LNG

A substantial 13 GW of nuclear capacity built by 2051 is meant to replace coal generation in Australia, if the Liberal National Party (LNP) wins the federal election in early May. The incumbent Labor government targets 82% renewable energy – though short-term grid stability hinges on dispatchable gas power plants, partly fuelled by imported LNG.

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.