NOVATEK announced today that the Annual General Meeting of Shareholders has approved the election of new members to the Board of Directors. The following members were elected to the Board of Directors: Andrei I. Akimov: Chairman of the Management Board of Gazprombank; Burckhard Bergmann: Board Membe
The I.M. Skaugen Group (IMSK) achieved a pre-tax result for 1Q13 of USD25.1 mill, compared to USD0.1 mill in 1Q12. EBITDA was USD3.6 mill for 1Q13 compared to USD5.5 mill in 1Q12. PERFORMANCE 1Q-2013 The performance of gas transportation activity was disappointing in the first quarter of 2013. A num
Gazprom’s Board of Directors approved the acquisition of a 92.25 per cent stake in Kamchatgazprom from Rosneftegaz. According to the terms of the deal agreed upon with Rosneftegaz the shares of Kamchatgazprom will be purchased for RUB 2.85 billion. Gazprom will be offered the opportunity of making i
Eni, the international oil and gas company, today announced its group results for the first quarter of 2013. Financial Highlights 2 Adjusted operating profit: €3.79 billion, down 36% excluding Snam contribution to the first quarter of 20123; Adjusted net profit: €1.43 billion, down 39% excluding Sna
In accordance with an EU regulation, the European network transmission system operator for electricity and gas, ENTSOG, have presented their Ten Year Network Development Plan, TYNDP. The aim of the TYNDP is to provide an overall picture of the European infrastructure and to identify potential gaps i
During Gas Week in the European Parliament, gas infrastructure companies GRTgaz (France) and Swedegas (Sweden) joined the initiative by Gasunie (The Netherlands), Energinet.dk (Denmark) and Fluxys Belgium (Belgium) to deliver a carbon neutral gas supply by 2050. In signing the common commitment, the
Fluxys LNG N.V./ S.A. has awarded to the engineering and construction group SENER a turnkey project for the extension of the liquefied natural gas (LNG) terminal in the Zeebrugge Port, 20 km away from Brugge (Belgium). SENER will carry out this project as part of the TS LNG joint venture, formed by
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Phung Dinh Thuc, Chairman of the Board of Directors of Petrovietnam State Oil and Gas Corporation. Special attention was paid to the companies’ potential cooperation in t
PIRA Energy Group believes that 2Q13 LNG demand will attract different types of buyers. In the U.S., growing proved natural gas reserves tally likely fell for the first time in over a decade in 2012. In Europe, changing Norwegian gas flows could alter supply risks. Specifically, PIRA’s analysis of n
Excelerate Energy LLC launches a preparation of engineering works for LNG Terminal National Project. The service agreement was signed on April 16, 2013 in Houston (US) between the “LNG Terminal National Project” State-owned Enterprise and Excelerate Energy LLC, a global market leader of FSRU. “The U
Gas infrastructure company N.V. Nederlandse Gasunie achieved solid results in 2012. Net profit over 2012 amounted to € 359 million, with an invested capital of € 8,675 million. Gasunie’s sole shareholder, the Dutch State, will receive a dividend payment of € 215 million. Operational activities in th
Royal Vopak has decided to expand its terminal in the port of Vlissingen (the Netherlands) with 36.800 cbm. There is a growing interest and market commitment for additional pressurized storage capacity at Vopak Terminal Vlissingen. With this expansion the terminal can continue to be the leading LPG
The Gazprom Board of Directors took notice of the information about the progress with preparing proposals on updating the Gazprom LNG Production and Supply Strategy. In March 2008 the Gazprom LNG Production and Supply Strategy was approved. In October 2012 the Board of Directors made a decision to u
Höegh LNG has executed a Time Charter with Gas Natural for LNG Libra. The vessel is a 126,000 cubic meter LNG carrier with steam turbine propulsion scheduled to be delivered to Gas Natural in Trinidad end of May 2013, after having completed a scheduled dry docking in Brest, France. The firm period o
