• 2019 July 19 17:03

    FortisBC secures first export contract for Tilbury LNG facility

    FortisBC has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corp. to export to China. This term supply agreement is an unprecedented development in Canada’s LNG export industry and was made possible by the completion of the Tilbury LNG expansion project in Delta, B.C. earlier this year, the company said in its release.

    The two-year agreement will see 53,000 tonnes of LNG a year or about 60 ISO containers (standard-sized shipping containers) a week shipped from Tilbury to China by the summer of 2021. The volume of LNG to be exported is equivalent to the volume necessary to heat more than 30,000 average B.C. households for a year.

    “This is the first agreement of its kind that will see Canadian LNG shipped regularly to China,” said FortisBC vice-president of market development and external relations, Douglas Stout. “There is strong demand for Canadian LNG in China and this is an exciting time to be working in the industry here in B.C.”

    In 2017, FortisBC became the first company in Canada to supply LNG for export to China. Since then FortisBC has been supplying LNG to customers for export to China on a spot basis. With the expansion project adding LNG production capacity of 250,000 tonnes per year and additional storage capacity of 46,000 cubic metres, Tilbury is leading Canada’s export industry into uncharted territory.

    Tilbury’s new expansion facility is designed to be one of the cleanest LNG facilities in the world. This agreement would reduce between 90,000 and 180,000 tonnes of GHG emissions annually, according to a lifecycle greenhouse gas (GHG) emissions tool developed specifically for Tilbury. This is the GHG emissions equivalent of removing every passenger-sized diesel truck in B.C. LNG plays an important role for Canada both as an attainable way to reduce GHG emissions, and as an economic opportunity.

    “The announcement of an LNG contract at Tilbury is an encouraging step for Canada’s LNG export industry,” said the Honourable Amarjeet Sohi, Minister of Natural Resources. “We are using sustainable Canadian fuels to reduce worldwide carbon emissions, and the opportunities to strengthen Canada’s economy and create good jobs continue to grow.”

    Chinese industries and residential buildings are switching from coal to natural gas to significantly improve air quality and address climate change. According to the International Energy Agency, LNG imports will be critical to transition China’s energy system to a path that limits global warming. Shipping LNG by ISO container helps meet the energy demands of industrial and public utility customers in China who are not connected to a pipeline network as the containers can be transported virtually anywhere and don’t require large regasification terminals to convert the LNG back into natural gas.

    “Canada is one of the leading natural gas producers in the world and our company is pleased to work with FortisBC to move their LNG to China’s fast-growing market,” said Top Speed Energy CEO Chen Jianrong. “The market for Canadian LNG will increase as China seeks to reduce air pollution and carbon emissions by switching to lower-carbon energy.”
     
    About FortisBC
    FortisBC Energy Inc. is a regulated utility focused on providing safe and reliable energy, including natural gas, propane and thermal energy solutions. FortisBC Energy Inc. employs more than 1,800 British Columbians and serves approximately 1,008,400 customers in 135 B.C. communities. FortisBC Energy Inc. owns and operates approximately 49,000 kilometres of natural gas transmission and distribution pipelines. FortisBC Energy Inc. is a subsidiary of Fortis Inc., a leader in the North American regulated electric and gas utility industry.

    About Top Speed Energy Corporation
    Top Speed Energy Oversea Corp Limited (TSE HK) is a c registered in Hong Kong, which mainly operates LNG ISO tank containers and related logistics services.




