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voda 12 april 2018 17:12

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Dominion Energy enters commercial service for LNG export

The Dominion Energy Cove Point (DECP) liquefied natural gas (LNG) terminal has entered commercial service for natural gas liquefaction and export. After completing a planned maintenance outage, the facility has been ramping up to full production of LNG from natural gas provided by its export customers since late March. DECP will produce LNG for ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, and for Gail Global (USA) LNG, the U.S. affiliate of GAIL (India) LTD, under 20-year take-or-pay contracts.

Meanwhile, Dominion Energy (NYSE: D) is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 26,000 megawatts of generation, 14,800 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation’s largest natural gas storage systems with approximately 1 trillion cubic feet of storage capacity and serves nearly 6 million utility and retail energy customers. For more information about Dominion Energy, visit the company’s website at www.dominionenergy.com.

Source : Strategic Research Institute

voda 17 april 2018 18:22

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PNG LNG restarts LNG production ahead of schedule

Santos has been advised by ExxonMobil, the PNG LNG operator, that production of liquefied natural gas (LNG) has safely resumed following a temporary shutdown of operations after the severe earthquake in the region on 26 February. LNG exports are expected to resume soon. Santos Managing Director and Chief Executive Officer Kevin Gallagher said, “The safe restart of LNG production, ahead of ExxonMobil’s previously guided eight week timeframe, is a major achievement by the operator.”

At present one train is operating at the LNG plant near Port Moresby. It is expected that the second train will restart as gas production is increased up over time.

Mr Gallagher thanked ExxonMobil, joint venture partners and the PNG Government for all their efforts in safely resuming production. “Santos also looks forward to continuing to work with our local communities in PNG who still have a long road to recovery following the loss of life, homes and crops caused by the earthquake.”

In addition to PNG LNG expertise and resources being deployed for humanitarian relief, Santos donated US$200,000 to provide assistance to isolated communities in PNG for urgently needed food, water and medical supplies following the earthquake.

Source : Strategic Research Institute

voda 19 april 2018 22:33

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New LNG vessel deliveries could be delayed on long market - ICIS

The number of new LNG carriers delivered to the market has soared this year, leaving the shipping industry to question whether last winter’s rise in charter rates can be repeated in the coming years. Despite some companies agreeing in advance to delay the delivery of carriers to next year, 2018 is expected to become the busiest year on record for new LNG ship supply.

A total of 20 vessels have come to the market in the first quarter of this year. This is double what was delivered over the first quarter in the past three years, data collected by ICIS showed.

Out of 20 newly-delivered vessels, four were constructed in Japan, two in China, with the rest in South Korea.

Delays to market
Japanese utilities have asked yards to slow down deliveries so that vessels are delivered at the same time as when the new US LNG export plants, Freeport and Cameron, start production, according to sources at Asian and European ship owners.

At least one enquiry was made to a South Korean shipyard as well.

The delay would reduce the number of uncommitted vessels on the market that could be available for spot charters.

Up to five vessels have also been fixed on multi-month charters to bridge the gap with the project start-ups, according to fourth quarter 2017 results of ship owner Flex LNG published earlier this year.

Energy consultancy Wood Mackenzie believes that 61 vessels are currently scheduled for delivery in 2018.

Ship owners said that more than 10 of them will be delayed by as much as eight months, with deliveries starting from the end of this year.

But the market will also see some new ships arrive that were built in the past two years and have not yet been delivered.

Mr Andrew Buckland, LNG shipping and trade principal analyst at Wood Mackenzie, said that “In recent years a lot of ships scheduled for delivery have been delayed due to overcapacity in the LNG shipping market and low charter rates.”

Out of 20 new ships delivered in the first quarter, three vessels were built in 2017. These new deliveries may keep LNG charter rates depressed throughout 2018, despite the potential delay with the delivery of vessels for the Freeport and Cameron projects.

The bearish trend may also persist as some LNG production projects that have not yet made a final investment decision could already be in negotiations to order ships for their projects, according to a shipbroker.

New orders pick up
Mr Buckland said that orders for new LNG ships have picked up this year, partially reacting to high prompt charter rates this winter, which has given renewed confidence in the sector to ship owners.

