Aramco and NextDecade announce Heads of Agreement for offtake of LNG

Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of

LNG availability and EU elections keep EU ETS allowances flat

EU allowances are showing some signs that the gas-driven rally may be running out of steam, as a rebound in Norwegian North Sea production relieves energy supply fears. The UK ETS also snapped its weeks-long winning streak as speculative buying took a breather. Carlton Carbon data for the week shows that EUAs fell by €2.71

Gas-based power generation, LNG demand surges amid heat wave

India’s natural gas-based power generation has surged in May on the back of heat wave conditions, driving up demand for more LNG cargoes for prompt deliveries in June from state-owned energy companies. Indian gas-based power generation was 4,646.53 million kWhr as of May 29 for the month of May, compared to 2,631 million kWhr a

Petronet expects 15% rise in India’s LNG imports

India’s largest LNG importer Petronet LNG expects a 15 rise in the country’s imports of liquefied natural gas during this financial year, according to Petronet LNG’s management. Petronet’s executives said during the company’s earnings call on May 23 that the company expects India’s LNG imports to rise to 27 millions tonnes in the fiscal year

Hapag-Lloyd takes delivery of LNG-fuelled newbuild

German shipping company Hapag-Lloyd has taken delivery of a new container vessel built by Hanwha Ocean of South Korea. Singapore Express has capacity for 24,000 TEUs and can run LNG, which is stored in IMO Type B fuel tanks made from high-manganese steel. The material was selected for the tanks due to its lower cost,

CoolCo inks long-term charter deal with GAIL

LNG carrier pure-play Cool Company (CoolCo) has landed a 14-year charter deal with India’s top gas utility GAIL for one of its vessels under construction in South Korea. The New York and Oslo-listed owner and operator said the charter, starting in early 2025, comes with the option to extend by two additional years. The deal

Surge in demand for LNG bunkering: Drewry

Drewry projects more than 1,000 LNG-fuelled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 million tonnes by 2028 under our high-case scenario. The latest key investments,

LNG bunkering sales begin with strong note in 2024

More than 2,400 vessels are equipped to operate on LNG globally, with another 1,000 vessels ordered, yet to be delivered. It’s worth noting that half of the operational LNG-fueled vessels are LNG carriers. These ships use boil-off gas as fuel, reducing their reliance on external LNG bunkering. Even excluding LNG carriers, the fuel remains the

FueLNG completes 150th STS LNG bunkering operation

Singapore-based LNG bunker supplier FueLNG has completed the 150th ship-to-ship (STS) liquefied natural gas (LNG) bunkering operation in Singapore. FueLNG Bellina bunkered the NYK Line’s pure car truck carrier (PCTC) Freesia Leader in Singapore, marking a milestone in the vessel’s journey towards sustainable energy solutions. According to FueLNG, LNG is the lowest carbon marine fuel

GAIL investing $78 mn to boost use of LNG fuel in transport sector

India’s largest gas utility GAIL plans to invest about $78 million to build LNG filling stations and boost the use of LNG as fuel in the country’s transport sector. GAIL revealed the investment worth 6.5 billion rupees ($78.4 million) in a stock exchange filling issued on Thursday. The firm said that the LNG business has