LNG News

[ombugge]

DNV supports large LNG carrier projects at Chinese yards

Representatives of oil major Sinopec, owner COSCO Shipping, and Dalian Shipbuilding Industry Company (DSIC) at the signing ceremony for three 175,000 m3 LNG carriers to be built to DNV class.

The energy transition and the Ukraine crisis have led to a huge increase in demand for large LNG carriers that the traditional yards cannot satisfy alone. Chinese yards are entering this demanding market, and as a trusted partner DNV is supporting the newbuilding processes.

DNV also maintains strategic cooperation relationships on decarbonization with major state-owned shipowners in China. “This is another contribution to building trust in the market,” says Pettersen. “We see a bright future for Chinese-built LNG carriers, and DNV is well-positioned to support this market.”

Source: https://www.dnv.com/expert-story/maritime-impact/dnv-supports-large-lng-carrier-projects-at-chinese-yards.html

[ombugge]

New Fortress Energy charters FSRU for Brazilian LNG import terminal - Splash247

Homepage | New Fortress Energy

Energos Winter is the former Golar Winter, converted to FSRU at Keppel Shipyard in 2009:
https://www.seatrade-maritime.com/asia/golar-winter-fsru-leaves-keppel-shipyard

[ombugge]

Snam to invest over $1bn in Ravenna offshore LNG terminal - Splash247

SNAM purchased 100% of the shares in the owning company in 2022:

Snam purchases new floating regasification unit from BW LNG to contribute to...

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Cedar LNG, SHI and Black & Veatch conclude deal on shipyard capacity

“Through this agreement, we are accessing world-class expertise in the construction and delivery of floating LNG production vessels, which, together with renewable power from the BC Hydro grid, will result in an environmentally leading, state-of-the-art facility for Cedar LNG, with one of the lowest carbon footprints in the world.”

[ombugge]

ABS Grants Approval for Bumi Armada FLNG Design

The new concept incorporates a barge-based liquefaction unit and utilizes existing LNG carriers for storage. ABS completed design reviews based on class and statutory requirements.

[ombugge]

Comment: Europe's ban on dirty methane imports will be good for oil and gas...

Europe’s reliance on high-emission intensity oil and gas imports is influenced by its choice of supplier countries, among them the highest intensity emitters include Libya, Kazakhstan, Iraq, the United States (for oil), and Algeria, Russia, the United States, Nigeria, Azerbaijan and Egypt (for gas). These nations collectively squander approximately 130 billion cubic metres of gas annually through flaring, venting and leaks, much of which could be avoided. This wastage is significant, equating to almost all of the EU’s former imports from Russia and resulting in 3.3 billion tonnes of CO2 emissions.

The new EU regulations mark a critical turning point for producing countries. With the growing satellite monitoring of flaring, methane and CO2, there’s increasingly no place to hide. So the message is clear: rather than “active deflection” or “strategic denial”, high-emitting producing countries should embrace their reality, identify, mature and deliver opportunities, and decarbonise.

[ombugge]

Moss-type LNG carriers may be “obsolete” as newbuilding, but they are still useful in a tight market:

Japan's NYK working to replace propulsion on Moss-type LNG carriers

NYK said the Moss-type LNG tanks installed on steam turbine–driven LNG carriers are “durable and can withstand long-term use.”
Therefore, in addition to improving fuel economic performance, the engine replacement contributes to an efficient use of the ship’s resources, NYK said.

[johnny.dollar]

@ombugge

Moss-type LNG carriers may be “obsolete” as newbuilding,

Why do you say they are “obsolete”? There are advantages to Moss-type “ball ships”, but cost is a major disadvantage.

[ombugge]

Not everybody believe that fossil fuels are singing on the last verse:

Texas LNG and ABB partner on core electric and automation equipment

[ombugge]

@johnny.dollar

Why do you say they are “obsolete”?

Have you seen many building contracts for Moss type LNG Carriers being signed recently?

[ombugge]

CIMC SOE launches Seaspan’s first LNG bunkering ship

These vessels will be regulars on the USWC, from Panama to Alaska:

Designed by Vard Marine, the bunkering vessels will provide ship-to-ship LNG transfer as well as coastal/short sea shipping operations, Seaspan previously said.

Besides Vard, Seaspan partnered with the Port of Vancouver, Canada’s largest port, and FortisBC, the owner of the Tilbury LNG facility in British Columbia.

