Hyundai Samho awards new LNG tank job to GTT

The vessels will feature GTT’s Mark III Flex membrane containment system. GTT added that HSHI plans to deliver the LNG carriers to an Asian shipowner in the first and second quarters of 2027.

Crude oil imports in India slightly increased during June

The net import bill for oil and gas was $9.5 billion in June 2023 compared to $13 billion in June 2022, according to PPAC.

ADNOC inks 14 years LNG supply agreement with Indian Oil Corp

The deal was signed during Prime Minister Narendra Modi’s Visit to the United Arab Emirates (UAE) IOC said, adding that India’s trade treaty with the UAE enables it to import LNG without paying a 2.5% import tax. Indian companies are spending billions of dollars to boost their gas infrastructure and are scouting for long term

Pakistan undecided on lone pricey bid for LNG

Pakistan’s another bid to test the international spot market for additional Liquefied Natural Gas (LNG) supplies in peak winter appeared to be a non-starter when only a lone bidder turned up with offers at a significant premium making the price unviable for local consumers. However, the offered price may provide a window for Azerbaijan’s state-run

Indian Oil signs long term LNG import deals with ADNOC LNG, Total Energies

The two deals were signed during Prime Minister Narendra Modi’s Visit to France and UAE last week. Supplies under the two deals would commence from 2026, the Indian company said in two separate statements. ADNOC LNG would supply up to 1.2 million metric tonnes per year (tpy) of LNG to IOC for 14 years, the

India plans LNG terminal in Iraq

India is planning to build a liquefied natural gas (LNG) terminal in Iraq as it looks to diversify supplies and strengthen its energy security, a government official said. The terminal will liquify some portion of the gas currently flared by Iraq and transport it to India, where it will be converted back to LNG for

TotalEnergies and Sonatrach agree to collaborate on low-carbon hydrogen

Under one of the agreements, Sonatrach and TotalEnergies have extended for the year 2024 deliveries of 2 million tonnes a year of LNG from Algeria to TotalEnergies at the port of Fos-Cavaou in France.

Nuclear energy is needed to achieve netzero in shipping

If the industry wants to make it all the way to zero, it will have to consider another fuel: Uranium.

Hapag-Lloyd puts first LNG dual-fuel ships on voyage

Hapag-Lloyd ordered in December 2020 six, 250,000 dwt, ultra large containerships to be built by Daewoo Shipbuilding & Marine Engineering for a total $1 billion but the order was expanded in 2021 from six to 12 containerships.

COSCO and PetroChina order two more LNG newbuilds

COSCO Shipping and PetroChina are returning to CSSC-affiliated Hudong-Zhonghua Shipbuilding for two additional 174,000 cu m liquefied natural gas (LNG) carrier newbuilds..