He said that “Last year, there were 19 orders overall, while we are already approaching this number this year.”

Samsung Heavy Industries said last week, referring to Clarksons Research, that 194 LNG carriers are to be ordered within the next five years, including 37 this year.

The construction of LNG vessels is also cheaper than before, with strong competition between the shipyards for new orders, according to a ship owner.

Source : Strategic Research Institute

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voda 20 april 2018 16:34

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FLEX LNG signs one year time-charter with Enel

FLEX LNG LTD, a global shipping company specializing in the ownership of LNG carriers, announced that, through a separate wholly-owned subsidiary, it has entered into a time-charter agreement with Enel Trade S.p.A. (“Enel”), a company of the Enel Group, a multinational power company and one of the world’s leading integrated electricity and gas operators.

The time charter period of 12 months will commence during the second half of 2019. Enel also has the option to extend the contract by an additional 12 months subsequent to the firm period. FLEX LNG intends to employ the LNG carrier FLEX ENTERPRISE for this business, however the Company also has the option to nominate one of its sister vessels.

FLEX ENTERPRISE is a 173,400 cbm LNG carrier with MEGI propulsion built in 2018. Jonathan Cook, Chief Executive Officer, commented “We are pleased to announce a time-charter agreement with Enel for one of our new MEGI vessels and we look forward to working closely with them throughout the charter period. This charter is in line with our strategy of adding incremental revenue as the market for LNG shipping continues to improve and provides important earnings visibility for the Company.”

Source : Strategic Research Institute

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voda 20 april 2018 16:36

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APSEZ inks long-term LNG regasification agreement with IOC at Dhamra Port

Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, has said that it signed a long-term agreement with Indian Oil Corporation (IOC) to provide liquefied natural gas (LNG) regasification services on a use or pay basis to the state-run refiner at its upcoming LNG import terminal at Dhamra in Odisha.

As per the contract, IOC has booked 3 million tonnes per annum (mtpa) regasification capacity spread over 20 years. IOC plans to supply the gas to its refineries in Paradip in Odisha and Haldia in West Bengal.

Mr Karan Adani, CEO, APSEZ, said that "We are pleased to partner with Indian Oil by signing this long-term agreement. India lacks adequate LNG import infrastructure at present and I am confident that this project will play a key enabling role for increasing gas consumption in that part of the country. In fact, the terminal will play a strategic role in gas supply to Bangladesh and Myanmar as well."

Source : Strategic Research Institute

voda 24 april 2018 16:03

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Panama Canal announces new milestone, transits 3 LNG vessels in one day

The Panama Canal Administration announces that it successfully transited three LNG vessels through its Neopanamax locks on April 17, 2018, marking a first for the waterway. The Panama Canal transited the Clean Ocean, Gaslog Gibraltar and Gaslog Hong Kong vessels, which first arrived at the Canal from the Pacific Ocean and transited north, departing on the Atlantic side.

The development marks a significant milestone for the Panama Canal and its service of the burgeoning LNG segment – which began transiting the waterway for the first time following the inauguration of the Expanded Canal. The segment has seen steady growth in the nearly two years since.

Currently, the Panama Canal offers one of the seven Neopanamax reservation slots available per day to LNG shippers specifically, which currently average five transits per week. However, during periods of high seasonal demand, the waterway has transited two vessels in one day on 14 separate occasions. In this fiscal year, as of March 2018, the Canal has locked 134 LNG transits.

As demand from the LNG segment continues to grow, the Canal remains committed to meeting the needs of its customers and taking the necessary steps to increase capacity commensurate with demand.

Source : Strategic Research Institute

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voda 25 april 2018 16:21

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Cheniere to upsize Corpus Christi LNG financing to USD 6.4 billion

Cheniere Energy, Inc. announced that its wholly owned subsidiary Cheniere Corpus Christi Holdings, LLC (“Corpus Christi Holdings”) has engaged financial institutions to act as Joint Lead Arrangers (“Arrangers”) to assist in the structuring and arranging of up to $6.4 billion of credit facilities. Corpus Christi Holdings will amend and upsize its existing approximately $4.6 billion of credit facilities to increase the available commitments. The amended credit facilities will be used to fund a portion of the costs of developing, constructing, and placing into service three liquefaction trains and related facilities of the Corpus Christi liquefaction project (“CCL Project”), and the related pipeline being developed near Corpus Christi, Texas and for related business purposes.

