Tag: LNG

Chevron’s six newest liquefied natural gas (LNG) carriers feature stainless steel containment tanks specially designed to reduce boiloff during transport. As global exports of natural gas continue to rise at a record-setting pace, the enhanced efficiency of Chevron’s new vessels will help the company remain competitive in an increasingly crowded market.

Venture Global Partners is expected to be the leading company in the global liquefied natural gas (LNG) liquefaction industry, in terms of capacity additions from planned and announced (new-build) projects between 2019 and 2023.

Gazprom Neft, Gazprom gas-engine fuel, and the United Shipbuilding Corporation (USC) have concluded a tripartite cooperation and strategic partnership agreement on developing an LNG fleet and related infrastructure.

LNG propelled vessels are gaining attention as efforts to curb CO2 emissions gather pace. The switch from heavy fuel oil to LNG requires the use of special materials capable of withstanding extremely low temperatures and stringent safety requirements.

PAO NOVATEK recently announced that the Company and the Ninh Thuan Provincial People’s Committee signed a Memorandum of Understanding (MoU) to develop an integrated energy-generating project with the use of liquefied natural gas (LNG) within the Socialist Republic of Vietnam.

Piedmont Natural Gas announced that it has selected Matrix Service Inc., a subsidiary of Matrix Service Company, to build its liquefied natural gas (LNG) facility in Robeson County, North Carolina.

KBR, Inc. announced that it has been awarded a pre-Front End Engineering Design (Pre-FEED) contract by Mexico Pacific Limited (MPL) for a midscale LNG liquefaction project in Puerto Libertad on the Pacific coast of Mexico.

Tokyo Gas Co., Ltd. signed Joint Development Agreement regarding the construction and operation of LNG receiving terminal with First Gen Corporation based in Republic of the Philippines.

Global demand for natural gas will continue to grow. Between now and 2035, this demand is expected to increase with an average of 2 % per annum. Along with this rising demand, LNG production will increase too, mainly for markets in the Middle East and Asia. The question is: will it be sufficient?

LNG powered ships – from tankers to cruise ships to passenger ferries – are rapidly gaining popularity around the world, not least for the environmental benefits that this cleaner technology offers. Technological innovations are playing an important role with one of the market leaders, Wärtsilä, driving ahead the trend for LNG in the maritime sector.