Clean Fuel
E.ON, RasGas Sign Contract for LNG Supply
A three-year contract with the potential to supply up to around two billion cubic meters of gas over its term has been signed by E.ON and RasGas. With this medium-term flexible contract, RasGas will supply LNG from Qatar to the Isle of Grain in the UK. Christopher Delbrück, CEO of E.ON Global Commod
Belgium to Receive LNG Cargo
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar onboard the 145,602 cbm Milaha Qatar on June 14, according to port data. Fluxys, the operator of the Zeebrugge LNG terminal, said that 37 LNG carriers unloaded at Zeebrugge in 2013, compared with 46 i
Stroytransgaz Consortium Wins Bid For South Stream Construction in Bulgaria
South Stream Bulgaria announced the results of the bidding procedure for detailed engineering, material and equipment supply, construction and assembly operations, personnel training and South Stream gas trunkline commissioning in the Republic of Bulgaria. Stroytransgaz consortium comprised of Russi
Awilco LNG Freight Income Down
Awilco LNG said its freight income for the first quarter of this year was MUSD 20.2, compared to MUSD 21.3 in the previous quarter. The decrease was due to lower rates for WilPride in Q1. Highlights: – Awilco LNG reported an EBITDA of MUSD 10.7 (MUSD 8.0 in Q4 2013); – WilForce commenced a three [&h
Rosneft and ExxonMobil Extend Agreement on Far East LNG Project
Igor Sechin of Rosneft and Exxon Mobil’s Neil Duffin signed an agreement to extend the existing strategic agreement on implementation of the Far East LNG project. Work to progress engineering surveys on land and sea are scheduled for summer of 2014. At this time, conceptual design development has be
Novatek Extends Share Buyback Program
Novatek, the operator of Russia’s Yamal LNG project, said that it has approved the extension of the company’s share buyback program until 7 June, 2015, keeping all the terms of the program unchanged. Novatek’s Chairman of the Management Board, Leonid V. Mikhelson said: “We are successfully implement
Gazprom and VNG Cooperation for More Stable Gas Supply to European Consumers
Alexey Miller of Gazprom and Karsten Heuchert, Chairman of the Verbundnetz Gas (VNG) Executive Board, met in saint Petersburg where they addressed the cooperation development issues between the two companies. “Our contract signed over 40 years ago provided the basis for developing new enormous field
VTG and Chart Ferox Build Rail Tank Cars for LNG Transportation
VTG Aktiengesellschaft, a wagon hire and rail logistics company, is collaborating with Chart Ferox, a worldwide manufacturer of storage, transport, and distribution systems for liquefied air and natural gases, to build two prototype units for the safe and economical carriage of LNG by rail. “We are
Natural Gas the Way Forward for Germany, Poll Shows
Citizens of Germany believe that natural gas should become the main back-up energy source for renewables, opinion poll conducted by Forsa institute shows. The results of the survey are cited by WINGAS, one of the largest gas suppliers on the German market. The opinion poll was aimed to test the atti
NYK and Knutsen Invest in LNG Duo
NYK and the Knutsen Group said that they have concluded a joint investment and financing arrangements on a 50:50 basis for two new 176,000 m3 ME-GI LNG tankers. The vessels to be built at Hyundai Heavy Industries for delivery in the second half of 2016 will be chartered to Spanish energy company Gas
Elengy at Philippines LNG Conference in Manila
Elengy is present at the Philippines LNG conference in Manila from 26th to 29th of May. This event focuses on the latest LNG terminals projects in South East Asia, innovative terminal design, logistical best practices and new LNG technology. An Elengy expert on international projects will speak on c
New IGU Wholesale Gas Price Report Published
The 2013 IGU Wholesale Gas Price survey is the sixth to be undertaken in a series which began at the start of the 2006 to 2009 triennium culminating in the World Gas Conference in Buenos Aires. Prior to the 2013 survey, previous surveys were undertaken for the years 2005, 2007, 2009, 2010 and 2012.
Belgium to Receive LNG Cargo
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG onboard the 145,800 cbm Al Jassasiya from Qatar on June 3. Fluxys, the operator of the LNG import terminal, said that in the first three months of 2014, nine carriers were unloaded and five were loaded at the Ze
Picture of the Day: Gate LNG Jetty
The Gate LNG import terminal located at the entrance to the Port of Rotterdam consists of three storage tanks, two jetty’s and a process area where the LNG is regasified. The terminal has a throughput capacity of 12 billion m3 (bcm) per annum. The initiators and partners in the Gate terminal are Gas