Clean Fuel
Top News of The Week September 23-29, 2013
GE Expands Small-Scale LNG Business (USA) In connection with its recent acquisition of substantially all the assets of the Salof Companies, GE Oil & Gas announced that it has completed its acquisition of a 50 percent ownership interest in Beijing enCryo Engineering Co., Ltd., a Beijing-based joint v
EIA: Multiple Factors Push Western Europe to Use Less Gas
In contrast to the United States, natural gas consumption in OECD-Europe has been generally declining since 2011, and coal consumption has been generally increasing. A confluence of supply and demand factors, in both the natural gas and coal markets, as well as other economic constraints, have contr
CB&I, Foster Wheeler Score Russian Far East LNG Contract
Rosneft and ExxonMobil selected CB&I UK and Foster Wheeler Energy as contractors for initial phase front end engineering and design (FEED) for a proposed Russian Far East liquefied natural gas project. Rosneft and ExxonMobil intend to finalize project design by the end of 2014, including front-end
Russia: Rosneft Buys Oil and Gas Assets from ALROSA
Rosneft agreed to acquire a number of oil and gas assets from ALROSA in Yamalo-Nenets Autonomous Region and in the Republic of Sakha (Yakutia), including 100-percent holdings in CJSC Geotransgaz, Urengoi Gas Company LLC, CJSC Irelyakhneft and the 99.9995 percent stake in OJSC ALROSA – Gas. The agree
AtoBviaC Reviews LNG Trades and Sets New Industry Standards (UK)
With two major LNG conferences taking place this week on opposite sides of the world – the third annual LNG Global Congress in London and the World LNG Series Asia Pacific Summit in Singapore – AtoBviaC, the specialist maritime route provider, has carried out a thorough review of all LNG trades to e
President: Ukraine Plans to Increase Gas Production
Ukraine continues to work over diversification of its energy supply and is willing to achieve energy independence in the future. It was stated by the President, Viktor Yanukovych, in the course of his conversation with media representatives in New York. “We want to build our economy on our own energ
BlackRock Decreases Equity in Wartsila (Finland)
BlackRock informed Wärtsilä that it has sold Wärtsilä shares on 25 September and now owns less than one twentieth (1/20) of the company’s votes. Following the transaction BlackRock owns 9,824,523 shares or 4.98% of Wärtsilä’s share capital and total votes. [mappress] LNG World News Staff, September
VIDEO: First Transshipment from Montoir LNG Terminal, France
GDF SUEZ posted a video showing the first transshipment from the Montoir LNG terminal. As previously reported, on August 7, Elengy and the Port of Nantes Saint-Nazaire successfully completed their first transhipment of liquefied natural gas (LNG) between two high-capacity LNG carriers, the Ben Badis
Praxient Capital Acquires Flex LNG Shares, UK
Praxient Panther Master Fund, managed by Praxient Capital, has acquired 201,459 ordinary shares in Flex LNG . After this acquisition Praxient Panther Master Fund has a total holding of 6,457,822 shares in FLEX representing 5.11% of the total shares in issue. Praxient Capital LLP through its funds af
Putin: Yamal LNG Investment Exceeds RUB 60 Bln
President of Russia Vladimir Putin chaired a meeting on creating modern facilities for the production of liquefied natural gas on the Yamal Peninsula – the Yamal LNG project – and building the Sabetta seaport. The meeting was attended by Chief of Staff of the Presidential Executive Office Sergei Iva
The Netherlands: Shell Issues New Shares
LNG player Royal Dutch Shell said that it has issued 39,065,291 A Ordinary shares in relation to the scrip dividend programme for the second quarter 2013 interim dividend. Following this issue and the cancellation of shares previously bought back and announced, the total number of A shares in issuan
Russia: Gazprom Board Approves Investment Policy
The Gazprom Board of Directors approved the company’s current investment policy. The Board of Directors noted that Gazprom was among the world’s largest players in the energy market and the absolute leader among Russian oil and gas companies in terms of investments. In 2012 Gazprom Group’s capital i
Russia: Rosneft, Fortum Sign Gas Supply Accord
Rosneft and Fortum have signed a cooperation agreement on additional gas supplies. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and Fortum CEO Alexander Chuvayev. Under the document signed, by December 10, 2013 the parties will agree terms of the gas
GTT Takes Part in NEVA 2013, Russia
Every two years, St. Petersburg is the place to be for stakeholders involved in the Russian maritime industry. The NEVA exhibition provides a unique opportunity to meet the shipping, shipbuilding and offshore energy top executives during four days of intensive technical and business meetings. GTT, t