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Latest From LNG

TMS Cardiff Gas confirms seven-year Total deal

The charter appears to relate to the sole unit previously without a charter out of a total of 11 on order for TMS Cardiff at South Korean yards

Greece Tankers and Gas

Ships reap huge savings from burning LNG at today’s prices

High-sulphur fuel oil prices surge after the crude oil outage at two plants in Saudi Arabia. This situation has has boosted liquefied natural gas’ cost advantage as a marine fuel

International Bunkers

Shell and Qatar Petroleum set up LNG bunkering venture

The two companies will take equal ownership in the new venture, which aims to facilitate the sale of liquefied natural gas as a marine fuel to end customers around the world

Energy Bunkers

Igor Tonkovidov to take over from Sergey Frank at Sovcomflot

Frank will become chairman, with Tonkovidov set to become chief executive after seven years as vice-president and chief operating officer

Sovcomflot Russian Federation

Woodside and Uniper seal 13-year LNG supply deal

Uniper expected to use the supply to boost its LNG trading business in the Atlantic and Pacific basins and expand its portfolio in the region
Asia Pacific Australia

Low LNG prices to stay until 2021, says study

The liquefied natural gas market is only expected to rebalance after 2022, after which new export capacity is expected to slow 

Asia Pacific Tankers and Gas

Anglo-Eastern joins with Exmar in LNG shipmanagement venture

Exmar brings its niche expertise in the liquefied natural gas sector to create synergies that it claims will be a game changer for third-party shipmanagement in the LNG sector

Asia Pacific Singapore

Stopford champions LNG road to decarbonisation

Liquefied natural gas-fuelled ships with eco-design may be the best option for a shipping industry in a rush to adapt to the red tape being thrown around it in response to climate change

LISW International

MISC does not see ‘big shift’ due to IMO 2020

Parent company Petronas is also gearing up for IMO 2020 by preparing facilities to supply liquefied natural gas as a marine fuel in Malaysia

International MISC

Samsung Heavy and Zvezda team up to build Arctic-2 LNG carriers

Deal comes after the $21bn Arctic LNG-2 plant led by Russian private gas producer Novatek gained its final investment decision on Thursday

Asia Pacific Tankers and Gas

Novatek and Sovcomflot announce joint shipping venture

The recent joint ventures will help achieve the goal set by the Russian president to ensure an increase in annual cargo traffic along the northern sea route to 80m tonnes in 2024, says Novatek chairman Leonid Mikhelson

Sovcomflot LNG

Concerns mount on lower price of LNG as US supplies swell

The US Energy Information Administration reported that deliveries of natural gas to customers had reached a monthly all-time high in July this year, with liquefied natural gas export facilities driving the increased demand

US States Tankers and Gas
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