Sunday, March 7, 2021

Liquefied Natural Gas News

Cheniere Expects Rising LNG Demand with Vaccine Rollout

(Photo: Cheniere)

Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast, predicting higher demand for the fuel as…

Gunvor Founder Raises Stake, Expands Board

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Trading house Gunvor's founder Torbjorn Tornqvist has increased his stake in the firm after a bumper profit year as he bought out some leaving partners and expanded the…

Valenciaport to the Fore in Spain's LNG Bunkering Ops

Baleària Bunkering multi truck to ship Puerto València. Photo: Valenciaport

Valenciaport is at the forefront in Spain in the supply of LNG (Liquefied Natural Gas) by the shipping company Baleària. Specifically, in 2020, the Dénia-based company carried…

LNG Shipping Rates from US Surge to Record Highs

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The cost of shipping liquefied natural gas (LNG) from the United States to Asia hit a record high on Tuesday as appetite for the fuel from buyers there and delays through…

China's Ban on Australian Coal Forces Trade Flows to Realign

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China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.Indonesia and Australia…

Japan Faces LNG Shortage Amid Supply crunch, Cold Weather

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JERA, Japan's biggest electricity generator and the world's largest buyer of liquefied natural gas (LNG), is operating gas- power plants at lower rates as it runs down inventories amid rising heating demand as

Oil Slips, Set for 20% Annual Drop in Tumultuous 2020

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Global crude prices slipped on Thursday and lost more than a fifth of their value in volatile trade in 2020, as lockdowns to combat the novel coronavirus depressed economic…

CNOOC Leads First LNG Group Purchasing on Shanghai gas exchange

Chinese state-owned China National Offshore Oil Corp (CNOOC) has led the first group purchasing order for liquefied natural gas (LNG) on the Shanghai Petroleum and Natural Gas Exchange…

US Axes Environmental Reviews of LNG Marine Transport

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The U.S. Department of Energy on Thursday issued a rule to exclude environmental reviews for marine transport of liquefied natural gas (LNG), as the Trump administration…

MacGregor Inks Deal to Supply LNG Bunker Barge Hose Handling Cranes

LNG Bunkering Barge currently under construction at Fincantieri Bay Shipbuilding. Image: MacGregor/Fincantieri Bay Shipbuilding

MacGregor received an order from Fincantieri Bay Shipbuilding to supply two fixed boom cranes that will handle the hoses on a new 5,400 cubic meter capacity liquefied natural…

Shell to Slash Jobs and Capacity at Major Singapore Refinery

Illustration; Credit: Rex Wholster/AdobeStock

Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions.The refinery on Pulau Bukom…

LNG to FSU Conversion Completed at Sembcorp

Synergy Group, one of the world’s leading ship managers, has successfully converted an LNG carrier into a Floating Storage Unit. Pictured: The FSU at Sembcorp Marine’s Admiralty Yard in Singapore. Photo: Synergy Group

Ship managers Synergy Group converted a 1992-built, 126,000 cubic meters capacity Liquefied Natural Gas (LNG) carrier into a Floating Storage Unit (FSU). The conversion…

Sakura Leader: New LNG-fueled Pure Car Carrier Enters Service

LNG-fueled PCC "SAKURA LEADER". Photo Courtesy Mitsubishi Shipbuilding Co., Ltd.

Mitsubishi Shipbuilding Co., Ltd. completed installation of the first unit of an LNG (liquefied natural gas) fuel gas supply system (FGSS) for marine dual fuel engines, delivered in November last year…

Total Keeps Dividend But Cuts Investment Target

(File photo: Total)

Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend.The company…

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

Historical growth and prospects of gas investment for short-, medium- and long-term ($ billion). Source: GECF Secretariat, based on data from the GECF GGM

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas…

Baker Hughes Plots Low Carbon Future

Snam and Baker Hughes recently tested the world’s first hydrogen blend turbine for gas networks (Photo: Baker Hughes)

Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive…

Japan Trio Begins Work on an Ammonia-Fueled Tugboat

A trio of marine powers in Japan -- NYK, IHI Power Systems Co., Ltd., and ClassNK -- seek to develop the world’s first ammonia-fueled tugboat. Image Courtesy NYK, IHI Power Systems, ClassNK

As the marine industry works to find the ‘fuel of the future’ to address increasingly stringent emission regulations, an interesting development from a trio of marine powers…

US Energy Exports Severely Disrupted by Hurricane Laura

File photo (Credit: Andrew Kendrick, U.S. Coast Guard)

Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S.

US LNG Loading Delays Expected as Hurricane Slams Gulf Coast

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Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S. oil and gas industry on the Gulf Coast…

Total Books $8 Bln Asset Impairments

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French energy group Total will book an exceptional impairment charge of $8 billion mainly on its Canadian oil sands and liquefied natural gas projects, it said on Wednesday."Overall, the exceptional asset impai