Thursday, May 25, 2017

Oregon County Mulls LNG Terminal Ban

File Image (CREDIT: AdobeStock / (c) Fotmart)

A coastal Oregon county will vote Tuesday on a ballot measure to block a proposed natural gas terminal, the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure would ban transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Backers have called the initiative a response to a $7.6 billion proposal by Calgary-based Veresen Inc, to build a facility in the county where natural gas would be liquefied and transferred to tanker ships for sale abroad. They have cast the measure as a local refusal to contribute to global warming.

Pieridae Seeks Natural Gas Acquisitions, CEO Says

Pieridae Energy Ltd, the company behind a proposed liquefied natural gas terminal on Canada's east coast, is looking to buy producing assets in western Canada or in the Marcellus shale play in the United States, its chief executive said on Monday. Alfred Sorensen told Reuters in a phone interview that Calgary-based Pieridae wanted to buy about 200 million cubic feet a day of natural gas production to supply its terminal and would consider buying a company or just assets. Privately held Pieridae is developing the Goldboro LNG project in Nova Scotia, with a targeted in-service date of 2021 and capacity of 10 million metric tonnes a year.

Noble Group's Shares Plunge, Elman Steps Down

Decline in shares is biggest on record. Noble Group Ltd reported a quarterly loss that pummelled its shares by a record 33 percent, stoking worries the Singapore-listed commodity trader was failing to recover from a crisis-wracked two years despite a deep restructuring. As previously flagged, founder Richard Elman, 77, said on Thursday he was stepping down as executive chairman to take on a non-executive board role as chairman emeritus. Board member Paul Brough, a former senior partner at KPMG, becomes executive chairman with immediate effect, and would lead a strategic review.

Egypt Weans Itself off Foreign Gas

Egypt seeking to defer up to 25 LNG cargoes this year-trade; talks with trade houses and producers ongoing. Egypt is holding talks with its liquefied natural gas (LNG) suppliers to defer contracted shipments this year and aims to cut back on purchases in 2018, as surging domestic gas production squeezes out demand for costly foreign imports. Cairo's desire for gas self-sufficiency by the end of 2018 bodes ill for traders having to reshuffle LNG out of the country amid concern over the impact on global gas prices if replacement markets for the world's eighth-biggest importer of the super-cooled fuel are not found fast enough.

Canada to Roll Out First Propane Export Terminal

Photo: Royal Vopak

Royal Vopak and AltaGas have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET). RIPET is expected to be the first propane export facility off the west coast of Canada. The project is to be designed to ship 1.2 million tonnes of propane per annum, with approximately 96,000 cubic meters of storage capacity. The facility is expected to be commissioned in Q1 2019. Vopak will take a 30 percent interest in RIPET. Vopak's investment is underpinned by long…

Petronas Targets New Markets for LNG

Photo :Petronas

Malaysian oil company Petronas is looking to tap new markets to sell liquefied natural gas, including as fuel for ships, the head of its upstream operations told Reuters on Monday. State-owned Petroliam Nasional Berhad, known as Petronas, also sees significant growth potential for LNG in India, Pakistan, Bangladesh and some parts of Southeast Asia, its upstream CEO Mohd Anuar Taib said. "The key for us in the LNG business is to figure out a way to broaden and expand the customer base," Anuar said, adding that lower prices have opened up new markets that had previously been unable to afford LNG.

ETP: U.S. Drilling Ban Won't Delay Ohio Gasline

File Image: A typical gas pipeline header arrangement. (CREDIT: AdobeStock / (c) pisotckii)

Completion of the Rover pipeline, the biggest natural gas pipe under construction in the United States, is not expected to be delayed by a U.S. federal order to stop new drilling to install pipe, Energy Transfer Partners LP said on Thursday. The company spilled more than 2 million gallons of drilling fluid - mostly water and clay - in Ohio wetlands in April during construction of Rover, prompting regulators to halt drilling in certain areas. The line, once finished, will have the ability to carry enough gas to supply 15 million U.S. and Canadian homes.

Crowley to Supply LNG in Puerto Rico

Photo: Crowley

Crowley Maritime Corp.’s  liquefied natural gas  (LNG) services group has been awarded a multi-year contract to supply additional volumes of containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico. The contract, executed through Crowley’s Carib Energy LLC subsidiary, extends a 2014 contract awarded to Crowley for LNG supply for the facilities by expanding LNG services to additional plants. The contract includes the fuel supply and transportation of LNG, which helps the customer yield substantially lowered emissions and provides an alternative to their current fuel source, diesel.

Sarawak State Govt Seeks Stake in LNG Train

Malaysia's Sarawak state government said it is negotiating with Petroliam Nasional Berhad to acquire a 10 percent equity stake in a liquefied natural gas (LNG) production facility at Petronas' LNG complex in Bintulu, Sarawak. The government is looking to buy a stake in the LNG Train 9 facility, the site's ninth liquefaction unit, which can produce 3.6 million tonnes of LNG per year. It began its commercial operations in January, boosting production capacity at the Petronas LNG complex to 30 million tonnes per year. "The…

Chile to Export Gas to Argentina to Cover Winter Demand

Chile will send some 276 million cubic meters of gas from June to Argentina to help its neighbor cope with demand in the southern hemisphere winter, Chile's state-run oil and gas distributor ENAP said Friday. Last year, Chile began sending liquefied natural gas to Argentina for the first time. Although energy investment in Argentina is increasing, it is still a long way from regaining the self-sufficiency it lost in 2010. Before the mid-2000s, it was an important supplier to Chile. The agreement would allow for the equivalent of around 3 million cubic meters to be piped daily from June 1 to Aug.

POSCO Seeks June LNG Cargo via Tender

South Korea's POSCO is seeking a liquefied natural gas (LNG) cargo for delivery on June 26 to 30 via tender, trade sources with knowledge of the tender said on Friday.   The tender will close on May 22, the sources added. (Reporting by Mark Tay; Editing by Christian Schmollinger)

Oregon County Won't Block LNG Terminal

File Image: Credit QGTC

A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed, would have banned transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Around 76 percent of votes were cast against the measure, with 24 percent in favor, according to unofficial results posted on the Coos County government website late Tuesday.

