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Maxximus World Records Highlight Power of LNG

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April 13, 2012 | USA, Los Angeles CA

Maintaining the crown as the world’s fastest street-legal car, the Maxximus LNG 2000, the brainchild of financier Bruce McMahan and Indianapolis-based designer Marlon Kirby, has now set world records for both LNG (liquefied natural gas) and LPG (propane). By utilizing proprietary technology, the Maxximus team say they have revolutionized the next generation of green vehicles that provides “legendary” versatility for using both natural fuels and reducing our dependence on foreign fuel sources.

The Maxximus LNG 2000 achieved both records at the South Georgia Motorsports Park, with LNG records broken in January and LPG records broken in march.

The table below displays the results. Note the outstanding 0 – 60 mph (0 – 97 kph) in just 1.96 seconds.

MAXXIMUS LPG LNG
0 – 60 mph 2.6 seconds 1.96 seconds
0 – 150 mph 9.21 seconds
Speed in 1/4 mile 134 mph 159.9 mph
Speed in 1/4 mile 215.5 kph 257.3 kph
1/4 mile elapsed time 10.28 seconds 9.63 seconds

The car can run on LNG, CNG and LPG with on demand adjustments.

Centaur Performance Group is owned by financier and philanthropist Bruce McMahan, who states, “When it comes to automobile performance, natural gas is at the forefront of people’s thinking. By using both LNG and LPG instead of gasoline, Centaur is taking up the charge in doing all it can to reduce America’s dependence on foreign fuel sources.”

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“Natural gas is a lot more attractive given the situation in the market, and there isn’t a car on the market that currently utilizes both LNG and propane. It’s the ultimate win-win for everybody,” commented Kirby.

In addition, Centaur is also developing a consumer-targeted line of vehicles called the Centaur Dragonfly that can be powered by four fuel types — gasoline, LNG, LPG and CNG (compressed natural gas).

(This article compiled using information from a Centaur Maxximus Motion press release)

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100 Million Tons of Ships, Hyundai Heavy Surpasses All Others

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Image courtesy Qatar Gas

The Korea Times and Yonhap news reports today that South Korea’s Hyundai Heavy Industries (HHI) has cumulatively built over 100 million tons of ships over the shipyard’s 40 year history.

No other shipbuilding company in the world has ever built more.

According to the Korea Times,

Hyundai Heavy has delivered a total of 1,805 diverse types of ships, ranging from drilling vessels, LNG or LPG carriers and container ships to submarines and naval ships, to more than 280 ship owners in 49 different countries.

The ships include 510 container ships, 351 oil tankers, 343 bulk carriers and 124 product carriers.

Last month, HHI won orders for 4 liquefied natural gas (LNG) carriers and 1 LNG floating storage regasification unit (FSRU) worth USD $1.1 billion.  The orders included two 162,000 cbm LNG carriers for Golar LNG of Norway and two same-class ships for an unnamed European shipowner.

According to a Dow Jones report in January, HHI’s 2012 annual order and sales targets are up 19.6% and 9.5%, respectively, from its results in 2011, when it booked $25.54 billion in orders and KRW25.2 trillion in sales.

Asian shipyards such as HHI are bracing for challenging times ahead however as current oil prices increase operating costs, a glut of containerships and tankers put heavy downward pressure on freight rates, and newbuild ship financing becomes increasingly more complex for shipowners.

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Iran pays Statoil loan with gas

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Norway’s Statoil receives regular amounts of butane and propane from Iran as its creditor, according to reports.

The Liquefied Petroleum Gas (LPG) deliveries are to cover the country’s National Iranian Oil Company loan from Statoil.

Press spokesperson Bård Glad Pedersen tells NA24, “that is correct, and this is in line with the original contract’s repayment options.”

Ban on oil

The EU announced, Monday, it was to impose a total ban on oil imports from Iran effective 01 July. Statoil says it will be raising the matter with Norwegian authorities.

However, Mr Glad Pedersen underlines that debt repayments relating to already-completed contracts in the form of petroleum product are exempted.

“Our assessment, therefore, is that we will still be able to receive these even after the sanctions come into force. We will continue our dialogue with Norwegian authorities to ensure this is understood,” he concludes.

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Australia: All Ichthys Approvals on Track, INPEX Says

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INPEX CORPORATION (INPEX) today said all approvals, including Production Licences, for the Ichthys LNG Project, which is 76% owned by INPEX and 24% owned by Total, are on track for the Project to make a Final Investment Decision (FID) targeted by the end of the year 2011.

Offshore, INPEX intends to install a floating central processing facility (CPF) to develop the Ichthys Field. The greater part of the condensate will be transferred from the field via a subsurface pipeline to a nearby floating production; storage and offtake (FPSO) facility where it will be treated and transferred to offtake tankers for export.

Natural gas from the field will be directed through an approximately 850km long gas export pipeline from the field to the onshore facilities in Darwin for processing into LNG and liquefied petroleum gas (LPG).

The resource estimates for the Ichthys Field are 12.8 trillion cubic feet of natural gas and 527 million barrels of condensate.

The Project is expected to produce more than 8 million tonnes of LNG and 1.6 million tonnes of LPG per annum. It will also produce 100 000 barrels of condensate per day at peak.

Proposed Offshore Facilities

Semi-submersible central processing facility (CPF)

Floating production, storage and offloading (FPSO) unit

Umbilicals, risers and flowlines

Subsea pipeline 850 kilometres from the Ichthys field to Blaydin Point, Darwin

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