Clean Fuel
Sakhalin Energy Hits LNG Production Milestone
Russia’s only LNG plant, operated by Sakhalin Energy, has produced 50 million tonnes of LNG. The LNG plant has been launched in February 2009. Since that time, Sakhalin Energy supplied 769 cargoes of LNG. The bulk of the product has been shipped to Japan and South Korea. Also, Sakhalin-2 LNG was del
Portugal: Sines to Receive LNG Cargo
Portugal’s Port of Sines will receive a shipment of liquefied natural gas from Algeria this week, port data shows. The GDF Suez Global Energy, with a capacity of 74,500 cubic meters, is expected to arrive at the Sines LNG import terminal on March 20. The terminal is held by REN Atlântico and has a n
Petronas Buys LNG Cargoes from Galp Energia
Petronas of Malaysia has reportedly purchased around eighteen LNG cargoes from Galp Energia of Portugal in a recent tender. Galp Energia has recently issued a tender to sell up to 30 liquefied natural gas cargoes from Nigeria’s Bony terminal over a five-year period. Petronas has won three years of t
LNG Blue Corridors Project: First Refueling Stations to Open
The LNG Blue Corridors project, in which NGVA Europe participates, aims to improve knowledge and awareness of LNG as an alternative fuel for medium and long distance road transport. The mission is to establish LNG as a real alternative for transport – first as a complementary fuel and later as an ad
Qatari LNG Heads for Belgium
The Al Marrouna LNG tanker, with a capacity of 151,700 cubic meters, is expected to arrive at Belgium’s Zeebrugge LNG terminal from Qatar on March 29, port data shows. The Port of Zeebrugge recently said that the terminal’s LNG volumes fell down 21.5 percent in 2013, compared to the year before. 58
Saipem to Build First Offshore Line of South Stream Gas Pipeline
Oleg Aksyutin, Chief Executive Officer of South Stream Transport B.V. and Stefano Bianchi, Senior Vice President of Saipem entered into contracts for constructing the first of the four offshore lines of the South Stream gas pipeline. According to the signed contracts worth around EUR 2 billion, Saip
Novatek of Russia Continues with Share Buyback Programme
Novatek announced that pursuant to the company’s buyback program originally announced on 7 June 2012 and subsequently extended, during the period from 11 through 14 March 2014, 2 476 250 ordinary shares (including in a form of Global Depositary Receipts) were purchased on the open market. According
Wintershall to Sell Shares in VNG
Wintershall, Germany’s largest internationally active crude oil and natural gas producer, is planning to divest its shareholding in the Eastern German company Verbundnetz Gas AG (VNG) as part of its strategy to concentrate on the upstream sector. An agreement, which was reached on March 14, 2014, wi
DSME Bags Ice-Class LNG Tanker Order
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has secured a US$316 million (339.3 billion won) order from Sovcomflot to build an ice-class LNG tanker to transport liquefied natural gas produced at the Yamal LNG project in Russia, DSME said in a filling to the stock exchange. DSME pla
South Hook to Get LNG Cargo This Week
UK’s South Hook liquefied natural gas terminal is expected to receive a cargo of LNG on March 22, port data reveals. The Al Kharsaah LNG tanker, with a capacity of 214,198 cubic metres, is transporting the cargo from Ras Laffan, Qatar. The South Hook terminal can process 15.6 million tonnes of LNG a
Top News of The Week March 10-15, 2014
Chevron: Gorgon LNG Project 78 Percent Complete Chevron said on Tuesday that the company’s US$54 billion Gorgon LNG project in Australia is 78 percent complete, with 65 percent of the LNG already committed under long-term contracts. Hawaii Gas Gets LNG Approval Macquarie Infrastructure Company said
MAN Prefers Power-to-Gas as Alternative to New Power Lines
The construction of a new north-south electric power line is being extensively discussed in Germany. “Against this background we are, like many other people, also asking ourselves the question of whether there is really no alternative to expanding the power grid in this way,” says Georg Pachta-Reyho
Greystone Group, Redcliff Energy Form Consulting Company
Greystone Group and Redcliff Energy Advisors announced that they have created a consulting alliance firm. Greystone Group focuses on reservoir engineering and the exploration of gas and oil sources. Similar to the Greystone Group, Redcliff Energy is also an energy firm that works with gas and oil so
GE Inaugurates Oil and Gas Facility in Hungary
GE said it has opened its newly expanded oil and gas facility in Fót, Hungary. The GE Oil & Gas manufacturing plant has been substantially enlarged with the addition of a new 8,000 square meter manufacturing facility and a new office building of 3,000 square meters. The new manufacturing base will p