Polish sole liquefied natural gas (LNG) import facility, the President Lech Kaczyński terminal in Świnoujście, has received a new cargo on Tuesday.
Global demand for liquefied natural gas (LNG) grew by 12.5% to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook – a significant increase that bolsters LNG’s growing role in the transition to a lower-carbon energy system.
There are 175 LNG-fueled ships currently in operation, with 203 on order and a further 141 LNG-ready vessels in operation and sitting on the order books, according to the latest figures from SEA\LNG, a UK-based multi-sector industry coalition aiming at accelerating the adoption of LNG as a marine fuel.
The Hague-based LNG giant Shell has reportedly suspended cargo loadings from its Prelude FLNG facility located 475 km North-East of Broome in Western Australia.
European Investment Bank (EIB) signed 445 million Swedish Krona ($45.7 million) loan with Ystad to expand harbour facilities to accommodate LNG vessels on the Swinoujscie-Ystad line can access the harbour.
Uncertainty and disruptions associated with the Covid-19 ( Coronavirus) outbreak in China continue to dog the global LNG markets.
Germany-based LNG supplier Nauticor and compatriot manufacturer of special purpose vessels Fr. Fassmer have unveiled the cooperation in newbuilding and retrofitting projects for ships with LNG engines.
As milder-than-usual winter in both Asia and Europe is curbing demand, there were deals done below $4.00 per million British thermal units (mmBtu) this week, the lowest level in more than 10 years
As the adoption of LNG as a ship fuel continues to speed up, DNV GL has launched a new online bunkering platform to take operators seamlessly from order through to delivery. FuelBoss offers ship owners, operators and suppliers a single common platform for nomination, scheduling, spot inquiries and business intelligence. LNG suppliers Gasum, Cryo Shipping and Nauticor are amongst the confirmed pilot customers and have supported the development with their expertise and domain knowledge.