LNG Regasificaton Facility to be Built at India’s Dhamra Port

Gail (India) Ltd and IndianOil announced a memorandum of understanding (MoU) on Wednesday with Dhamra LNG Terminal Pvt Ltd (DLTPL), a company owned by Indian infrastructure conglomerate Adani Enterprises Ltd, to reserve LNG regasification capacity at a new LNG terminal planned at Dhamra Port by DLTPL. Dhamra port was acquired by Adani Enertrprises in May 2014 and is an … [Read more...]

Cuba to Move Ahead with LNG Regasification Project

By Pietro D. Pitts April 28 (Bloomberg) -- Cuba continues moving forward with development of a $1.4 billion natural gas regasification project and a $1.2 billion urea and ammonia plant under a Venezuelan initiative to provide cheap fuel to regional allies. The regasification project will have the capacity to process 2.06 million metric tons per year and consist of … [Read more...]

Exmar LPG Wins Long-Term LPG Charters, Regas Unit Ordered

Exmar LPG, the shipowning joint venture between Teekay LNG and Exmar NV, announced today the winning of long term charters for four of their midsize LPG carriers. Statoil signed a time-charter for 5 firm years up to a maximum of 10 years for two of Exmar's vessels which are currently under construction at Hanjin Subic Bay.  Upon delivery in 2016, these ships will have a … [Read more...]