Clean Fuel
Poland, Slovakia Execute Gas Interconnection Agreement
The Governments of Poland and Slovakia executed on Friday a cooperation agreement regarding the support of implementation of the Poland-Slovakia interconnection project. Interconnection of both natural gas transmission systems will be a major element of the regional gas infrastructure expansion unde
Construction Starts on Serbian Section of South Stream
Serbia hosted the ceremony of welding the first joint of the Serbian section of the South Stream gas pipeline. The ceremony took place in the vicinity of Sajkas village, South Backa District. Taking part in the event via video link from the Palace of Serbia in Belgrade were Alexey Miller Chairman of
Iveco Stralis LNG Wins European Transport Award for Sustainability
With its Stralis LNG, Iveco has received the “Europäischen Transportpreis für Nachhaltigkeit“, a European transport award for sustainability. The decision was made by a top-level jury that included representatives from the transport industry, the German Association of the Automotive Industry (VDA),
LNG Leo Docks at Gate Terminal in Rotterdam
One of the world’s oldest sailing tankers, LNG Leo, has docked at the Dutch Gate terminal on Friday, the Port of Rotterdam said in a statement. After a difficult start in 2013, the Rotterdam port currently handles one LNG tanker weekly. The port authority rewards seagoing LNG tankers holding the Gre
Gasrec Secures EU Funds for Bio-LNG Filling Stations
Gasrec has secured £4.9 million of European funding. The organisation will use the grant to develop a ‘pilot network’ of five new Bio-LNG filling stations across the UK motorway network and to provide a ‘pilot study’ on the development of similar sites and networks across mainland Europe. The initia
Rosneft Approves Kharampur Gas Field Business Plan, Russia
Rosneft has approved a document titled “The integrated project for the development of gas reserves (Cenomanian PK 1 and Turonian layers) of the Kharampur field.” The development of the Kharampur gas field is an important step forward in implementation of the company’s Gas Strategy in a bid to raise
Belgium: Saverex to Sell Exmar Shares
EXMAR saidi it has been informed that SAVEREX intends to sell existing shares of EXMAR for an amount of up to EUR 45 million through a private placement conducted by way of an accelerated bookbuilding. SAVEREX is a private company, based in Antwerpen and controlled by Nicolas Saverys, CEO of EXMAR.
Statoil CEO Says Fossil Fuels to Be Dominant Part of Energy Mix for Decades
We have to live with fossil fuels as the dominant part of the energy mix for decades,” says Statoil’s President and CEO Helge Lund at the 2013 Autumn Conference. “The big question is therefore how to make production cleaner than today, and make consumption more efficient. This is not simply a task f
Gazprom to Complete Kaliningrad LNG Terminal by 2018
Led by Alexey Miller, Chairman of the Gazprom Management Committee, a meeting dedicated to increasing the security of gas supply to the Kaliningrad Region took place in the company’s headquarters. It was pointed out that Gazprom was performing large-scale activities aimed at securing reliability and
Qatari LNG Bound for UK
The Mozah LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on November 30, port data shows. The South Hook LNG terminal, a part of the Qatargas 2 integrated Value Chain, is one of the largest LNG re-gasification terminals in Europe and
Exmar Preparing SEC Submission of Initial Registration Statement for MLP
Exmar announced that it expects to confidentially submit to the United States Securities and Exchange Commission (SEC) the first draft registration statement for Exmar Energy Partners (MLP). The initial public offering of the MLP’s common units is expected to commence after the SEC completes its rev
Top News of The Week November 18-23, 2013
USA: DOE Approves Additional Exports from Freeport LNG Terminal The U.S. Energy Department (DOE) said that it has conditionally authorized Freeport LNG Expansion FLNG Liquefaction to export additional volumes of domestically produced liquefied natural gas (LNG) to countries that do not have a Free T
Klaipedos Nafta Selects Nordea Bank to Provide Bank Guarantee for FSRU Lease
Klaipedos Nafta has selected Nordea Bank Finland to provide a bank guarantee intended to secure performance of the agreement concluded on 2 March 2012 by the company and Höegh LNG for lease of the floating storage and re-gasification unit. “During implementation of the Procurement 3 final tender off
UK: FLEX LNG Posts Q3 Results
FLEX LNG said its cash balances at 30 September were $3.2m (2012: $7.7m) with $0.7m net outflow (2012: $1.8m) in the quarter and $3.0m (2012: $7.1m) year to date. In the nine months in 2013 the operating cash outflow was $3.0m (principally the operating profit after excluding the non cash and workin