LNG carriers

Vessel Owners Scoping Out Technology to Cut CO2 Emissions as Decarbonization Rules Loom — LNG Spotlight

Vessel Owners Scoping Out Technology to Cut CO2 Emissions as Decarbonization Rules Loom — LNG Spotlight

An international regulatory body is set to finalize decarbonization guidelines for about 50,000 commercial vessels across the world later this month, but liquefied natural gas (LNG) ship owners are not waiting to upgrade their fleets. LNG carrier owners are already searching for ways to comply with the coming International Maritime Organization (IMO) decarbonization rules, which…

June 4, 2021
BP Giving Chinese Customers Direct Link to LNG Imports

BP Giving Chinese Customers Direct Link to LNG Imports

BP plc has started to link downstream customers in China with liquefied natural gas (LNG) imports, creating a fully integrated supply chain in a country that continues to lead the world in energy consumption growth.  The first LNG cargo delivered under BP’s new terminal usage agreement arrived over the weekend at the Guangdong Dapeng LNG…

January 26, 2021
Natural Gas Futures Advance on Potential for Harsh Winter Freeze; Cash Prices Jump

Natural Gas Futures Advance on Potential for Harsh Winter Freeze; Cash Prices Jump

Natural gas prices surged early on Tuesday amid expectations for intensifying U.S. liquefied natural gas (LNG) export demand and increased anticipation of subfreezing air descending from Canada and covering large parts of the Lower 48 in late January. After spiking about 15 cents in morning trading, the February Nymex gas futures contract gave back much…

January 12, 2021
Increased U.S. LNG Exports to Asia Said Driving Up Spot Charter Rates

Increased U.S. LNG Exports to Asia Said Driving Up Spot Charter Rates

Increased U.S. liquefied natural gas (LNG) exports to Asia this winter have driven LNG vessel spot charter rates to two-year highs of $130,000/day, according to an analyst at shipbroker Poten & Partners. “It is clear that the U.S. is the swing supplier for the LNG market,” said Poten’s Jefferson Clarke, head of LNG shipping analytics,…

December 18, 2020