Australian LNG operator Santos signs accord on energy projects with Japan Bank for International Cooperation
Santos, the operator of two Australian LNG plants and the largest stakeholder in the Papua New Guinea export facility, has signed a new memorandum of understanding aimed at securing stable energy in various projects with the Japan Bank for International Cooperation.
Asian LNG prices fall as market enters late November delivery phase and UK gas drops to nearer year-ago levels
North Asian LNG prices declined for a fourth week as cargoes were on the water through to the end of November and European LNG cargo values dropped while UK gas prices were just $7.70 per million British thermal units higher than a year ago.
Korean steelmaker and LNG importer POSCO works on recovery after typhoon hits Gwanyang terminal area
South Korean steelmaker and LNG importer POSCO has been engaged in damage restoration work after a typhoon and was planning to re-start the Pohang steel complex as the gas-fired power plant using regasified LNG is returned to normal capacity.
Korean shipyard chosen to build six more LNG-fuelled containerships as sector powers ahead on clean fuel
French LNG storage designer GTT will supply the tanks for six more LNG-powered containerships ordered from South Korea by France’s Marseille-based shipping group CMA CGM.
The six containerships are being constructed at the Korean shipyard of Hyundai Samho Heavy Industries.
The vessels, each capable of carrying 8,000 containers, will be equipped with an LNG fuel tank with a capacity of 6,000 cubic metres. Each LNG tank will be fitted with GTT’s Mark II Flex membrane containment technology.
The deliveries of the vessels are scheduled from the fourth quarter of 2024 to the fourth quarter of 2025.
GTT noted that the CMA CGM order brings the total number of containerships to 80 that will have LNG capability and be equipped with the Paris-based firm’s storage tanks.
“This order underlines the renewed confidence of our partner CMA CGM in GTT's technologies to equip its LNG-powered container ships,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
“The GTT group is proud to put its technological innovation at the service of the decarbonisation of global maritime transport,” added Berterottière.
China-built vessels
CMA CGM is a pioneer of LNG-powered containerships and has about 12 more of the vessels being built in China.
The shipping line has said it aimed have a fleet of 44 LNG-fuelled containerships by 2024.
The 12 China-built vessels will be delivered between the last quarter of 2023 and the third quarter of 2024.
The construction contracts for those CMA CGM newbuilds were awarded to Hudong-Zhonghua Shipbuilding and Jiangnan Shipyard Co.
Each of the Chinese yards is building six vessels able to carry between 13,000 and 15,000 twenty-foot equivalent units (TEU) of containers.
The first ever LNG-powered containership was delivered to CMA CGM from the Hudong-Zhonghua yard and entered commercial operation in September 2020.
The 23,000 TEU “CMA CGM Jacques Saadé” was named after the late Lebanon-born founder of the shipping line and father of current Chairman Rodolphe Saadé.
US LNG developer Energy Transfer signs up South Koreans after deals with ENN of China and Gunvor
The South Koreans have swooped to become the fourth customer signed up in foru weeks for Energy Transfer LP’s liquefied natural gas volumes from the Lake Charles LNG terminal on the US Gulf Coast being transformed into a liquefaction and export plant.
Korean LNG order
Feb 21 (LNGJ) - Korea Shipbuilding and Offshore Engineering (KSOE), the world’s largest shipbuilder by order backlog, said it won another LNG carrier order worth $217 million. KSOE has won 37 ship orders so far in 2022 valued at a combined $4.37 billion, accomplishing 25 percent of its annual goal of $17.4Bln of orders. KSOE’s three affiliates are Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries.
Greek shipowner Maran Gas chooses classic GTT No. 96 storage tank designs for Korean yard newbuilds
French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) and its South Korean shipyard partner Daewoo Shipbuilding and Marine Engineering received an order for the tank design of two new LNG carriers from Greek shipowner Maran Gas Maritime.
US Calcasieu Pass LNG starts pre-commissioning as start-up of nation’s seventh facility moves closer
The US Calcasieu Pass liquefied natural gas export plant has begun pre-commissioning activities and moved closer to being the nation’s seventh large-scale LNG exporter by the fourth quarter of 2021.
North Asia spot LNG prices rise on steady demand as do Gulf Coast futures on US policy concerns
Global cargo liftings of liquefied natural gas declined after four weeks of increases, but North Asia spot LNG prices broke through the $10.00 per million British thermal units level and North Sea Brent crude cleared $51 a barrel amid concerns about future US energy policies, reflected in higher Gulf Coast LNG futures prices.
Lloyd’s Register approves Korean design for mid-scale LNG carriers with IMO-type B storage tank
Lloyd’s Register, the UK maritime classification society, has approved a design by a South Korean shipyard for a mid-scale LNG carriers of 30,000 cubic metres capacity with prismatic IMO Type-B storage tank design.
