LNG Shipping

OilCareers.com and Air Energi have released the results of a global oil and gas workforce survey.

RasGas’s first LNG carrier, the Furwairit, has set sail from Spain on its 100th delivery voyage.

GE has received orders to supply propulsion systems totaling 1105 MW for 23 new LNG ships in South Korea. The orders come from Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries.

Wärtsilä has won the contract to supply the LNG fuelled engines for two new-build tugs which arebeing built by CNOOC Energy Technology & Services Ltd.

Australia Pacific LNG have signed a 20 year LNG supply deal with Kansai Electric, the agreement shows the strength of demand for LNG in the Asian market and shows the potential for Australian LNG market to grow.

A new IEA energy report has predicted that natural gas use will see huge growth over the coming years buoyed up by demand in China and Asia, even though European demand is likely to decrease.

Ng Weng Hoong, LNG Industry Correspondent, discusses the disparity between the Henry Hub price and the Asian LNG price.

Repsol has confirmed the cancellation of ten LNG shipments to Argentina due to a breach of contract by Enarsa.

The return of Vladimir Putin to the Kremlin has been heralded as something of a retrograde step in the development and liberalisation of Russia’s economy.

Chevron and Tohoku Electric have signed a preliminary agreement to sell 1 million tpy of LNG to the company for 20 years.

Repsol is likely to cancel all remaining LNG shipments to Argentina after the nationalisation of YPF.

GDF Suez is to supply Gasnor AS with 7.5 TWh of LNG over a 12 year period, starting in 2013.

Tsakos Energy Navigation Limited (TEN) has ordered a state-of –the –art LNG carrier for delivery Q1 2015 from a major South Korean yard. The vessel is of the new tri-fuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternatives to charterers.

Foster Wheeler AG has been awarded the FEED contract for an LNG receiving terminal and jetty in the Dominican Republic by Complejo GNL del Este.

With the rapid rise in demand for LNG from Asia, the Australian coalbed methane (CBM) industry is booming. But could competition from US and Chinese shale gas frustrate Australian ambition?