Tagged Asia

GTT posts nine-month revenue jump

By Adnan Bajic French liquefied natural gas containment system specialist, GTT, reported a 53.1 per cent jump in its nine-month revenue. Courtesy of GTT GTT’s revenue for the first nine months of 2020 reached €305.6 million ($356.7 million). This compares to €199.7 million in the corresponding period in 2019. Commenting on the results, Philippe Berterottière,…

Avenir takes delivery of its first LNG bunkering vessel

By Adnan Bajic Avenir LNG has taken delivery of its first dual-purpose liquefied natural gas bunkering and supply vessel (LBV) Avenir Advantage. Courtesy of Avenir LNG The vessel was built by Keppel Offshore & Marine, at the Nantong Shipyard, Jiangsu Province, China. Following her maiden voyage, Avenir Advantage will commence a three-year charter to Petronas…

CMA CGM’s LNG-powered giant sets world record

By Naida Hakirevic The 23,000 TEU CMA CGM Jacques Saade, the world’s largest LNG-powered containership, has set a world record for the number of full containers loaded on a single vessel. On its departure from Singapore on 12 October, the new flagship of the French shipping major CMA CGM was carrying a record 20,723 full…

Pavilion Energy, Gasum partner up on LNG bunkering

By Adnan Bajic Pavilion Energy Singapore and Gasum have joined forces to develop a global LNG bunkering supply network. Courtesy of Gasum The pair aims to develop an LNG supply network for their customers in Singapore and Northern Europe, including Amsterdam, Rotterdam and Antwerp. Under a memorandum of understanding (MOU), the partners agree to leverage…

Wood Mackenzie: LNG demand doubling over the next 20 years

By Bojan Lepic After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, this year and 2021 had at least as much capacity lined up for final approval – instead, there’s a famine, Wood Mackenzie said. Wood Mackenzie said last week that developers, cash-strapped by the collapse in oil and gas prices,…

DOF Subsea nets new Asia Pacific deals

By Adis Ajdin Oslo-listed DOF Subsea has secured two contracts in the Asia Pacific region, securing backlog […] The post DOF Subsea nets new Asia Pacific deals appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Tokyo Gas sets up LNG trading unit

By Adnan Bajic Japan’s gas utility Tokyo Gas has formed a unit, TG Global Trading, aiming to focus on developing the LNG trading business of the company. Courtesy of Tokyo Gas TGT sees the global LNG demand growth centered in Asia and increased liquidity of the LNG market as an opportunity to expand the LNG…

Novatek in first Yamal LNG delivery to UAE

By Adnan Bajic Russia’s largest independent natural gas producer Novatek has achieved another milestone for its Yamal LNG project. Courtesy of Novatek Novatek’s units Novatek Gas & Power Asia, shipped the first cargo of liquefied natural gas (LNG) from Yamal LNG project to the United Arab Emirates. The cargo was delivered under a spot contract,…

CMA CGM to take delivery of world’s largest LNG-powered vessel

By Mirza Duran French shipping group CMA CGM is to take delivery of its first ultra large LNG-powered containership following completion of the vessels’ gas trials. Image: Hudong-Zhonghua The CMA CGM Jacques Saade returned to the Shanghai Jiangnan-Changxing Shipyard, a part of China’s Hudong-Zhongua, on Monday, its AIS data shows. To remind, Jiagnan launched the…

Ampelmann to provide two gangways to Shell

By Bojan Lepic Dutch offshore access provider Ampelmann has signed a three-year contract with a subsidiary of oil major Shell for work in Asia Pacific. The post Ampelmann to provide two gangways to Shell appeared… … Read Full Article Here For more great articles: Offshore Energy Today