Japan to Buy 100,000 Tons of LPG

Japan will likely conduct a tender in the autumn to buy up to 100,000 tonnes of liquefied petroleum gas (LPG) for national stockpiles, a trade ministry official with direct knowledge of the matter said on Tuesday. The fuel, often referred to as butane or propane, will be stored at a stockpiling base in Kurashiki in the country's west by the end of November. The step comes as Japan looks to boost its LPG state stockpile to at least 50 days' worth of national imports, or about 1.38 million tonnes. It wants to reduce the impact from any supply disruptions in the Middle East…

Chevron Reports Outage at Gorgon LNG Plant

File Image (CREDIT: AdobeStock / (c) Pisotsckii)

Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month in order to replace a faulty device, a spokesman said on Monday. "Production on Gorgon Train 1 was stopped on May 12 due to a failure of a flow measurement device," the company said in a statement. "Train 1 is expected to be down approximately one month for this replacement and we will take this opportunity to perform other routine maintenance," it said. Chevron has struggled to maintain stable production at the $54 billion project…

Oil Firms, on Track for Biggest Gain in Five Weeks

File Image (CREDIT: AdobeStock / (c) Edelweiss)

U.S. oil inventories fell by more than forecast last week; OPEC-led production curbs expected to be extended. Oil prices on Friday were on track for their biggest weekly gain in five weeks, helped by expectations of an extension of OPEC-led output cuts and buoyed by falling U.S. crude inventories. Benchmark Brent was trading 5 cents higher at $50.82 per barrel at 1141 GMT, on target for a 3.5 percent rise on the week. U.S. light crude oil was up 2 cents at $47.85. A larger-than-expected fall last week in U.S. crude inventories <C-STK-T-EIA>…

Tokyo Gas buys stake in Castleton's Texas Unit

File Image: a typical natural gas pipeline installation. (CREDIT: AdobeStock / (c) pisotckii)

Japan's biggest city gas supplier Tokyo Gas Co said on Monday it has acquired a 30 percent stake in a subsidiary of Castleton Commodities International LLC, its first equity investment in a U.S. upstream company. Tokyo Gas did not reveal the price for the stake in Castleton Resources LLC, which owns and operates over 160,000 net acres of leasehold in East Texas with access to the Cotton Valley and Haynesville Shale and has a net production of about 238 million cubic feet equivalent per day, equal to 1.65 million tonnes per annum of liquefied natural gas (LNG).

ENGIE, AES to Expand LNG Partnership to Central America

ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colón, Panama, which is owned 50/50 by AES and Inversiones Bahía. The total capacity of the Costa Norte LNG terminal is approximately 1.5 million metric tons per annum (mtpa), of which 25 percent will be used for the 380 MW AES Colón CCGT currently under construction on the same site. ENGIE will supply up to 0.4 mtpa of LNG to the CCGT beginning in 2018.

ABS, DSME Pact on Novel FLNG Concept

LNG·LPG carriers. Photo: Daewoo Shipbuilding and Marine Engineering

ABS signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to support safety and apply class guidance to a conceptual Floating Liquefied Natural Gas (FLNG) unit. “We are pleased to sign this agreement and work with DSME to support new innovations and technology advancements in the offshore industry,” says ABS Executive Vice President of Global Offshore Ken Richardson. “As gas continues to play an increasingly important role in the global energy mix and industry looks to develop new resources, ABS remains committed to its mission of advancing safety,” Ken added.

Changing the Landscape of LNG Production

PFLNG Satu (Photo: © TechnipFMC plc.)

Successful completion of the Petronas Floating LNG facility (PFLNG) Satu is a milestone for the oil and gas industry and for the Malaysian energy giant. Designed by consortium leader TechnipFMC and fabricated at the Daewoo Shipbuilding and Marine Engineering yard in South Korea, PFLNG Satu achieved the first-ever production of LNG offshore in December 2016. The 365-meter by 60-meter facility processes, produces and offloads LNG in situ, directly above natural gas reservoirs. FLNG allows the monetization of remote, marginal and stranded offshore gas fields that cannot be developed economically via conventional means.

Gail India Seeks Three LNG Cargoes in H2

Gail India has launched a tender to buy three liquefied natural gas (LNG) cargoes in the second half of 2017, trade sources said.   The importer is seeking a cargo for July, September and November, they said. (Reporting by Oleg Vukmanovic, editing by David Evans)

VW Mulls Gas-powered cars with Exxon, Gazprom

Volkswagen is in talks with Exxon Mobil Corp and Gazprom to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria's ORF radio. Europe's biggest carmaker is working on a shift towards electric cars and fuel-saving technologies as it looks to lower its fleet-wide carbon dioxide (CO2) emissions and to overcome its diesel emissions scandal. "We are now really trying to think out of the box and find solutions that can be helpful at least in this transition period of 10 to 20 years," Mueller said in the interview aired on Wednesday.

