May 17 (LNGJ) – GasLog Ltd., the Monaco-Based and New York-listed LNG shipping company, reported first-quarter revenue of $16.6 million, EBITDA of $8.4M and profit of $2.2M. It said in its earnings statement that eight LNG newbuildings were on schedule and within budget. Its “GasLog Savannah” and “GasLog Singapore” were fully chartered in the quarter.
A host of new measures are aiming to reduce the shipping industry’s impact on the environment. The required cuts in emissions to air have the experts pointing to LNG as the best solution for vessels to comply. Let us consider the factors influencing any decision to invest in LNG-fuelled vessels and the challenges facing the
LNG liquefaction plants are designed to handle a range of feed-gas compositions based upon the anticipated field production profiles. However, during detailed engineering, or in operation, the plant may be required to handle feed-gas compositions which fall outside its design operating envelope. Feed to LNG plants is composed primarily of methane, together with ethane, propane,
Joe Wehrman, Mark Roberts and Bill Kennington of Air Products present Part 1 of an analysis on evolution liquefaction processing The LNG industry continues to grow and evolve to meet market demands. Over the past decade, the emphasis was on large LNG process trains of 5 million tonnes per annum and above, capped off by
ALASKAN LNG exports will be loaded at the port of Valdez if the Alaska Gasline Port Authority has its way. Valdez is the preferred option for the loading of LNG cargoes from joint production projects set to be developed by the major energy companies operating in the US state. Valdez has the main advantage of
The growth of the short-term LNG market and the development of trading have received a lot of attention recently. Due to the time required to develop an LNG project, it is possible to forecast how much natural gas might come to the market. The same applies to an increase in gas-fired power generation capacity, and
Australian and North American LNG volumes will test the absorption capacity of the Asia-Pacific LNG market as ample supplies are lined up and buyers are offered some supply and price diversification. The Australian LNG industry’s addition of 60 million tonnes of production in the next seven years represents faster growth than the World No. 1
May 17 (LNGJ) – LNG player Repsol has begun legal action against Argentina to claim compensation for the seizure of its $10.5bn stake in the former national oil company YPF. Repsol will be filing a claim with the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID). Andy Moody, partner at international law
May 17 (LNGJ) – Arrow LNG Project, involving Royal Dutch Shell, PetroChina and Arrow Energy, has invited four parties to tender for the design and construction of the upstream coal-seam-gas to-LNG venture’s gas infrastructure in the Bowen and Surat basins in Queensland. The parties have been invited to tender for the front-end engineering and design
May 17 (LNGJ) – The BG Group-owned LNG carrier, the 145,000 cubic metres capacity “Methane Heather Sally”, will deliver a cargo to the UK on May 24 from the Bonny Island plant in Nigeria to the Dragon LNG import terminal in Wales, port authorities said.
