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LNG

Floating LNG Power Vessel Market to $1bln by 2025

Pic: Wärtsilä

The global floating LNG power vessel market was USD 931 million in 2018 and is anticipated to reach USD 1,041 million by 2025, at a CAGR of 1.61% between 2019 and 2025.The floating LNG power vessel market is likely to experience significant growth over the upcoming years, owing to the growing demand for floating LNG power vessels,

Klaipeda LNG in Full Capacity

Image: Klaipedos Nafta

Lithuania's liquefied natural gas (LNG)  terminal Klaipėdos Nafta (KN) said that its terminal capacities are now fully booked for the rest of the Gas Year, following the favorable situation in the international gas markets that has been determining the highest operative efficiency of the LNG terminal since the launch of its activities.

Canada's FortisBC to Export LNG to China

Pic: FortisBC Energy Inc

FortisBC Energy Inc will export Canadian LNG produced by its small-scale LNG terminal in British Columbia to China starting in 2021.The Canadian natural gas utility, which has operated its Tilbury LNG plant since 1971, said in a press release that it has signed a two-year contract to ship 53,000 tonnes

McDermott Wins Pre-FEED Gig by YPF

Pic: McDermott

American multinational engineering company McDermott International announced it has been awarded a contract by Argentina-based YPF to provide pre-front-end engineering design (Pre-FEED) services for a five million tons per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina.

MOL Names 3rd Yamal LNG Carrier

Pic: MOL

Japanese logistics major Mitsui O.S.K. Lines (MOL) announced that a naming ceremony for an ice-breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).The newbuilding has been named Nikolay Urvantsev,

Riga Port Aims Growth with LNG Move

Image: Port of Riga

The Baltic Sea port, Port of Riga is now offering regular port services for liquefied natural gas (LNG)-powered container vessels to reduce the environmental impact of its operations and boost its container throughput."By officially welcoming the new container ship Containerships Polar, the Port

Vinci Bags $306mln LNG-Tank Contract in Canada

Pic: Vinci Construction

European contractor Vinci Construction has been awarded  contract to build a 225,000 m3 liquefied natural gas (LNG) tank in Canada.The Joint Venture composed of Entrepose Contracting and Vinci Construction Grands Projets, said in a release that the contract, which covers the engineering, procurement and construction (EPC) of the tank,

MOL LNG Carrier Rescues Castaway

Map: MOL

Japanese shipowner Mitsui O.S.K. Lines (MOL) said that its liquefied natural gas (LNG) carrier 'Energy Advance' rescued a castaway in the Pacific Ocean about 970km off Luzon Island in the Philippines.The vessel was underway from the port of Ogishima, Japan to Dampier, Australia on July 1 when it received a rescue request.

Qatar Ships 3,000th LNG Cargo To Japan

Pic: Qatargas

Qatari liquefied natural gas (LNG) company Qatargas has set another milestone as it successfully delivered the 3,000th LNG cargo to Japan.The cargo was transported onboard Al Jasra, a conventional LNG vessel with a capacity of 135,000 cubic meters.  The cargo was delivered to the Kawagoe LNG Receiving Terminal, owned and operated by JERA.

AIDA Orders 2 More LNG-Fueled Ships

Pic: AIDA Cruises

AIDA Cruises, the German brand of Carnival Corporation & plc, informed that it is planning to commission two more LNG-powered ships with low-emission propulsion by 2023.AIDA has already been engaging in research into and development of the use of LNG in the cruise industry for over 10 years.With AIDAnova's launch at the end of 2018,

IEA: U.S., China to the LNG Lead by 2024

© Mike Mareen/Adobe Stock

The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024,

BHP to Order LNG-Fueled Bulker

Image: BHP

International mining company BHP BHP floated a bulk carrier tender for LNG-fueled transport for up to 27 million tonnes of its iron ore.The Melbourne-based resource company said in a release that this is the world’s first bulk carrier tender for LNG-fueled  iron ore vessel.The mining giant

ABS, MOL in Landmark Gas Carrier Pact

Photo courtesy of ABS

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S.

USCG & Liquefied Gas Cargoes as Marine Fuel

© vladsv/Adobe Stock

The establishment of air emissions regulations in the form of Emission Control Areas (ECA) and the approaching IMO 2020 sulfur cap have driven the search for economically, commercially, and environmentally acceptable marine fuels. With advancements in technologies and the significant growth of U.

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