LNG featured news

LNG featured news

LNG carrier to be converted to LNG bunkering vessel for Shell

Shell is adding yet another vessel to its LNG bunkering fleet. It has signed a contract with Rotterdam headquartered Anthony Veder that will see the 7,500 cu.m LNG carrier Coral Methane, which currently operates as a multipurpose vessel for Shell, modified to serve as an LNG bunkering vessel. The mo...Read More

Hyundai Heavy Wins Order for 5 VLOCs, Reaching 90% of Year’s Target

Hyundai Heavy Industries (HHI) announced on October 23 that the company received an additional order for five 325,000-ton very large ore carriers (VLOCs) from Polaris Shipping. This order was placed based on an option contract signed last month when HHI had landed an order for ten large ore carriers...Read More

1st Ever Floating LNG Ship-to-Shore System Launched

As the LNG industry is looking at a new era in LNG distribution, Gas Natural Fenosa and Connect LNG have made the first ever floating LNG ship-to-shore system a reality. During the sea launch of the first full-scale Universal Transfer System (UTS) on October 7, the duo carried out a complete operati...Read More

South Korea to boost LNG use in power production, transport to cut pollution

South Korea is looking to switch the coal-fired power plants currently under construction in the country to LNG-fueled turbines as it looks to cut down on pollution. According to a joint statement by South Korean ministry of trade industry and energy with the ministries of environment, transport and...Read More

Hyundai Heavy Industries Signed $800 Million Order to Build 10 VLOCs with Polaris Shipping

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced today that it signed a $800 Million worth contract to build ten 325,000 dwt VLOCs (Very Large Ore Carrier) with Polaris Shipping, the domestic dry bulk owner and operator, on September 25. The contract is the largest single o...Read More

South Korea Eyes Looking to Build World’s Largest LNG-Fueled Ship

South Korea intends to launch a pilot project to build a 180,000 gross ton LNG-fueled vessel in an effort to reduce pollutants emitted from ships and promote environmentally friendly industries, the country’s Ministry of Oceans and Fisheries (MOF) informed. The ministry said it will collaborate with...Read More

SHI Unveils LNG Regasification System for FSRUs

South Korea’s shipbuilder Samsung Heavy Industries (SHI) has developed a LNG regasification system for LNG floating storage regasification units (FSRUs). The system, called S-Regas(GI), utilizes glycol to regasify LNG into gas. It was presented to industry leaders on September 21. As SHI’s latest re...Read More

Analyzing the LNG industry in BC as another company bails

Last week, another blow was delivered to BC’s LNG industry when the partners behind the $28 billion Aurora LNG project pulled the plug after four years of analysis. The setback is forcing many people to wonder, what is the future of liquefied natural gas in this province? NEWS 1130 put that question...Read More

ABS grants AIP to Hyundai Heavy Industries FLNG hull design

ABS, the leading provider of classification and technical services to the global offshore industry, has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design, the company said in its press release. ABS and Hyundai Heavy Industries col...Read More

Korea to Build 15 LNG Carriers for Russia

A Korean company has received a contract to build 15 ice-breaking LNG carriers for Russia, the President of South Korea Moon Jae-in said while speaking at the Eastern Economic Forum in Vladivostok on Thursday, September 7. The tankers are said to be intended for the transportation of liquified natur...Read More

US DOE Pushing for Small-Scale LNG Exports

The US Department of Energy (DOE) has proposed a rule that will provide for faster approval of small-scale exports of natural gas, including liquefied natural gas (LNG), from US export facilities. The US small-scale LNG export market involves exports of small volumes of natural gas from the United S...Read More

HMM Launches USD 580 Mn Shopping Spree

South Korean shipping company Hyundai Merchant Marine (HMM) is moving forward with its plans to modernize fleet and has set sights on adding seven ships with options for five more. Specifically, HMM will acquire two large container vessels at a 10% lower price than the current market price as it eye...Read More

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