Clean Fuel
Novatek Sees Revenue Growth
Novatek, the operator of Russia’s Yamal LNG project, said that its total revenues increased by 10.1% to RR 88.7 billion in the first quarter, compared to RR 80.6 billion in the corresponding period of 2013. The growth was mainly due to an increase in average prices for natural gas and liquid hydroca
GDF Suez LNG Sales Rise in Q1
GDF Suez of France recorded a growth in the company’s external LNG sales in the first quarter, with volumes amounting to 27.4 TWh, or 34 cargoes. This represents an increase of 5.7 TWh versus 21.7 TWh, or 24 cargoes, at the end of March 2013. The contribution of the company’s Global Gas & LNG busine
Ukraine Inks Agreement on Reverse Gas Supplies with Slovakia
Ukraine signed a memorandum on cooperation in energy with the Slovak transit company Eustream, the Prime Minister of Ukraine Arseniy Yatsenyuk said at a press conference on Monday. The memorandum envisages launch of reverse supplies of natural gas from the territory of Slovakia. According to the Min
Port of Dunkirk Invites Expressions of Interest for LNG Bunkering Station
The Port of Dunkirk in France has issued an invitation for expressions of interest to create a small-scale marine and onshore LNG distribution station in the Port of Dunkirk. With a new full-scale LNG terminal under construction, the Port of Dunkirk also prepares itself to meet demand for small-scal
Gazprom Posts Higher Sales in 2013
Russian gas giant Gazprom said it net sales of gas increased by RUB 314,716 million, or 12%, to RUB 2,971,823 million in 2013, compared with 2012. Net sales of gas to Europe and other countries increased by RUB 213,306 million, or 15%, to RUB 1,682,761 million in 2013. The increase in net sales of g
Enagas Opens New Gas Pipeline
Enagás Transporte del Norte, a company in which Enagás and Ente Vasco de la Energía have stakes, has inaugurated the new gas transport infrastructure which links the Bilbao regasification plant (BBG) with the network of gas pipelines in the region of Cantabria. The inauguration, with the symbolic op
Eni 1Q Profit Drops
Italy’s Eni posted adjusted operating profit of €3.49 billion in the first quarter of this year, down 6.8% from the first quarter 2013. Financial highlights Adjusted net profit: €1.19 billion, down 14.3% from the first quarter 2013; Net profit: €1.30 billion, down 15.6% from the first quarter 2013;
Statoil Net Income Up 35 Pct
Statoil of Norway said that the company’s first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. “We are pleased to present strong financial results for the quarter. Higher prices and good
BP Reports 3.2 Bln Profit in 1Q
BP said its profit for the first quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. BP Group Chief Executive Bob Dudley commented: “This is a very solid start to 2014. Oper
Ukraine Files Lawsuit against Gazprom
The Government of Ukraine and NJSC Naftogaz decided to submit a lawsuit against the Russian company Gazprom. Prearbitral note has been sent to Gazprom, Ukrainian PM Arseniy Yatsenyuk informed at a press conference on Monday, April 28. He said that the issue on further bilateral relations with Russia
Gas Reserve in Russian and Belarusian UGS Facilities to Exceed 71 Bcm
The Gazprom Management Committee addressed operating results of the company’s subsidiaries over the autumn/winter 2013–2014 period (from October to March) as well as the measures required for uninterrupted gas supply to consumers in the autumn/winter 2014–2015 period, the company said in a statement
GasLog Partners Start IPO
GasLog Partners announced the commencement of an initial public offering of 8,400,000 common units representing limited partnership interests. The estimated price range for the initial public offering is $19.00 to $21.00 per common unit. The proceeds from the offering will be used principally to red
Two LNG Tankers Due at South Hook This Week
Two Qatari LNG cargoes have been scheduled for delivery this week to the UK’s South Hook LNG terminal. The 266,000 cbm Zarga is expected to arrive at the South Hook terminal on May 2, while the 216,000 cbm Tembek is due to arrive at the terminal on May 4, according to the Milford Haven Port [&hellip
Gasol Names New Finance Director
Gasol appointed Patrick Garo as Finance Director with effect from 1 July, 2014. Patrick joins the main Board of Gasol from Lynx Energy, a trading company with downstream assets in the Democratic Republic of the Congo, where he was Chief Financial Officer. Prior to that, he was Chief Financial Office