Tankers

Crude Oil , Trade , Tankers

US Authorities Make Checks on Oil Tanker Arriving from Russia

The Vitol-chartered vessel was shipping intermediate oil products including vacuum gasoil and fuel oil from Russia’s Taman port to New Orleans last week, according to a trading source and shipping data.

June 28, 2022

Liquefied Natural Gas (LNG) , Tankers

Tankers Bound for Freeport LNG Divert to Trinidad, Maryland

The loss of Freeport LNG has European LNG buyers and some U.S. shale producers reeling, while rivals Cheniere Energy and Sempra LNG rush to produce more LNG to offset the losses.

June 22, 2022

Liquefied Natural Gas (LNG) , Tankers

LNG Tanker Charter Rates Hit Record Highs as Demand Soars

The fire that knocked out the Freeport LNG gas-processing and export terminal has not affected the increase in spot rates, he said. The plant is out of operation through at least month’s end.

June 14, 2022

Crude Oil , International , Tankers

Iran Seizes Two Greek Tankers amid Row over US Oil Grab

Also on May 27, Iran summoned an envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the Pegas oil seizure, the Iranian foreign ministry said.

May 27, 2022
Höegh LNG’s Independence, left, a floating storage and regasification unit (FSRU) operating in Klaipeda, Lithuania, connects to the company’s Arctic Princess LNG carrier. As European countries cut off imports of pipelined Russian gas in response to that country’s invasion of Ukraine, shipments of LNG have increased and FSRUs have been relied on to compensate for a shortage of LNG import facilities on the continent. (Source: Höegh LNG)

Investment , Liquefied Natural Gas (LNG) , Natural Gas , Trade , Legislation , International , Tankers , Pipelines

War’s Scrambling of Gas Markets May Prompt Investors to Return to Energy

Europe’s rejection of Russian natural gas could translate into a boom in infrastructure to meet demand.

May 10, 2022

Liquefied Natural Gas (LNG) , Natural Gas , Imports , International , Infrastructure , Tankers

Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas

North Sea port is designated as a hub as four FSRUs are secured.

May 5, 2022
Uncertainty over long-term demand forecasts is hindering investment in LNG assets. (Source: Mark Anthony Ray/Shutterstock.com)

Investment , Liquefied Natural Gas (LNG) , International , Emissions , Tankers , Construction

Dicey Long-term Natural Gas Outlook Stifles LNG Investment

Uncertainty hovers over long-term natural gas demand forecasts, particularly in Europe, says Bechtel executive.

April 25, 2022
Golden Pass LNG in Sabine Pass, Texas, is among the permitted projects on the Gulf Coast; a swarm of LNG tankers can be seen delivering to Europe on Rextag’s DataLink program; an LNG tanker anchors at a small gas terminal island at Salamina, Greece. (Source: Hart Energy; images from Hart Energy, Rextag, Aerial-motion/Shutterstock.com)

Liquefied Natural Gas (LNG) , Trade , International , Tankers , Construction

Biden’s LNG Deal: Where Do Tankers Go from Here?

An agreement to supply Europe with more LNG includes a pledge to reduce demand for oil and gas; but does it also mean a green light for Gulf Coast export terminals?

April 5, 2022

Crude Oil , Trade , Tankers

Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers

The changes come “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service.”

March 22, 2022

Liquefied Natural Gas (LNG) , Tankers

First LNG Cargo Departs from Venture Global’s Louisiana Plant

Venture Global started producing LNG in January at Calcasieu, where it is installing 18 modular liquefaction trains to produce about 10 mtpa of LNG, equivalent to about 1.5 Bcf/d of natural gas.

March 1, 2022