The Arrangers include ABN Amro Capital USA LLC, Bank of America, N.A., Bank of China, New York Branch, The Bank of Nova Scotia, Houston Branch, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, China Merchants Bank Co. Ltd., New York Branch, Citibank, N.A., Commonwealth Bank of Australia, Credit Suisse, DBS Bank Ltd., Goldman Sachs Bank USA, HSBC Bank USA, National Association, Industrial and Commercial Bank of China Limited, New York Branch, ING Capital LLC, Intesa Sanpaolo S.p.A., New York Branch, JPMorgan Chase Bank, N.A., Lloyds Bank plc, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., RBC Capital Markets, Santander Bank N.A., Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and others.

Cheniere expects to close the amended credit facilities, proceed with a final investment decision for Train 3 of the CCL Project, and issue a notice to proceed to Bechtel Oil, Gas and Chemicals, Inc. for Train 3 in the first half of 2018.

Meanwhile, Cheniere Energy, Inc., a Houston-based energy company primarily engaged in LNG-related businesses, owns and operates the Sabine Pass LNG terminal in Louisiana.

Source : Strategic Research Institute

voda 26 april 2018 21:03

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Iran's LNG exports jump as China, US lock horns in Trade War

Sputnik reported that Iran’s National Gas Company is intent on raising the country’s share in the global gas trade as the Islamic Republic is shifting its focus to international markets. Iranian liquefied natural gas (LNG) exports reportedly rose to around 500,000 metric tons in April as this month’s shipments were 14 percent up from last month’s figure, to bring this year’s total shipments to 1.86 million metric tons.

According to shipping sources, cited by Iranian media, most of the April cargoes are again bound for China.

China’s Oriental Energy Company (OE), loaded 34,000 tons of propane and 14,000 tons of butane supplied by Iranian Gas Commercial Co., aboard an LNG tanker at Iran’s Gulf port of Assaluyeh, which is scheduled to arrive at China’s Qinzhou.

The shipments of Iranian natural gas come as OE was recently ordered by a Texas state district court to pay $523.8 million in damages to Germany's Mabanaft following an LPG contract dispute.

The court ruled that OE had breached its contract by failing to provide a letter of credit ahead of its first scheduled shipment of propane from the US Gulf.

Beijing also plans a hefty, 25-percent increase in import duties on US propane in a retaliatory move which, if implemented, would add a new twist to the US-China trade war. This could shift China's import focus to the Middle East, including Iran.

In the meantime, Iran is pressing ahead with its natural gas shipments to Indonesia, with 33,000 tons of propane and 11,000 tons of butane arriving in the country on April 19.

Source : Sputnik

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voda 27 april 2018 15:35

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Keppel Offshore on track to deliver South East Asia’s first LNG powered tug

Keppel Offshore & Marine, through its wholly owned subsidiary, Keppel Singmarine, is on track to deliver South East Asia's first dual-fuel LNG tug to Keppel Smit Towage on time and with a perfect safety record. The vessel was named KST Liberty at a ceremony held at Keppel Singmarine today, with Mr Loh Ngai Seng, Permanent Secretary at Singapore's Ministry of Transport as the Guest of Honour.

The 65-tonne bollard pull LNG dual-fuel Azimuth Stern Drive (ASD) tug was built to Keppel's proprietary design which won the Outstanding Maritime R&D and Technology Award at the 2015 Singapore International Maritime Awards.

Mr Loh Ngai Seng said at the ceremony, "Today's christening of KST Liberty marks an important milestone in Singapore's journey to make LNG bunkering available at our port as early as 2020. I congratulate Keppel O&M and Keppel Smit Towage for taking the lead, under MPA's LNG Bunkering Pilot Programme, to build and operate Singapore's first LNG-fuelled vessel. Such partnerships bring us closer to our goal of cleaner and more sustainable marine fuels."

