GREEN4SEA Conference & Awards

7 Mar 2018
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GREEN4SEA Conference & Awards

7 Mar 2018
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Tag: LNG as a fuel

CHI, GTT ink LNG deal

chi gtt lng

Cosco Shipping Heavy Industries and GTT signed a strategic agreement to deal with the market challenges and future business developments, such as LNG as fuel newbuildings and retrofits, small scale LNG carriers and FLNG.

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Oman LNG, BP Singapore sign LNG supply agreement

oman lng

The SPA will start on January 2018, and will last for seven year, lifting a total of 1.1 million tonnes per year. This agreement will promote the LNG market in Oman, which aims to be a source of clean energy, Dr. Mohammed al-Rumhy, Minister of Oil and Gas, Chairman of Oman LNG stated.

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Golar LNG signs long-term FSRU contract

golar lng

According to the agreement, the company will use either the 'Golar Spirit' or the 'Golar Freeze' to service the contract. The vessel will be operating for up to 15 years without drydock and will undergo drydocking, as well as some minor modifications.

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US natural gas price, production, exports grew from 2016 to 2017

natural gas

In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units, about 50 cents per MMBtu higher than in 2016. The higher prices in 2017 contributed to less consumption and increased domestic production was offset by increased exports of natural gas by pipeline and LNG cargoes, according to EIA.

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