Venture Global LNG’s Post

Venture Global LNG announced the successful launch of its first LNG vessel, the Venture Gator, at a ceremony held at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. This milestone marks the beginning of a significant fleet expansion effort aimed at transporting liquefied natural gas (LNG) from the United States to various global destinations. The Venture Gator is the first of nine LNG carriers scheduled for completion across three shipyards in South Korea over the next 24 months. Equipped with state-of-the-art environmental and efficiency technologies, the 174,000 cubic meter Venture Gator will primarily utilize Venture Global’s own LNG for propulsion. Starting this fall, it will join the fleet’s other eight ships in servicing global partners in Europe and Asia. #bunkering #bunkermarket #energy #shipping #maritime #shipowners #decarbonization #energytransition #oilandgas #ports #marinefuels #usa #southkorea #lng #lngshipping #lngcarriers #ventureglobal #shi #samsung #shipyards #shipbuilding https://lnkd.in/d56VDPAq

Avenir LNG Limited (Avenir) today announces it has executed two Time Charter Agreements for the Avenir Advantage and the Avenir Accolade. Avenir’s affiliate Future Horizon (L) Pte Ltd (a joint venture between Avenir and MISC) has signed a new two-year time charter agreement with PETCO Trading Labuan Company Ltd (PTLCL), a trading arm of PETRONAS. Avenir will continue to collaborate with PTLCL by providing LNG as a marine fuel to their customers in Malaysia and Southeast Asia. #bunkering #energy #shipping #marine #maritime #petroleum #shipowners #decarbonization #technology #digitalization #energytransition #sustainable #oilandgas #cleanenergy #carboncapture #ports #greenenergy #greenshipping #netcarbonzero #society #sustainability #bunkermarket #europe #usa #uk #canada #uae #netherlands #denmark #norway #lngbunkering #avenir #avenirlng #aveniradvantage #aveniraccolade #lngvessels https://lnkd.in/dhJnsyay

📍In a noteworthy development within the realm of liquefied natural gas (LNG) infrastructure, a subsidiary of the esteemed French energy conglomerate TotalEnergies has recently executed its inaugural LNG bunkering operations for two newly commissioned dual-fueled vessels belonging to Maran Tankers Management Inc., a subsidiary of the highly regarded Angelicoussis Group of Greece. This achievement has been realized subsequent to the establishment of bilateral short-term supply arrangements, which were tactically brokered within the dynamic confines of the spot market. This milestone carries substantial implications for the advancement of sustainable maritime transport. ✅TotalEnergies, renowned for its global prominence in the energy sector, has consistently demonstrated a fervent commitment to the advocacy of clean and sustainable energy solutions. The recent successful LNG bunkering of Maran Tankers’ vessels is emblematic of TotalEnergies’ steadfast dedication to the reduction of carbon emissions, a commitment that transcends multiple industrial sectors. ✅LNG, as a cleaner and more environmentally conscientious alternative to conventional marine fuels, has garnered considerable momentum in recent times. This heightened interest stems from its demonstrably diminished greenhouse gas emissions. LNG, as an ecologically sound marine fuel, holds great promise in mitigating the environmental toll historically associated with the shipping industry, which has long been a contributor to both atmospheric pollution and climate change. ✅The consummation of these bunkering operations accentuates the surging global demand for LNG as a preeminent maritime fuel, primarily propelled by the ever-increasing stringency of environmental regulations. This shift towards more ecologically viable energy sources reflects a broader global transition towards cleaner energy options. ✅Maran Tankers’ strategic adoption of dual-fueled vessels stands out as an astute decision in its efforts to augment the versatility and ecological footprint of its maritime fleet. These technologically advanced vessels are capable of seamlessly transitioning between traditional marine fuels and LNG, providing a pragmatic and adaptable solution to navigate diverse operational conditions while adhering to evolving emission standards. ✅The consummation of bilateral short-term supply arrangements, efficiently facilitated within the sphere of the spot market, underscores the contemporary energy landscape’s requirement for flexibility and adaptability. The capability to expediently negotiate such agreements underscores the industry’s resolute commitment to satisfying the immediate and long-term sustainability objectives of ship operators and energy providers alike. #shippingindustry #lng #environmental

