Natural gas shipping company Golar LNG has partnered with private equity firm Stonepeak Infrastructure Partners to launch joint venture company, Golar Power. The new organisation will offer integrated LNG-based downstream solutions and is expected to create opportunities for LNG fuelling via mobile floating storage and regasification units (FSRU).
Russian gas firm Gazprom has announced plans for the ‘expansion of the presence on small-scale LNG markets in Europe’ and to cooperate further with Estonian authorities to supply LNG as a fuel for marine transport.
Environmental regulation and depressed energy prices are helping to drive the uptake of LNG as a fuel for marine transport, according to the U.S. Energy Information Administration (EIA).
Norwegian LNG terminal operator Skangas is progressing plans with industry leaders to develop and share best practice in bunker-supply operations.
South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has received approval for new LNG bunker vessel designs from maritime classification society Lloyd's Register.
Greek LNG technology developer Helengi Engineering has unveiled its new LNG bunker feeder vessel the Amaltheia.
Dutch shipbuilder Ferus Smit has delivered the second ever LNG-fuelled cement carrier vessel to Scandinavian joint venture company JT Cement.
The Japanese government has backed a new feasibility study into the development of an LNG bunker station at the port of Yokohama in Kanagawa Prefecture on the south of Honshu island.
The International Energy Agency (IEA) expects LNG fuel prices to remain low for the next five years as China, India and ASEAN countries emerge as key buyers.
Global transportation firm XPO Logistics has launched a fleet of 31 LNG-powered trucks at its new pallet distribution hub in Bondoufle in Île-de-France in northern France.
India is to pursue the development of LNG-fuelled barges and associated infrastructure on the river Ganges by 2018, according to the country’s Ministry of Shipping.
U.S. developer Eagle LNG has started construction on its new LNG liquefaction plant in the city of Jacksonville. The project aims to act as a LNG fuelling hub for the maritime and road haulage sectors in the region and is scheduled to commence operations in 2017.
Excessive bureaucracy and unnecessary regulation is holding back the uptake of LNG fuelling at the port of Hamburg, according to LNG fuelling specialist Becker Marine Systems.
Energy think tank the Sightline Institute has expressed concerns over the safety of plans for a proposed LNG bunker and fuelling facility at the port of Tacoma in the U.S.
Cochin Eyes role as LNG bunker hub
The port of Cochin in India is reportedly set to develop its role as a global bunker destination, according to discussion held at the International Bunkering Conference. Authorites at the Cochin Port Trust and the Indian Customs, Central Excise and Service Tax department discussed challenges in “bunker sales and bunkering business” in India and hailed the Cochin Port model for its promotion of LNG bunkering trade. The Port Trust also called for further facilitation of floating bunker storage. Located on the Laccadive Sea, Cochin Port is a major Indian Ocean port and one of the largest ports in India.
Engie, AES sign LNG joint venture
Fuel specialists ENGIE AND AES have entered a joint venture to market and sell LNG to third parties in Central America. The venture operate via the Costa Norte LNG terminal in Colón, Panama. The terminal is currently under construction and is jointly owned by AES and Inversiones Bahía. It will have capacity of approximately 1.5 million tonnes of LNG per annum. ‘This joint venture further strengthens the joint marketing agreement signed by Engie and AES late last year, whereby both groups agreed to jointly market LNG in the Caribbean, from AES’ Andres regasification facility in the Dominican Republic,’ Engie said in a statement.