Alexey Miller, Chairman of the Gazprom Management Committee and Paul van Gelder, President of Gasunie signed a Memorandum of Understanding on Strategic Cooperation as part of the 16th Annual General Meeting (AGM) of the European Business Congress (EBC). The document sets forth the key areas of inter
Golar LNG said its net revenue for the first quarter of 2013 was lower at $105.5 million against $107.5 million for the fourth quarter 2012. This primarily reflects offhire for the Golar Spirit which continued its scheduled drydocking until February 26, 2013. Mitigating this, the Golar Maria, which
The understructure for the second LNG jetty in the outer port of Zeebrugge has recently been completed. The construction was realized by contractor MBG from Wilrijk. The completion of these works introduce the next step in the development of the jetty, the realization of the superstructure. With the
Awilco LNG of Norway, owner of three 125,000 cbm LNG vessels, reported freight income of MUSD 14.6 in the first quarter of 2013, compared to MUSD 13.8 in the previous quarter. The increase was due to the effect of gross presentation of the charterer’s consumption of bunkers during WilEnergy’s single
Maersk Tankers exits its VLGC segment by selling the fleet to the BW Group. The BW Group buys Maersk Tankers five owned vessels and takes over the five existing time charter commitments. The divestment is part of Maersk Tankers strategy to focus on fewer segments. Hanne B. Sørensen, CEO Maersk Tanke
During the second day of the ‘Construction & Shipping Industry’ trade fair in Gorinchem two major players in inland shipping have signed an collaboration agreement and revealed the first product of their collaboration, an innovative ship design for the first inland LNG carrier. This new tanker has a
NOVATEK of Russia approved the extension of the share buyback program until 7 June, 2014, keeping the size of the program and other terms unchanged. According to NOVATEK’s Chairman of the Management Board, Leonid V. Mikhelson, “The decision to extend the buyback program reflects our confidence in su
On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted the Press Conference “Gas Supply to Domestic Market. Executing Russian Regions Gasification Program”. Taking part in the Press Conference was Kirill Seleznev, Member of the Management Committee, Head
The liquefied natural gas terminal in Świnoujście has recorded a 13.6 percent increase in progress of works over the past three months. This means that the construction is almost 60 percent complete. This upward trend also applies to the number of sub-contractors engaged in construction works at the
Light Structures, the leading producer of fiber-optic monitoring technology, has recently released its new Sloshing Monitoring system and announced on Wednesday that it has entered a marketing agreement with GTT, the French technology and engineering company who is the market leader of LNG (Liquefie
The gas contract between Ukraine and Russia can be altered only by means of negotiations in which the current authorities have been up to for the three years. Prime Minister Mykola Azarov stressed during a session of the Cabinet of Ministers on Wednesday. “I want with all responsibility to declare:
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 65th session from 13 to 17 May 2013, at IMO Headquarters in London. The Committee made significant progress in its work on further developing energy-efficiency regulations; adopted an MEPC
Perth based Eden Energy has executed a conditional Heads of Terms to sell its entire UK coal seam methane and shale gas portfolio for £10.061million to be satisfied by a cash payment of £750,000 and with the balance to be paid in fully paid ordinary shares in presently unlisted UK public company Sha
Eni and Sonatrach have agreed on a package solution for 2013 and 2014 within the framework of their commercial discussions under the existing gas contract. As part of the Agreement, Eni and Sonatrach will reduce certain quantities of the contractual gas volumes delivered into Italy. This agreement i
