LEAD STORY
Egypt secures Höegh FSRU for temporary deployment from June
Written by AJ KotzeHöegh has thrown a lifeline to Egypt by agreeing to deploy a floating LNG import terminal, chartered to Australia, beforehand to the Arab nation to preempt fuel shortages. EGAS sub-chartered the FSRU ‘Höegh Galleon’ for service in the Gulf of Suez port of Ain Sokhna for up to 20 months, though extrapolating from ship tracking data the vessel is unlikely to arrive before the end of the first week of June; our Markets Editor Anja Karl investigates.
Turkey’s gas hub quest: Looking for the LNG accelerator
Written by AJ KotzeA major legislative change, market conditions and the ongoing development of offshore gas resources have raised prospects of Turkey evolving into a gas hub using surplus imports and even its own production. However, cautionary voices argue for the focus to lie on the re-export of surplus LNG instead, our Markets Editor Alexander Wilk reports.
Also in this issue
Preliminary data points to ongoing monthly trade decrease
Written by AJ KotzeOur May data showed another LNG trade decrease globally following a slump in April. Meanwhile, demand was weighed down by reductions in Europe, India and the Far East, our Market Editor Alexander Wilk reports.
On 15th May, the world's first fifth-generation ‘Changheng’ series of 174,000 cu m LNGCs, ‘Greenergy Ocean’, was named and delivered five months ahead of schedule. Technical Editor Ian Cochran reports.
The Korean Register of Shipping (KR) has published a research report entitled ‘Guide to Selection of Thermal Properties for Cryogenic Insulation Materials’.
Port Canaveral prioritizes LNG fuelling in expansion plans
Written by AJ KotzeAs demand for LNG as a maritime fuel continues to grow, the need to continually adapt capabilities can add operational drag for organisations but some ports are proactively navigating these challenges by coordinating simultaneous investment in infrastructure, training, and technology. Fuelling Editor Malcolm Ramsay has more.
A round-up of latest events, company and industry news
Written by AJ KotzeCHINA imported more than 30 percent more liquefied natural gas in April than in the same month last year but shipments were still less than in March 2024, signalling an LNG surge that will increase this year’s overall total.
