Clean Fuel
Norwegian Authorities Permit LNG Bunkering with Passengers on Board
The Norwegian Authorities are now prepared to give Fjord Line the permission to bunker it’s new LNG ferries while passengers are on board the ship, the European LNG fuel project MT LNG reports. As a result the ship owner would no longer have to send a large number of LNG trucks to Hirtshals to do th
Repsol Completes LNG Assets Sale to Shell and BP
Repsol said it has completed the sale of liquefied natural gas (LNG) assets with the handover to Shell of assets in Peru and Trinidad & Tobago after the relevant authorisations have been obtained. In October 2013, Repsol sold its stake in Bahía Bizkaia Electricidad (BBE) to BP, which exercised a pur
Top News of 2013
Australia: QGC Provides QCLNG Project Update (VIDEO) QGC, a BG Unit and operator of the QCLNG project, has released a new video showcasing the construction and shipping of modules from Thailand to Curtis Island, where the LNG project is located. VIDEO: From Plant to Plant – The LNG Process Woodside
Happy New Year 2014!
The staff of LNG World News wishes you and your family a happy New Year, filled with prosperity and success! HAPPY NEW YEAR!!!
Gasol Gets Loan Extension
Gasol announced that it has agreed terms with Banque Benedict Hentsch & Cie for the new terms for its maturing convertible loan facility. The facility has been extended by one year to a new maturity date of 30 December, 2014. The remaining 50% of the maturing facility has been repaid from cash. Repa
PGNiG Appoints New CEO
PGNiG of Poland has closed the recruitment procedure and named Mariusz Zawisza as the company’s new president as of January 1st 2014. PGNiG also appointed the following members of the management board: Jerzy Kurella as Vice-President, Trade; Jarosław Bauc as Vice-President, Finance; Zbigniew Skrzypk
Novatek Implements Share Based Compensation Program
NOVATEK announced that Novatek Equity (Cyprus), a wholly owned subsidiary, sold 27 thousand GDRs of NOVATEK as part of the share based compensation and incentive program. The GDRs were sold on the open market during the period 23 to 30 December 2013 from the existing holdings of GDRs that were alloc
Picture of the Day: LNG Bachir Chihani at Damen’s Shiprepair Brest
Damen Shiprepair Brest (France) posted a picture of LNG carrier Bachir Chihani in the company’s dock nr 3. LNG carrier Bachir Chihani was the Damen’s seventh LNG booking for the drydocking, maintenance and repair. The Hyproc Shipping owned and managed vessel arrived at the shiprepair on November 25t
Gaz-System Receives EU Funds for Investment Projects
GAZ-SYSTEM’s subsequent investment projects, i.e. “Lwówek-Odolanów gas pipeline – preparation of project documentation” and “Czeszów-Kiełczów gas pipeline – preparation of project documentation” will receive more than PLN 4.63 million from European Funds – the Operational Programme Infrastructure an
Siem Offshore Orders Four Dual Fuel PSVs
Siem Offshore has entered into shipbuilding-contracts with Remontowa Shipbuilding S.A. in Poland for four dual fuelled Platform Supply Vessels. The vessels shall be of VS 4411 DF design. Siem Offshore has currently two vessels of similar design under construction for delivery in 2014 and 2015, and t
Sterling Resources Restarts Breagh Gas Production
Sterling Resources announced the restart of Breagh production on December 27, 2013. This follows a period of approximately seven weeks shut-in as a result of a significant production incident on November 7th. The investigation into the production incident continues with an expected completion date a
Esrey Energy Buys More Stake in Poland Baltic Basin
Esrey Energy announced the company has entered into a binding agreement to add to its holdings in Poland’s Baltic Basin through the acquisition of additional interest in Saponis Investments. The company and BNK Petroleum Inc. have agreed to acquire the interests of the other two Saponis shareholders
Top News of The Week December 23-29, 2013
Magnolia in Final Stage of Selecting Construction Contractor Liquefied Natural Gas Limited announced that the company’s wholly owned subsidiary, Magnolia LNG, is in the final stages of selecting its preferred engineering, procurement and construction contractor. Picture of the Day: Elba Island LNG T
NIB May Finance Klaipedos Nafta LNG Terminal, Lithuania
The Nordic Investment Bank (NIB) may finance Lithuania’s LNG terminal being developed by Klaipedos Nafta. Projects with potentially extensive environmental impacts are made publicly available by NIB for comment before the bank makes a decision on financing the project. Information on the constructio