Mr Abu Bakar, Managing Director (Gas & Specialised vessels) of Keppel O&M, said, "We are pleased to support Keppel Smit Towage and the industry's push towards adopting LNG as marine fuel with this upcoming delivery of South East Asia and Singapore's first LNG-powered tug. Our award-winning dual-fuel tug design offers more economical operations with efficient fuel consumption; a simplified bunkering process; optimised deck space that increases the safety and comfort of the crew; and ease of operations. One of seven dual-fuel vessels we are building, Keppel O&M has developed various solutions that are able to meet different needs along the LNG value chain."

Smart designs were incorporated to enhance the tug's safety and comfort. The LNG fuel is carried in containerised, type-C ISO-certified tanks on the main deck, and re-fuelling can be done by truck to ship operations or replacing the empty tanks with replenished ones. It is equipped with an innovative and patented LNG vaporiser which is compact and cost-effective.

Mr Romi Kaushal, Managing Director of Keppel Smit Towage added, "This is a state-of-the-art tug, with environmentally-friendly features that exceed the requirements of the International Maritime Organisation's (IMO) global cap of 0.5% on the sulphur content of marine fuel that comes into force on 1st January, 2020. It will have substantially reduced CO2 emissions relative to traditional tugs and be a much welcomed green initiative. KST Liberty will also increase our capabilities as the fitted LNG tanks will allow for extended harbour operations without the need for re-fuelling, enhancing operational efficiency. It is also more compact, compared to tugs of the same bollard pull, providing enhanced maneuverability. We have built a strong partnership with Keppel over the years who have demonstrated their ability to design and deliver quality vessels that meet our needs."

Shell will be supplying the LNG fuel to KST Liberty while FueLNG, a joint venture between Keppel O&M and Shell Eastern Petroleum (Pte) Ltd., will be providing the LNG bunkering services. The LNG bunkering will be conducted at Jurong Port which is able to support LNG bunkering operations.

Meanwhile, Keppel O&M is able to offer solutions in both the demand and supply of LNG as fuel. On the supply side, FueLNG, a licensed LNG bunker supplier in Singapore providing safe truck and vessel bunkering solutions, is able to offer LNG bunkering while on the demand side, Keppel O&M has developed a suite of vessels that can run on LNG.

Source : Strategic Research Institute

voda 8 mei 2018 18:58

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Jumbo completes work on first LNG import terminal In Bangladesh

In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project. The Moheshkhali floating liquefied natural gas (LNG) import terminal is being developed off the shores of Moheshkhali Island in the Bay of Bengal, Bangladesh. It will be the country’s first LNG import terminal and is expected to help secure the future provision of energy for Bangladesh.

The Moheshkhali floating LNG import terminal will include a Floating Storage and Regasification Unit (FSRU), a subsea buoy system and a subsea pipeline, which will connect the terminal to an onshore pipeline system.

INSTALLATION OF SUCTION PILES, PLEM, PAD
Jumbo was contracted to transport and install the mooring system for the FSRU. This involved installing 8 suction piles/anchors, 1 Pipe Line End Terminal (PLEM) and 1 Pad as well as scouring protection.
Mobilization began in mid-December 2017 with the installation execution going ahead in early January 2018. Works on the project have now been successfully completed by the Jumbo offshore team and all the experienced crew aboard the Jumbo Javelin.

PERFORMANCE PRIDE
Tom Rijnders, Project Manager Jumbo: “Conditions on this project were at times challenging due to strong currents and poor visibility, however, the crew on board managed to perform outstandingly with a lot of ingenuity and persistence to complete the project within specifications.”

PROJECT EXPERTISE
This project builds on Jumbo’s mooring system installations for FLNG project expertise and track record. We look forward to performing future projects of the same kind in further developing economies.
Jumbo offshore has built up a solid reputation as a combined transport and installation contractor for the offshore industry. As well as installing subsea structures and moorings we have installed jackets, topsides, and wind turbine foundations.

