LNG Archives — Page 8 of 9 — City Business News

October 13, 2019 No Responses

Firm Secures $376.8m Order For LNG Carrier

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has received a contract for the construction of two LNG carriers for unidentified American customers. According to the company, the deal is worth KRW 446.5 billion (USD 376.8 million). Scheduled to be...

October 6, 2019 No Responses

Firm Delivers 15 LNG Cargoes In Third Quarter

The planned 2019 volumes of LNG delivered eastbound to the Asian Pacific markets via the Northern Sea Route by Russian gas company, Novatek will increase by more than four times compared to last year. During the third quarter of the...

September 9, 2019 No Responses

Firms Team Up On Intermodal LNG Shipping

Russian transportation and logistics company, Fesco has formed an intermodal LNG shipping partnership with China’s Best Ship Energy Management and Zhejiang Rui Neng Ocean Shipping. The company explained that the move would see the parties jointly develop int...

September 2, 2019 No Responses

LNG Firm Secures $180m Loan

Bermuda-registered shipping company, Golar LNG has secured a number of charter deals and a new loan, the company said in its second quarter of 2019 financial report. Namely, Golar LNG fixed four LNG carriers on floating rate contracts and two...

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...