As the price of new LNG vessels increases, and as shipyard slots dwindle, the value of older tankers is also on the rise. Bermuda-based Cool Company Ltd. (CoolCo) disclosed earlier this month that it plans to sell the 10-year old tri-fuel diesel electric (TFDE) Golar Seal for $184 million. The buyer, Höegh LNG Holdings Ltd.,…
Hoegh
Articles from Hoegh
FERC Notes Possible Landscape Impacts from Venture Global’s CP2 project in Draft Report – The Offtake
A roundup of news and commentary from NGI’s LNG Insight: Federal Energy Regulatory Commission staff released a draft environmental impact statement (EIS) for an expansion of Venture Global LNG Inc.’s expansion and associated pipeline project at Calcasieu Pass LNG (Nos. CP22-21-000, CP22-22-000). Staff concluded the 20 million metric tons/year CP2 LNG project would have impacts…
Another Carbon-Neutral LNG Deal Signed in Asia — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Japan’s Mitsui & Co. Ltd. has agreed for the first time to supply gas utility Hokkaido Gas Co. Ltd. with carbon-neutral LNG. The 64,000 million metric ton cargo is set to arrive later this month. The shipment will be offset with emissions credits and delivered…
NGI The Weekly Gas Market Report
LNG Carriers See Tough Year Ahead on ‘Unprecedented Demand Destruction’
Liquefied natural gas (LNG) shipowners that recently capped off first quarter earnings season see a grim outlook for most of 2020 as global supplies teem, prices have cratered and demand wavers.