A new market study by standards agency DNV GL forecasts a “huge potential” for LNG as a marine fuel in the Iberian Peninsula.
Energy firms ExxonMobil, Eagle LNG Partners and Crowley have signed a partnership agreement to collaborate on the development of LNG as a marine fuel.
Authorities in India have published new guidelines for the operation of LNG-fuelled vessels in the country’s waters.
LNG equipment developer LIQAL has obtained a patent for a new design of LNG dispenser that promises to improve the refuelling process for LNG-powered vehicles.
The Maritime and Port Authority of Singapore (MPA) has welcomed the ports of Ningbo-Zhousan, Marseille Fos and Vancouver as the newest members to its LNG Bunkering Port Focus Group.
Industry coalition SEA\LNG has added Yokohama-Kawasaki International Port Corporation (YKIP) as its latest member, representing the Japanese ports of Yokohama and Kawasaki.
Gas infrastructure specialist Pitpoint.LNG is to build a new LNG bunkering station in the harbor of Cologne port, Germany.
Energy firms Shell and Qatar Petroleum have formed a joint venture partnership focused on the development of LNG marine fuelling infrastructure.
Finnish equipment manufacturer Wärtsilä is to supply LNG-fuelled engines and supply systems for four Finnish equipment manufacturer Wärtsilä is to supply LNG-fuelled engines and supply systems for four next-generation tankers ordered by Swedish shipping line Erik Thun.
Norwegian firm Knutsen OAS Shipping has selected MAN Diesel & Turbo to supply four dual-fuel engines for the construction of two newbuild LNG tankers.
Authorities at the Port of Helsinki have published guidelines for the bunkering of LNG, designed to promote the safe use of the fuel.
Logistics service provider Vos Logistics has announced the expansion of its LNG-fuelled fleet with the addition of two new LNG Ecocombi trucks. The vehicles will operate in the Benelux region on behalf of partner Pipelife, one of Europe’s largest manufacturers of plastic piping and fittings, and will be the first Ecocombi design trucks to be powered by LNG, boosting the scope off the fuel.
Norwegian oil and gas firm Statoil has awarded tanker owner and operator AET a long-term contract to operate two LNG-fuelled offshore loading shuttle tankers (OLST).
Bunker specialist Singapore LNG Corporation (SLNG) has performed its first small-scale LNG gas-up/cool-down and reload at its terminal on Jurong Island.
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.