Galp Offers LNG Refueling
Portugal's Galp Energy is expanding its marine fuel offering by supplying low-emission liquefied natural gas for ships and performed the first refuelling of a cruise ship on the island of Madeira earlier this week, it said on Thursday. A company spokesman said the refuelling involving a ship running on LNG was the first carried out at a Portuguese port, and the first on any Atlantic island.
LNG Producers Seek New Markets to Soak up Surplus
The world's top producers of liquefied natural gas (LNG) are investing in ship-fuelling operations, floating import terminals and power plants to open new markets and keep from drowning in a fuel surplus expected to last into the next decade. Companies such as Royal Dutch Shell, Total and Malaysia's Petroliam Nasional Bhd are scrambling to create demand as cheap coal and cleaner wind and solar power threaten to curb growth in the 250 million-tonnes-a-year LNG market.