Lucy Hine

England, London

Correspondent at TradeWinds

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Articles

Venture Global undergoing ‘enormous step’ change in LNG expansion

1 day ago | tradewindsnews.com | Lucy Hine

US producer and shipowner Venture Global LNG is undergoing a dramatic surge in LNG production capacity, which will triple its liquefaction trains in one year and eventually boost is new capacity to 67 million tonnes per annum. In a first-quarter results call, chief executive Mike Sabel said the company is going from 18 LNG production trains at the close of last year to 54 by the end of 2025.
New Fortress Energy locks in charter for FSRU with Caribbean project

2 days ago | tradewindsnews.com | Lucy Hine

US-listed New Fortress Energy’s has chartered out a floating storage and regasification unit on a three year deal to a project in the Dominican Republic in the Caribbean. New Fortress said its subsidiary has fixed the 125,000-cbm Energos Freeze (built 1977) to power company Energia 2000.
George Economou’s TMS Cardiff Gas offloads last LNG steamship to buyer ‘shrouded in secrecy’

2 days ago | tradewindsnews.com | Lucy Hine

George Economou-controlled TMS Cardiff Gas has sold its last steam turbine LNG carrier to Chinese interests as the drip feed of older tonnage onto the market continues. Brokers said the 145,000-cbm Condor LNG (ex-GasLog Athens, built 2006) fetched about $29m. A name has yet to emerge for the buyer amid comments from market players that the sale remains “shrouded in secrecy”.
George Economou’s TMS Cardiff Gas offloads last LNG steam ship to buyer ‘shrouded in secrecy’

2 days ago | tradewindsnews.com | Lucy Hine

George Economou-controlled TMS Cardiff Gas has sold off its last steam turbine-driven LNG carrier to Chinese interests as the drip feed of older tonnage onto the market continues. Brokers said the 145,000-cbm Condor LNG (ex-GasLog Athens, built 2006) fetched about $29m. A name has yet to emerge for the buyer amid comments from market players that the sale remains “shrouded in secrecy”.
Hoegh Evi greenlights LNG carrier-to-FSRU conversion after securing new charter

3 days ago | tradewindsnews.com | Lucy Hine

Norway’s Hoegh Evi has inked a planned agreement to supply a floating storage and regasification unit to Egyptian Natural Gas Holding Company (EGAS) and taken the decision to convert an LNG carrier for the job. Hoegh Evi said it has signed a 10-year time charter agreement with Egypt’s EGAS for the upcoming FSRU the 160,000-cbm LNG carrier Hoegh Gandria (ex-Golar Seal, built 2013).
Senegal finally receives first LNG cargo for FSRU as power plant switches to gas

3 days ago | tradewindsnews.com | Lucy Hine

A first cargo of LNG has been shipped into a floating storage and regasification unit set up several years ago, but not yet in operation. The unit will serve a powership off Senegal as the country moves to switch power generation from oil to gas. The TotalEnergies-chartered, 174,000-cbm Maran Gas Kimolos (built 2024) bought in the volumes for the 125,000-cbm KARMOL LNGT Powership Africa (ex-Dwiputra, built 1994), which has been located off Dakar since June 2021.
LNG dual fuelling pays back under new rules, while methanol and ammonia do not, SEA-LNG says

3 days ago | tradewindsnews.com | Lucy Hine

Shipowners building vessels with LNG dual-fuel systems will be able to realise paybacks on their investments in a few years but those building similar ships with methanol and ammonia engines will need significantly longer, according to new modelling undertaken by industry lobby coalition SEA-LNG.
Bio-LNG buzz kicks in after landmark IMO emissions agreement

3 days ago | tradewindsnews.com | Lucy Hine

There is a fresh rush of interest in using bio-LNG as a marine fuel in the wake of the International Maritime Organization’s landmark agreement on decarbonisation. While the IMO proposals need to be finalised in October, shipowners and operators can now see that fossil LNG will keep them compliant with emissions regulations to around 2030 and maybe longer if they use the most modern technology.
Cheniere notches up 4,000th LNG cargo milestone amid trade and tariff concerns

6 days ago | tradewindsnews.com | Lucy Hine

US liquefaction developer Cheniere Energy has clocked up a milestone for its LNG cargoes at a time when concerns are running high among producers over how the fallout from tariffs might hit their business. In its first quarter results Cheniere said that as of 1 May 1 approximately 4,070 cumulative LNG cargoes totaling approximately 280 million tonnes of LNG have been produced, loaded and exported from its Sabine Pass and Corpus Christi LNG projects.
Monjasa set to pause Middle East LNG bunkering operations

1 week ago | tradewindsnews.com | Lucy Hine

Bunker provider Monjasa is to press pause on its new LNG bunker operations in the Middle East just months after starting up. Market players said the company’s chartered-in LNG bunker vessel, the 5,000-cbm Green Zeebrugge (built 2017), which was initially taken for one year from January with an option on a second year, is being offered for charter.