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You will find in this section the latest public news regarding the liquefied natural gas market, regulation and innovations. Please type any keyword in the search box and /or use the ”area”, “topic” and “date” filters to refine your search. Feel free to submit your news to GIIGNL using the contact form.
October 26, 2015
Fluxys buys 25% stake in bunkering vessel
Fluxys signed an agreement with ENGIE, Mitsubishi and NYK Line to acquire 25% in the vessel that will be offering LNG bunkering services from its home port of Zeebrugge, Belgium. The liquefied natural gas bunkering vessel, with a capacity of 5,100 cubic metres LNG, is currently under construction in South Korea and delivery is planned for the second half of 2016.
LNG has a far better emission profile than traditional petroleum based sources and especially since sulphur emission regulations applicable in the North Sea Channel, North Sea and Baltic Sea have become more stringent since 1st January 2015, LNG as an alternative fuel for ships has been gaining in importance. According to a recent DNV-GL study the number of non-LNG carrier vessels running on LNG will reach 1,000 in 2020 or shortly thereafter.
The LNG bunkering vessel under construction will be chartered by the joint venture LNG bunkering company created by ENGIE, Mitsubishi and NYK Line for commercial operations. First bunkering contracts have already been agreed upon. Within the framework of the long term access rights ENGIE has at the Fluxys LNG terminal in Zeebrugge, the LNG bunkering vessel will load LNG at the terminal. The vessel will then deliver the LNG by means of ship-to-ship transfer to newly ordered ships by UECC (United European Car Carriers), a Norwegian automobile carrier, which is located in the inner harbour of Zeebrugge.
September 30, 2015
GIIGNL TSG releases new version of Custody Transfer Handbook
GIIGNL TSG (Technical Study Group) just released its fourth edition of its best-seller "GIIGNL LNG Custody Transfer Handbook".
This fourth edition addresses the latest commercial and technical developments of the industry. It must be seen as an extensive revision of the previous version including not only custody transfer from a large scale LNG ship to an onshore terminal (or vice versa), but also containing a lot more useful information with regard to ship-to-ship LNG transfer and custody transfer from an onshore terminal to small LNG carriers.
The 2015 GIIGNL LNG Custody Transfer Handbook is available here
September 25, 2015
Dunkerque LNG launches market test for tanker truck loading
Expected to be commissioned by the end of 2015, Dunkerque LNG terminal launched a market test to collect the market interest in a new service for loading liquefied natural gas into tanker trucks. The interest shown by the market will enable Dunkerque LNG to adjust the design of the tanker truck loading bay to be built.
The market test will provide preparatory information in order to allow interested companies to express an interest in tanker trucks loading capacity (and associated services) by means of a non-biding request. Companies interested in participating in this solicitation are invited to download the Market Tests and to send Dunkerque LNG the required documentation in accordance with the participation process before October 31st, 2015.
August 12, 2015
KOGAS LNG imports decrease by 17% year on year
Korea Gas Corporation's LNG imports were reduced by 17.1% year on year in January-June, as domestic sales declined 7.4% over the same period due to an economic slump and higher coal and nuclear usage for power generation, the company said in its H1 presentation to investors.
KOGAS imported 16.54 million mt of LNG for the first semester, compared with 19.96 million mt in the same period last year.
August 11, 2015
EDF and CHENIERE sign TTF-indexed SPA
Cheniere Energy (NYSE: LNG) that its wholly owned subsidiary, Cheniere Marketing International LLP ("Cheniere Marketing") has entered into sales arrangements with Électricité de France, S.A. ("EDF") for the delivery of liquefied natural gas ("LNG") cargoes on an ex-ship basis ("DES") from the Sabine Pass LNG terminal ("Sabine Pass") to the Dunkerque LNG terminal in France. The sales arrangements cover the delivery of up to 26 cargoes, or up to approximately 100 million MMBtus, through 2018. The sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF), a natural gas pricing index in continental Europe.
Volumes will be sourced from Cheniere Marketing's LNG supply portfolio, which includes rights under a sale and purchase agreement ("SPA") with Sabine Pass Liquefaction, LLC to purchase any LNG produced from Sabine Pass in excess of that required for other customers. Cheniere Marketing has a similar SPA with Corpus Christi Liquefaction, LLC for LNG produced from Cheniere's Corpus Christi liquefaction project ("CCL Project").