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GIIGNL in the press
You will find in this section the latest news regarding the liquefied natural gas market, legislation and innovations. Please type anykeyword in the search box and /or use the ”area”, “topic” and “date” filters to refine your search. Feel free to submit news to the GIIGNL using the contact form.
November 14, 2016
Ocean LNG signs SPA with Brazil-based CELSE
Qatar Petroleum (QP) President and CEO, Saad Sherida Al-Kaabi hosted a signing ceremony for a long-term SPA between QP’s affiliate, Ocean LNG Limited, and Brazil based Centrais Elétricas de Sergipe (CELSE), a joint venture between GG Power and Ebrasil. Under the terms of the agreement, Ocean LNG, which was established for the purpose of marketing QP’s future international LNG supply portfolio sourced outside of the State of Qatar, will supply 1.3mtpa of LNG to CELSE, on an Ex-Ship basis. The shipments, which will begin in 2020 will be for use at CELSE’s Porto de Sergipe power project near Aracaju, in the Brazilian state of Sergipe.
Edited from QP Press Release.
October 28, 2016
IMO sets 2020 for global sulfur cap
In a landmark decision, 1 January 2020 has been set as the implementation date for a significant reduction in the sulphur content of the fuel oil used by ships. The decision to implement a global sulphur cap of 0.50% m/m (mass/mass) in 2020 was taken by the International Maritime Organization (IMO), the regulatory authority for international shipping, during its Marine Environment Protection Committee (MEPC), meeting for its 70th session in London. It represents a significant cut from the 3.5% m/m global limit currently in place and demonstrates a clear commitment by IMO to ensuring shipping meets its environmental obligations.
Further work to ensure effective implementation of the 2020 global sulfur cap will continue in the Sub-Committee on Pollution Prevention and Response (PPR).
The date of 2020 was agreed in amendments adopted in 2008. When those amendments were adopted, it was also agreed that a review should be undertaken by 2018 in order to assess whether sufficient compliant fuel oil would be available to meet the 2020 date. If not, the date could be deferred to 2025. That review was completed in 2016 and submitted to MEPC 70. The review concluded that sufficient compliant fuel oil would be available to meet the fuel oil requirements.
Ships can meet the requirement by using low-sulphur compliant fuel oil. Another alternative fuel is methanol which is being used on some short sea services.Ships may also meet the SOx emission requirements by using approved equivalent methods, such as exhaust gas cleaning systems or “scrubbers”, which “clean” the emissions before they are released into the atmosphere. In this case, the equivalent arrangement must be approved by the ship’s Administration (the flag State).
An increasing number of ships are also using gas as a fuel as when ignited it leads to negligible sulphur oxide emissions. This has been recognised in the development by IMO of the International Code for Ships using Gases and other Low Flashpoint Fuels (the IGF Code), which was adopted in 2015.
Adapted from IMO press release.
May 9, 2016
General Delegate launches 2016 Annual Report in Amsterdam
On May 9th 2016 in Amsterdam, General Delegate Demoury launched the 2016 edition of GIIGNL's Annual Report in front of the Flame conference delegates. He shared the main findings and market dynamics based on the the latest trade data collected from GIIGNL members. Among surprising facts: the stable share of spot and short-term volumes in 2015, as well as the rising share of emerging markets in total LNG imports.