February 2021

LEAD STORY

The first implementations of FLNG technology were balance sheet financed with concepts capturing all stages of gas production on one vessel. However, this resulted in very costly projects, with cheaper innovations seeking to edge them out as leading concepts. Markets Editor Alexander Wilk reports.

Also in this issue

On Joe Biden’s first days in the Oval Office he signed a flurry of executive orders like re-joining the Paris Agreement and the WHO, but relations with China remain tense and factious as the new US President inherits a trade war that now involves over $700 billion in bilateral trade. Though China’s Phase 1 trade commitment to buy an additional $52.4 billion of energy from the United States by end-2021 will remain in place, analysts say it looks “difficult to achieve.” – Markets Editor Anja Karl reports.

January trade growth is likely to come in below its December counterpart, our preliminary data indicate. Although there was still time for an improvement before month-end, significant trade growth is likely going to be elusive in January, our Markets Editor Alexander Wilk reports.

John Roper, CEO Middle East, Uniper Global Commodities SE, explains

A large box must be ticked before LNG can be considered a cornerstone of the 21st century energy basket – and that is its decarbonisation.

ABS, the American Bureau of Shipping, and Singapore-based Keppel Offshore and Marine said they were currently completing key features of the world’s first smart LNG bunkering vessel. ABS and Keppel said the vessel, the “FueLNG Bellina”, would be equipped with Keppel’s proprietary AssetCare Digital Solution.

Equipment maintenance agreements are today the mainstay of vessel operations, reports Technical Editor Ian Cochran.

Zvezda Shipbuilding Complex recently announced that it had started the construction of a second Arc7 LNGC in the latest series.  Technical Editor Ian Cochran takes a look at this innovative gas carrier series.

Standardisation is set to be a driving factor in wider adoption of LNG fuelling infrastructure in 2021, according to industrial cryogenics specialist Cryostar. LNG Fuelling editor Malcolm Ramsay reports.