In addition to supplying LNG fuel for the group’s ferries, the vessels will supply LNG fuel for cruise ships, tankers, and containerships visiting the West Coast of North America.

Seaspan also signed in October a memorandum of understanding with US energy firm AES to provide LNG as fuel for vessels from the Costa Norte LNG terminal in Panama.

[ombugge]

More LNG bunker tankers operating in Europe:

The brand new Italian bunker tanker ALICE CONSULICH on the buoys in the Sloehaven in Vlissingen She was delivered in October by the CIMC SOE (China Shipbuilding) yard and as of December she has a long-term charter with Titan Clean Fuels for the ARA (Amsterdam, Rotterdam, Antwerp) area.
Photo: Wim Kosten – www.maritimephoto.com (c)
https://www.bairdmaritime.com/work-boat-world/specialised-fields/vessel-review-alice-cosulich-italian-operator-adds-lng-bunkering-ship-to-fleet/

An earlier entrant to the game:

The GAS AGILITY outbound passing Maassluis
Photo: Paul Gerdes (c)

VESSEL REVIEW | Gas Agility - World's largest LNG bunkering vessel boasts...

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Cedar LNG project in BC is progressing:

Samsung Heavy scores $1.5bn FLNG order from Cedar LNG - Splash247

Subject to a positive FID, onshore construction work for the project could begin as early as the second quarter of 2024, with the delivery of the FLNG and substantial completion expected by February 2028.

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https://www.energyconnects.com/news/gas-lng/2023/november/shell-bp-call-on-us-eu-task-force-to-intervene-in-lng-dispute/

European oil majors have asked a cross-Atlantic government task force to intervene in a dispute with Venture Global LNG Inc., warning that the US supplier “reneging” on contracts to supply liquefied natural gas threatens Europe’s energy security and undermines the US as a reliable supplier.

[ombugge]

NIMBY is universal:

'Floatel' ship arrives in B.C. to house LNG workers, but local permit still...

On BB Charter to Brdgemans and managed by TSM:
https://www.tschudishipmanagement.com/articles/tschudi-ship-management-welcomes-new-ropax-vessel-ms-isabelle-to-its-fleet

[ombugge]

Undeterred by Sanctions Novatek Begins Production at Arctic LNG 2

In spite of mounting international sanctions Russian gas producer Novatek has begun production at Arctic LNG 2 and the first shipment of liquefied natural gas is likely just weeks away. The company managed to successfully redesign its facility to replace Western technology with Chinese imports and a number of Arc7 LNG carriers will enter into service in 2024.

[ombugge]

Nebula Energy LLC buys majority stake in AG&P LNG, a subsidiary of...

https://nebulaenergy.net/302048785.html

AG&P – Refueled. To You.

[ombugge]

Seatrium delivers Singapore’s first membrane LNG bunker vessel

Following delivery, Brassavola will be chartered by Pavilion Energy to supply LNG bunker in the Port of Singapore. The vessel, which is expected to commence operations in February 2024, will also be deployed by TotalEnergies Marine Fuels to serve its customers under a long-term agreement with Pavilion Energy.
Brassavola, constructed based on a proprietary design by LMG Marin, a wholly-owned subsidiary of Seatrium, adds to the group’s portfolio of proven LNG bunker vessel designs of various capacities. Measuring 116.5 m in length and 22 m in width, the vessel incorporates state-of-the-art technology, including superior loading and faster bunkering rate of up to 2000 m3/h, mass flow metering and online gas chromatograph systems, for improved bunkering turnover and enhanced operational efficiency.

[ombugge]

Photo: COSCO SHIPPING Heavy Industry (Shanghai) Co., Ltd

COSCO hands over first FSRU to Cyprus

PS> Previously known as Galea: https://www.shipspotting.com/photos/555259

[ombugge]

LNG carrier deliveries this year to smash previous record by close to 50% -...

Another year of very firm deliveries is expected in 2025, with 14.5m cu m initially projected to hit the water, while 131 vessels of 22.9m cu m are already on order for 2026-2027 delivery.

“With ca.90% of vessels on order already committed to projects, although project slippage is always a risk, expectations remain for record start -ups and rapid trade growth across 2025-27 to absorb strong deliveries as the sector enters a major phase of expansion,” Clarksons noted in its most recent weekly report.