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Home2024June

Month: June 2024

Awilco LNG
LNG

Awilco LNG wraps up sale and leaseback deal

June 17, 2024 Stu Turley

Norway-based shipping firm Awilco LNG has completed its previously announced sale and leaseback deal with China Development Bank Financial Leasing (CDB Leasing) for its two 2013-built 156,000-cbm TFDE LNG carriers, WilForce and WilPride. Awilco LNG […]

LNG
LNG

US weekly LNG exports reach 25 shipments

June 17, 2024 Stu Turley

US liquefied natural gas (LNG) exports reached 25 shipments in the week ending June 12, and pipeline deliveries to US terminals decreased compared to the week before, according to the Energy Information Administration. The agency […]

Samsung Heavy
LNG

Samsung Heavy to sue Russia’s Zvezda over LNG carrier contract termination

June 17, 2024 Stu Turley

South Korean shipbuilding giant Samsung Heavy Industries said it will sue Russian shipbuilder Zvezda after the latter decided to terminate contracts for 10 ice-class Arc7 liquefied natural gas (LNG) carriers and seven shuttle tankers. Back […]

Excelerate
LNG

Excelerate says Bangladesh FSRU to resume ops by end of July

June 17, 2024 Stu Turley

US-based Excelerate Energy expects its FSRU Summit LNG, which serves Bangladesh’s second LNG terminal located offshore Moheshkhali Island in the Bay of Bengal, to complete repairs and resume operations by the end of July. “Due […]

Singapore LNG bunkering
International News

Singapore LNG bunkering volumes hit new record

June 17, 2024 Mariel Alumit

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port Authority. Bunkering data posted on MPA’s website shows that LNG bunkering sales in the world’s largest […]

Energy Transition

The European Green Deal has matured: the path forward

June 17, 2024 Stu Turley

  No man, or woman, steps in the same river twice, for both the person and the river will have changed. Pieter de Pous is Programme Lead, Fossil Fuel Transition Programme at E3G This certainly […]

India’s LNG imports
Imports

India’s LNG imports drop in May

June 17, 2024 Mariel Alumit

India’s liquefied natural gas (LNG) imports dropped in May this year compared to the same month last year, according to the preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell. The country imported […]

German FSRU
Imports

German FSRU terminal hits sendout record

June 17, 2024 Mariel Alumit

State-owned German LNG terminal operator DET said its FSRU-based LNG terminal in Brunsbüttel has achieved a record sendout rate since the commissioning of the facility in March last year. The 170,000-cbm FSRU Hoegh Gannet, which […]

peak oil
Crude Oil News

What IEA’s 2029 peak oil forecast means for the tanker trades

June 17, 2024 Mariel Alumit

The International Energy Agency (IEA) has called peak oil as happening in 2029, something that has got tanker analysts discussing what this means for owners mulling rejuvenating their fleets. The IEA’s latest report, Oil 2024, […]

Data centers
AI

Data centers offer energy peril and promise, with the Midwest increasingly in the crosshairs

June 17, 2024 Mariel Alumit

  Southeastern Wisconsin and the Chicago area are emerging as major players in the national data center explosion, most notably with Microsoft’s $3.3 billion planned data complex near Racine, Wisconsin. Clean energy advocates in the […]

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