Investment for LNG infrastructure to surge in 2024

According to Rystad Energy research, investments in new liquified natural gas (LNG) infrastructure are set to increase, reaching $42 billion annually in 2024. New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia. These greenfield investments are 200 times the amount in 2020 when just $2 billion

Energy Transfer agreed to supply LNG to Shell

US. pipeline operator Energy Transfer LP said it agreed to supply 2.1 million tonnes of liquefied natural gas (LNG) per year to Shell Plc for 20 years. The deal for supplies from its proposed Lake Charles, Louisiana, facility comes as demand and prices for LNG are soaring over Russia’s February invasion of Ukraine. LNG prices

Princess Cruises opts for two LNG cruise ships

Princess Cruises in an agreement with Italian shipbuilder Fincantieri has announced to build two new cruise ships on a next-generation platform. The new builds are slated to be delivered in late 2023 and spring 2025, respectively. The new vessels will be Princess Cruises’ first ships to be dual-fuel powered – primarily by Liquefied Natural Gas

NYK concludes contract for altering LNG-fueled tugboat to ammonia

NYK, the Japanese shipping firm, said it has concluded a contract with Keihin Dock Co., Ltd., an NYK Group company, to modify tugboat Sakigake to ammonia-fuel specifications. Sakigake, a tugboat currently fueled by liquefied natural gas (LNG) and operated in Tokyo Bay by NYK Group company Shin-Nippon Kaiyosha Corporation, will be converted to operate on

Germany locks LNG supplies for two FRSUs

Germany has signed a memorandum of understanding with its top utilities to ensure the supply of liquefied natural gas (LNG) for the two floating storage and regasification units (FSRUs). Under the deal with Uniper, RWE and EnBW subsidiary VNG, the country’s first two FSRU-based LNG import terminals in Wilhelmshaven and Brunsbuettel will be fully supplied

New LNG import infrastructure picks up pace in Europe

The countries across Europe to install new LNG import facilities in record time continues to pick up pace, with FSRUs now secured for deployment in a number of EU member states. The sharp fall in Russian pipeline imports – and the prospect of flows from Russia being cut further or halted completely – has led

Uniper may stop using LNG from Woodside

Germany’s Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia’s Woodside for US gas, so it can boost supplies in Europe more quickly during the coming winter. The strategy reflects efforts by companies and governments across Europe to seek alternative lines of supply and draw up contingency plans for the upcoming

NYK retrofit tugboat to run on ammonia

Nippon Yusen Kaisha (NYK) has moved to retrofit its liquefied natural gas (LNG)-fuelled tugboat to run on ammonia fuel. Yokohama-based Keihin Dock Co., part of NYK Group, will carry out the modifications on the Sakigake it built in 2015. The vessel, which operates in Tokyo Bay for another NYK Group company, Shin-Nippon Kaiyosha Corporation, should

Centrica to buy LNG from Delfin Midstream

Centrica Plc, Britain’s largest energy supplier, has signed a 7-billion-pound ($8.47 billion) agreement with US-based Delfin Midstream Inc to buy liquefied natural gas (LNG) from 2026. Centrica, which owns British Gas, said the 15-year deal would be worth around 7 billion pounds and involve buying 1 million tonnes of LNG per annum on a free

Gas liquefaction capacity expected to double by 2028 in the world

Clarksons Research is predicting a double of liquefaction capacity by 2028. The newbuild orderbook now stands at 40% of existing capacity, up from 27% at start 2021, while 32% of existing capacity is steam turbine and there are uncertainties around the impact of upcoming EEXI and CII regulations. Record LNG newbuild carrier contracting has seen