Australia Gas Export Restrictions Counterproductive

File Image (CREDIT: AdobeStock / (c) Fotmart)

When governments adopt new policies the benchmark for success should be that the change works, is efficient and fair to all parties and does not create unintended consequences. The decision by the Australian government to restrict exports of natural gas if the domestic market is constrained meets none of these criteria, although it may just persuade an increasingly angry public that the authorities are doing something. Whether the new policy does serve some short-term political objective shouldn't distract from the view…

Pembina Adds Natgas Infrastructure in Veresen Deal

File Image (CREDIT: AdobeStock / (c) Pisotckii)

Pembina to pay as much as C$1.52 bln in cash, 99.5 mln in shares; offer at 22.5 pct premium to Veresen's last close. Pembina Pipeline Corp said it would buy smaller rival Veresen Inc in a stock-and-cash deal valued at C$9.7 billion ($7.10 billion), including debt, giving the Canadian pipeline operator access to natural gas pipelines and processing infrastructure. The combined company will have a strong position in the Western Canadian Sedimentary Basin, home to the world's third largest crude reserves. A rebound in oil…

Australia Plans to Limit LNG Exports

© Carabay / Adobe Stock

Australia's conservative government unveiled a radical plan on Thursday to restrict exports of liquefied natural gas (LNG) at times when domestic shortages push up local prices, aiming to ease soaring energy costs for local manufacturers. The plan would allow Australia's resources minister to impose controls on LNG exports on advice from the market operator and regulator, as the government seeks to cap domestic gas prices, which have become a political hot potato. "It's not a threat. This will be export controls. They will not be able to export gas if that has the consequence of reducing the availability of gas for the Australian market…

In Demand: Hoegh LNG’s Sveinung Stoehle

The business model: Hoegh LNG president and CEO, Sveinung Støhle. Photo: handout

Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”. The Hoegh business model is winning out, and now six floating storage and regasification units, or FSRUs, are in operation with four newbuilds on the way. The terminal in Turkey was built in just six months: “It would be years, not months, for a land-based gas terminal,” Stohle asserts.

Novatek to Ensure LNG Projects Competitive with Qatar's LNG

Russia's largest non-state natural gas producer Novatek will work hard to ensure its future liquefied natural gas (LNG) projects are competitive with similar plants in Qatar, a company official said on Thursday. Novatek Chief Financial Officer Mark Gyetvay also told a conference call the global LNG demand has been robust.     (Reporting by Vladimir Soldatkin)

Poland to Receive first US LNG Delivery in June

File Image: CREDIT GAC

Poland will receive its first liquefied natural gas supplies (LNG) from the United States in mid-June as a result of a deal Polish gas firm PGNiG signed with Cheniere Energy, state-run PGNiG said on Thursday. Cheniere Energy will make the spot delivery at the Swinoujscie terminal on the Baltic Sea. Poland, which consumes around 15-16 billion cubic metres (bcm) of gas annually, built its first LNG terminal in Swinoujscie as part of a bigger plan to reduce reliance on gas it imports from Russia's Gazprom. The terminal, which started commercial operations in 2016, has a capacity of 5 bcm per year.

US Authorizes Non-FTA LNG Export from Golden Pass

Photo: Golden Pass LNG Terminal

The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is authorized to export LNG up to the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas to any non-FTA country not prohibited by U.S. law or policy from the Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas. With the dramatic increase in domestic natural gas production, the U.S. is transitioning to become a net exporter of natural gas.

Argentina Authorizes Natural Gas Exports to Uruguay

Argentina's government authorized the export of up to 350,000 cubic meters (12.4 million cubic feet) of natural gas per day to neighboring Uruguay for the next two years, its official gazette said on Wednesday. Argentina is seeking to ramp up production by exploiting one of the world's largest shale reserves, Vaca Muerta, but it remains a net importer of gas, primarily from Bolivia. Argentina must import equivalent amounts of gas to what it is exporting to Uruguay, the gazette said. A total volume of 255.5 million cubic meters (9 billion cubic feet) is allowed for export to Uruguay.

Petrobangla, Summit Pact for 2nd LNG Terminal

Pic: RPGCL, Petrobangla Group

Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal. The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in the Cox's Bazar. The terminal will have 500 million meter standard cubic feet per day (mmscfd) capacity, which would go on operation after 18 months. The cost of the second project is estimated at $400 million-500 million, which Summit will implement jointly with US based General Electric as an 20% equity investment partner.

South Korean Tender Stirs LNG Market

© Oleksandr Prykhodko / Adobe Stock

Asian spot LNG prices jumped this week, buoyed by hopes Korea Gas Corp's new tender would match past buying sprees and by emerging demand from China and Japan. Spot prices for June delivery rose to $5.70 per million British thermal units (mmBtu), a 20 cent jump over last week, but traders cited sharply divergent views on pricing, saying the disagreements contributed to market inertia. Still, Korea Gas Corp's Thursday tender for June and July supply - set to close on April 26 - immediately stirred up bullish offers, rescuing an otherwise muted trading week.

ConocoPhillips looks to Aussie Transcontinental LNG Pipeline

File Image: A typical natural gas pipeline arrangement (CREDIT AdobeStock / (c) pisotckii)

ConocoPhillips will consider diverting natural gas from fields in northern Australia along a proposed transcontinental pipeline that would link directly to markets in the southeast, a senior executive told Reuters on Thursday. The U.S. oil major is also leaning towards developing the Barossa gas field offshore northern Australia, with a final decision due in early 2019, Kayleen Ewin, the company's vice president for sustainability, communications and external affairs, said in an interview. Ewin said the proposed transcontinental pipe would open Australia's domestic market for northern producers.

Korea Gas Corp Launches Tender for June, July LNG Cargoes

Korea Gas Corp has launched a tender seeking to buy liquefied natural gas (LNG) cargoes for delivery in June and July, trade sources said on Thursday. The scope of the company's demand is unclear as each supplier has a limit on the number of cargoes it is allowed to offer, but the firm has not spelled out an upper limit for deliveries, trade sources said. (Reporting by Oleg Vukmanovic)

Blackstone to buy EagleClaw Midstream

File Image (CREDIT: AdobeStock / (c) pisotckii)

EagleClaw Midstream Ventures LLC said on Monday it agreed to be bought by funds managed by Blackstone Group LP for about $2 billion.   EagleClaw Midstream Ventures LLC, which owns and operates natural gas pipelines and processing facilities, said the all-cash deal includes about $1.25 billion in debt, financed by Jefferies LLC.   EagleClaw is the largest privately held midstream operator in the Permian's Delaware Basin in West Texas. Reporting by Arathy S Nair 

May LNG Cargo Prices Fall on Waning Demand

File Image: a typical LNG carrier at sea (CREDIT: MISC)

Asian spot LNG prices edged lower this week amid thin trade for May cargoes and as focus shifts towards June supplies. Spot prices for May delivery of LNG in Asia fell by 35 cents to $5.40 per million British thermal units (mmBtu), as interest for May cargoes weaken because most end-users have already secured their necessary feedstock for the month. Prices for June delivery of LNG in Asia was pegged slightly higher at $5.50/mmBtu amid expectations that demand could return as North Asian buyers begin purchasing cargoes to meet summer demand.

