Owners of vessels burning methane-based fuels such as LNG are not likely to pursue investments in methane emission reduction technologies without strong incentives or regulatory requirements, a study from Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) says. The study provides an ov
French LNG containment specialist GTT has signed technical assistance and license agreement with China Merchants Heavy Industries-Jiangsu (CMHI-Jiangsu), a subsidiary of China Merchants Industry Holdings (CMI). The agreement will enable the shipbuilder to construct vessels using GTT’s membrane techn
Qatargas, a liquefied natural gas (LNG) production unit of state-owned QatarEnergy, has delivered a commissioning LNG cargo to China’s newest LNG terminal, the Jiangsu-Binhai LNG terminal, owned and operated by China National Offshore Oil Corporation (CNOOC). The cargo was loaded in Ras Laffan on 10
MidOcean Energy, an LNG company formed and managed by energy and infrastructure investor EIG, has entered into a definitive agreement to acquire Tokyo Gas’ interests in a portfolio of four Australian integrated LNG projects. Under the terms of the agreement, MidOcean will acquire Tokyo Gas’ interest
China-based Yangzijiang Shipbuilding revealed that it has secured orders for a total of 22 vessels since last August, achieving its highest-ever total orderbook value of $10.27 billion and extending its revenue visibility to mid-2025. Out of the orders for the 22 vessels, six are 66,000 dwt bulk car
Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has exercised its option to acquire the floating storage regasification unit (FSRU) Independence from Norway’s floating terminal projects company Höegh LNG. The transfer of ownership is expected to occur in December 2024.
US liquefied natural gas (LNG) export project developer Venture Global and German energy company EnBW have decided to expand their existing LNG partnership to 2 million tonnes per annum (mtpa). The companies entered into 20-year sales and purchase agreements in June 2022 for 1.5 mtpa of LNG. Now, En
Qatar’s state-owned oil and gas company QatarEnergy has set its sights on becoming the largest liquefied natural gas (LNG) traders in the world within five to ten years. Minister of State for Energy Affairs, the president and CEO of QatarEnergy Saad bin Sherida Al Kaabi underlined this in his speech
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a charter contract with Sakhalin Energy LLC, a new operator of Russian liquefied natural gas (LNG) plant Sakhalin II, for the LNG carrier Grand Mereya. The contract for the LNG carrier was signed through a subsidiary company 60% owned by
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has won orders for a total of 6 LNG carriers worth over $1.29 billion. Four LNG carrier newbuilds were ascribed to European shipowners. The contract is worth KRW 1.2 trillion (approximately $880 million) and the vessels are s
The Bundesnetzagentur, German independent higher federal authority, considers the management concept of RWE and Uniper for the floating storage and regasification units (FSRUs) chartered by the federal government at the Brunsbüttel and Wilhelmshaven sites for a transitional period until the end of M
APPEA believes that Western Australia’s Mineral and Petroleum Review 2021-22 highlights the importance of the oil and gas industry.
The Finnish technology group Wärtsilä has partnered up Capital Gas Ship Management Corp. to develop a new Fleet Decarbonisation Programme aimed at boosting the efficiency of the company’s LNG carrier fleet. The agreement was signed in June 2022 and will be applied to a fleet of six 174,000 cbm LNG c
US-based liquefied natural gas (LNG) company Excelerate Energy has signed a binding shipbuilding contract with South Korean shipyard Hyundai Heavy Industries (HHI) for a new floating regasification and storage unit (FSRU). The agreement was signed to finalise the deal revealed in August this year du
