LNG

Over 40 marine fuel suppliers have gathered at Posidonia 2022 during a critical juncture as shipping fuel and lubes prices skyrocket as the geopolitical and regulatory tussles take their toll.

Equinor and Cheniere have announced a 15-year purchase agreement of approximately 1.75 million tpy of LNG starting from 2026.

TotalEnergies has been the first company selected to partner with QatarEnergy on the giant North Field East LNG project in Qatar.

During the first four months of 2022, the US exported 74% of its LNG to Europe, compared with an annual average of 34% last year, according to EIA.

Adriatic LNG kicks off the auction for operators interested in importing long-term LNG in Europe, with an overall LNG regasification capacity of approximately 147 billion m3 for the next 25 years.

TGE Marine Gas Engineering GmbG has been awarded the contract for a 12 000 m3 LNG bunkering barge with Fincantieri Bay Shipbuilding for the design and supply of the cargo handling system.

The companies, alongside Chevron Corp. and Italy’s Eni, are partnering on the North Field expansion, which will boost Qatar’s LNG output by 64% by 2027.

Despite the ongoing war in Ukraine, it is anticipated that restrictions on the importation of Russian gas to the EU will not significantly impact on gas supply to Ireland.

After extensive repairs and improvement work, Hammerfest LNG is back in production after the fire in September 2020.

Under the SPA, Energy Transfer LNG will supply 0.7 million tpy of LNG to China Gas on a FOB basis.

The US is expected to lead the global LNG liquefaction capacity additions, contributing 57% of the total LNG liquefaction capacity additions between 2022 - 2026, says GlobalData.

The agreement with Japan-based NYK LNG Ship Management covers the engines and related equipment for an LNG carrier vessel, and is designed to maximise the ship’s uptime.

The order comes from its Korean partner shipyards, Hyundai Heavy Industries and Hyundai Samho Heavy Industries.

The paper contains the latest generation of dual-fuel engine technologies, including dual-fuel LNG engines.

The new LNG import terminal, named Golar Tundra, will help safeguard Italy’s energy security and diversification.