Clean Fuel
Shah Deniz Makes Stage 2 FID
The Shah Deniz consortium announced the final investment decision for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea, offshore Azerbaijan. This decision triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas P
Sovcomflot Secures Funds for LNG Newbuildings
Russia’s Sovcomflot said that it has signed a new USD 316 million 10 year credit facility with a consortium of three leading international banks: ING Bank N.V. (ING) of the Netherlands; KfW IPEX-Bank GmbH (KfW) of Germany and Sumitomo Mitsui Banking Corporation (SMBC) of Japan. The funds will be use
Two LNG Tankers Dock at Gate Terminal
On Saturday something unique happened at the Gate terminal in Rotterdam. For the first time, two LNG carriers were moored at the same time in the Nijlhaven. The presence of the Ben Badis and Arctic Aurora is representative of a striking recovery in LNG throughput in Rotterdam. Due to the massive dem
GDF Suez, Partners Begin GTT IPO Process
GDF Suez, Total and private equity firm Hellman & Friedman have started the process of listing the shares of Gaztransport & Technigaz (GTT), the world’s largest maker of storage tanks for LNG tankers, on the Paris stock market. GTT said on its website that it has registered its “Document de Base” wi
DNV GL Launches New Global Brand
“In defining our new identity as DNV GL, our company’s vision of making a ‘global impact for a safe and sustainable future’ has never been more relevant than it is today,” says Henrik O. Madsen, President & CEO, DNV GL Group. “The new brand that we launch today reflects our broader service offering
Gazprom Strengthens Position in International NGV Markets
The Gazprom Management Committee took notice of the information about the company’s efforts aimed at expanding natural gas use as a vehicle fuel abroad. The meeting noted that the main advantages of natural gas as a fuel were its environmental friendliness, economic efficiency, reliability and produ
Knutsen Orders ME-GI Engines from MAN
Knutsen OAS Shipping has placed an order for 2 × 2 7G70ME-GI engines in connection with the building of two 176,300 m3 capacity LNG carriers. The specified engines are also based on MAN Diesel & Turbo’s new, ultra-long-stroke, G-type concept to deliver an even higher, overall propulsion plant effici
Chevron, PGNiG to Cooperate on Shale Gas Exploration in Poland
Polskie Górnictwo Naftowe i Gazownictwo SA and Chevron Polska signed a Memorandum of Understanding on the terms of their potential collaboration on shale gas exploration projects in south-eastern Poland. The initiative is part of PGNiG’s new policy of openness to opportunities that might come from w
Enagas: Spain Gas Demand Sets New Record
Enagás said that temand for natural gas in Spain set a new annual record of 1,440 GWh, which topped the previous two highs of 1,429 GWh and 1,427 GWh set on 2 December and 28 November, respectively. This record was due to greater demand for natural gas for electricity generation, which also set a ne
Gazprom, Enagas Discuss LNG Supplies to Europe, Latin America
Gazprom’s Chairman Alexey Miller met in Moscow with CEO of Enagas Marcelino Oreja where they discussed cooperation in liquefied natural gas supplies, particularly from the Baltic LNG project to the European and Latin American markets. The meeting noted that Spain had a potential to become one of the
FX Energy Starts Gas Production in Poland
FX Energy reported that the Lisewo gas facility in Poland is now producing gas. Gas produced at the Lisewo-1 well is the first to be processed from the new facility. The Lisewo-1 well initial rate is approximately 5 million cubic feet per day gross. The new facility will also service two other disco
John Wood Group Issues Trading Update
John Wood Group issued pre-close trading update for the year to 31 December 2013. The group has delivered good growth in 2013 and is confident of achieving performance for the year in line with expectations. In 2014, the mix of opex and capex activities in business and the contribution from complete
Dynagas LNG Net Income Up
LNG tanker operator Dynagas LNG said its net income was $11.9 million for the third quarter of 2013, compared to $6.7 million in the same period of 2012, representing an increase of 78.6%. Operating income was $14.1 million for the third quarter of 2013 compared to $9.3 million for the same period i
BOC, Stobart Open LNG Refuelling Station (UK)
BOC, the UK’s largest supplier of compressed and liquefied gases, and logistics specialists Stobart Group welcomed Jon Horsley lead technologist, low carbon vehicles, from the UK’s innovation agency the Technology Strategy Board to Eddie Stobart’s new LNG refuelling station near Warrington, Cheshire