New US Pipelines to Drive Natural Gas Boom as Exports Surge

© Yauheni Chazlou / Adobe Stock

U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S. natural gas once the pipeline expansion is complete, up from about 25 percent now, according to projections from the U.S. Energy Information Administration (EIA).

Gas Pipeline Leak Repairs Begun in Cook Inlet

Divers have begun repairing a leak from an 8-inch natural gas pipeline in the Middle Ground Shoal area in Alaska's Cook Inlet, Hilcorp Energy Co said on Monday. Endangered beluga whales and other marine mammals live in the inlet. The company shut two Alaskan oil production platforms two weeks ago after reducing pressure on a leaking natural gas pipeline in Cook Inlet. At the reduced rate, the leak is estimated to be around 85 to 115 thousand cubic feet per day, the company said in late March. Hilcorp said divers, who began the work on Friday, found the leak and were preparing to install a temporary clamp to stop it.

Japan Spot LNG Contract Price at 5-Month Low

File Image (CREDIT: AdobeStock / Fotmart)

Prices for liquefied natural gas (LNG) spot cargoes for Japan, the world's top buyer, fell to a five-month low in March from a two-year high the month before, official data showed on Tuesday. The average price of spot LNG contracted last month was $6.20 per million British thermal units, according to monthly data from the Ministry of Economy, Trade and Industry (METI), down $2.30 from the previous month and the lowest since last October. That was broadly in line with the wider Asian benchmark for last month due to tepid demand for the cleaner fuel…

Canada, G7 Partners to Push LNG

Minister Carr and G7 Colleagues Advance Cooperation in Energy Security and Clean Technology Development. Photo: Official Twitter page of Natural Resources Ministry, Canada.

The Government of Canada recognizes the critical role of international cooperation on energy, as it impacts economic and social development, innovation, safety and security, environmental protection, and climate change. Canada's Minister of Natural Resources, the Honourable Jim Carr, reinforced the Government's commitment to advancing lasting, good jobs in energy, ensuring energy access and security around the world and expanding the clean-energy economy while at the G7 Energy Ministerial in Rome, Italy, this week. Minister Carr joined his colleagues from France…

TMC Compressors for FRSU Newbuild

International compressor supplier TMC Compressors (TMC) said it has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a newbuild floating storage and regasification unit (FRSU). TMC’s scope of work includes engineering, manufacturing and supply of a complete compressed air system for the FRSU, which is being built by DSME for BW LNG. Under the contract, TMC will supply 3 x 40 kW frequency controlled control air compressors and 3 x 40 kW service air compressors. The contract value is undisclosed. “Any FRSU is a vital component in the LNG value chain.

Heavy Lift: Cryogenic Heat Exchanger Installed

Photo: Mammoet

The second of three planned Main Cryogenic Heat Exchanger (MCHE) installations at a large liquefaction project in southwest Louisiana marked a milestone for the U.S. Gulf Coast project.   Heavy lift and transportation services provider Mammoet used 40 axle-lines of Self-Propelled Modular Transporters (SPMTs) to transport the equipment to the installation site. The lift of the MCHE, which is 150 feet long, 16 feet in diameter and weighs a total of 576,000 lbs. (262 metric tons), was a tandem lift utilizing a Terex-Demag CC-2800 crawler crane as the main crane and a Liebherr LR-1300sx crawler crane on the tail.

LNG Innovation: Wison's LNG Distributor

Image: Wison

The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient. Wison’s LNG Distributor has been purposely designed to distribute partial loads to coastal areas in regions such as Indian subcontinent, Southeast Asia, the Caribbean, and Northern Europe. Being designed to operate at a shallow draft of 4.5m, the LNGD can deliver cargoes in areas where LNG carriers with similar capacity cannot access.

Oil Surplus or Scarcity? Shale Makes it Hard to Predict

File Image: AdobeStock (Edel Weiss)

Goldman Sachs sees large oil surplus in two years, but the forecast is at odds with most predictions of looming shortage. The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarised. Investment banks, many of which finance new projects, along with oil majors such as Total and Eni, have warned that huge spending cuts caused by a plunge in oil prices since 2014 would lead to a supply crunch in the next two years.

Hedge Funds Build Bullish U.S. Natural Gas Position

Hedge funds are more bullish about U.S. natural gas prices than at any time for almost three years, according to position records published by regulators and exchanges. By April 4, hedge funds and other money managers had amassed a net long position in the two main futures and options contracts linked to U.S. gas prices equivalent to 3,280 billion cubic feet (http://tmsnrt.rs/2nxfzE0). Fund managers had boosted their net long position for five consecutive weeks by a total of 1,082 billion cubic feet, taking it to the highest level since May 2014 (http://tmsnrt.rs/2nZFHU1).

Poland has Natgas Exports 'understanding' with U.S.

File Image (CREDIT: AdobeStock / Fotmart)

Poland's desire to cut natural gas imports from Russia has led to an "understanding" with the United States to work toward a deal to export liquefied natural gas to its new Baltic Sea terminal, the country's deputy prime minister said on Wednesday. Mateusz Morawiecki, who is also the minister of economic development and finance, said in an interview that discussions with new U.S. "The word agreement is probably premature. Understanding? Absolutely," Morawiecki said as he wrapped up a three-day U.S. visit with stops in Washington, Boston and New York.

