LNG market

DSME, MOL to reduce FSRU’s environmental impact

The Korean company Daewoo Shipbuilding & Marine Engineering (DSME) along with the Mitsui O.S.K. Lines recently shake their hands and inked an agreement in order to develop new technologies, reducing the environmental affects of the Floating Storage and Regasification Unitis (FSRU).

In fact, through their new technology development named “Cryo-Powered Regas”, both sides goal to enhance the utilization of the LNG cold energy, which is used to be disposed, as power generation energy through the...

https://safety4sea.com/dsme-mol-to-reduce-fsrus-environmental-impact/

Infographic: 2019 was a record year on LNG supply growth

Oil major, Shell, launched its LNG Outlook for 2020, presenting the trends of 2019 concerning the liquefied natural gas demand and growth, highlighting that the year that passed was a record-year of LNG supply growth.

In the infographic below, Shell notes that by 2040 80% of global energy demand growth to be met by renewables and gas, while 60% of increased gas demand from nonpower sectors.

Also, in 2019 China and India remained at the top of using coal and other solid fuels in homes and...

https://safety4sea.com/infographic-2019-was-a-record-year-on-lng-supply-growth/

ADNOC inks deal to convert LNG tanker for FSU charter

ADNOC L&S along with Atlantic Gulf & Pacific (AG&P) shake their hand and inked a 15-year agreement concerning a floating LNG storage unit in Karaikal, India. Under the terms of the charter deal, ADNOC will provide one of its 8 LNG vessels, a 137.756 cbm Moss-type LNG tanker that would be converted to an FSU.

In fact, the tanker vessel is intended to operate in the new LNG import terminal of AG&P, which is located in Karaikal Port in Puducherry, India.

Their collaboration will cover conversion,...

https://safety4sea.com/adnoc-inks-deal-to-convert-lng-tanker-for-fsu-charter/

Japan’s LNG price import to fall during 2020

Japan’s Institute of Energy Economics recently issued its 2020 Energy Outlook in Japan and World, highlighting that region’s average LNG import price is set to low. Namely, the Institute estimates a drop from around $10 per million British thermal units (mBtu) in 2019 to below $9 per mBtu during 2020.

At the same time, the demand in the global LNG industry will spread to 369 million tons, following China’s and India’s increased demand.

As the Institute of energy economics managing director and...

https://safety4sea.com/japans-lng-price-import-to-fall-during-2020/

Japan’s first LNG-fueled vessel completes 100th LNG bunkering

According to a recent statement, the tugboat Sakigake, Japan’s first LNG-fueled vessel, was supplied with LNG as fuel for the 100th time since its delivery in 2015.

In fact, the LNG bunkering was conducted safely and efficiently from a tank truck at the No. 5 quay of Shinko, Yokohama.

The vessel is owned by NYK and operated by Shin-Nippon Kaiyosha, an NYK Group company.

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It is said that NYK is making use of the expertise and know-how the company has obtained...

https://safety4sea.com/japans-first-lng-fueled-vessel-completes-100th-lng-bunkering/

Turkey acquires its first LNG station

The LNG major Shell partnered with Turcas Petrol and launched the first liquefied natural gas filling station in Turkey, commenting that it is an act representing the importance of achieving today’s environmental goals through sustainable methods.

Specifically, the LNG facility is located in Sapanca, on the Istanbul-Ankara highway that facilitates the highest volumes of international transport traffic.

The news was published in Turcas’ Petrol social media account, with the company highlighting...

https://safety4sea.com/turkey-acquires-its-first-lng-station/

Greece is crucial for US plans to sell more natural gas to Europe

According to Al Jazeera, the European market hangs in the balance as the US take aim at Russian-Turkish energy alliance. Greece is now proving to be a test case of the power of liquefied natural gas (LNG) to get market share, while the US is taking notice by the boosting US LNG sales to Europe.

Al Jazeera advises that now two geostrategic energy alliances are crossing swords over southeast Europe and the eastern Mediterranean.

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On one side it is the Russian-Tur...

https://safety4sea.com/greece-is-crucial-for-us-plans-to-sell-more-natural-gas-to-europe/

Grain LNG sets record for gas send-out from a European terminal

Grain LNG, Europe’s largest LNG terminal, exported the highest ever amount of gas in a single day from any European terminal into the UK network. The terminal, situated on the Isle of Grain in the Thames estuary, exported 698 GWh of gas, beating its previous record by more than 100 GWh.

The 698 GWh of gas represents around a quarter of UK gas demand, which is enough to supply gas to all of London and the South East.

Grain LNG is a critical part of the UK’s energy infrastructure. The terminal...

https://safety4sea.com/grain-lng-sets-record-for-gas-send-out-from-a-european-terminal/

Japan celebrates 50 years of LNG imports

Mitsubishi Corporation announced that November 4 is the day that Japan will celebrate 50 years of LNG imports, as Mitsubishi Corporation acting as a buyer’s agent, started receiving LNG in 1969 from the Alaska LNG Project with Phillips Petroleum, today’s ConocoPhillips as a seller.

The company highlights that LNG and natural gas demand is expected to further increase in the coming years, mostly in the developing countries, such as the use of LNG fired power plants to compliment power supply...

https://safety4sea.com/japan-celebrates-50-years-of-lng-imports/

New project eyes LNG export from Alaska to Asia

The new Alaska-based company Qilak LNG revealed plans to ship natural gas from the North Slope field to Asian markets, under a proposed Alaska North Slope LNG export project (Qilak LNG 1 Project). To this end, the company announced a Heads of Agreement (HOA) with ExxonMobil Alaska Production to ship LNG from Point Thomson.

The Qilak LNG 1 Project seeks to capitalize on recent developments in Arctic LNG technology allowing natural gas to be directly exported from the North Slope of Alaska.

This...

https://safety4sea.com/new-project-eyes-lng-export-from-alaska-to-asia/

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