📍#LNGContracts 📍 ✅ #BW Group’s gas shipowner BW LNG has bolstered 🤝 its fleet with the acquisition of two 2️⃣ LNG carriers from Swedish tanker owner #Stena #Bulk.   ✅ The 2011-built tri-fuel diesel electric (TFDE) vessels 👉 Stena Crystal Sky and Stena Clear Sky have been picked up for an undisclosed sum and renamed 👉 BW ENN Crystal Sky and BW Clear Sky, respectively. ✅ The company said the sister LNG carriers “represent excellent versatility and capability for trading, in addition to potential conversion 🏗 into floating storage and regasification units (FSRUs) in the future”. ✅ The move on 174,000 cu m units takes BW LNG’s owned fleet 📈 to 34 vessels, including four FSRUs and four ships under construction at Hanwha Ocean in South Korea. The duo will be delivered straight into their ongoing charters 📝 with TotalEnergies and China’s ENN Energy. 📌 Source : Splash247 #lng #lngindustry #lngshipping #maritime #accidentinvestigation #safety #management 

Hyundai Samho Heavy Industries Limited, a South Korean shipyard, and Alpha Gas, a Greek ship management company, partnered up to contribute a series of three LNG carriers to the Alpha Gas fleet by 2023-24. Alpha Gas boasts seven LNG carriers featuring a variety of engines, including TFDE, XDF, and MEGI. Energy Endurance is the second vessel following Energy Fidelity and succeeding Energy Fortitude. Both the first and second LNG carriers are propelled with XDF engines. Energy Endurance, the 1,74,000 cubic meter long vessel, was launched in the summer of 2023, and Alpha Gas announced its delivery on 23rd January 2024. Energy Fidelity flagged off with its first employment with a world-class Far East-based charterer immediately after its delivery to Alpha Gas in April 2023. The final addition to the trio was launched on 26th July 2023, with delivery expected in the first quarter of 2024. #hyundaisamhoheavyindustries #alphagas #energyendurance #energyfidelity #energyfortitude #lngcarrier #tfde #xdf #megi

Morning ☕ after a long bank holiday weekend in London #ArisLNG: Korea Midland Power Co., Ltd. and Vitol have extended their existing long-term LNG supply agreement. Tokyo Gas Asia Pte. Ltd., Ltd has acquired a 20% stake in an LNG import and regasification terminal in Batangas, Philippines. GAZ-SYSTEM has signed agreements to establish Poland's first floating LNG terminal in the Port of Gdansk Authority. South Korean company GS Engineering is moving forward with plans to build an LNG import terminal in Yeosu, South Jeolla Province. Equinor announced a $1.12 billion investment to develop the Troll West gas province infrastructure on the Norwegian Continental Shelf. Cool Company Ltd (CoolCo) entered into a 14-year time charter with GAIL (India) Limited for a new LNG carrier. GTT (Gaztransport & Technigaz) has secured an order for the design of tanks for four new LNG carriers from an Asian shipyard; They also participated in a €4 million financing round to support CryoCollect SAS, a company specializing in gas-handling technologies. Mitsui O.S.K. Lines, Ltd. has signed a long-term charter contract for a new LNG carrier with JERA Co., Inc. TFG Marine's bunker vessel MT Diligence completed its first LNG refuelling in Jurong Port, Singapore. Seatrium has secured a contract with Hyundai LNG Shipping for the refit of LNG carriers over the next two years. Gulfstream LNG Development received approval from the U.S. Federal Energy Regulatory Commission to commence the pre-filing process for its export facility. Vietnam Gas Corp. received its fourth LNG train at the Thi Vai – Cai Mep LNG port. Atlas Copco has enhanced its range of high-pressure boil-off-gas compressors. #Energy #OilAndGas #NaturalGas #RenewableEnergy #EnergyTransition #CleanEnergy #Sustainability #EnergyEfficiency #OilIndustry #GasIndustry #EnergySector #FossilFuels #EnergyManagement #EnergyMarket #EnergyNews #EnergyInnovation #EnergyPolicy #EnergySecurity #OffshoreEnergy #Petrochemicals

