Tank-Capacity Growth Suggests LNG Boom in Ship Fuel
The exponential growth in installed LNG tank capacity may point to a boom in LNG for larger vessels in the near future. Speaking at a press conference held during DNV GL’s Nor-Shipping exhibition in Oslo, Martin Wold, head of DNV GL’s Alternative Fuels Insight (AFI), said that LNG tank volume is expected to triple by the end of 2020, propelled by the introduction of LNG fuel in the cruise, container, and tanker ship sectors.
The International Maritime Organization’s (IMO) decision to cap sulfur oxide emissions from ships operating outside of designated emission-control areas starting in 2020 has also accelerated LNG adoption, especially for larger ships. Wold said this could be good news for LNG, as it may increase fuel availability and improve asset utilization.
“There are now 163 LNG-fueled ships in operation and a further 155 ships on order,” Wold said. “Order intake for LNG-fueled vessels has remained steady for several years now at around 40 ships per year, but in 2019 we already passed 40 new orders in the first 5 months, which could be a sign that the pace for LNG fuel investments is picking up.”
Wold said the number of vessels with scrubbers stood at 3,553, but this total could be higher as some manufacturers did not report orders on a regular basis.
“The boom of 2018 seems to have leveled off somewhat, but new orders keep coming in. There are more than 2,000 installations reported to be completed in 2019, which would mean that by the start of the IMO sulfur cap, almost 3,000 scrubber vessels will be in operation.”...
Freeport LNG Train 1 Begins Production
Freeport marks the sixth major LNG export facility to start operations in the US. Commercial deliveries are expected to begin in September, with Osaka Gas and JERA taking half of the Train 1’s offtake capacity.
July Marks Record Month for Gas Deliveries To US LNG Export Facilities
The US EIA reports that natural gas deliveries producting LNG for export reached 6.0 Bcf/D in July. Deliveries to LNG export facilities have been the fastest growing among all natural gas consumption sectors this year.
Shenzhen Gas Set to Open New LNG Terminal
The launch will make Shenzhen Gas the second Chinese city gas distributor backed by a local government to own an LNG import facility, following Shenergy Group’s Shanghai import terminal. Eni is set to deliver an initial cargo to the facility.
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