Clean Fuel
Two Qatari LNG Tankers Head for UK
Two Qatari LNG cargoes have been scheduled for delivery in the next seven days to the UK’s South Hook LNG terminal. The 266,000 cbm Shagra is expected to arrive at the South Hook terminal on June 7, while the 210,000 cbm Al Ruwais is due to arrive at the terminal on June 9, according to the [&hellip
Total Sells 10 Pct Interest in Shah Deniz to TPAO
Total of France signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company. The transaction is valued at $1.5 billion. “The sale of our interest in Shah Deniz is in line with Total’s active portfolio management an
Top News of The Week May 26-31, 2014
Bechtel: GLNG Progress Update (VIDEO) Work is progressing on the Bechtel GLNG Curtis Island site. First PNG LNG Cargo Heads to Japan The first shipment of liquefied natural gas from ExxonMobil PNG Limited’s US$19 billion PNG LNG Project has left Papua New Guinea carrying a cargo bound for Japan for
30th Meeting of EBC Presiding Committee Held in Athens
Athens hosted the 30th Meeting of the European Business Congress (EBC) Presiding Committee and the 17th Annual General Meeting (AGM) of the EBC. The meetings were moderated by Alexey Miller, Chairman of the Gazprom Management Committee, President of the EBC. The meeting participants heard the report
Flex LNG Posts Q1 Results
Flex LNG said its cash balances at 31 March were $0.9m (2013: $4.9m) with $0.6m net outflow (2013: $1.4m) in the quarter. In the three months in 2014 the operating cash outflow was $0.6m. The loss before tax was $0.6m (2013: $1.6m) in the quarter. In the period there was also a $0.1m cost on the opt
Dennis Finn Joins WorleyParsons as CEO of Global Advisory Business
WorleyParsons announced that Dennis Finn has been selected as CEO of the company’s new global advisory business following a 10-year career as a senior Partner in the PricewaterhouseCoopers (PwC) network. Finn joined PwC in 2004 as senior Advisory partner and Head of Consulting for PwC Australia. He
PIRA: Lack of Spot LNG Consumption in Asian Markets
NYC-based PIRA Energy Group reports that a significant surge in the amount of LNG being sold under long-term contract in 2014 is limiting the diet for spot LNG in Asian markets. In the U.S., the EIA reported the season’s first “true” triple-digit storage injection. In Europe, PIRA is under no illusi
Gazprom Targets International NGV Market
The Gazprom Management Committee took notice of the information about the progress with implementing the 2014–2015 Action Plan for strengthening the company’s positions in the international NGV sector. It was pointed out that comprehensive efforts were made within the Plan to outline Gazprom’s devel
Smit Lamnalco Urges Collaboration on FLNG Safety
Marine terminal service company Smit Lamnalco believes it has an important contribution to make as new safety regulations for floating gas terminal facilities are drawn up. Group Business Development Manager Andrew Brown points out that although there is some overlap on safety issues between floatin
FID on Gate third LNG jetty expected soon
Gasunie and Vopak, the main shareholders of the Dutch LNG import terminal in Rotterdam, plan to make a final investment decision to build a third jetty for small LNG ships in the first half of this year, Stefaan Adriaens, Commercial Manager of the Gate Terminal told LNG World News in an interview at
List of Small Scale LNG Carriers Released
Traditionally, the transportation of LNG has been done in LNG carriers that move the product in the most economical way from the producers to their final destination. LNG is then re-distributed via pipelines to the final users. But the same that other energy sources have been changing the way they a
Centrica Continues with Share Repurchase Programme
Centrica said that it has purchased 750,000 Centrica ordinary shares at an average price of 330.0494 pence per share. The highest price and the lowest price paid for these shares were 331.30 pence and 328.40 pence respectively. The purchased shares will be held as treasury shares. As at the date of
Golar LNG Partners Income Climbs
Golar LNG Partners reported net income of $32.7 million and operating income of $53.8 million for the first quarter, as compared to net income of $30.3 million and operating income of $45.2 million for the first quarter of 2013. The improvement in operating income over the same period in 2013 is a r
China’s LNG Imports Will Rise to 67 Million Tons by 2025
Gazprom Marketing & Trading Director Medan Abdullah said in an interview with PRIME that China will raise imports of LNG to 67 million metric tons by 2025. China currently imports 18 million tons per year. Global LNG market will show an annual rise by 5% due to some countries striving to diversify g