s final investment decision on its Mozambique LNG project is dependent on the development plan approval by the government. Australia watchdog delays Shell-BG decision again The Australian Competition and Consumer Commission
Golar LNG secures FSRU Golar Tundra financing
Golar LNG said that it has received an underwritten financing commitment for its newbuild FSRU Golar Tundra, scheduled for delivery in December 2015.
Fluxys acquires stake in LNG bunkering vessel
Fluxys of Belgium said it has signed an agreement with Engie, Mitsubishi and NYK Line to acquire 25 percent in the vessel that will be offering LNG bunkering services in the port of Zeebrugge.
Golar starts fourth FLNG conversion talks with Keppel
Keppel Corporation confirmed that it has entered talks with Golar LNG for the fourth conversion of a Moss liquefied natural gas carrier into a floating liquefaction vessel.