LNG - 13 November 2018

Black & Veatch has released a new report that suggests the natural gas industry is trending up, despite the headwinds of a trade dispute and a surge in renewables.

Lloyd’s Register has presented STX with approval in principle (AiP) for a 50k dwt MR tanker design capable of using LNG as a fuel.

PAO NOVATEK has announced that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd, has successfully shipped an LNG cargo produced from the Yamal LNG project to CNOOC.

MAN Energy Solutions has won a contract to design and deliver an LNG regasification terminal for the Forchem company in Rauma.

According to Reuters, the International Energy Agency has announced that it expects gas to overtake coal as the world’s second largest energy source (after oil) by 2030.

A new ice-breaking tanker, able to traverse the Artic unassisted, is due to load its first LNG cargo from the Yamal LNG project in Russia.

COSCO Shipping Heavy Industry and GTT have signed a Technical Service Agreement.

Oil Search has announced that the Muruk 2 appraisal well, which is located in PDL 9 (Oil Search – 24.4%) in the PNG Highlands, started drilling on 10 November with High Arctic Rig 104.

According to Reuters, Pieridae Energy wants to issue new equity before making a final investment decision on the Goldboro LNG project by mid-2019.