Source : Strategic Research Institute

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voda 8 mei 2018 18:59

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H-Energy inaugurates India’s first FSRU-based LNG terminal at JSW Jaigarh Port

H-Energy Gateway Pvt. Ltd (the energy venture of Hiranandani Group), on May 1, 2018, launched India’s first Floating Storage Re-gasification Unit (FSRU)-based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. Jaigarh Port is owned and operated by JSW Infrastructure (the maritime infrastructure development arm of the $ 12-billion JSW Group). The LNG terminal was inaugurated by Mr Devendra Fadnavis, the Chief Minister of Maharashtra, in the presence of Mr Sajjan Jindal, CMD of JSW Group, and others.

H-Energy’s LNG Terminal is developed in accordance with world class engineering and safety standards with an annual capacity of 4 MMTPA. It is scheduled for commercial operations by Q4 2018 and will be capable of reloading LNG into other vessels.

The launch of India’s first FSRU-based LNG terminal marks a new era of opportunities to drive the development of port-based industries and social infrastructure in India. The terminal will cater to the need of clean, safe and affordable natural gas. H-Energy’s LNG terminal is also expected to greatly benefit the state of Maharashtra by providing clean fuel for transportation and households, highlighted a release.

The terminal will offer storage, re-gasification, re-loading, fuel bunkering and truck loading facilities to cater to the growing energy demand of Indian industries. When operational, the re-gasified LNG will be supplied to customers through a 60-km tie-in pipeline which shall be connected to the national gas grids at Dabhol.

Expressing his views, Mr Niranjan Hiranandani, Chairman, Hiranandani Group, congratulated all involved and said, "Setting up India’s first FSRU is an honour for our company. We are pleased that the first of our LNG ventures is getting completed on schedule; we also continue to work on our other projects at a steady pace. We would like to reiterate our commitment towards creating infrastructure that will help improve the lives of the people."

Mr Darshan Hiranandani, MD & CEO, H-Energy, said, "We are happy to see our vision turning into reality. Inaugurating the first FSRU project and jetty infrastructure is a key milestone towards completion of this LNG terminal project. The FSRU-led approach will usher a sectoral change in terms of reducing the time taken for commissioning such re-gasification projects. This project enables H-Energy to become a large scale provider of natural gas to India, a much desired green fuel. My sincere thanks to the government of Maharashtra, Ministry of Petroleum and Natural Gas, Ministry of Shipping and the Petroleum and Natural Gas Regulatory Board for their continued help and guidance. I also congratulate my team on the dedication and hard work put in to achieve such a feat."

Capt. BVJK Sharma, Joint Managing Director and CEO, JSW Infrastructure, said, "JSW’s collaboration with H-Energy and the launch of India’s first FSRU-based LNG terminal reiterates our commitment to enable development of state-of-the-art maritime infrastructure facilities in India. In the near future, Jaigarh Port is getting ready for a giant leap to handle 80 MTPA of cargo and is aiming for direct berthing of next generation vessels, i.e. largest dry bulk carrier (Vale Max), LNG carrier (Q-Max), largest container vessels (EEE series) and very large crude carriers. This LNG terminal will enable development of local port-based industries in Maharashtra region."

Source : Strategic Research Institute

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voda 18 mei 2018 16:50

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Australian LNG could fuel Japan's hydrogen push – Mr Coleman

Reuters cited Australian gas could find a big new outlet in its traditional top export market, Japan, as the country pushes to switch to clean hydrogen fuel, the chief executive of Woodside Petroleum said. Woodside CEO Mr Peter Coleman said the opportunity was "huge" beyond 2030, by when he expected hydrogen fuel to be in production in large volumes worldwide, for fuel cells that could power cars and factories.

Japan is pushing to power the Tokyo Olympics in 2020 with hydrogen, as part of a long term drive towards a hydrogen economy. Japanese firms are working on pilot projects in Norway and Australia to produce hydrogen fuel using wind power and coal.

Mr Coleman said that "It's a game changer – hydrogen."

He said that Woodside has discussed the prospects of shipping hydrogen with Japan's Chiyoda Corp.

For Woodside the opportunity would be to use gas it produces off Western Australia to convert to ammonia and then liquid hydrogen to export to Japan.

