NOVATEK announced the closing of its four-year rouble denominated Eurobond issue in an aggregate amount of RR 14.0 billion. The annual coupon rate is set at 7.75% with coupons payable semi-annually. The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed our first rouble deno
Ophir Energy announced two changes to its Board effective immediately. Bill Schrader has been appointed as Non-Executive Director to the Board. Mr Schrader has over 25 years’ experience at BP, including as country head of Indonesia and Angola. Mr Schrader was also President of BP’s joint venture in
Enagás, via its subsidiary Enagás Transporte S.A.U, has completed the acquisition of 90% of Naturgas Energía Transporte, as announced in July, for the sum of €245Mn, following certain modifications during negotiations. The company will be called Enagás Transporte del Norte. The Basque Government wil
Klaipedos Nafta of Lithuania said it has reopened bidding for a contract to link an LNG terminal to Lithuania ’s grid after complaints about a previous change of the tender terms. “AB Klaipedos Nafta, executing the obligations, indicated in the letter of 8 February 2013 of the Public Procurement Off
The Ejnan liquefied natural gas carrier, with a capacity of 145,000 cubic meters, is due to arrive in the Zeebrugge LNG terminal on March 9, according to the Port of Zeebrugge website. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is operated by Fl
GAS NATURAL FENOSA of Spain obtained a net profit of 1.441 billion euros in 2012, which is 8.8% higher than in the previous year, despite having a lower contribution from capital gains from the sale of assets that took place in the previous period. Consolidated EBITDA totalled 5.080 billion euros in
Rotterdam will be the first port in the world to reward ocean-going LNG tankers which possess the Green Award certificate. The Port Authority will give these ships 6% discount on port dues when they arrive in Rotterdam. LNG tankers have arrived in Rotterdam since the opening of the Gate terminal in
Russian gas giant Gazprom said that its Board of Directors has approved the company’s activities within Gazprom’s Development Strategy for Gas Chemical and Gas Processing Facilities. “The meeting noted that increased recovery of valuable components from gas (ethane, propane, butane and helium ) and
Galp Energia of Portugal said its gas sales in the twelve months of 2012 rose 17% year-on-year to 6,253 million cubic metres, driven by the increased international LNG trading activity. In the fourth quarter gas sales rose 10% to 1,558 million cubic metres on the back of higher demand for LNG on int
The I.M. Skaugen Group (IMSK) said it has achieved a negative pre-tax result for 4Q12 of USD4.4 mill, compared to a loss of USD1.6 mill in 4Q11. EBITDA was USD2.5 mill for 4Q12 compared to USD2.3 mill in 4Q11. The preliminary pre-tax result for 2012 was a loss of USD15.8 mill, compared to a loss [&h
According to Russia’s energy minister, Zarubezhneft has expressed its desire to take part in oil and gas projects in Iran. Iran has invited Russian companies to take part in developing some of its oil and gas fields, Energy Minister Alexander Novak said. Iran’s Foreign Minister Ali Akbar Salehi and
“Time Out” on LNG Exports Sought from Obama Administration, USA In a major issue advertisement appearing in New York Times, more than 40 groups and high-profile individuals are calling on President Obama to take a “time out” in the headlong run to export more than 40 percent of America’s natural gas
In its 4th edition, The World Onshore Pipelines Market Forecast 2013- 2017 from Douglas-Westwood, considers the prospects for this global business and values the future markets through to 2017 by key component, region, pipeline type and diameter. Over the past decade, persistent increase in energy d
The Methania liquefied natural gas carrier, with a capacity of 145,702 cubic meters, is due to arrive in the Zeebrugge LNG terminal on February 19, according to port data. The liquefied natural gas carrier will load in a re-export cargo and depart from the Zeebrugge terminal to Spain on February 20.
