LNG Archives — Page 5 of 9 — City Business News

June 23, 2022 No Responses

Samsung Wins $3b Contract For 14 LNG Carriers

South Korean shipbuilder, Samsung Heavy Industries (SHI) has received orders for the construction of a total of fourteen Liquefied Natural Gas (LNG) carriers. According to World Maritime News, on 21 June, 2022, SHI won an order from an undisclosed Bermuda-based...

May 29, 2022 No Responses

LNG Bunkering: CMA CGM Conducts First Operation In Spain

French shipping major, CMA CGM has carried out its first Liquefied Natural Gas (LNG) bunkering operation in Spain together with energy companies Enagás and Repsol. According to World Maritime News, it was the first pipe-to-ship LNG bunkering operation o...

May 11, 2022 No Responses

Germany Unveils Bill To Accelerate The Use Of LNG

Germany’s government has taken another important step to reduce dependence on Russian energy imports by agreeing on a formulation of the draft law on the acceleration of the use of LNG. The Federal Ministry of Economics and Climate Protection...

April 8, 2022 No Responses

LNG Carrier: CoolCo Completes Acquisition From Golar

The newly formed shipping company, CoolCo has completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG. Cool Company disclosed that it completed the last two acquisitions of eight modern LNG tankers from Golar LNG on Apri...

April 3, 2022 No Responses

KSOE Secures $448.1m Order For Two LNG Carriers

South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order for the construction of two liquefied natural gas (LNG) carriers. The order, valued at KRW 545.8 billion (about $448.1 million), has been placed by an undisclose...

March 2, 2022 No Responses

Can LNG Replace Russian Gas In Europe?

By Ed Cox, Head of Global LNG at ICIS — LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals...

February 22, 2022 No Responses

LNG Trade Attains 6% Growth In 2021

The global Liquefied Natural Gas (LNG) market is expected to remain tight this year following last year’s volatility which saw demand rise 6% and gas prices hit an all-time high, Shell said on Monday. Reuters report that Natural gas prices around...

January 16, 2022 No Responses

EU Blocks Hyundai, Daewoo Shipping Merger

The European Commission has adopted a decision to prohibit a mega-merger that would combine two South Korean shipbuilding companies, Hyundai Heavy Industries Holdings (HHIH) and Daewoo Shipbuilding & Marine Engineering (DSME). The merger between the two So...

December 8, 2021 No Responses

Samsung Secures $622m Contract For Three New LNG Carriers

South Korean shipyard Samsung Heavy Industries (SHI) has received orders for three new LNG carriers valued at $622 million . Specifically, the shipyard received these orders from a Bermuda regional shipping company and from an Oceania regi...

December 4, 2021 No Responses

Shell Closes Prelude Floating LNG

Shell has shut down its Prelude Floating Liquefied Natural Gas (FLNG) facility offshore Western Australia due to a fire incident. Shell operates the Prelude FLNG, located at Browse Basin, 475 kilometres from Broome in Western Australia. S...

November 2, 2021 No Responses

LNG, Vehicle Carriers, Others Drive Panama Canal’s Growth

The Panama Canal has closed its fiscal year 2021 with a record-breaking annual tonnage of 516.7 million Panama Canal tons (PC/UMS), 8.7 per cent higher compared to the 2020 fiscal year and 10 per cent above tonnage registered in financial year ...

October 27, 2021 No Responses

TotalEnergies Names France’s 1st LNG Bunker Vessel

The first liquefied natural gas (LNG) bunker vessel to be based in France has been officially named Gas Vitality at a ceremony held on Tuesday at Hudong-Zhonghua Shipbuilding in China. The 18,000-cbm newbuild vessel is TotalEnergies Marine Fuels’ second coll...

August 7, 2021 No Responses

Shell, Maritime Firm Seal Partnership

Shell Tankers (Singapore) has signed a partnership agreement with ship management company Signal Maritime placing ten Medium Range (MR) product tankers into the company’s MR pool. The company was an early adopter of the Signal Ocean platform in pro...

July 18, 2021 No Responses

Volkswagen Acquires Six LNG Car Carrier Ships

Foremost automobile firm, Volkswagen Group has concluded arrangement to boosts it logistics network with six Liquefied Natural Gas (LNG) Ships Under the arrangement, Volkswagen will transport most of its new vehicles overseas using ...