China emerges as global LNG trading power

China is expanding its presence in the global LNG trading world, with Chinese traders setting up new or expanding their trading desks in Singapore and London. This would put China in direct competition with LNG trade leaders including Shell, BP, TotalEnergies, and Equinor, the report pointed out. The trading presence expansion comes even as China

Adnoc Gas signs LNG supply agreement with Japex

Adnoc Gas, estimated to have the seventh largest gas reserves globally, has signed a five-year liquefied natural gas supply agreement with Japan Petroleum Exploration Co (Japex). The agreement is valued between $450 million and $550 million, the company said in a statement on Thursday to the Abu Dhabi Securities Exchange, where its shares are traded.

Container shipping line MSC now part of SEA-LNG coalition

The world’s largest container line Mediterranean Shipping Company (MSC) has joined SEA-LNG which promotes the use of LNG as a fuel. MSC already has LNG-fuelled vessels with its first five newbuilding dual-fuel LNG-capable container vessels in operation, and two in the cruise sector, with MSC World Europa and MSC Euribia whose maiden voyage was powered

GasLog fixes two LNG carriers on charter agreement

Peter Livanos-controlled GasLog has locked away two of its liquefied natural gas(LNG) carriers on time charter agreements. In its second-quarter results statement, the Greek gas ship owner and operator said it had agreed a multi-year charter deal with Kansai Electric-affiliated KE Fuel International for the 2014-built 155,000 cu m tri-fuel diesel electric (TFDE) carrier Solaris.

Record 48 methanol-powered ship orders placed in July

Alternative Fuels Insight (AFI) platform data presented by DNV showed that a total of 62 alternative fuel vessels were ordered in July.  The month also witnessed another record for methanol ships announced, with 48 ships added to the AFI platform, including 15 retrofits. According to the AFI data, orders for LNG-fuelled ships continue at a

Himalaya’s two dual fuel newbuilds bunkered with LNG

Bulker operator Himalaya Shipping said two of its ships, Mount Norefjell and Mount Matterhorn, have bunkered with LNG in Singapore over the last few days. Mount Matterhorn is the fifth of the twelve 210,000 dwt Newcastlemax dual fuel newbuildings that the company has on order at New Times Shipbuilding in China. A Newcastlemax running on

BP bags order from Austria’s OMV

BP PLC has scored a 10-year order from Austria’s state-backed OMV AG for up to one million metric tons per annum (MMtpa) of liquefied natural gas (LNG) with delivery starting 2026. OMV indicated the supply is meant for Austria and other European countries. OMV owns gas and oil production stakes in the Norwegian side of

Tata Steel becomes first Indian company to use LNG carrier

Tata Steel has adopted various “industry first” initiatives in sustainability. Reiterating its commitment to a sustainable future, the steel major becomes the first Indian company to import cargo on a bulk carrier that uses LNG as fuel instead of traditional VLSFO (Very Low Sulphur Fuel Oil). This groundbreaking vessel sets a new benchmark for sustainable

GAIL exploring opportunities to tie up with LNG producers

In GAIL's annual report for 2022-23, the company stated that natural gas could meet the increasing demand for clean, affordable energy with limited deployment of capital and significant impact on emissions.

Hapag-Lloyd’s dual-fuel ship reaches Jebel Ali Port

The Berlin Express is a state-of-the-art vessel with a capacity of 23,600 TEU. It is the first of 12 dual-fuel vessels ordered by the shipping line which will run on Liquified Natural Gas (LNG), producing significantly lower emissions than traditional marine diesel.