LNG Turns to Trading, Risk to Maintain Market Share

File Image: A typical LNG STS transfer underway (CREDIT: Exelerate)

Woodside, Shell see big opportunity in small-scale LNG. Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more risks and start trading just like other commodity dealers. That's a big change for a market long dominated by large producers such as Royal Dutch Shell and BP who provide major importers with fixed volumes under multi-decade contracts linked to the price of oil. Under the protection of these lucrative locked-in deals…

Belarus to Russia $720 mln in Gas Debts

Belarus has agreed to pay Russian gas firm Gazprom more than $720 million in arrears for gas supplies, Russian Deputy Prime Minister Arkady Dvorkovich said on Monday.   Dvorkovich added that Russia was renewing oil supplies to Belarus of 24 million tonnes a year and that Gazprom would give Belarus discounts on gas supplies in 2018 and 2019.   Earlier on Monday, the Russian and Belarussian presidents said they had resolved all the disputes between them over energy.   Reporting by Denis Pinchuk

Douglas-Westwood: The Great Global Gas Surplus

Global Liquefaction Capacity 2009-2021 (Image: Douglas-Westwood)

The production of LNG in recent years has increased dramatically. According to Westwood Global Energy data, LNG liquefaction capacity increased from 121 million tons per annum (mmtpa) in 2000 to nearly 270 mmtpa in 2010, and will reach just over 400 mmtpa by the end of 2017. A wave of ‘mega-projects’, each costing tens of billions of dollars, have been completed in the Middle East and Australasia over this time. With depressed spot prices and further capacity due to come onstream, the outlook for the sector appeared grim. However, there are now signs that the market may start to correct through a supply-side response.

Denmark Receives Nord Stream 2 Pipeline Application

The Danish Energy Agency has received an application from Nord Stream 2, a consortium consisting of Russia's Gazprom and international partners, seeking permission to construct part of a disputed pipeline through Danish waters. "The Danish Energy Agency will now look into the matter," it said in a statement. Last week, the European Union said it was seeking a mandate from members to negotiate with Russia over objections to its plans to build the pipeline to pump more gas to Europe via the Baltic Sea to Germany. Eastern…

Med Gas Pipeline Possible by 2025

Project may cost up to 6 billion euros; final investment decision could come by 2020. European and Israeli governments gave their support on Monday to moving forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe, setting a target date of 2025 for completion. The planned 2,000 km (1,248 mile) pipeline aims to link gas fields off the coasts of Israel and Cyprus with Greece and possibly Italy, at a cost of up to 6 billion euros ($6.4 billion). "This is an ambitious project, which as the Commission…

ABS Published FSRU Development Guidance

ABS has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels. “ABS has developed this industry-leading guidance based on extensive experience with the classification of LNG carriers,” says ABS Chairman, President and CEO Christopher J. Wiernicki. Floating LNG regasification uses specialized ships, commonly referred to as LNG regasification vessels or Floating Storage and Regasification Units (FSRU), which offer a flexible and efficient way to deliver LNG to new and expanding markets.

Asian Spot LNG Prices Edge Higher

File Image (CREDIT: AdobeStock/Fotmart)

Asian spot LNG prices edged higher this week, the first rise in 11 weeks, as production outages in the Asia-Pacific region tightened supplies and as more prompt demand emerged. Spot price for May delivery of LNG in Asia rose by 30 cents to $5.70 per million British thermal units (mmBtu) as supply disruptions in Russia and Australia spooked buyers. Production at Sakhalin-2's LNG plant in Russia was temporarily suspended this week following an accident at one of its production platforms, while Chevron's Gorgon Train 2 production line was halted for maintenance works.

Total CEO: Novatek Russia LNG of Interest

The chief executive of French energy firm Total, Patrick Pouyanne, said on Thursday that his company was interested in future cooperation with Russia's Novatek on projects involving liquefied natural gas.   Reporting by Olesya Astakhova 

EU Seeks to Negotiate over Nord Stream Pipeline

Pipeline to pass through Danish, Swedish waters; project will bypass major gas transit route Ukraine. The European Union is seeking a mandate from its members to negotiate with Russia over plans for a gas pipeline under the Baltic Sea to Germany, an EU document showed, as some EU states fret the project will make Europe too reliant on Russian energy. The Nord Stream 2 pipeline would pass through Danish and Swedish waters and bypass Ukraine, a nation suffering from conflict and the main transit route for Russian gas heading to the EU.

Russia Ramping Up Arctic LNG Production

Photo: Total

Russia may produce more than 70 million tonnes of liquefied natural gas (LNG) per year in its remote Arctic regions, the head of gas producer Novatek said on Wednesday. "The Gydan and Yamal peninsulas have a vast resource base that allows the production of over 70 million tonnes (of LNG); it is comparable to LNG production in Qatar", Leonid Mikhelson, the head and co-owner of Novatek told a conference. Novatek, which was put on the list of Russian companies sanctioned by the West over Moscow's role in the Ukraine crisis, plans to ship its first liquefied gas cargo from the Yamal LNG plant in December, mainly targeting Asian markets.

Japan Eyes LNG Projects in Russian Arctic

Russian Energy Minister said on Wednesday Japan was interested in taking part in projects to produce liquefied natural gas in the Arctic. "Japan today shows its interest in increasing cooperation in the Arctic, including construction of a plant to produce liquefied natural gas," Novak said in comments shown on Rossiya-24 TV station. He didn't specify what was the project that Japan was interested in. Russian largest non-state gas producer Novatek said earlier it planned to build new facilities to produce LNG in the Arctic.     (Reporting Vladimir Soldatkin)

Trump to Reverse Many Obama-era Climate Policies

File Image (CREDIT: AdobeStock)

U.S. President Donald Trump will sign an executive order on Tuesday to undo a slew of Obama-era climate change regulations, a move meant to bolster domestic energy production and create jobs, but environmentalists say the order is dangerous and vow to challenge it in court. The decree's main target is former President Barack Obama's Clean Power Plan, requiring states to slash carbon emissions from power plants - a critical element in helping the United States meet its commitments to a global climate change accord reached by nearly 200 countries in Paris in December 2015.

