Natural Gas News – February 23, 2023
Natural Gas News – February 23, 2023
World’s Largest LNG Bunkering Vessel Completes 1st Ship-to-Ship Bunker
The bunkering op was completed on January 18 and it saw the 30,000 cubic meters LNG bunkering ship Hai Yang Shi You 301 (Offshore Oil 301) refuel CMA CGM’s 23,000TEU dual-fuel container ship CMA CGM Concorde at Yantian Port, Shenzhen. China
Classification Society (CCS) provided assistance onsite to facilitate the operation. The vessel incorporates China’s first domestically developed LNG ship-to-ship bunkering system jointly developed by China State Shipbuilding Corporation (CSSC) and compatriot global energy company CNOOC Energy Development Co., Ltd. According to CSSC, the system consists of emergency release devices, quick connection devices, cryogenic hoses, ship distance detection devices, saddles and anti-fall systems. The system has a designed bunkering capacity of 1650m³ per hour. CSSC said that…For more info go to https://bit.ly/41nUWt0
Natural Gas Consumption Up In January For First Time Since May
Natural gas consumption rose in January for the first time since May and liquefied natural gas (LNG) imports witnessed the first expansion in at least 15 months in early signs of domestic demand revival helped by a drop in international prices. India consumed 5.18 billion cubic meters (BCM) of natural gas in January, up 6.4% from a year earlier, according to the oil ministry data. Imports of LNG rose 7.9% to 2.27 BCM. A 4% year-on-year rise in the local production of natural gas in January also helped boost consumption. “Prices have fallen in the past few months, and this has been the biggest confidence booster for consumers,” said an industry executive. Prices are still high compared to the average in the last few years, and they must drop further to trigger a major demand boost, he added… For more info go to https://bit.ly/3IQsyZi
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