LNG – Page 9 – City Business News

July 25, 2020 No Responses

LNG Prices Steady As Surplus Cargoes Weigh

Asian spot Liquefied Natural Gas (LNG) prices held steady this week, under pressure from surplus cargoes in the region as inventory levels in top importing countries remain full.Some enquiries for winter cargoes could boost prices in coming months, several trade sources said.The...

July 1, 2020 No Responses

LNG Tanker Collides With Car Carrier

A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping’s car carrier offshore Belgium’s Oostende. The 174,000-cbm Amberjack LNG and Grand Venus were in a “minor” collision on June 28 some 25 kilometers offshore the...

June 3, 2020 No Responses

Firm Secures LNG Contract Extension

Denmark’s Svitzer, the world’s largest tugboat operator, said Tuesday it has won a contract extension to support operations at Egypt’s Idku LNG export plant. Under the extension, Maersk’s unit Switzer will continue to assist the Egyptian LNG-operated p...

May 11, 2020 No Responses

South Korea Begins Work On Small LNG Vessel

South Korea has started building a small liquefied natural gas bunkering vessel as part of a project backed by the Ministry of Oceans and Fisheries. A steel-cutting ceremony to mark the construction of the 500 cubic meter capacity LNG bunkering...

January 16, 2020 No Responses

DPR Tasks LPG Plant Operators On Safety

The Department of Petroleum Resources (DPR) has urged Liquefied Petroleum Gas (LPG) plant operators to take necessary measures to ensure safety of end users of cooking gas in Kaduna State. The DPR North West Zonal Operational Controller, Mr Isa Tafida,...

December 19, 2019 No Responses

Firm Takes Delivery Of 1st LNG Carrier

Dubai-based Tristar Group has taken delivery of its first liquefied natural gas (LNG) tanker, the 2008-built Tristar Ruby. Formerly known as the British Ruby, the 155,000 cbm tanker was bought from French company Societe Generale, according to data provided by...

November 24, 2019 No Responses

LNG Firm Secures $629m Loan

Bermuda-based LNG carrier owner, Flex LNG will obtain a new USD 629 million financing for five newbuilds scheduled for delivery in 2020. Earlier this month, the company received firm commitments from a syndicate of eleven banks and the Export-Impor...

October 29, 2019 No Responses

Cameron LNG, Firms Seal Expansion MoU

As part of measures to take part in the Cameron LNG Phase 2 project, Sempra Energy and Japanese trader Mitsui & Company Limited have sealed a memorandum of understanding (MoU). Under the non-binding MoU, Mitsui would purchase up to one-third...

October 14, 2019 No Responses

ExxonMobil, Firm Seal $406m LNG Deal

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). Schedul...

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...