Clean Fuel
Novatek Gets Offer for Yamal LNG Stake
Novatek of Russia has reportedly received an offer from an unnamed buyer for a stake in the company’s Yamal LNG project. Novatek’s chief financial officer Mark Gyetvay said in a phone conference that the offer came from “a group in the Pacific region,” Interfax informs. Yamal LNG, in which Novatek h
Portugal to Get LNG Cargo from Trinidad
Trinidad and Tobago’s Point Fortin terminal shipped a liquefied natural gas cargo on Monday to Portugal, shipping data reveals. The cargo is being carried by the 138,200 cubic-meter British Innovator, and it is due to arrive at the Sines LNG import terminal, operated by REN Atlântico, on May 12. The
Qatari LNG on Way to UK
The UK’s South Hook import terminal is expected to receive a cargo of liquefied natural gas this week, port data shows. The Rasheeda LNG tanker, with a capacity of 266,000 cbm, is sailing from Qatar’s Ras Laffan port. The South Hook LNG terminal was fully commissioned in 2010 and is among the larges
Gasum Finalizes Skangass Acquisition
Gasum and the Lyse Group concluded the acquisition of Skangass on 2nd May. This resulted in Gasum acquiring 51% of the LNG distribution business from the Lyse Group. “The Skangass acquisition supports our strategy and the Finnish Government’s goal of speeding up the construction of LNG infrastructur
Picture of the Day: Dragon LNG Tank
The UK’s Dragon LNG import terminal at Milford Haven became operational in 2009. The LNG import terminal plays an intrinsic role in supporting the UK’s energy infrastructure. It imports and supplies 6 billion cubic metres of gas per annum to the UK’s National Transmission System (NTS), as and when r
Iran Set for Gas Supply to Europe, Official Says
Iran is ready to supply European countries with natural gas, Iran’s Deputy Oil Minister for International and Trade Affairs, Ali Majedi said. “Iran is ready for gas exports to Europe, and if the necessary conditions are provided, this objective is realizable,” Majedi said in a meeting with French Se
Top News of The Week April 28-May 3, 2014
CNOOC to Team Up with BG for Prince Rupert LNG Project CNOOC Gas and Power Group, a unit of CNOOC, has signed an agreement with a division of BG to partner on the planned Prince Rupert LNG project. ExxonMobil Starts PNG LNG Production ExxonMobil said that the $19 billion PNG LNG project has started
Lithuanian Foreign Minister Welcomes Liberalization of U.S. LNG Exports
On the last day of the visit to the United States, the Minister of Foreign Affairs of Lithuania Linas Linkevičius met with the Chairman of the House Committee on Foreign Affairs Ed Royce. “During the conversation, the officials discussed the threat posed by Russia’s aggressive actions in Ukraine to
Belgium to Get LNG Cargo
The Ejnan liquefied natural gas carrier, with a capacity of 145,000 cubic meters, is expected to arrive in Belgium’s Zeebrugge LNG terminal from Qatar on May 11, according to the Port of Zeebrugge website. Belgium’s Fluxys, the operator of the Zeebrugge LNG terminal, said that 37 LNG carriers unload
BG: LNG Deliveries Down in Q1
LNG player BG said its revenue and other operating income increased 3% to $5 061 million in the first quarter of 2014. While E&P production volumes and LNG cargo deliveries were lower, revenues benefited from a significant increase in oil volumes, particularly from Brazil. Total operating profit dec
DNV GL Initiates JIP to Build Ultrasonic Flow Meter Technology for Wet Gas
Accurate measurement of the output of wet gas fields is an important means of reducing the financial risks that exploration & production companies face in sales gas allocation. Ultrasonic flow meter technology is proven for dry gas metering and E&P companies now hope to apply it to wet gas. DNV GL h
Aker Reports Growth in 1Q Revenue
Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered b
Repsol Makes Board Changes
Repsol’s Board of Directors approved a significant remodelling of the executive team’s structure. Especially relevant is the appointment as Chief Executive Officer of Josu Jon Imaz San Miguel, who up to now was ED Industrial Division. With the new structure, the Repsol Group reinforces the managemen
Lithuania: LNG Terminal Capacity Allocation Starts
Klaipedos Nafta of Lithuania said it has started the primary capacity allocation (open season) of the country’s first LNG terminal. The first contracts for LNG regasification and (or) reload services will be concluded in June-July, while the capacity will be allocated annually. However, when the ter