LNG

Argentine President Alberto Fernandez said he would send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons in the world-class Vaca Muerta shale formation.

The American Bureau of Shipping, the US maritime classification society, has granted approval to a deepwater floating liquefied natural gas production hull designed by Hyundai Heavy Industries of South Korea.

Feb 22 (LNGJ) - Exmar, the Belgian LNG fleet owner and project developer, said its floating storage and regasification unit (FSRU) barge delivered from the Wison shipyard in China at the end of 2017 has left the facility in Nantong and was now bound for Singapore. “There the unit will undergo site specific modifications before departing to its project destination to commence its long-term employment mid-2018 in line with its time charter commitments,” said Antwerp-based Exmar. The vessel is the world’s first newbuild regasification barge and was ordered on a speculative basis. “More information on the charterer and the location will be released at a later stage,” said Exmar.