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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
Baltic Exchange Chief Sees No Need to ‘Reinvent the Wheel’ When it Comes to LNG Freight Markets

Baltic Exchange Chief Sees No Need to ‘Reinvent the Wheel’ When it Comes to LNG Freight Markets

Baltic Exchange CEO Mark Jackson believes the nearly 300-year-old organization “sells trust” to the maritime industry, something that has factored heavily into its entry into the liquefied natural gas (LNG) market.  Founded in 1744, the Baltic had its beginnings in the coffee houses of London where merchants and shipowners met. It provided rules for backroom…

June 29, 2021
LNG Freight Rates Still Strong Amid Tight Global Natural Gas Market

LNG Freight Rates Still Strong Amid Tight Global Natural Gas Market

The liquefied natural gas (LNG) shipping market remains tight as demand from South America to Asia is strong, but analysts said freight rates could diverge from LNG prices in the coming weeks on a variety of factors.  For now, vessel rates are up. While the spot market in the Pacific Basin is “fairly quiet,” demand…

June 18, 2021

New Decarbonization Rules Could Speed ‘Attrition’ of Older LNG Carriers, Flex LNG CEO Says

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 10, 2021
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
Port of Corpus Christi Unveils Plans for Green Hydrogen at Facilities

Port of Corpus Christi Unveils Plans for Green Hydrogen at Facilities

The Port of Corpus Christi, a leading U.S. oil and natural gas export hub, has unveiled plans to explore green hydrogen production at its facilities in South Texas. Under a memorandum of understanding (MOU), the Corpus Christi port is partnering with finance giant Ares Management Corp. to look into the potential for building the hydrogen…

May 18, 2021
Corpus Christi Port, Stabilis to Partner on LNG Fueling Solutions

Corpus Christi Port, Stabilis to Partner on LNG Fueling Solutions

Houston-based Stabilis Solutions Inc. has entered into a memorandum of understanding (MOU) with the Port of Corpus Christi Authority in South Texas to use liquefied natural gas (LNG) as a marine fuel. The Port of Corpus Christi and Stabilis have committed to providing customer education and technical support, as well as grant funding opportunities to…

May 6, 2021
LNG Shipping Market Buoyed by Strong Spring Demand

LNG Shipping Market Buoyed by Strong Spring Demand

Stronger-than-expected demand for natural gas across the world as the shoulder season gets underway is lifting sentiment in the shipping market, where rates to charter vessels are creeping upward.  “We are witnessing a rare scenario as the start of 2Q2021 has been rather exciting compared to previous years,” analysts at shipbroker Fearnleys AS said this…

April 15, 2021
Backlog at Suez Canal Clearing, with Few Impacts Seen on LNG Trade

Backlog at Suez Canal Clearing, with Few Impacts Seen on LNG Trade

The backlog of vessels at the Suez Canal was dwindling Thursday after a massive container ship was freed following a week-long blockade, and little impact was seen — for now — on the global liquefied natural gas (LNG) trade. As of Thursday, about 250 ships had transited the canal since Monday (March 29), down from…

April 1, 2021
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