MOSCOW, June 1 (Reuters) - Russian gas producer Novatek said on Monday that the Christophe de Margerie tanker carrying liquefied natural gas from its Yamal LNG plant has successfully completed the ice-covered eastbound Northern Sea Route. The route across the Arctic Ocean is seen as strategic by Russia, which wants to use it to speed up deliveries of cargoes between Europe … [Read more...]
LNG Tanker Set to Deliver Gas to U.S. with European Stockpiles Near Full
June 10 (Reuters) - A ship carrying liquefied natural gas from Nigeria is expected to drop its cargo in Georgia as energy firms look for a place to store the super-cooled fuel with prices higher in the United States and stockpiles nearing full capacity in Europe. The ship, Madrid Spirit, does not have a destination listed, according to data from Refinitiv, but is located a … [Read more...]
New Breed of Gas Ships Emerges to Capture Growing Markets
By Anna Shiryaevskaya (Bloomberg) --The new Saga Dawn liquefied natural gas tanker shuttling between Singapore and Humen in eastern China is a sign that the fastest-growing fossil fuel is permeating into markets once thought inaccessible. A so-called mid-sized tanker, the ship can travel up the Pearl River to access inland markets, extending LNG’s reach beyond traditional … [Read more...]
$19 Billion LNG Ship Order a Boon for South Korean Shipbuilders
SEOUL, June 2 (Reuters) - South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday. Qatar's state-run LNG producer signed agreements with South Korea's "Big 3" shipyards on Monday to secure more than 100 ships through 2027, … [Read more...]
Qatar Launches Largest LNG Shipbuilding Program in History at Korean Yards
State-owned Qatar Petroleum has entered into shipbuilding agreements with South Korea’s “Big 3” shipyards for the construction of up to 100 LNG carriers valued at more than US$19 billion. The deal is beleived to be the largest LNG shipbuilding program in history. Under the agreement, Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and … [Read more...]