Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-11-05 19:55:00

LNG WILL RETURN

LNG WILL RETURN

Daewoo Shipbuilding & Marine Engineering Co., the world's second-biggest shipbuilder, expects demand for liquefied-natural gas (LNG) carriers to return next year as global efforts to reduce greenhouse gases increase the need for cleaner fuel.

More industries will look at using gas to replace other fuels, Kim Nam Soo, deputy director of the company's ship design department, said in an interview in Singapore. Daewoo Shipbuilding is developing new technologies to help improve fuel savings and efficiency for shipping companies, he said.

"There are a lot of gas projects under development in the world, and that will drive demand for more ships," Kim said Oct. 28. "Growing environmental concerns also are pushing demand for more gas-powered power plants, which means there will be more demand for gas."

Daewoo Shipbuilding won the most orders for LNG ships among rivals last year, as gas projects in countries including Russia and the US gear up for production and need transportation to reach their customers. For Daewoo, the demand will help ease a cash crunch at the money-losing shipyard, which has been hit by declining orders from oil companies such as Royal Dutch Shell and Petrobras as crude prices fell since the second half of last year.

Emissions Regulations

The shipping industry has considered using LNG to power vessels as the United Nations' International Maritime Organization has set regulations for companies to reduce emissions and sulfur as part of efforts to curb global warming.

Daewoo Shipbuilding is developing a new method of making LNG fuel tanks that can be used in any type of vessel and take up less space, Kim said. The shipyard also has come up with a new design for the hull and a technology that creates air bubbles at the bottom of ships to help improve fuel efficiency, Kim said.

Daewoo Shipbuilding received contracts for 37 LNG vessels in 2014, the most among shipbuilders, and won orders for nine more in the first nine months of this year, it said on its website.

LNG carriers accounted for 52 ships in Daewoo Shipbuilding's order book at the end of September, the largest number by vessel type, followed by tankers and containers at 25 each. It had orders for 14 liquefied petroleum gas (LPG) carriers.

Daewoo Shipbuilding will receive 4.2 trillion won ($3.7 billion) in loans and equity to ease a cash shortage after two quarters of losses due to delivery delays and order cancellations, Korea Development Bank, its biggest shareholder and creditor, said Thursday. Daewoo Shipbuilding lost a combined 3.65 trillion won in the six-month period.

Shares of Daewoo Shipbuilding advanced 1.8% to close at 6,940 won in Seoul. The stock has fallen 63% this year, the second-worst performer on the Kospi 200 index.

gasprocessingnews.com

-----

More: 

JAPAN & RUSSIAN LNG 

CHEAPER U.S. LNG 

NOVATEK PROFIT 60.6 BLN RUR 

GAZPROM: MORE LNG 

TOO MUCH LNG

 

Tags: LNG, GAS

Chronicle:

LNG WILL RETURN
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

LNG WILL RETURN
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

LNG WILL RETURN
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

LNG WILL RETURN
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

All Publications »