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OIL AND GAS
Total commits further to LNG as a maritime fuel
by Daniel J. Graeber
Washington (UPI) Feb 6, 2018

French supermajor Total said Tuesday it made a deeper commitment to liquefied natural gas by chartering a refueling vessel for Europe-to-Asia trade routes.

The marine fuels division of Total signed with Japan's Mitsui O.S.K. Lines, or MOL, a long-term charter commitment for a bunkering vessel scheduled for 2020 delivery. The vessel, the first designed for large-scale bunkering operations, will be built at a Chinese shipyard and service cargo vessels in northern European waters, including those traveling the Europe-to-Asia trade routes.

Bunkering is the ship-to-ship transfer of fuel. The as-yet unnamed vessel will be used specifically for French container shipping company CMA CGM, following a 10-year agreement signed with Total in December.

Total in July said it was making strides on LNG as a fuel through its marine fuels subsidiary. Its first agreement for LNG bunkering was signed with Brittany Ferries, a French passenger and freight shipper that starts to get the supplies in 2019.

"Combined with our strong historical activity in the bunker industry and our global footprint in LNG, this pioneer agreement offers a major contribution to the development of LNG as a marine fuel and illustrates Total's strong commitment towards the use of this new fuel," Olivier Jouny, the managing director of Total's fuels division, said in a statement.

The French supermajor said LNG as a fuel source is transformative given the maritime shipping industry's quest to cap emissions of nitrogen oxide, carbon dioxide and other harmful greenhouse gas emissions.

Beyond the chartering agreements, Total and the Japanese transport company signed a memorandum of understanding to work together on maritime LNG infrastructure and servicing MOL's future needs for the super-cooled liquid gas.

The new vessel for CGM's lines will be managed by the British subsidiary of MOL.


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OIL AND GAS
Fear and diplomacy fuel Qatar's military spending
Doha (AFP) Feb 2, 2018
Since the Qatar diplomatic crisis started, one response by the emirate has become increasingly clear - Doha is using its extraordinary wealth to fund a massive push in defence spending. A flurry of military contracts have followed since Saudi Arabia and its allies dramatically cut all ties with Qatar last June, accusing the 2022 World Cup host of sponsoring terrorism and cosying up to Riyadh's bitter regional rival, Iran. Isolated by and increasingly vulnerable to its more powerful neighbours, ... read more

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