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The Government of Finland has issued a decree on the general terms for granting investment aid for liquefied natural gas (LNG) terminals. The decree entered into force on 15 October. The Ministry of Employment and the Economy also launched the application procedure for the aid. This year’s supplementary state budget sets aside EUR 33 million […]
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Wärtsilä, a leading global supplier of power plant and ship power solutions and services, has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. The contract, valued at approximately EUR 100 million, has been made with Manga LNG Oy, a joint venture between the […]
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Containerships Ltd Oy, GNS Shipping/Nordic Hamburg, and ARKON Shipping confirmed to have ordered 2 two-plus-two, state-of-the-art, dual-fuel engine-technology container ships. The new ships will feature innovative design elements for the European short-sea trade. Containerships will be chartering the ships over the long term, the owner and technical manager will be GNS Shipping/Nordic Hamburg, while Arkon […]
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Europe’s top bunkering port, the Port of Rotterdam, has seen an increase in LNG bunkering at the port.
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Russia’s Novatek is pressing ahead with the construction of its second Arctic liquefied natural gas export project, while in the meantime also planning to develop LNG downstream business in Germany and Poland, according to the company’s finance chief Mark Gyetvay. Arctic LNG 2 is Novatek’s second large-scale LNG export project following the launch of the […]
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As 2020 looms, there is growing consensus that LNG is the best solution for today and into the future towards 2050, as there are no alternative solutions that can match LNG’s emissions profile and scalability.
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On May 22, the naming ceremony of MV Coralius was performed by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum. Being the first European built LNG bunker and distribution vessel, Coralius was commissioned for build at Bodewes Shipyards by Sirius Veder Gas AB. The company, a joint venture for the […]
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Authorities & Government, Market outlooks, Outlook & strategy, Regulation & policy, Vision
Following President Trump’s effective surrender of his three-week protest of the election results on Monday by submitting to the government’s official transition to the incoming Joe Biden administration, the time has come for the new administration to set new energy transition plans into motion – but the plan might have more spanners in the wheel than originally suspected.
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Indonesia, the world’s second biggest contributor to plastic waste in the oceans, is in a state of emergency with regard to waste problems. With 250 million people, around 175,000 tons of waste is produced each day, amounting to 64 million tons per year, according to data from the Environment and Forestry Ministry. “Aware of this […]
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OSPRAG, the UK’s Oil Spill Prevention and Response Advisory Group, has agreed to move ahead to commissioning detailed designs for a full/partial pressure capping device which has the potential to become a key element of the UK offshore oil and gas industry’s oil spill response contingency plans. OSPRAG was set up in May to learn […]