𝐎𝐜𝐞𝐚𝐧 𝐘𝐢𝐞𝐥𝐝 𝐄𝐧𝐭𝐞𝐫𝐬 𝐋𝐍𝐆 𝐂𝐚𝐫𝐫𝐢𝐞𝐫 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 Norwegian-based shipowner Ocean Yield AS has announced an agreement to purchase infrastructure fund CVC DIF’s share in the French company Geogas LNG. The acquisition provides Ocean Yield with an indirect economic interest of up to 34% in France LNG Shipping SAS (FLS), marking its entry into the LNG carrier sector. FLS, which is 50/50 owned by NYK and Geogas LNG, boasts a portfolio of LNG carriers on long-term charters. Currently, six vessels are operational with an average age of three years, and two more are scheduled for delivery in 2024 and 2025. Additionally, four newbuildings are set to be novated to FLS around the transaction’s closing and will be delivered in 2027. All vessels are employed on long-term charters to tier-one investment grade-rated European energy companies, with an average contract duration of 10 years, extendable to 14 years. The acquisition, based on an indirect economic interest of 34%, will add approximately USD 840 million to Ocean Yield’s EBITDA backlog. The transaction is expected to close in the second half of 2024, subject to customary conditions.

First Venture Global LNG carrier is on the water

FueLNG Celebrates Milestone 150th Ship-to-Ship LNG Bunkering Operation! We are thrilled to announce a significant milestone for FueLNG - our 150th Ship to Ship LNG bunkering operation! On March 23rd, 2024, the FueLNG Bellina successfully bunkered the NYK Line PCTC Freesia Leader in Singapore, marking a momentous achievement in our journey towards sustainable energy solutions. Reflecting on our progress, it took us about 2.5 years to achieve the first 100 STS LNG bunkering operation. We have now completed another 50 operations in 5 months, underscoring the exponential growth and burgeoning demand for LNG bunkering in Singapore. LNG is the lowest carbon marine fuel available at scale today and holds a key to achieving the industry’s collective goal of net-zero emissions by 2050, with pathways such as bio-LNG and e-LNG, we are not only reducing CO2 emissions today but also paving the way for a more sustainable maritime industry. None of this would have been possible without the support of our esteemed customers, the Maritime and Port Authority of Singapore (MPA), and our shareholders, Seatrium and Shell Singapore. Your trust and partnership have been instrumental in propelling us towards this milestone. As we celebrate this achievement, let us reaffirm our commitment to driving positive change. Here's to many more successful bunkering operations ahead! #ShippingDecarbonization #LNGbunkering #NetZero2050 

🚢 Exciting News in the LNG Industry! 🚢 BW Group has made a significant move in the LNG market by acquiring two TFDE LNG carriers from Stena Bulk. This acquisition marks a strategic step forward for BW Group, reinforcing its position as a key player in the global LNG transportation sector. The addition of these two vessels underscores BW Group's commitment to enhancing its fleet and expanding its capabilities in serving the growing demand for LNG transportation, particularly in the dynamic Asian market. With LNG emerging as a crucial component of the global energy transition, this acquisition aligns perfectly with the industry's increasing focus on cleaner energy alternatives. These TFDE LNG carriers bring state-of-the-art technology and efficiency to BW Group's fleet, enabling the company to deliver reliable and cost-effective solutions to its customers while also contributing to sustainability efforts through cleaner energy transportation. As the world continues to move towards a more sustainable energy future, investments and developments in the LNG sector play a pivotal role. The acquisition of these LNG carriers by BW Group exemplifies the industry's proactive approach towards meeting evolving energy needs while also addressing environmental concerns. Congratulation to BW Group on this milestone achievement and look forward to witnessing the positive impact these acquisitions will have on the LNG industry and beyond. #LNG #EnergyIndustry #BWGroup #Sustainability #EnergyTransition #LNGTransportation #CleanEnergy #AsiaLNG #TFDELNGCarriers #StenaBulk