The Gazprom headquarters hosted the Press Conference “Gas Export and Enhancing Reliability of Gas Supply to Europe” organized within the series of meetings among Gazprom’s top executives and media representatives on the threshold of the Company’s annual General Shareholders Meeting. Taking part in t
Albania, Bosnia and Herzegovina, Croatia and Montenegro signed a Memorandum of Understanding for the support and cooperation in the realisation of both the Trans Adriatic Pipeline (TAP) and Ionian Adriatic Pipeline (IAP) projects. The MoU welcomes interconnection of TAP and IAP, which would allow Ca
PIRA Energy Group reports that Korea’s nuclear problem halted the spot LNG price decrease. In the U.S., updated fundamentals remained constructive to gas price recovery. In Europe, the risk to gas price is now greater because the market was unable to put much of a dent in the storage deficit in May.
On Tuesday the board of the European Investment Bank adopted a decision to grant to Klaipėdos Nafta a credit of up to EUR 87 mill. for the implementation of the project of liquefied natural gas terminal in Lithuania, Klaipedos Nafta said. The term of the credit – up to 20 years. The financing, provi
A passenger ferry and a container ship, both powered by LNG, took the Nor-Shipping Energy Efficiency Award and Next Generation Ship Award respectively at the exhibition’s Opening Conference yesterday. The Young Entrepreneur Award went to Tor M. Østervold of Norway’s ECOsubsea. The Energy Efficiency
Wärtsilä has further developed its dual fuel technology and introduced a more powerful version of its popular Wärtsilä 34DF engine. The Wärtsilä 34DF engine has proven to be a highly efficient and reliable solution for a wide range of vessel applications. The latest version is expected to expand tha
Rolls-Royce Plc has won a contract to convert the merchant ship Bergen Viking to run on engines powered by natural gas, replacing the current diesel engines. The Norwegian ship owner Bergen Tankers AS has chosen gas engines and accompanying systems from Rolls-Royce for this upgrade, to provide a mor
Offshore oil and gas engineering specialist NLI Solutions (NLI) has developed a concept for a LNG Bunker Barge based on the NLI LNG tank design. The concept has been further developed in a design study together with the Marine division of Rolls-Royce and Wilhelmsen Technical Solutions (WTS). LNG as
With the number of vessels using dual fuel/LNG propulsion systems growing steadily, Autronica Fire and Security is focusing on the importance of gas detection in this sector during Nor-Shipping 2013. LNG as a fuel can provide lower bunkering costs and emissions, in addition to less wear on engines,
Israeli and European investors are interested in financing a planned LNG terminal at the Vasilikos area in Cyprus, Reuters cited Charles Ellinas, head of the island’s national hydrocarbons company (CNHC) as saying. “We have 3 serious financial options to look into. This makes us confident that we ca
Bestobell Valves is celebrating becoming a preferred supplier to Wärtsilä Gas Power Systems (GPS), the global leader in gas power solutions for the marine and energy markets, which is headquartered in Finland. The agreement has come about after Bestobell Valves demonstrated to Wärtsilä GPS over a nu
Rolls-Royce Plc has signed a memorandum of understanding with Spanish shipping company Baleària, to design gas-powered propulsion systems for three of the company’s high-speed ferries, which currently run on diesel. Baleària, which operates ferry services between the Spanish mainland and the Baleari
FKAB, a marine design company, on Monday revealed its new LNG-fuelled FKAB T24-series. The FKAB T24-series are 21 000 m3 tankers for Chemicals (IMO II) and Oil Products, they are designed for low fuel consumption and high cargo capacity in an ECA area trade. The hull form is designed for good perfor
On 13 May, the European Commission (EC) adopted an Action Plan to revitalise the marine and maritime economy in the Atlantic Ocean Area. The Plan intends to show how the EU’s Atlantic Member States (Ireland, France, Portugal, Spain and the United Kingdom), their regions and the Commission can help d