2019 October 14

18:06 Neptune Energy acquires North Sea assets from Energean
17:57 Rosatom set to have its plan for development of NSR infrastructure till 2035 to be approved by RF Gov't before year end
17:35 2020 Bulkers enters into a time charter agreement for Bulk Shanghai
17:21 Bronka port to handle cargo of up to 500 tonnes
17:05 CMA CGM announces FAK rates from Asia to the Mediterranean
16:50 Names given to first two super trawlers of Russian Fishery Company
16:35 Sasol invests in first South African-owned chemical tanker through Nduna Maritime
16:05 Norsepower signs service agreement with Wärtsilä to strengthen global wind propulsion service network
15:53 Teekay Corporation announces 3.5-year contract for the Hummingbird Spirit FPSO
15:42 Mexico sets high priority on IMO legal conventions
15:13 Rotterdam container placed on ‘Noah’s Train’
14:15 Philippine Ports Authority hires additional port police personnel
13:56 Some services in Russian ports to be excluded from the list of regulated services
13:11 Journey to 2050, Decarbonization, Digitalization and the Future of Safety Debated at ABS Taiwan Committee
12:38 Average wholesale prices for М-100 HFO down to RUB 12,473 in RF spot market
12:15 Cunard and Fincantieri start the construction of new cruise ship
11:22 IMO’s training workshop on handling of dangerous goods held in San José, Costa Rica
11:00 MARSA App to improve marine traffic and vessel service management for vessels calling at Abu Dhabi Ports
10:09 Greek Committee of Planning and Development of Ports approves € 611.8 mln investment plan for port of Piraeus
09:57 North Sea Port on course for new annual record
09:34 Brent Crude futures price is down 0.51% to $60.2, Light Sweet Crude – down 0.59% to $54.38
09:16 Baltic Dry Index is down to 1,924 points
09:00 Rederij de Jong team up with Wouter Kleiss and Mathijs van Schaik to form new company in the Port of Rotterdam
08:58 LR celebrates twenty years of leadership in naval classification
08:23 MABUX: Bunker Market this morning, Oct 14

2019 October 13

16:12 DHS, USCG extend limited contract relief for Offshore Patrol Cutter
15:39 CMA CGM to implement PSS for Douala, Cameroon
14:33 Okeanis Eco Tankers announces acquisition of Suezmax newbuilding duo
13:42 Pentland Ferries' new ship arrives to deliver most environmentally-friendly ferry service in Scontland
11:22 Global Energy to take over long-term operation of Nigg Oil Terminal
10:56 ICE announces new milestones in TTF and JKM trading

2019 October 12

16:35 HII expands Shipbuilder Academy program
14:29 Robert Allan design of two fire-floats delivered to Bangladesh shipyard
12:23 POSH announces acquisition of equity stake in Dolphin's Pacific Workboats
11:41 Sea trials begin for the second CCG's Offshore Fisheries Science Vessel built at Seaspan's Vancouver Shipyards
10:52 DHS extends contract relief for Offshore Patrol Cutter

2019 October 11

18:09 IMO took part in the Global Maritime Security Conference held in Nigeria
17:50 KN engaged in negotiations regarding operation of LNG terminal in Brazil
17:28 Throughput of Russian seaports in 9M'2019 grew by 2.8% to 626.8 million tonnes of cargo (detalization)
17:03 One Sea adds Awake.AI to autonomous ship ecosystem
16:42 BFC sold over 50,000 tonnes of bunker fuel to cruise ships in navigation season of 2019
16:23 Eagle Bulk Shipping takes delivery of M/V Santos Eagle
16:01 Cedrob Porty and Port of Gdansk Authority sign preliminary agreement for construction of high-storage cold store
15:27 ASPA launches non-self-propelled cargo pontoon of Project GRPN
15:00 Diana Shipping announces time charter contract for m/v Polymnia
14:44 Jan De Nul supports 7th International Forum of Dredging Companies as its Sponsor
14:36 New productivity records set at APM Terminals Barcelona
14:34 Wärtsilä Hybrid upgrades will save fuel and reduce greenhouse gas emissions for two offshore supply vessels
14:31 Operator named for the Port of Gothenburg’s new major terminal investment
14:09 Pa-X-ell2 research project enters the next phase with a consortium of eight project partners
13:32 Vopak concludes an agreement with First State Investments for the sale of 100% of the shares in Vopak Terminal Algeciras
13:09 APM Terminals announces new management structure in Scandinavia
12:40 MISC secures 15-year charter deals with ExxonMobil for two new LNG carriers
12:09 Jan De Nul successfully completes Port Hedland dredging
11:09 Port of Los Angeles handles 779,903 TEUs in September 2019
10:47 Sevmorzavod shipyard launched non-self-propelled floating crane 'Sevastopol'
10:28 Cooperation with Belarus offers good prospects to Latvian transit sector
10:09 Ocean Yield announces acquisition of a gas carrier with long-term charter
09:50 Ust-Luga Oil to build up its light oil products transshipment capacity by 2-4 million tonnes by 2022
09:39 Baltic Dry Index is up to 1,929 points