Clean Fuel
BG: QCLNG Project on Track, UK
BG Group is hosting a Capital Markets Day for analysts and investors focussing on its world-class exploration business and unique LNG model. In addition, the Group also updates on progress against milestones; operations; and, the delivery of its key growth projects. Operational update All guidance f
Top News of The Week September 2-7, 2013
Australia: INPEX Names New Ichthys MD INPEX, operator of the Ichthys LNG project, has appointed Louis Bon as Managing Director Ichthys LNG Project. Eni Strikes More Gas Off Mozambique Eni of Italy said it has made a new high impact discovery at Agulha exploration prospect, in Area 4, offshore Mozamb
Gazprom, Lithuania Talk Energy Cooperation
Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation paid a visiton Friday to the Republic of Lithuania. In the course of the visit Alexey Miller held negotiations with Lithuanian Prime Minister Algirdas Butkevicius on cooperation in the energy sector. The neg
PIRA: LNG Storage Deficit Shrinks in August
NYC-based PIRA Energy Group reports that the LNG Storage Deficit Shrinks in August. In the U.S., storage is on track to challenge last year’s record high, but plenty of capacity remains available. In Europe, decisions by sellers to market more pipeline gas or by buyers to lift more pipeline gas will
TAP Starts Land Easement and Acquisition
TAP begins its Land Easement and Acquisition (LEA) activities for the 870 km long Trans Adriatic Pipeline (TAP) in Albania, Greece and Italy. TAP has authorized its contractors to start surveys for collecting detailed information on the landowners living along the pipeline corridor to complement the
GasLog Acquires LNG Tanker STX Frontier, Monaco
GasLog said that it has signed a memorandum of agreement to acquire the STX Frontier, a 2010-built, 153,600 cubic meter LNG carrier from STX Pan Ocean LNG PTE, a Singapore based company. The intention is that GasLog will take over the vessel from STX Pan Ocean early in the fourth quarter of 2013 in
Geveran Trading Buys Shares in FLEX LNG
Geveran Trading Co Ltd, which is indirectly controlled by trusts established by John Fredriksen, has on Thursday purchased 9.922.105 shares in FLEX LNG at a price of NOK 5,59 per share. Geveran Trading’s affiliated ownership in FLEX LNG is following this transaction 9.922.105 shares, constituting 7.
Norway: Statoil, ABB Enter Subsea Technology Deal
Statoil and ABB have entered an agreement to develop solutions for subsea electrical power transmission, distribution and power conversion systems for water depths down to 3,000 metres and over long distances. The agreement is in the form of a cost-shared joint industrial programme (JIP) led by Stat
Gazprom, FYR Macedonia Discuss South Stream Project
Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation paid a visit on wednesdayto the Republic of Macedonia. In the course of the visit Alexey Miller held working meetings with Nikola Gruevski, Prime Minister of the Republic of Macedonia and Gjorge Ivanov, Pres
Liquiline Further Strengthens Its Team, Norway
Liquiline, a global gas technology company and independent provider of services and solutions for transporting and storing liquefied gases, announced that Frank Ståle Nilsen has joined Liquiline at the beginning of September as Logistics Coordinator. “We very much welcome Frank Ståle onboard the Liq
Qatar Ships LNG Cargo to Spain
Qatar, the world’s largest LNG producer, shipped an LNG cargo from the Ras Laffan Port to Spain on Wednesday, according to shipping data. The cargo is being carried by the 138,119 cubic-meter Catalunya Spirit, and it is due to arrive at the Huelva LNG terminal on September 22. Huelva is a regasifica
Russia: Novatek and CNPC Conclude Yamal LNG Deal
Russia’s NOVATEK and China National Petroleum Corporation (CNPC) concluded an agreement on purchase of a 20% equity share in the Yamal LNG project. The transfer of title to the equity share is subject to receipt of necessary regulatory approvals and expected to be completed by 01 December 2013. Foll
Italy: Eni to Issue Bonds
Eni has mandated Banca IMI, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs International and ING as Joint Bookrunners for its upcoming fixed rate Euro benchmark size 12 year bond offering under its existing Euro Medium Term Notes Programme. The bond is to be issued within the framework of the Eur
Russia: Gazprom Inks Gas Supply Deal with CNPC
Gazprom’s CEO Alexey Miller and Zhou Jiping, Chairman of CNPC signed on Thursday in Saint Petersburg an agreement outlining the major terms and conditions of pipeline gas supply from Russia to China via the eastern route in accordance with the accords reached previously. All the major terms and cond