He added that it makes more sense to produce hydrogen in Australia and then ship it, rather than sending liquefied natural gas (LNG) to Japan to make hydrogen as the production process requires a lot of energy, which Japan is short on.

Meanwhile, Woodside is looking to tap the abundant sunshine in Western Australia's Pilbara region for the energy needed to release hydrogen from methane.

Source : Reuters

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voda 28 mei 2018 19:59

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Japan considering financing Russia's Yamal LNG project

Sputnik reported that Japan is considering participation in financing Russia's Yamal LNG project, Japanese Prime Minister Shinzo Abe said. “As for the traditional sphere [of cooperation with Russia], the energy sector, we are also working on various projects, including on Sakhalin, we continue to consider the possibility of Yamal LNG, the construction and financing of these projects," Abe said at a St. Petersburg International Economic Forum (SPIEF) session.

Yamal LNG is implementing a project to build an LNG plant on the resource base of the Yuzhno-Tambeyskoye field. The shareholders are Novatek (50.1 percent), France's Total (20 percent), as well as Chinese CNPC (20 percent) and the Silk Road Fund (9.9 percent). The project's cost is estimated at USD 27 billion.

SPIEF, held annually in Russia's second largest city of St. Petersburg, is a major global platform for communication between business representatives and the discussion of crucial economic issues. The event started on Thursday and will continue through Saturday. Rossiya Segodnya International Information Agency is the official media partner of the forum.

Source : Sputnik

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voda 31 mei 2018 16:59

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Petronas stapt in Shell's LNG project
Shell heeft belang 40 procent in project.

(ABM FN-Dow Jones) Petroliam Nasional Berhad, bekend als Petronas, heeft een belang genomen in een Canadees LNG project waarin Royal Dutch Shell een meerderheidsbelang in heeft. Dit maakte het Nederlands-Britse energiebedrijf donderdag bekend.

Het gaat om een vloeibaar aardgas project in British Columbia aan de westkust van Canada. Hier bevindt zich volgens Shell een van de grootste aardgasreservoirs ter wereld die goed bereikbaar is.

Petronas neemt een belang van 25 procent in het project. Shell heeft 40 procent in handen, PetroChina 15 procent, Diamond LNG 15 procent en Kogas Canada 5 procent.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 1 juni 2018 19:30

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Shipper BW LPG offers to acquire Dorian LPG in USD 1.1 billion deal

Reuters reported that the world's largest liquid petroleum gas (LPG) shipper, Norway's BW LPG, is offering to buy competitor Dorian LPG in a USD 1.1 billion all-stock deal in an effort to boost its earnings in a weak market.

Dorian shareholders will receive 2.05 BW LPG shares for each Dorian share, equal to USD 7.86 per share, a premium of 13 percent from Friday's closing price, and based on BW LPG's share price on May 28.

New York-listed Dorian LPG's equity is valued at about USD 441 million and including debt the transaction is valued at USD 1.1 billion.

Source : Reuters

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voda 4 juni 2018 21:22

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CNOOC starts building connector for Dapeng and Shenzen LNG

China National Offshore Oil Corp. (CNOOC) started construction of a 1.2-km pipeline to connect the Dapeng LNG terminal with the under-construction Shenzhen LNG terminal, CNOOC said.

CNOOC said that the interconnection will be completed by the end of September and is expected to boost CNOOC’s gas supplies to northern China by 15 million cubic metres per day.

Source : Interfax

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voda 6 juni 2018 20:25

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China's LNG trucking capacity to double by 2025 - Woodmac

Reuters reported that China's liquefied natural gas (LNG) trucking capacity will double to 38 million tonnes by 2025, consultancy Wood Mackenzie said in a report The consultancy said that the flexibility offered from delivering LNG by truck will help offset a lack of infrastructure such as pipelines, storage and regasification units.

Wood Mackenzie said that the country's gas consumption would reach 264 billion cubic metres in 2018, with 12 percent of that delivered by trucks

Wood Mackenzie said that while gas demand is expected to remain healthy this year, the next winter shortage will not be as severe as last season.

