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Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline

Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified

about 5 months ago

Other Fuels

French firm gets more work with Samsung Heavy Industries for LNG vessel pair

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for a liquefied natural gas (LNG) carrier (LNGC) duo with South Korea’s Samsung Heavy Industries.

about 6 months ago

Other Fuels

EU’s 20th sanctions batch tightens grip on Russia’s oil, gas, LNG and shadow fleet spheres with 632 vessels blacklisted

As the European Union (EU) continues to take steps to constrain Russia’s revenue streams and energy export capacity to bring the Ukraine crisis to an end, it has rubber-stamped a new raft of sanctions against the country, expanding its crackdown on the Russian energy industry and widening the net ar

about 6 months ago

Other Fuels

Samsung Heavy Industries handpicks GTT for LNG vessel’s tank design

French technological containment specialist Gaztransport & Technigaz (GTT) has won a new tank design job for a liquefied natural gas (LNG) carrier (LNGC) with South Korea’s Samsung Heavy Industries.

about 6 months ago

FSRU conversion works for EemsEnergyTerminal are now underway; Source: Exmar

Other Fuels

Exmar embarks on FSRU conversion job for Dutch LNG terminal

Belgian shipping company Exmar has started the conversion works for a new floating storage regasification unit (FSRU) destined for the expansion of a liquefied natural gas (LNG) terminal in the Netherlands.

about 6 months ago

Other Fuels

South Korean giant taps Wärtsilä for very large ethane carrier pair

Wärtsilä Gas Solutions, part of Finland’s technology group Wärtsilä, has been hired to supply certain equipment for two new very large ethane carrier (VLEC) vessels being built at South Korea’s Hyundai Heavy Industries (HHI) shipyard.

about 6 months ago

Other Fuels

Europe’s cross-border hydrogen network gets a leg up with Dutch and Belgian infrastructure link

Hynetwork, a subsidiary of the Netherlands-based Gasunie, and its Belgian counterpart Fluxys have embarked on a quest for a cross-border hydrogen connection, enabling the Netherlands and Belgium to plug into shared lower-emission power.

about 6 months ago

Marvel Swallow LNG tanker; Source: Elenger

Other Fuels

European firm lines up five LNG cargos to up gas storage ante

Elenger, Finland’s privately owned energy company by Infortar, has set the wheels in motion to get ready for the next heating season by securing five liquefied natural gas (LNG) cargoes this spring.

about 6 months ago

Other Fuels

Third Northern Lights LCO2 carrier blessed, now preparing for service

Northern Phoenix, the third liquefied carbon dioxide (LCO2) carrier for the Northern Lights CO2 project in Norway, has officially been blessed and will now start final preparations and commissioning ahead of operations. China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Co

about 6 months ago

LNG carrier Kool Kelvin (for illustration purposes); Source: CoolCo

Other Fuels

CoolCo’s nine LNG vessels sport revamped propulsion drives

Switzerland-based electrification and automation technology provider ABB has upgraded propulsion systems across a fleet of liquefied natural gas (LNG) carriers (LNGCs) owned and operated by Cool Company (CoolCo).

about 7 months ago

Other Fuels

Chinese shipyard books GTT for tank design of LNG vessel quartet

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for four liquefied natural gas (LNG) carriers (LNGCs) with China’s Hudong-Zhonghua shipyard.

about 7 months ago

Other Fuels

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec

about 7 months ago

Other Fuels

German player picks up permanent permit for LNG terminal with FSRU duo

Germany’s private operator of liquefied natural gas (LNG) terminals, Deutsche ReGas, has secured the go-ahead for the permanent operation of an energy terminal in Mukran with two floating storage and regasification units (FSRUs) using onboard gas generators.

about 7 months ago

Illustration; Courtesy of MidOcean Energy

Other Fuels

Japanese player to pour $500 million into EIG’s LNG business

Tokyo-based Idemitsu Kosan is setting the stage for full-scale entry into the liquefied natural gas (LNG) business with its multimillion-dollar investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 7 months ago