ExxonMobil Signs Preliminary Wilhelmshaven LNG Deal -Uniper

FRANKFURT, Jan 25 (Reuters) - German utility Uniper on Friday said ExxonMobil had signed a preliminary deal to take a substantial share of the regasification capacity at a liquefied natural gas (LNG) floating terminal planned for Wilhelmshaven. "The heads of agreement (a non-binding draft) is an important step towards the realisation of the Wilhelmshaven floating storage and … [Read more...]

Uniper Intensifies LNG Plans with Japan’s Mitsui OSK for FSRU in Germany

FRANKFURT, Dec 17 (Reuters) - Energy group Uniper on Monday entered agreements with Japanese shipping group Mitsui OSK Lines to handle potential deliveries of liquefied natural (LNG) gas into Germany. Discussions about LNG have flared up recently as the German government wants to diversify away from pipeline gas arriving from Russia, Norway and the Netherlands. Suppliers, … [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...]

Qatar Seeks to Open New LNG Markets with Floating Terminals

LONDON, July 19 (Reuters) - Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals. Hoegh LNG, a developer of floating LNG import terminals, expects to start work on the import terminal project in a matter of months, CEO Sveinung … [Read more...]

The Hottest Commodity Asset Right Now Is a 35,000-Ton Steel Ship

  By Anna Shiryaevskaya (Bloomberg) -- At a time when commodity producers are writing down billions in asset values and canceling projects around the world, one niche area of the gas market is booming. Hybrid ships, called Floating Storage and Regasification Units, or FSRUs, offer emerging nations from Egypt to Pakistan a cheaper, quicker way to attack power … [Read more...]