Clean Fuel
GasLog Announces Public Offering
GasLog said that it plans to offer 4,250,000 of its common shares to the public. The company intends to grant the underwriters of the Public Offering a 30-day option to purchase up to 637,500 additional common shares. The company plans to use the net proceeds of the Public Offering to fund a portion
Picture of the Day: Dunkirk LNG Terminal
Construction on the Dunkirk LNG terminal in France, which is owned by EDF Group, is progressing well. Work on the LNG terminal began in April 2012 and commissioning is expected at the end of 2015. The EUR 1 billion terminal comprises one berth that will be useable by the world’s largest LNG tankers
Viktor Zubkov: Unification of Gas Compressors to Lower Their Construction Costs
Viktor Zubkov, Chairman of the Gazprom Board of Directors held a meeting in Rybinsk. It was dedicated to the issues of introducing a standardized gas compressor unit (GCU). Taking part in the meeting were Sergey Yastrebov, Governor of the Yaroslavl Region, Vitaly Markelov, Deputy Chairman of the Gaz
GasLog to Buy More LNG Tankers from BG
GasLog said that it has completed the acquisition of three LNG ships from Methane Services (MSL), a unit of BG Group. The company also agreed to acquire an additional three LNG carriers for $468 million from MSL and to charter those ships back to MSL for six-year initial terms on average. “The time
FSRU Toscana Decisive for Development of LNG in Italy
The Terminal “FSRU Toscana” is an essential infrastructure for the launch and the development of liquefied natural gas used as clean fuel for maritime and land transport in Italy and in the Mediterranean Sea Area. This emerged from the first session of works during the 2° Conference on LNG, develope
Wartsila Opens New Test Centre in Norway
Wärtsilä inaugurated its new electrical & automation test centre in Stord, Norway on 9 April. The new facility is one of the largest test centres in Europe dedicated specifically to electrical and automation systems for marine and offshore applications. The facilities were inaugurated by Wärtsilä’s
Trinidan Ships LNG Cargo to Spain
Trinidad and Tobago’s Point Fortin LNG terminal shipped a cargo of liquefied natural gas to Spain on Wednesday, according to shipping data. The cargo is being hauled by the 135,423 cubic-meter Madrid Spirit, and it is due to arrive at the Bilbao LNG terminal on April 20. Atlantic LNG, the operator o
PIRA: European Spot Gas Prices Dropping
PIRA Energy Group reports that spot gas prices in Europe are going down. In the U.S., regional price risks rise due to hefty hole left in N.A. storage. In Europe, to prevent the price of spot gas from falling any further, the removal of additional supply is going to be needed. On the heels of [&hell
GTT: LNG Cargo Operations Course to Be Held in Paris
GTT announced that registration is now open for the first training course to be run at the company’s new training center which will take place on June 23, 2014. The course will be a LNG Cargo Operations Course for ships officers and will take place at its facilities in Saint-Rémy-lès-Chevreuse, near
Shell Issues 2013 Sustainability Report
LNG player Shell published its Sustainability Report for 2013. Shell has also published details of payments made to governments in 2013 in some of the key countries where it operates. The Sustainability Report covers Shell’s environmental and social performance for the year and outlines the company’
Air Products to Deliver Nitrogen Systems for 25 LNG Vessels
Air Products AS in Kristiansand, Norway received its largest order of PRISM® nitrogen systems for shipboard applications in the last 30 years. The order involves retrofitting 25 LNG vessels by replacing a competitive nitrogen system with a new one that incorporates Air Products’ proprietary PRISM® m
Novatek Q1 Gas Production Down 2.4 Percent
N0vatek, the operator of Russia’s Yamal LNG project, said its gross production totaled 15.71 bcm of natural gas and 1,370 thousand tons of liquids (gas condensate and crude oil) in the first quarter of 2014, resulting in a decrease in natural gas production by 2.4% and an increase in combined liquid
Gasum Signs Gas Delivery Deal with Sachtleben
Gasum and chemicals producer Sachtleben have made a deal on the delivery of natural gas to the Pori plant of Sachtleben Pigments Oy. With the deal, Sachtleben Pigments will replace liquefied petroleum gas with natural gas. The transition will reduce the plant’s CO2 emissions by 12,000 tons each year
DNV GL Unveils Next Gen Energy Efficiency Methodology
DNV GL presents a novel approach that overcomes challenges of assessing on board energy efficiency in a consistent manner. As a result, priorities for improvement can be determined accurately. In a new report released today, DNV GL answers the question: How can a ship manager identify the biggest so