Cryogenic storage specialist Chart Ferrox has been awarded a contract to develop Croatia’s first LNG vehicle fuelling station.
A consortium of Japanese industrial firms has committed to a joint study on ship-to-ship LNG bunkering in Tokyo Bay.
The sale of LNG bunker fuel at the port of Rotterdam increased over ten-fold year-on-year in 2017, according to the latest figures from the port authority.
Fuel supplier Nauticor has completed the first LNG bunkering operations for the dual-fuel dredger vessel Scheldt River at Brunsbüttel Port, Germany.
Engineering component supplier Hexagon Composites has been awarded a contract to supply fuel storage tanks for a newbuild LNG supply vessel being built for Babcock Schulte Energy.
Increases in maintenance costs associated with exhaust gas scrubber systems may give a boost to demand for LNG fuel, according to underwater repair specialist Hydrex.
Global energy company Gazprom has announced plans to build two small-scale LNG production facilities to provide fuel for locomotives operated by Sverdlovsk Railway in Russia.
LNG specialist Crowley Fuels has signed a multi-year supply contract with a major pharmaceutical company in Puerto Rico.
India’s ruling party has backed measures to drastically upscale LNG imports in the country and drive wide spread adoption of the fuel for transport.
Cross-sector industry coalition SEA\LNG has launched a new online tool to map the LNG bunkering infrastructure landscape worldwide.
The European Maritime Safety Agency (EMSA) has published a guidance document outlining best practice for the planning and operational stages of LNG bunkering.
Energy company Itsas Gas has performed the first ship-to-ship LNG bunkering at the port of Bilbao in Northern Spain, marking the first such operation in the Atlantic Arc and Mediterranean region.
Authorities at the port of Gothenburg have broken ground on a new LNG bunker facility which is set to become operational later this year.
Fuelling technology firm Titan LNG has signed a long-term rental agreement with the Port of Amsterdam to site an LNG bunkering pontoon at the port.
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.