LNG to FSU Conversion Completed at Sembcorp
Ship managers Synergy Group converted a 1992-built, 126,000 cubic meters capacity Liquefied Natural Gas (LNG) carrier into a Floating Storage Unit (FSU). The conversion was performed at Sembcorp Marine’s Admiralty Yard in Singapore.Synergy will manage, maintain and operate the FSU, which has a projected lifespan of 15 years. It will be deployed in Myanmar where it will be manned by a Synergy crew of 25 seafarers.The FSU will be moored permanently and used to receive and store LNG imports for delivery on…
GTT Cuts Outlook on Ship Construction Delays
French supplier of systems for marine transportation of liquified natural gas (LNG) Gaztransport & Technigaz (GTT) reported strong growth in its first half results on Thursday but cut its 2016 revenue outlook, blaming delays in the construction of some ships. The company, which supplies technologies used to store LNG at very low temperatures during shipping, said it now expected full-year revenue of around 240 million euros ($264.14 million), down from its previous guidance of over 250 million euros. GTT confirmed the other elements of its guidance…
BG Group wins EXXON LNG Cargo
ExxonMobil's Papua New Guinea liquefied natural gas (LNG) export project has awarded a November cargo to BG Group as part of a two-cargo tender that closed this week, two traders said. The tender award has not been officially announced yet, and it remains unclear which company won the second cargo, if any. Demand for LNG has weakened considerably in recent weeks as a short-lived rebound in the price of spot supply lost momentum, with prices for November delivery trading below $14 per million British thermal units.
