LNG

LNG

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(...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 f...Read More

Braemar to launch new LNG tank

Braemar’s technical division expects to receive approval from classification society Bureau Veritas for a new type of LNG cargo containment system soon.  Following the approval, the...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) floatin...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...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 exp...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. ...Read More

Hyundai Heavy Industries wins FSRU order from India

South Korea’s largest shipbuilder Hyundai Heavy Industries Co. won a floating, storage, re-gasification Unit (FSRU) deal from an Indian company. It is the second FSRU order the comp...Read More

Offshore, Gas Businesses Help SCF Stay Afloat

Russian shipping company PAO Sovcomflot (SCF Group) recorded a net income of USD 15.2 million in the first half of 2017, a 90.8 percent drop from USD 166 million posted in the same ...Read More

S-OIL Seals Long-Term Deal to Directly Import LNG with PETRONAS

S-OIL announced on August 25 that it signed an agreement to purchase 700,000 tons of LNG per year from Malaysia’s PETRONAS. The contract will run for 15 years from April of ne...Read More

Korean Shipbuilders Lose Large 9 Ultra Large Container Ship Deal to China

The South Korean shipbuilding industry is in shock after it has lost the world’s largest container ship deals to Chinese companies. It is a symbolic event that shows the two countri...Read More

DSME Accelerates Liquidating Subsidiaries for Restructuring

It has been found that Daewoo Shipbuilding & Marine Engineering (DSME) liquidated Pangea LNG B.V., one of its subsidiaries abroad, in June this year. Pangea LNG was established ...Read More

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