Source : Reuters

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voda 13 juni 2018 14:19

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Global LNG trade continues to grow, especially from Australia, US

Global trade in liquefied natural gas (LNG) reached 38.2 billion cubic feet per day (Bcf/d) in 2017, a 10% (3.5 Bcf/d) increase from 2016 and the largest annual volume increase on record, according to the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers (GIIGNL). In 2017, there were 19 LNG exporting countries and 40 LNG importing countries. Australia and the United States were among the countries with the largest increases (2.7 Bcf/d combined) in 2017 LNG exports.

Besides, Australia and the United States, several other countries also increased LNG exports in 2017. The return to service of Angola LNG and increases from several countries including Nigeria, Malaysia, Algeria, Russia, and Brunei added another 1.4 Bcf/d of LNG exports, more than offsetting a combined decline of 0.6 Bcf/d in exports from Qatar, Indonesia, Norway, Peru, the United Arab Emirates, and Trinidad.

Asian countries led the growth in global LNG imports, accounting for 74% (2.6 Bcf/d) of the increase in 2017. Japan remains the largest LNG importer, importing 11.0 Bcf/d in 2017. China had the largest growth in LNG imports globally (1.5 Bcf/d) and became the world’s second-largest LNG importer in 2017, surpassing South Korea. LNG imports also increased in South Korea, Pakistan, Taiwan, and Thailand, which collectively added 1.0 Bcf/d.

Europe increased its LNG imports by 1.4 Bcf/d, primarily in Spain, Italy, Portugal, France, and Turkey. LNG imports in the United Kingdom declined by 0.34 Bcf/d (35%), one of only two countries in Europe to experience declines in LNG imports, as lower winter heating demand from the residential sector and increased electricity generation from wind reduced the demand for natural gas.

LNG imports in South America (Brazil, Argentina, Chile, and Colombia) remained essentially unchanged from 2016. In North America, Mexico’s LNG imports increased by 17% as the country continued to rely on LNG supplies amid declining domestic production and construction delays in infrastructure connecting the Mexican domestic grid to natural gas pipeline exports from the United States. LNG imports into the Middle East declined by 9%, primarily to Egypt and the United Arab Emirates (Dubai).

Growth in LNG trade was driven in part by new liquefaction capacity commissioned in Australia, the United States, and Russia, collectively adding 3.4 Bcf/d of liquefaction capacity. The world’s first floating liquefaction plant, Malaysia’s PFLNG Satu (0.2 Bcf/d capacity), was also commissioned in 2017. Since 2013, the United States and Australia have added a combined 9.67 Bcf/d of new liquefaction capacity, with another 8.3 Bcf/d expected to be completed by 2020. Including additions in the United States and Australia, liquefaction projects currently under construction are projected to increase global liquefaction capacity by 13.5 Bcf/d by 2022.

The United States is expected to add 6.05 Bcf/d of new liquefaction capacity by 2021, in addition to 3.5 Bcf/d already in operation at Sabine Pass and Cove Point. This year the Elba Island liquefaction project in Georgia is expected to commission the first 6 of 10 small modular liquefaction units, or trains, with a combined capacity of 0.2 Bcf/d. New trains at Cameron, Freeport, and Corpus Christi—all along the U.S. Gulf Coast—are expected to be commissioned in the next three years.

Source : Strategic Research Institute

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voda 22 juni 2018 21:57

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LNG preferred as transport fuel, but lack of infrastructure a barrier – Deloitte industry survey

Switching to liquefied natural gas (LNG) is the preferred solution for shipping companies to adopt in order to meet the International Maritime Organization’s (IMO) stringent new international emissions standards for marine bunker fuels, according to the findings of a survey by Deloitte. However, a lack of refuelling and bunkering infrastructure has been identified as the key barrier to the large scale adoption of LNG as a transport fuel.

The survey of over 80 senior energy industry leaders from across the Asia Pacific region was conducted at the second annual Deloitte Energy Trading Summit in Singapore recently.

