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The American Bureau of Shipping, the US maritime classification society, was selected by FueLNG of Singapore to class the Asian city-state’s first LNG bunkering barge, scheduled to enter the construction phase in January 2019.
Bahrain has completed the construction of the jetty and offshore sections of its first LNG import facility at a location about 5 kilometres from the existing breakwater at the Khalifa Bin Salman Port and the terminal is on schedule for completion in 2019.
A US Energy Department statement to the Senate has highlighted deficiencies in the European Union LNG network that could hamper the free flow at market prices of exports from the Gulf Coast and other US regions.
Hoegh LNG, one of the main LNG project companies with a growing fleet of floating storage and regasification units, has overhauled the management of its group and its US-listed affiliate as part of long-term strategy development.
Tellurian Inc, the developer of the Driftwood LNG export plant in Louisiana and its three affiliated pipelines, received a draft environmental impact statement from US regulators to stay on track for a start-up in 2023.
A supply surplus remains in the LNG market overall, though in the past two years there has been robust demand in emerging countries for spot volumes. This is causing spot prices to remain high as China will continue to be a key destination for shipments in the Northern Hemisphere winter.
Several thousand delegates are arriving in Barcelona for Gastech 2018, the conference and exhibition at the forefront of the LNG and energy industries and set to be opened on September 17 by King Felipe VI of Spain.
Teekay LNG Partners, the New York-listed affiliate of the shipping company with 48 liquefied natural gas carriers in its fleet, has made board changes as it continues to develop its LNG strategy.
Singapore LNG cargo indices for October eased in the past week with Dubai-Kuwait-India shipments for November falling just under the US$12.00 per million British thermal units mark, though North Asian prices are proving more robust at higher levels.