The government of Malta is to explore the development of LNG bunkering infrastructure across the island, following a €600,000 research grant from the European Union.
The market for LNG bunkering is set to grow solidly over the coming decade reaching record levels by 2025, according to the latest figures from consultancy Transparency Market Research.
A manufacturing consortium led by engineering firm Kooiman Marine Group has been contracted to start manufacture of Titan LNG’s FlexFueler LNG bunkering pontoon.
The government of Japan has announced plans to invest US$10 billion to support Asian LNG growth and improve uptake of LNG bunkering.
Specialist LNG firm Skangas has completed the first synchronised cool down and bunkering operation to switch a vessel from diesel to LNG at sea, at Danafjord outside Gothenburg.
Energy major Shell has signed a long-term agreement with shipping line Siem Car Carriers to supply LNG for two newbuild vessels.
Trains running on the Obskaya-Bovanenkovo railway in the Yamal Peninsula in Siberia, Russia are set to become some of the first to be powered by LNG.
Maritime fuelling consortium Gas4Sea has been selected by Norwegian energy group Statoil as LNG marine fuel supplier at the port of Rotterdam, Netherlands.
Engineering firm Bakker Sliedrecht is to supply power packages for the world’s first LNG-fuelled offshore installation vessel, Orion.
Finnish equipment manufacturer Wärtsilä has installed the world’s first hybrid energy storage solution for an offshore vessel, combining a battery pack with LNG-fuelled engines.
Danish gas specialist Kosan Crisplant has announced a mobile LNG refuelling system designed to provide high-capacity bunkering on an ad hoc basis.
The management board of Polish natural gas transmission system operator Gaz-System has issued recommendations for the planned extension of the Świnoujście LNG Terminal, including a new loading berth for LNG bunker vessels.
Joint venture bunker specialist FueLNG has completed the first commercial truck-to-ship LNG bunkering in Singapore for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo.
Infrastructure developer Okra Energy has installed Peru’s first small-scale LNG facility, paving the way for first bunkering of the fuel in the country.
Woodside plans LNG truck loading facility expansion
Australian oil and gas company Woodside Energy is reportedly planning to quadruple the size of its Pluto LNG truck loading facility, following the signing of its first customer this week. Sheffield Resources signed an agreement for the equivalent of five terajoules of LNG per day for 15 years as part of the Thunderbird mineral sands project. Woodside plans to expand its LNG truck-loading operations at Pluto to extend its virtual pipeline concept serving mines in the region.
India makes headway on LNG infrastructure
Authorities in India are to introduce close to 20 LNG fuelling stations on some of the country’s main heavy transportation routes next year, according to energy major Petronet LNG. Tenders are currently under consideration with the aim to establish a pilot project base of some 5,000 LNG-fuelled trucks travelling five leading national highways. “Following its successful experiment, this exercise would have a repeat in subsequent year of 2020 for another estimated 5,000 trucks that can run on national highways on LNG with a fuel cost saving of nearly 25 percent as well effectively addressing the issue of fuel pollution,” V. K. Mishra, director at Petronet, said. Indian manufacturers including Tata and Mahindra are also expected to produce LNG-fuelled vehicles and buses helping to drive demand growth.
Study points to “strong investment case” for LNG
A study commissioned by industry coalition SEA\LNG has revealed a strong investment case for LNG as a marine fuel in the container shipping market. The research analyses usage for a newbuild 14,000 TEU container vessel operating on an Asia-US West Coast (USWC) liner routing and compares six fuel pricing scenarios. “The study unequivocally shows that for this vessel type, on this trade route, LNG as a marine fuel delivers the best return on investment on a net present value (NPV) basis over a conservative 10-year horizon, with fast payback periods ranging from one to two years,” Peter Keller, Chairman of SEA\LNG, said. The study was produced by independent simulation and analytics firm Opsiana and indicates that LNG provides a greater ROI than alternative compliance solutions, including the installation of Exhaust Gas Cleaning Systems (EGCS), or scrubbers, across 5 out of 6 of the fuel scenarios explored. It also reveals a diminishing CAPEX hurdle, competitive energy costs, the stability of LNG pricing, and the realistic cost of scrubbers.