Survey respondents cited the retrofitting and/or redesign of the existing shipping fleet to accommodate the LNG bunker fuel option as the second biggest barrier to adoption, followed by the price competitiveness of LNG versus liquid fuels. However, despite the challenges, over two-thirds (68 percent) said if the marine fuel market switches to LNG, it will have a positive effect on their overall business.

Ms Bernadette Cullinane, Deloitte Global LNG leader and Australia oil and gas lead said: “LNG is particularly well placed to benefit from the IMO’s emissions legislation. Our survey results are clear recognition the stricter standards will open the door for cleaner marine fuels like LNG and low sulphur marine gas oil to displace heavy fuels. Almost every maritime authority in the world that offers bunkering is now taking a serious look at LNG as an alternative to fuel oil. Whilst infrastructure is an issue, it is being built, and new vessels have been designed, built and are on order.”

Cullinane added that with the globalisation of the LNG market, companies are actively looking at new applications and new markets for gas.

Ms Cullinane said that “One of the biggest opportunities for LNG over the next decade will be in transportation, particularly as a marine fuel. This option is rapidly gaining momentum, presenting an attractive market opportunity for LNG producers.”

She said that “With competition from alternative fuels, especially renewables in the power generation space, LNG needs to develop new customer markets to absorb supply and justify investment in new production facilities. Transportation is a terrific opportunity for LNG suppliers to tap into a growing market. By expanding the customer base, it’s a play that will help underwrite and de-risk future supply developments.”

Source : Strategic Research Institute

voda 28 juni 2018 17:08

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Total, Pavilion Energy take a further step in developing LNG as a marine fuel in Singapore

Total and Pavilion Energy, through their subsidiaries Total Marine Fuels Global Solutions and Pavilion Gas, have signed Heads of Agreement (HoA) to jointly develop a Liquefied Natural Gas (LNG) bunker supply chain in the port of Singapore. The agreement covers the shared long-term time charter of a new generation LNG bunker vessel (LNGBV) to be commissioned by Pavilion Gas by 2020. It also includes an LNG supply arrangement between the two companies enabling Total to deliver LNG bunker to its customers.

The HoA, signed on the sidelines of the World Gas Conference 2018, follows a Memorandum of Understanding (MoU) concluded by both companies in April 2017 on LNG bunkering cooperation in Singapore. The HoA is a significant step forward and contributes to the development of Singapore as an LNG bunkering hub.

The move toward LNG as a bunker fuel is a suitable solution following the decision of the International Maritime Organization (IMO) to set limits on sulphur content in marine fuels from 2020. LNG bunker not only produces zero sulphur oxides, but it also represents an available and competitive solution, which contributes to IMO’s long-term strategy on the reduction of greenhouse gas emissions from ships announced in April 2018.

Mr Patrick Pouyanné, Chairman and CEO of Total, declared, “The development of infrastructure is one of the key drivers for the take-off of LNG as a marine fuel. For the past few months, Total has been very active in that direction. The agreement signed with Pavilion Energy marks a new step in our commitment to provide our customers with fuels that are more environmentally friendly, particularly in Singapore which is the leading bunkering hub in the world.”

Tan Sri Mohd Hassan Marican, Chairman of Pavilion Energy, said, “Pavilion Energy is pleased to work with Total on establishing a robust LNG bunker supply chain in Singapore. Our partnership sets the stage for making LNG bunker readily and reliably available for the market. Together, we mark a decisive step forward in leading the change towards cleaner and more responsible solutions with LNG bunkering in the region.”

Total Marine Fuels Global Solutions is pursuing its ambition to develop the LNG bunker market. The first milestones of its strategy were set in Europe, with the signature of LNG bunker supply contracts for Brittany Ferries and CMA CGM, as well as the long-term chartered bunker vessel with Mitsui O.S.K. Lines that will be positioned in Northern Europe.

Pavilion Gas is committed to the development of Singapore as an LNG hub. In October 2016, Pavilion Gas was appointed as one of two importers to supply LNG to Singapore by the Energy Market Authority of Singapore. In January 2016, Pavilion Gas was awarded the LNG Bunker Supplier Licence to supply LNG bunker to vessels in the Port of Singapore.

Source : Strategic Research Institute

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