LNG – Page 10 – City Business News

August 29, 2019 No Responses

Consortium To Build New LNG Terminal

A consortium led by China Petroleum Pipeline Engineering Corporation (CPPEC) has been selected as the preferred bidder for the construction of an LNG terminal at Vassiliko Port in Cyprus. The consortium, comprising Wilhelmsen Ship Management Limited, Aktor S.A...

July 28, 2019 No Responses

Total, Benin Seal LNG Import Floating Terminal Deal

French oil and gas company Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed a gas supply agreement and a host government agreement for the development of an LNG import floating terminal in Benin. The...

May 14, 2019 No Responses

Panama Canal Welcomes Largest LNG Tanker

Less than three years since its inauguration, the Expanded Panama Canal welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) carrier to ever transit the waterway. The tanker, which has an overall cargo capacity of...

May 8, 2019 No Responses

Shell Opens New LNG Terminal

Shell in partnership with Gasnor has opened a new Liquefied Natural Gas (LNG) regasification terminal at Gibraltar. The terminal, which will be operated by Shell’s Gasnor subsidiary will allow the British Overseas Territory to switch from diesel-fueled pow...

May 3, 2019 No Responses

Second LNG Terminal Begins Operations In Bangladesh

Bangladesh has commissioned its second LNG terminal with the launch of operations of FSRU Summit LNG offshore Moheshkhali Island in the Bay of Bengal. According to Excelerate Energy, the FSRU completed commissioning of the LNG terminal, owned by Summit LNG...

May 2, 2019 No Responses

Samsung Builds 1st LNG-Fueled Ships With Own Technology

South Korea’s Samsung Heavy Industries (SHI) informed it has successfully constructed its first LNG-fueled vessels with the shipbuilder’s own technology. The LNG-powered 113,000 dwt oil tanker pair delivered to an Asian shipowner early this year just compl...

April 28, 2019 No Responses

China Acquires Stake In LNG Project

Russian gas producer Novatek has entered into agreements with two Chinese companies, allowing them to buy into the Arctic LNG 2 project. China National Oil and Gas Exploration and Development Company (CNODC), a subsidiary of China National Petroleum Corporatio...

April 18, 2019 No Responses

LNG Firm Secures $700m Financing Option

Golar LNG Limited has received a firm USD 700 million underwritten financing commitment for the conversion of the floating liquefied natural gas (FLNG) vessel Gimi. The financing has been provided to Gimi MS Corporation, owned by Golar LNG Limited with...

March 28, 2019 No Responses

Firm Gets Four New LNG Carriers

Qatar-based Nakilat has established a new joint venture with shipping company Maran Ventures, expanding its fleet to 74 vessels. Under the deal, Nakilat would hold a 60% stake in the JV, while Maran Ventures will have the remaining 40%. With...

March 3, 2019 No Responses

‘LNG Sets Path To Meet Green House Gas Reduction Targets’

Liquefied natural gas (LNG) is a viable pathway to meet the International Maritime Organization’s (IMO) 2050 greenhouse gas (GHG) targets, SEA\LNG boss has said. As explained, the maritime industry has two broad but major environmental initiatives rela...

February 17, 2019 No Responses

First Cameron LNG Export Gets US Green Lights

The Cameron Liquefied Natural Gas (LNG) project came a step closer to loading its first LNG cargo for global export as U.S. Coast Guard personnel wrapped up a safety inspection at the site. The safety inspection included a review of the terminal’s...

January 20, 2019 No Responses

Adoption Of LNG As Marine Fuel Gains Momentum

Ahead of January 1, 2020, signaling the impending entrance into force of the global sulphur cap, adoption of LNG as a marine fuel is set to accelerate, according to Peter Keller, Chairman of SEA/LNG Coalition. The organization has 36 members, repres...

December 27, 2018 No Responses

World’s Largest FLNG Facility Begins Production

Royal Dutch Shell’s Prelude FLNG facility, the world’s largest floating liquefied gas facility, has commenced production offshore Western Australia. “Today the wells have been opened at the Prelude FLNG facility and the initial phase of production has co...