Shortage of Trained Crew Poses Risks to LNG Industry
Posted on Apr 5, 2006 in Markets and Competition, Safety & Security | Comments Off on Shortage of Trained Crew Poses Risks to LNG Industry
The projected increase in construction of LNG tankers over the next five years has the shipping industry concerned about the dwindling number of officers and crew qualified to operate LNG vessels. A shortage of well-trained seafarers is detrimental to the LNG sector at large, according to Stephen Van Dyck, chairman of INTERTANKO. “We’ve always said that you can have...
Shipping Executive Cautions LNG Charterers
Posted on Apr 5, 2006 in Markets and Competition, Vessel Transportation | Comments Off on Shipping Executive Cautions LNG Charterers
An industry financier says that some shipowners would like LNG industry chartering practices to emphasize quality of service as well as cost. According to Gaurav Seth, head of global LNG shipping at Societe Generale Corporate & Investment Banking, “Trying to proceed just on price is putting off a few shipowners and financiers.” Read more in today’s Lloyd’s...
Proposed Critical Infrastructure Bill May Prevent Foreign Investment in U.S. LNG Market
Posted on Apr 5, 2006 in Markets and Competition, Policy, Legislation and Politics | Comments Off on Proposed Critical Infrastructure Bill May Prevent Foreign Investment in U.S. LNG Market
In a letter to U.S. Speaker of the House Dennis Hastert (R-Ill.), the president of the Interstate Natural Gas Association of America has expressed concern that H.R. 4881, a bill that would bar foreign ownership and control of “national defense critical infrastructure” in the United States, may preclude capital investment opportunities in natural gas pipelines and LNG...
New Reliquefaction Technology Aboard Future LNG Ships
Posted on Apr 5, 2006 in Markets and Competition, Vessel Transportation | Comments Off on New Reliquefaction Technology Aboard Future LNG Ships
Today’s World Gas Intelligence reports on reliquefaction equipment to be incorporated into a new fleet of 20 Q-Flex LNG vessels. The new technology captures LNG that would otherwise boil off during transit — a loss that WGI says could amount to 3% of the cargo over a three-week journey from Qatar to the United States. Over the course of 2006 and 2007, Hamworthy PLC will...
Enhancement Plans Announced for Trunkline LNG Facility
Posted on Apr 5, 2006 in Gas Composition, Regas Terminals & Capacity | Comments Off on Enhancement Plans Announced for Trunkline LNG Facility
Southern Union Company has announced the details of its plan to upgrade its Trunkline LNG facility in Lake Charles, La. If approved, the $250 million project will include regasification technology using ambient air temperature, which the company says will increase fuel efficiency and cost savings. It also will involve the construction of a natural gas liquids extraction plant, allowing...