Why’s A Big Red Tanker Drifting Near Boston?

by Naureen S. Malik (Bloomberg) A red-hulled tanker is drifting in Massachusetts Bay, trying to capitalize on the brief two-month window when natural gas in this region can become the most expensive in the U.S., and sometimes the world. The vessel, owned by Excelerate Energy LP, is periodically delivering super-chilled liquefied natural gas from Trinidad to Excelerate’s … [Read more...]

Excelerate Energy Claims First Ship-to-Ship Transfer of LNG in The Bahamas

Texas-based LNG company Excelerate Energy and Norway's Equinor Energy have completed the first ever ship-to-ship (STS) transfer of liquefied natural gas in The Bahamas. The STS transfer was completed utilizing Excelerate’s floating storage regasification unit (FSRU) Exemplar and Equinor’s LNG carrier Arctic Voyager. A full LNG cargo was transferred using the double-banked … [Read more...]

Stalled FSRU Ready for Start-Up Off Bangladesh

By Ruma Paul DHAKA, Aug 2 (Reuters) - A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations "within a week" after bad weather hampered its start-up, an official said on Thursday. The floating storage and regasification unit (FSRU) will allow Bangladesh to import LNG … [Read more...]

Colombian Floating LNG Startup Uncertain Says Pacific Rubiales

Feb 2 (Reuters) - Pacific Rubiales, forced by low oil prices to delay the start-up of its Colombia liquefied natural gas (LNG) plant, said it was impossible to predict when exports would begin, but it was working with buyer Gazprom on alternative options. "The significant drop in oil prices has meant that we have had to reconsider all of our capital expenditures," Peter … [Read more...]

Egypt in Talks With Excelerate for LNG Regasification Ship

By Oleg Vukmanovic MILAN, July 10 (Reuters) - Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags, causing officials to hedge their bets by restarting talks with U.S.-based rival Excelerate Energy. The two-year tale of Egyptian efforts to secure a floating liquefied natural gas (LNG) … [Read more...]