Trump Order to Ease Energy Rules Expected Tuesday

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President Donald Trump will sign an order on Tuesday aimed at making it easier for companies to produce energy in the United States, administration officials said on Sunday. Under Trump, the U.S. Environmental Protection Agency is aiming to aggressively roll back Obama-era environmental regulations. Trump plans to sign the executive order at the EPA to reduce "unnecessary regulatory obstacles that restrict the responsible use of domestic energy resources," a White House official said. EPA Administrator Scott Pruitt told ABC's "This Week" the order would help reverse the Obama administration's anti-fossil fuel strategy.

Asian Spot LNG Prices Slip on Weak Demand

© Altin Osmanaj / Adobe Stock

Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States. Analysts and traders mainly blamed low demand for driving prices lower. In the Middle East, Abu Dhabi was staying on the sidelines of the market and new solar power capacity in Dubai was eroding gas demand there. In Asia, imports by India, Argentina and China has lagged 2016 levels and South Korea needs less gas because of its new coal power plants.

Top LNG Buyers Form Alliance to Push for Flexible Contracts

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The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Japan, China and South Korea are the world's biggest LNG importers, accounting for about 55 percent of global purchases, according to data from energy consultancy Wood Mackenzie. The countries' biggest respective buyers are joining together to extract concessions from producers that would give them supply flexibility such as having the right to re-sell imports to third parties, something they are not allowed to do under so-called destination restrictions.

ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May. ICE said the contracts would be cash-settled against the Platts LNG Gulf Coast Marker price assessment and use Platts-derived U.S. GCM LNG forward curves for daily settlement purposes. The curves will have an initial term of 48 months. "Domestic and international market participants now have a risk-management solution that lays the foundation for a more effective means of hedging their spot and forward exposure…

Gail India Seeks First-half April LNG Cargo

Gail India launched a tender seeking a liquefied natural gas (LNG) cargo for delivery in the first-half of April, trade sources said.   The tender, launched on Monday, follows two recent cargo purchases also for delivery in April. (Reporting by Oleg Vukmanovic, editing by Louise Heavens)

CFE Extends 2-Cargo LNG Tender Close by One Day

Mexico's state-run power utility CFE has extended the close of a buy tender seeking two liquefied natural gas (LNG) cargoes in April by one day to Wednesday, trade sources said. The deliveries are due to arrive at Mexico's Altamira terminal on the Atlantic coast. CFE just filled a separate tender for supply to the Manzanillo terminal on the Pacific, but it was not immediately clear which companies won that tender. (Reporting by Oleg Vukmanovic)

TransCanada Seeks Canada Pipe Approval for Petronas LNG Terminal

Transcanada Corp has secured shipper commitment for a pipeline for Malaysian state-owned oil company Petronas's Pacific NorthWest liquefied natural gas (LNG) terminal in western Canada and will seek approval for early construction, the company said on Monday. TransCanada was previously granted approval for the North Montney Mainline pipe on condition of a positive final investment decision from Pacific NorthWest. The approval TransCanada is seeking will allow the company to start building most of the pipe before such a decision, TransCanada said.     (Reporting by Ethan Lou)

Gazprom: Gas Exports to Europe, Turkey up 17.7% Y/Y

Russian gas exports to Europe and Turkey rose 17.7 percent year-on-year between Jan. 1 and March 15 to 42.9 billion cubic metres, gas giant Gazprom said on Thursday. (Reporting by Jack Stubbs; Editing by Susan Thomas)

Maersk Needs Quick Deal to Avoid Tyra Shut Down

Carsten Sonne-Schmidt, chief financial officer of Maersk Oil, a unit of Danish conglomerate A. "That means we will see a fast decline in gas production. "It's a win-win situation.

Will LNG Remain a Key Energy Source?

© phonix_a / Adobe Stock

Japan imported 8.3 million metric tons of LNG in January, an increase of 1.06 million metric tons compared to the previous year. The data, released by the Japanese Ministry of Finance, also reveals that the amount the country pays for LNG imports had increased by 6.7 percent since 2015. Japan is one of the largest LNG importers in the world and it is expected that gas and LNG will continue to remain a key energy source in the future. The nation’s reliance on LNG rose in 2011 following the closure of the country’s nuclear reactors, and as these latest figures show, has continued to increase since then.

Australia in Talks With Gas Majors to Avert Local Shortage

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Australian PM in crisis talks with gas majors; Australia faces gas shortage despite exports soaring. Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, agreed to boost supply to the country's domestic market to help avert an energy shortage following crisis talks with Prime Minister Malcolm Turnbull. Australia is on track to become the world's largest exporter of liquified natural gas (LNG), yet its energy market operator has warned of a domestic gas crunch from 2019 that could trigger industry supply cuts and broad power outages. "We are a massive gas exporter.

Trump Won't Seek to Roll Back CA Vehicle Rules

President Donald Trump will announce the U.S. Environmental Protection Agency will revive a review of the feasibility of strict fuel efficiency standards through 2025, but will not seek to withdraw California's authority to set its own vehicle rules, a White House official said late on Tuesday. Reuters reported on Monday the administration planned to announce the review on Wednesday as Trump heads to Michigan, home of the U.S. auto industry. A White House official briefing reporters said the Trump administration will spend the next year working on the review to determine if the 2022-2025 model-year rules are feasible.

Rosneft: Oil Output Cuts Might Not be Extended

Russian oil major Rosneft said on Monday there was a risk that a global oil output cuts deal would not be extended because of a lack of will on the part of the main participants and due to shale production dynamics in the United States.   "We think that in the long term global oil demand dynamics and reduced investment during the period of ultra low prices will balance the market, but that the risk of a price war resuming remains," a company spokesman told Reuters.   Reporting by Olesya Astakhova 

Trump to Announce Emissions Rule Review

U.S. President Donald Trump is expected to visit the Detroit area on Wednesday to hold an event with the chief executives of U.S. automakers to announce a restart of a review of vehicle fuel efficiency rules sought by the industry, according to two sources briefed on the matter. Trump is expected to visit Ypsilanti, Michigan, a Detroit suburb, to tout his administration's decision to revive a review of the feasibility of the 2022 through 2025 vehicle emissions rules, after the Obama adminitration moved in its final days to lock in the rules.

