In this issue

 

Our North America editor The US Sabine Pass LNG export plant being built by engineers Bechtel at the existing import terminal in Louisiana is at just over 96 percent completion,…
KBR Inc., the US engineering company, was awarded a contract by an LNG export venture on the US Gulf coast headed by former Louisiana Governor Charles E. Roemer.
Our Europe editor Deltamarin, a Finnish ship design, offshore engineering and construction group, said it signed a contract to design the world's first handysize bulk carrier to use liquefied natural…
South Korean shipyards, the largest builders of liquefied natural gas carriers, are facing falling orders for new LNG vessels as the current fleet is at more than its optimum level,…
OLT Offshore LNG Toscana, the Italian import facility deployed offshore the Mediterranean coast, will provide peak-shaving services for a third consecutive year from a cargo of 72,000 cubic metres of…
Our North America editor The United States is well positioned to become a key player in global liquefied natural gas as its proved reserves have soared again, posting a 10…
The Alaska LNG project's management committee is scheduled to meet on December 4 when a unanimous vote of all partners will be required to continue preliminary front-end engineering and design…
Our Asia-Pacific editor Energy World Corp., the Australian-listed liquefied natural gas development company from Hong Kong, is aiming to complete its Indonesian liquefaction plant and Philippines LNG import terminal in…
Our Asia-Pacific editor The Chinese government is reducing the domestic prices for natural gas to try and stimulate demand for LNG and pipeline supplies amid a worldwide gas glut coupled…
US company Black and Veatch said it was continuing to develop its liquefied natural gas business with offshore processing facilities such as the regasification topsides provided for the first Floating…
Our Europe editor
Tuesday, 24 November 2015
The Dunkirk LNG import terminal in the French Channel port has been connected to the natural gas transmission network by France's GRTgaz.
BG Group said its Australian LNG project and coal-seam gas subsidiary QGC plans to spend A$1.7 billion (US$1.2Bln), ahead of its takeover by Royal Dutch Shell, in further developing its…
Our Asia-Pacific editor Japanese monthly LNG import volumes have suffered their biggest plunge of 2015, falling by 12.8 percent in October as far fewer cargoes were imported from the Middle…

News Nudges

Key LNG virtual event

One of the world’s main LNG shipping-focused conferences, Capital Link’s Annual New York Maritime Forum, is taking place on a virtual basis over two days on October 14-15. The event is organized in partnership with DNB ASA, Norway’s largest bank and in cooperation with Nasdaq and the New York Stock Exchange. Registration for the event is complimentary. The Forum has been held in New York City for the past 11 years and covers liquefied petroleum gas and LNG issues in the international shipping markets.


STX bunker ship plan

STX Offshore & Shipbuilding Co., the South Korean yard specialising in mid-sized ships and which is still suffering financial problems because of a lack of orders, said it completed the design of a 7,500 cubic metres capacity liquefied natural gas bunkering ship. “The design project was in cooperation with the government-funded Korea Research Institute of Ships & Ocean Engineering,” said STX. The Korean company in 2017 delivered Royal Dutch Shell’s first LNG bunkering vessel, the 6,500 cubic metres capacity “Cardissa”.


Spot charter rates rise

Shipping charter rates for LNG carriers in the spot market increased over the past week by up to $6,500 per day. Rates were quoted at an average of between $64,000 per day and $66,000 per day West of Suez and at rates of between $67,5000 per day and $69,500 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers.