Clean Fuel
Repsol Completes Argentinian Assets Sale
Repsol has completed the sale process of its assets in Argentina with the sale to JP Morgan Securities of the remainder of the BODEN 2015 securities that the company still held, with a nominal value of $117.36 million, which were part of the means of payments in the compensation obtained for the exp
South Stream Soon to Take Action in Serbia
A meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Dusan Bajatovic, Director General of state-owned Srbijagas took place today during the St. Petersburg International Economic Forum 2014. The parties addressed the progress with the South Stream in Serbia as
Höegh LNG 1Q Income Increases
Höegh LNG of Norway reported USD 51.3 million in total income in the first quarter of 2014, up from USD 20.1 million in the first quarter of 2013. The company also reported Loss before tax of USD 4.5 million, which is an improvement from a loss of USD 7.9 million in the first quarter 2013. […
Ust-Luga LPG Terminal Gets USD 700 Mln Investment
A consortium of investors, made up of the Russian Direct Investment Fund (RDIF), a group of foreign investors and Gazprombank has come to an agreement on terms of an investment into a liquefied petroleum gas (LPG) and light oil products transshipment terminal. This terminal is owned by the Russian p
Gasunie and Gazprom Consider Future Joint Activities
A meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie took place today within the St. Petersburg International Economic Forum 2014. The parties addressed the current state of cooperation as well a
Creos and Fluxys Integrating Belgium-Luxembourg Gas Market
In close collaboration with Luxembourg’s regulatory authority (ILR) and Belgium’s Regulatory Commission for Electricity and Gas (CREG), Creos Luxembourg and Fluxys Belgium have signed a cooperation agreement aimed at integrating the two countries’ gas markets. Melchior Wathelet, Secretary of State f
Gazprom, Republika Srpska Address South Stream Progress
A meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Milorad Dodik, President of Republika Srpska, an entity in Bosnia and Herzegovina, took place today as part of the St. Petersburg International Economic Forum 2014. The parties addressed the issues of bilat
GAZ-SYSTEM Joins Polish Power Exchange
GAZ-SYSTEM S.A. became the member of the market operated by the Polish Power Exchange. This is yet another step in the cooperation between the companies, which is expected to contribute to further development of a competitive gas market in Poland. Already on 11 October 2012 both companies signed a c
Klaipeda LNG Terminal Service Platform Moves Forward
Klaipedos Nafta company is moving forward with the LNG service terminal in Klaipeda after Lithuania’s search for energy security and natural gas supply sustainability resulted in creation of the Klaipeda project. Russia was the only natural gas supplier to Lithuania which has seen the country turn t
China Is Gazprom’s ‘New Europe’
Following almost two decades of negotiation, Russia and China have agreed a deal to supply 38 billion cubic meters (bcm) per annum of gas from Gazprom’s East Siberian fields into China via the Power of Siberia pipeline. Details on pricing and the timing of first deliveries for this landmark deal are
Global LNG Industry to Grow Steadily, Report Says
Research and Markets has announced the addition of the “Global LNG Regasification Industry Outlook Report (Q2 2014) – Analysis of Trade, Infrastructure, Competition, Investments and New Opportunities to 2020” report to their offering. Global LNG Industry is poised to grow steadily despite fluctuatio
Gas Natural Fenosa to Supply Gas to Seva, Barcelona
Gas Natural Fenosa, through its distribution affiliate Gas Natural Distribución, will invest 511,000 euros to bring its gas supply to the district of Sant Miquel de Balenyà, part of the municipality of Seva (Barcelona). In the next few weeks, the energy company will begin construction work on a gas
Baker Botts Advises Hoegh LNG on Lampung FSRU Financing
Baker Botts has advised Hoëgh LNG on a limited recourse financing of the Lampung LNG floating storage and regasification Unit (FSRU) and mooring in Indonesia. The Lampung FSRU will be employed offshore south Sumatra under lease to PT PGN LNG Indonesia for a 20 year term that can be extended to 30 ye
CNPC, Yamal LNG Enter Supply Contract
Yamal LNG said it has concluded a binding contract for the supply of liquefied natural gas (LNG) with China National Petroleum Corporation (CNPC). The contract provides for the supply of three million tons of LNG per annum at delivered ex-ship (DES) terms for a period of 20 years. LNG price is index