Gazprom delays Baltic, Sakhalin LNG projects

Eurobond prospectus seen by Reuters; new Baltic LNG plant to be commissioned in 2022-2023. Russia's Gazprom has delayed liquefied natural gas (LNG) plans on Sakhalin island and in the Baltic Sea, a Eurobond presentation showed on Monday. The delays could disrupt Russia's plans to carve out a bigger share of the global LNG market, where it aims to triple its market share of less than 5 percent by 2035. Gazprom plans to expand the Sakhalin-2 project off Russia's Pacific coast by 2023-2024, the presentation showed, while previously it had announced plans to launch a third LNG production train there in 2021.

Nord Stream 2 not a Common Interest Project - EU

The Nord Stream 2 gas pipeline which aims to bring Russian gas to Germany under the Baltic Sea is not a "project of common interest" to the EU, the European Union's competition commissioner said on Monday. "On the legal side of things, it has become very clear that the Commission does not find that the Nord Stream 2 project will be a project of common interest," EU Competition Commissioner Margrethe Vestager told a news conference in Brussels. She was repeating the Commission's view that the project does not serve the EU's efforts to reform the energy market in the bloc and reduce dependence on Russian gas.

Singapore’s Survivability

New business: Keppel has begun building dredgers like the Cristobal Colon, seen hear outside Rio de Janeiro. (Photo: copyright Jan de Nul Offshore)

Singapore’s shipyards are looking to recent investments in capacity, design and newly acquired technology to combat order declines after a decades-long offshore buildup. Sembcorp and peer Keppel are making the most of partnerships in FLNG and showing signs they’ll be okay through the downturn, helped by their gas-hungry Australasian backyard and renewed ties with old charterer parties and suppliers. With drilling contractors unable to pay for the offshore rigs they’ve ordered, Singapore’s heavyweight yards have had to defer deliveries and become defacto rig owners.

Exxon to Buy Offshore Mozambique Gas Stake

Exxon Mobil Corp said on Thursday it would buy a 25 percent stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8 billion in cash. The offshore gas reserves discovered by Eni in Mozambique are large enough to need a giant liquefied natural gas (LNG) export plant. The east African nation's proximity to Asian and Middle Eastern growth markets could make it a highly lucrative project. Eni will continue to lead a floating LNG project and all exploration and production in the block, Area 4, while Exxon will lead the construction and operation of natural gas liquefaction facilities onshore.

Statoil Sets Greenhouse Gas Emissions Goals

Norway's Statoil set a goal on Thursday to cut its annual carbon dioxide emissions by three million tonnes by 2030 from 2017 levels and become more efficient as part of efforts to combat climate change. The company said would also seek to reduce its emissions per barrel of oil produced to 8 kg by 2030 from 10 kg and step up investments in renewable energy research. Statoil emitted the equivalent of more than 15 million tonnes of carbon dioxide in 2016, roughly a quarter of Norway's total emissions. "Statoil is committed to developing its business in support of the ambitions of the Paris agreement…

Algeria to Renew LNG Deal with France's Engie in March

Algeria's state energy company Sonatrach will renew a deal with French gas and power group Engie to supply 10 billion cubic meters of LNG per year, a source at Sonatrach told Reuters on Wednesday. The signing ceremony will take place in France, likely before the end of March, and Algeria's Energy Minister Nouredine Bouterfa will attend, the source said. No further details have been provided on the length of the contract, which will replace one that has just expired. But Sonatrach's CEO Amine Mazouzi said recently that new contracts will be for at least 10 to 15 years but no longer than 20 to 25 years.

Italy's 15-Cargo LNG Buy Tender Attracts Competitive Bids

© Anatoly Kolodey / Adobe Stock

A tender to supply Italy with about 15 liquefied natural gas (LNG) cargoes between April and September attracted highly competitive winning bids from traders including Gunvor, Trafigura, MET and Uniper, trade sources said. Companies offered to supply the shipments at only a slight premium to prevailing prices at Britain's National Balancing Point (NBP) trading hub, traders said. At the same time bids for a tender to supply Argentina with LNG attracted bids carrying a $0.30 per million British thermal units (mmBtu) premium to NBP levels, whereas the prices for the Italy tender showed only a slight premium, traders said.

FLNG Production Bows out as US Exports Roil Market

File photo : Shell

Once considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices. FLNG projects - mega tankers fitted with gas extraction and liquefaction facilities - allow producers to tap offshore gas wells and ship LNG without having to build costly pipelines to onshore plants. Owners can move the vessels to new fields when production at an old one ends, slashing asset end-of-life costs.

Legislators Call for US-flag LNG Carriers

© Wojciech Wrzesien / Adobe Stock

New legislation proposed this week would require up to 30 percent of U.S. liquefied natural gas (LNG) exports to travel on U.S.-flagged vessels. The U.S. is expected to continue ramping up its LNG exports in the coming years and become a net exporter by 2020, yet there are currently no U.S.-flag carriers to carry the cargo. “We’re the most powerful nation in the world, but 99 percent of our trade travels on foreign-flagged ships,” said Congressman John Garamendi (D-Fairfield, Davis, Yuba City), Ranking Member of the Subcommittee on the Coast Guard and Maritime Transportation, who introduced the bill (H.R.

Damen Plunges into LNG Market

Liquefied Gas Carrier 3000 LNG (Photo: Damen Shipyards)

Damen Shipyards Group’s range of Liquefied Gas Carriers is a response to the changes seen in the maritime LNG market in recent years. The Dutch company’s designs meet a variety of capacity requirements, from 500 m3 to 7,500 m3. The maritime LNG market has long been faced with the conundrum around the subject of supply and demand. Ship owners have been reluctant to make the switch to LNG because of the lack of bunkering infrastructure. At the same time, development of bunker infrastructure has been slow to get off the ground due to the low demand from the market. This has been described on numerous occasions as ‘the chicken and egg’ situation.

