PHI Aviation’s Post

🏗️ Imagine constructing an asset in a very remote location, with high operation costs and lean staffing. That’s the reality for many LNG projects. Luckily, deploying a digital twin as part of the project from the start with a digital-first approach offers many benefits – and major LNG operators have proven the potential of this approach to improve operational efficiency even before and while a facility is being built 💪 Read our latest blog by Kongsberg Digital’s Growth Manager Americas Yorinde Lokin-Knegtering Msc to learn more 👉 https://lnkd.in/drgMncA4

THE BRAZILIAN MARITIME SUPPORT SECTOR IS ON FIRE 🔥🔥🔥🔥 ➡️ The sector is poised for a new cycle of growth, driven by billion-dollar investments and the recovery from a recent crisis. Take a look we are talking about: The sector experienced a sharp decline from over 500 vessels in 2014 to 230 in 2019, but has since rebounded to nearly 450 vessels, with projections to reach 500 by the end of 2024. But, why is this happening? (a) Over US$ 10 billion in investments from the Merchant Navy Fund (FMM), enabling fleet modernization and expansion; (b) Petrobras' resumption of bidding processes, including contracts for 12 new PSVs with significant local content requirements. And what is amazing is that prospects look promising with Petrobras' plans to invest 💲US$ 2.5 billion by 2030 and the expected growth of offshore oil production and offshore wind energy projects. Future is bright!!!! More info: https://lnkd.in/eCF3T8Fz #insightspablocosta

By the end of 2024 Brazil will have 8 LNG terminals, all of them are FSRUs, with a total installed regasification capacity in excess of 51 BCM/year ( larger than UK’s). In 2023 the average send out of LNG was only 0.3 BCM/year versus 2.4 BCM/year in 2022. Three of the FSRUs are underpinned by PPAs, as a result of previous power options ( Barcarena, Porto de Sergipe and GNA). Two of them have supply agreements with gas distribution companies ( São Paulo and Santa Catarina), the remaining are merchant terminals. Total installed capacity is much higher than Brazil’s gas demand in the heydays of 2021, when final consumption rose to 34.7 BCM/year and LNG regasification was 17 BCM/year. One can expect lots of idle capacity but the terminals provide security of supply against dry years and renewables intermittency.

🇮🇹 🚢 Golar Tundra now under Italian flag and new name Italis LNG, no longer Golar Tundra. This is the new name – approved by the Ministry of Infrastructure and Transport – of Snam S.p.A.'s floating LNG terminal, which has been operating since July 2023 at the Tuscan port of Piombino. With the vessel now listed in the Italian ship registry, the old Marshall Islands flag has been replaced with the tricolour Italian flag. After sending a formal request to the Livorno Port Authority, Snam’s company FSRU Italia successfully completed the process of registering the floating LNG terminal in the Italian ship registry, intending to update it to the technical requirements of Italian regulations. “The inclusion of the Piombino floating LNG terminal in the Italian ship registry is another important step for our FSRU, which we are particularly pleased about. In just under a year, Italis LNG has received 29 cargoes of LNG from five different countries, for a total of 2.6 billion m3 of gas injected into the Italian network, further guaranteeing the security and diversification of energy sources for our country,” stated Stefano Venier, CEO of Snam. Source ➡️ https://lnkd.in/gGDU3m2u #LNG #FSRU #Snam #Golar

The Hoegh Galleon floating, storage and regasification unit (FSRU) is reported to have been contracted by the Egyptian Natural Gas Holding Company (EGAS) on an 18-month charter agreement, beginning in June 2024. The FSRU is likely to be deployed at the Ain Sokhna port, replacing BW Offshore's Singapore FSRU, which departed late last year to be deployed in Italy from Q4 2024. Read on for a summary of the key takeaway messages from this latest #LNG movement in Egypt: https://okt.to/ksF0OZ

The latest edition of World Horizon, BW Group’s biannual magazine, is a proud celebration of the strides the group and its affiliates have made in the last six months. In this issue, read how BW LNG is powering greater energy stability and security in countries throughout the world with our Floating Storage and Regasification Units (FSRUs). We are honoured to serve the energy needs of Brazil, El Salvador, Pakistan, and The Philippines.   BW LNG CEO Yngvil Eriksson Åsheim shared, “FSRUs came in around 15 years ago as a quicker, cheaper, and more flexible alternative to land-based storage and regasification infrastructure. Instead of building a US$2b import terminal, you can charter an FSRU for the required term and then move it to a new location if required.” BW LNG owns and operates four of 49 FSRUs worldwide, in our fleet of 34 LNG vessels. Our recent acquisition of two LNG vessels represents excellent versatility for trading and conversion into FSRUs in the future. Read more in World Horizon H1 2024: https://lnkd.in/gD8sR3ed #BestonWater #BW #peopleatBW #shipping #maritime #lng #fsru #sustainability #decarbonisation 

An excellent example of FLNG to LNGC Transfer; a project providing Europe with greater energy security and increasing LNG capacity, all with Trelleborg Gas Transfer (KLAW LNG) providing the ability to do this 🙌

This weekend, the U.S. offshore wind industry celebrated the launch of our first SOV. The $100 million vessel constructed by Edison Chouest Offshore put 600 people to work and spawned a supply chain that reaches 34 states. But to use a vessel metaphor - that’s just the tip of the iceberg for the U.S. market. The Network has tracked at least $1.6 billion in new and retrofitted vessel orders yards in New England, the Gulf, Florida and Virginia. More than 40 vessels in total - each order putting dozens to hundreds to work and each with supply chains reaching deep into the country. Edison is already underway on a 2nd SOV, has a 3rd pending results of a New England procurement, and just signed a new deal to provide tug-and-barge systems for the Maersk WTIV. U.S. shipyards, like Metal Shark Boats in Franklin Louisiana that IPF attendees visited, have already rolled out 9 new CTVs and more retrofits. Offshore wind is working, and so are American shipyards.   

GAZ-SYSTEM, Poland's gas transmission operator and developer of the Gdańsk LNG terminal, has secured a long-term charter agreement with MOL, a subsidiary of Mitsui O.S.K. Lines, Ltd., for a Floating Storage and Regasification Unit (FSRU). This agreement underscores the terminal's role in bolstering Poland's energy security and its recognition as a significant EU infrastructure project. MOL's expertise in FSRU technology further enhances the project's prospects. https://lnkd.in/d3h_viPR #LNGTerminal #LNG #EnergySecurity #Poland #Gdańsk #MOL #FSRU #EUInfrastructure

The Hoegh Galleon floating, storage and regasification unit (FSRU) is reported to have been contracted by the Egyptian Natural Gas Holding Company (EGAS) on an 18-month charter agreement, beginning in June 2024. The FSRU is likely to be deployed at the Ain Sokhna port, replacing BW Offshore's Singapore FSRU, which departed late last year to be deployed in Italy from Q4 2024. Read on for a summary of the key takeaway messages from this latest #LNG movement in Egypt: https://okt.to/qj28Sc