The implications of the International Maritime Organization’s (IMO) revised rules for marine sector emissions will undoubtedly have far-reaching consequences, but how the new mandates may impact pricing for liquefied natural gas (LNG) remain unclear.
Bunkering
Articles from Bunkering
Qatar, Shell to Provide Global LNG Marine Bunkering Services
Natural gas giant Qatar Petroleum (QP) and the No. 1 gas seller, Royal Dutch Shell plc, are partnering to provide global marine bunkering services, a growing infrastructure need.
NGI The Weekly Gas Market Report
KLAW, Dutch Shell Expanding LNG Bunkering Opportunities with Hose Transfer System
Signum Technology Group’s KLAW LNG and Royal Dutch Shell plc have engineered and conducted a ship-to-ship hose transfer system (HTS) bunkering operation using the liquefied natural gas (LNG) bunker vessel Cardissa.
LNG Sector Eyeing Expanding Market to Better Fuel Global Ship Traffic
A concerted push is underway across the globe to enhance the use of liquefied natural gas (LNG) as a marine transportation fuel to reduce emissions and make use of an ever-increasing supply.
Industry Briefs
El Paso Corp. has closed on the sale of its Aruba refinery and related marine, bunkering, and marketing affiliates to Valero Energy Corp. for $465 million plus $162 million for working capital. In connection with closing, El Paso retired a $366 million lease financing associated with the refinery. The sale supports El Paso’s long-range plan to reduce the company’s total debt, net of cash, to approximately $15 billion by year-end 2005. So far, the company has announced or closed $2.9 billion of the $3.3 billion to $3.9 billion of asset sales targeted under the plan.