A Case for LNG-fueled Mobile Offshore Units

Image: GustoMSC

GustoMSC, a Dutch design and engineering company focused on offshore energy, says the offshore industry has much to gain from examining the feasibility of using liquefied natural gas (LNG) to fuel mobile offshore units such as construction vessels, drillships, jack-ups and semi-submersibles. GustoMSC has been monitoring the development of LNG as a marine fuel for several years, culminating in a recently finished R&D project into LNG for its design portfolio. The firm’s associated report, LNG fueled Mobile offshore units…

Partners to Develop Western Australia LNG Supply

Courtesy Woodside

Woodside and GE have signed an agreement to work together to support the use of LNG as a fuel in Western Australia. The agreement will provide customers with the option of seamless access to reliable LNG fuel supply and gas-fuelled transport and power generation solutions. Woodside CEO Peter Coleman said that this type of collaboration was key to development of the LNG fuel market in Western Australia. “The agreement between our companies will harness the combined experience and offerings of Woodside and GE, allowing customers to choose LNG as a fuel that will deliver significant cost and emissions reductions.

Total in Talks to Buy Iranian LNG Project

Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. The French oil major -- the first of its peers to strike deals in Iran after sanctions -- seeks entry into Iran LNG at a discount to the pre-sanctions price in exchange for reviving the stalled project, two sources with knowledge of the matter said. A third source confirmed Total was in the running for a stake, alongside several other oil majors, but any deal was still some way off. Total declined to comment. Iran's National Gas Export Co.

Hedge Funds Find Plenty of Willing Sellers: Kemp

For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Hedge funds and other money managers have purchased a record number of futures and options contracts linked to Brent and WTI, betting that prices will rise. As a group, hedge funds now hold a record net long position equivalent to 951 million barrels across the three main Brent and WTI contracts (http://tmsnrt.rs/2mm1HeI). Hedge fund long positions outnumber short positions by a record ratio of 10.3:1 (http://tmsnrt.rs/2mvnvBA).

Japan Pays Dearly for U.S. Shale Cargoes

File Image (CREDIT: GAC)

Japan in January paid nearly twice as much for liquefied natural gas (LNG) derived from U.S. shale gas as it did for its cheapest imports, official trade data showed on Friday. Shale gas from the United States had been touted as a panacea to Japan's energy crisis after the Fukushima nuclear disaster nearly six years ago. The first supplies arrived in Japan last month to much fanfare but the revelation of its higher cost would seem to undermine the initial euphoria. Japan, the world's biggest importer of LNG, received 211,237 tonnes of U.S.

DOF Vessel Awarded Prelude FLNG Work

Geoholm (Photo: DOF Group)

The DOF Group said its subsidiary DOF Subsea Australia Pty Ltd has been awarded a contract by Technip Oceania Pty Ltd, part of TechnipFMC in Australia, for the provision of multipurpose support vessel (MSV) Geoholm for the Prelude floating liquefied natural gas (FLNG) project, operated by Shell Australia. The Geoholm will be required to provide remotely operated underwater vehicle (ROV) and light construction support services to TechnipFMC in Australia for the Prelude FLNG Water Intake Riser Installation.

Novatek Says No Need to Borrow More for Yamal LNG Project

Russia's largest private gas producer Novatek has no need to increase borrowing as it has sufficient funds for investments into its Yamal LNG project, the company's management said on Wednesday. At a conference call with analysts, Novatek's chief executive Leonid Mikhelson said his company has already invested $22 billion in Yamal LNG after securing borrowing on both global and domestic markets. He said Yamal LNG, a project to build Russia's second gas liquefaction plant, will receive another $6 billion in investment this year.

Saudi Aramco in Lead to Buy OMV's Turkish Unit Petrol Ofisi

Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV , sources familiar with the matter said. Saudi Aramco has placed a bid and is awaiting the result, said one source who declined to be identified because the matter is not public. An OMV spokesman said the firm had received binding offers for Petrol Ofisi, which generated sales of around 10 billion euros ($10.5 billion) in 2015, but declined to give details. A Saudi Aramco spokesman said the company did not comment on rumour or speculation.

HHI's FSRU Unit equipped by GTT

MARK III SYSTEM'S ORIGINAL DESIGN Photo by GTT

GTT has received an order from Hyundai Heavy Industries (HHI) to equip a new floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system. This order includes a firm vessel and one option. The FSRU of 170,000 m3 will be built at Hyundai's shipyard, in Ulsan (South Korea), on behalf of a European shipowner. The vessel will also be equipped with a Dual Fuel Diesel Engine motorization like standard LNG Carrier (LNGC). Delivery is scheduled in March 2019. "GTT notes that the performance of its technologies for the FSRU market are renowned and appreciated by the key players of the offshore industry"…

LNG Bunkering Commences in Australia

(Photo: EVOL)

Under an agreement with Woodside, EVOL LNG refueled the platform supply vessel, Siem Thiima, on January 23 at King Bay Supply Base near Dampier. Business Manager, Nick Rea sees it as just the beginning. “Our decision to enter the LNG bunkering market is part of a long-term strategy that recognizes environmental and economic sustainability of LNG as a transport fuel,” said Rea. “It also recognizes that the LNG marine fuel market is still in development so the fact EVOL has over 15 years’ experience in distributing LNG means we saw an opportunity to provide a suite of services that perhaps others can’t.

Skangas LNG for Stormossen’s gas station

LNG tank-photo Stormossen

Skangas signed a contract with Stormossen, Finland, to deliver liquefied natural gas (LNG) to their first biogas station in Vaasa. Stormossen offer fuel both for the public transportation sector and for passenger cars. Skangas’ flexible delivery of LNG will form the back-up and secure Stormossen’s supply of biogas to their customers. For the new biogas station, Stormossen produce the biogas by the means of local waste. The biogas is sustainable, local produced and neutral as to CO2 emissions. It emits zero particles and close to zero NOx (nitrogen oxide) compared to diesel and petrol.