Clean Fuel
Foster Wheeler Secures Russian Far East LNG Contract
Foster Wheeler announced that a subsidiary of its Global Engineering and Construction Group has been selected by Rosneft and ExxonMobil to undertake the initial phase of the front-end engineering design (FEED) for a proposed Russian Far East liquefied natural gas (LNG) project. Foster Wheeler is one
LNG Yenisei River Rescues Four Sailors in Mediterranean
One of Gazprom Marketing & Trading’s (GM&T) newest time-chartered LNG vessels, ‘Yenisei River’, rescued four sailors after their yacht began flooding off the French coast on 30 October. The Dynagas-owned 155,000-cbm newbuild, which was delivered to GM&T in July, braved moderate to rough seas to go
The Netherlands: LNG Greenrhine Wins KNVTS Ship of the Year Award 2013
Staff and managers at Alewijnse Marine Systems are celebrating the success of the first of twin innovative LNG Greenstream tankers at the 16th Maritime Awards Gala that took place on the 31st of October 2013. The award of the KNVTS Ship of the Year Award to the Greenstream tanker marks the fifth yea
Gas Natural Fenosa Buys Long-Term LNG from Yamal (Russia)
JSC Yamal LNG and GAS NATURAL FENOSA announced the conclusion of a long-term contract for the supply of 2.5 million tons of liquefied natural gas (LNG) per annum, which is equivalent to 3.2 billion cubic meters of natural gas. Natural gas will be supplied from the South-Tambeyskoye field located on
Gazprom, SIBUR to Build Gas Processing Complex in Russian Far East
Alexey Miller, Chairman of the Gazprom Management Committee and Dmitry Konov, Chief Executive Officer of SIBUR signed today at the Gazprom headquarters a Memorandum of Cooperation while constructing a gas processing plant and a gas chemical complex in Belogorsk, Amur Region. According to the documen
ICIS to Launch Assessment for LNG Reload Cargoes from Spanish Terminals
ICIS, a price reporting agency and provider of market intelligence for global energy and chemical markets, is set to launch the natural gas industry’s first assessment for liquefied natural gas (LNG) cargoes offered on a re-load, free on board (FOB) basis from Spanish LNG terminals. The number will
Construction Starts on Bulgarian Section of South Stream
The Rasovo compressor station site in Bulgaria hosted today a ceremony of welding the first joint of the Bulgarian section of the South Stream gas pipeline. Taking part in the event via video link from the building of the Bulgarian Council of Ministers in Sofia were Alexey Miller, Chairman of the Ga
NGVA Europe Promotes LNG for HGVS at TEN-T Days in Estonia
Held 16-18 October in Tallinn (Estonia), the TEN-T Days 2013 attracted around 1,200 participants to the various venues in the Estonian capital. The event, which saw the participation of 50 TEN-T exhibitors coordinated by the TEN-T EA, carried the title of “On the road to the new TEN-T” and aimed at
Technip Revenues Climb, France
Technip said its revenue in the third quarter of 2013 rose 15.6% to €2.4 billion, compared to the same period a year ago. THIRD QUARTER 2013 RESULTS Order intake of €3.1 billion Backlog increased to €15.9 billion, of which €8.0 billion in Subsea Revenue of €2.4 billion Operating margin1 of 9.2% Net
Total: LNG Sales Rise 2 Pct in Q3 (France)
Total of France said its LNG sales in the third quarter of 2013 rose 2 percent to 2.94 million tonnes, compared to the same period last year. The company’s LNG sales in the January-September period totalled 8.77 million tonnes. Adjusted net income was 2,716 M€ in the third quarter 2013 compared to 3
UK: BG LNG Profit Down 12 Pct
BG of UK said its LNG Shipping & Marketing total operating profit decreased 12% to $602 million in the third quarter of 2013, as the impact of fewer cargo deliveries and reduced margins was partly offset by lower hedging losses. During the quarter, BG Group delivered 44 LNG cargoes, six fewer than i
Eni CEO Meets President of Ukraine
The President of the Republic of Ukraine, Viktor Yanukovych, and the Chief Executive Officer of Eni, Paolo Scaroni, met in Kiev to discuss about Eni’s projects in the country. During the meeting, Paolo Scaroni confirmed to the President of the Republic of Ukraine his interest in developing activitie
Shell Q3 LNG Sales at 4.88 Million Tonnes
Shell said that the company’s equity LNG sales volumes of 4.88 million tonnes for the third quarter 2013 were 2% lower than in the same quarter a year ago. Shell-share Nigeria LNG volumes were some 0.28 million tonnes lower in the third quarter 2013 due to reduced feedgas supply, as a result of the
PIRA: European LNG Needs to Play Central Role in Asian Spot Pricing This Winter
PIRA Energy Group believes that European LNG needs to play a central role in Asian spot pricing this winter. In the U.S., slower storage draws in the upcoming heating season. Asian demand was revised higher for the fourth quarter. Specifically, PIRA’s analysis of natural gas market fundamentals has