Yesterday US Senator Bill Cassidy, MD (R-LA) introduced the License Natural Gas (LNG) Now Act to remove barriers placed on US natural gas exporters. The legislation would revamp the current system put in place by the U.S. Department of Energy decades ago and establish market growth of US exports without any delays.
“The previous administration created hurdles that stalled LNG projects that benefit the economy, environment and Louisiana workers.” said Dr. Cassidy. “This legislation adds certainty to the approval process and brings investment, and better-paying jobs, to Louisiana.”
According to a statement from the office of Senator Cassidy the LNG Now Act would achieve the following:
Brittany Ferries has confirmed the order for a new LNG fueled cruise ferry with a budget of around £175m. It will operate on the company’s busiest route from Portsmouth to Caen with a planned arrival in spring 2019 according to a Brittany Ferries statement. The new ship will be named Honfleur after the seaside destination on the Seine estuary in Normandy.
Christophe Mathieu CEO of Brittany Ferries said, “It
is important that we invest in new technologies and new vessels that respect
the environment in which we operate. Equally, we must not forget that our
customers expect Brittany Ferries ships to be comfortable, relaxing and adapted
to the digital age. These objectives are compatible and I believe Honfleur will
set a new standard for ferries operating on the Channel.”
Honfleur Technical specifications:
Length: 187.4 metres
Breadth: 31 metres
Max Draught: 6.6 metres
Tonnage: 42,400 gross tons
Max speed: 22 knots
Passenger cabins: 257
Passenger areas: 5,200 m2
Vehicle capacity: 2,600 lane metres (130 freight trailers, or 550 cars and 64 freight trailers)
Delfin Midstream and Golar LNG announced today that they have signed a Joint Development Agreement to develop the Delfin LNG project off the coast of Cameron Parish, Louisiana utilizing Golar's FLNG technology. The joint development agreement will facilitate the financing, marketing, construction, development, and operation of Delfin LNG.
Delfin LNG is the only permitted floating LNG export project in the United States. Delfin LNG is a brownfield Deepwater Port with plans to support up to four FLNG vessels producing up to 13 million tonnes of LNG per annum. On June 1st, 2017 Delfin received approval from the U.S. Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States.
Golar is currently developing their Mark II next-generation floating liquefaction solution. The Mark II solution, planned to be as used at the Delfin LNG project, will have >3.0 mmtpa of liquefaction capacity. Golar noted it is expected that FID on the Delfin project will take place in 2018 with first LNG to be delivered in 2021/22.
Oscar Spieler, Chief Executive of Golar, said, "Golar's proven execution model will allow Delfin to deliver the lowest cost liquefaction solution in the North American market with a construction time of less than 3 years. Golar's low cost modular floating technology will allow Delfin to make Final Investment Decisions in 3.0 mmtpa increments at a lower unit cost than large land-based projects."
Singapore LNG Corporation has successfully performed its first small scale LNG reload at its Terminal on Jurong Island. The operation was carried out from 18-20 June 2017 for the newly built, 6,500m3, Cardissa, an LNG bunker vessel owned by Shell.
John Ng, CEO of SLNG, said, “The successful completion of our first small scale LNG reload operation is significant as it demonstrates the SLNG Terminal’s ability to play the role of LNG supply hub for the region. The Terminal is able to break LNG cargoes into smaller parcels and facilitate deliveries of small volumes of LNG to other terminals in the region, or as bunker fuel to ships in our port. We are already looking ahead to further enhance our capabilities in this area, by exploring possible modifications to our Secondary Jetty to accommodate LNG vessels as small as 2,000m3. This is expected to come onstream in 2019.”
The operation was conducted at the SLNG Terminal’s Secondary Jetty, which is originally designed to accommodate LNG vessels from 60,000m3 to 265,000m3 in size. Prior to this, the smallest LNG carrier that had called at the SLNG Terminal for unloading or reloading was about 65,000m3 in size.
Qatar Petroleum’s Wave LNG Solutions and Shell yesterday signed a framework agreement to develop LNG marine fueling, bunkering and infrastructure at strategic shipping locations across the globe.
Saad Sherida Al-Kaabi, Qatar Petroleum’s President and CEO, said: “We are pleased to team up with our long-term partner and industry pioneer, Shell, on this important initiative. We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source.”
The agreement follows two Memoranda of Understanding Shell and Qatargas signed with industry partners in 2016 to explore LNG bunkering opportunities in the Middle East. Pursuant to the agreement signed today, Qatar Petroleum and Shell will evaluate and progress the development of LNG bunkering facilities at various locations across Europe, the Middle East and East Asia.
In April of this year Shell announced it signed an agreement with Sovcomflot (SCF Group) to supply LNG to fuel the first Aframax crude oil tankers in the world to be powered by LNG.
Today BP released the Statistical Review of World Energy 2017. BP has produced this review for 66 years. A new edition is published every June.
The BP Statistical Review of World Energy June 2017 can be downloaded in PDF format here
Key natural gas statistics from the 2017 BP statistical review of world energy:
World natural gas consumption grew by 63 billion cubic metres (bcm) or 1.5%, slower than the 10-year average of 2.3%.
EU gas consumption rose sharply by 30 bcm, or 7.1% - the fastest growth since 2010. Russia saw the largest drop in consumption of any country (-12 bcm).
Global natural gas production increased by only 21 bcm, or 0.3%. Declining production in North America (-21 bcm) partially offset strong growth from Australia (19 bcm) and Iran (13 bcm).
Gas trade grew by 4.8%, helped by 6.2% growth in LNG imports/exports.
Most of the net growth in LNG exports came from Australia (19 bcm out of 21). US LNG exports rose from 0.7 bcm in 2015 to 4.4 bcm in 2016.
The U.S. Department of Energy announced today that it has approved a long-term application to export LNG from the first U.S. offshore project, Delfin LNG, LLC. Exports in the amount of 1.8 billion cubic feet per day (Bcf/d) of natural gas are approved from Delfin’s proposed offshore Louisiana floating LNG terminal in the Gulf of Mexico to countries that do not have a free trade agreement (FTA) with the United States.
Development of the Delfin project offshore of Cameron Parish, Louisiana will include the construction of floating liquefaction and storage vessels. Due to its offshore location, the environmental review of Delfin was led by the Maritime Administration (MARAD) and the U.S. Coast Guard.
U.S. Secretary of Energy Rick Perry stated, “I am pleased that with this authorization the Administration can continue to strengthen the United States as a dominant energy force with further exports of our abundant amounts of natural gas. Investing in American natural gas not only helps our economy and our jobs, but also helps our allies maintain their energy security. This represents a true win-win for everyone involved.”