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LNG Freight Rates Move Higher as Winter Nears in an Already Volatile Market

LNG Freight Rates Move Higher as Winter Nears in an Already Volatile Market

Friday kicked off the heating season across the Northern Hemisphere and liquefied natural gas (LNG) freight rates also started their annual ascent.  This year could be different. Europe and Asia are locked in a fierce battle for cargoes as inventories remain low and prices have hit new records with benchmarks soaring above $30/MMBtu in both…

October 1, 2021
Decarbonization Costs Squeeze LNG Suppliers

Decarbonization Costs Squeeze LNG Suppliers

Suppliers of liquefied natural gas (LNG) are under increasing pressure to lower the carbon footprints of their cargoes. But the question of who pays for the costs of decarbonization is a tricky one, Poten & Partners analysts said Wednesday. With more LNG supply expected to come online by the middle of the decade, sellers are…

September 30, 2021

Freeport LNG Working Through Tanker Backlog — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Freeport LNG is working through a backlog of tankers this week. The vessel Prism Brilliance was loading at the terminal Thursday. Five vessels are waiting in the Gulf of Mexico to load at Freeport and three more are on their way, according to Kpler. No…

September 23, 2021
Stabilis Signs MOUs to Expand LNG Bunkering Footprint Along Gulf Coast

Stabilis Signs MOUs to Expand LNG Bunkering Footprint Along Gulf Coast

Stabilis Solutions Inc. has entered memorandums of understanding (MOU) with the Port Isabel Logistical Offshore Terminal (Pilot) in Texas and Louisiana’s Cameron Parish Port, Harbor & Terminal District (CPP) to develop liquefied natural gas (LNG) refueling services for ships calling on the facilities.  Stabilis has now signed on with four ports in recent months to…

September 22, 2021
Maersk Orders Eight Methanol-Powered Vessels, Eschewing LNG as Marine Fuel

Maersk Orders Eight Methanol-Powered Vessels, Eschewing LNG as Marine Fuel

Danish shipping giant AP Moller-Maersk A/S plans to roll out the first of eight large container vessels fueled by carbon-neutral methanol in 2024, four years after the company rebuffed liquefied natural gas (LNG) as a low-carbon transition fuel. The vessels are to be built by Hyundai Heavy Industries (HHI) with nominal capacity of about 16,000…

August 26, 2021
Port of New Orleans, Cleancor Partner to Advance LNG Bunkering

Port of New Orleans, Cleancor Partner to Advance LNG Bunkering

The Port of New Orleans and Cleancor Energy Solutions LLC have signed a memorandum of understanding (MOU) to develop liquefied natural gas (LNG) fueling services for ships in the port. Cleancor, which distributes small-scale LNG and compressed natural gas, would work with the port to provide the super-chilled fuel for bunkering. The port would provide…

August 19, 2021
Flex LNG CEO Sees Shipping Market Tightening Further

Flex LNG CEO Sees Shipping Market Tightening Further

The liquefied natural gas (LNG) shipping market is expected to tighten in the coming years as carrier owners fill charters and older, higher emitting vessels are pushed out of the market, Flex LNG Ltd. CEO Øystein Kalleklev said. One-year term charter rates have risen since the start of the year as global LNG demand has…

August 17, 2021
Golar LNG Eyes Shipping Spin-Off as Upstream Emphasis Grows

Golar LNG Eyes Shipping Spin-Off as Upstream Emphasis Grows

Bermuda-based liquefied natural gas (LNG) specialist Golar LNG Ltd. may spin off its shipping unit amid a positive outlook for freight rates. CEO Karl Fredrik Staubo said recently strong demand in Asia, along with new International Maritime Organization decarbonization rules that would cut the number of active older LNG carriers starting in 2023, is likely…

August 13, 2021
Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

The nascent carbon-neutral liquefied natural gas (LNG) market is set to gain momentum this year as global buyers are increasingly concerned about their emissions footprints. The market is on track to quadruple this year, according to a recent report from FTI Consulting. The firm has tracked six carbon-neutral cargoes through April, compared to only five…

July 15, 2021
Shell Signs Industry’s First Term Contract to Supply Carbon-Neutral LNG

Shell Signs Industry’s First Term Contract to Supply Carbon-Neutral LNG

Royal Dutch Shell plc said Monday that it has signed the world’s first term contract to supply carbon-neutral liquefied natural gas (LNG) to a PetroChina Co. Ltd. subsidiary.  Shell said it signed a five-year agreement with PetroChina International Co. Ltd. (PCI). It did not say how much carbon-neutral LNG would be supplied or when the…

July 12, 2021
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