BG Group of UK said that it has secured a $1.8 billion loan from the Export-Import Bank of the United States (US Ex-Im). The loan, which marks further progress in the Group’s funding diversification plans, is also designed to support the export of US services and equipment for the ongoing delivery o
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar onboard the 145,702 cbm Al Thakhira on January 12, according to the Zeebrugge Port Authority. Fluxys, the operator of the terminal, unloaded 70 carriers at the Zeebrugge LNG terminal last year. The Ze
The Lijmiliya LNG carrier, with a capacity of 263,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar today, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billion
Fluxys SA said that it has reached an agreement with Endesa and Iberdrola for Fluxys to acquire their stakes in Medgaz, owner and operator of the subsea pipeline flowing gas from Algeria into Spain. Fluxys expects to close both transactions in the first half of 2013. Prior to closing, the transactio
NOVATEK announced today the acquisition of an 82% participation interest in the share capital of OOO Gazprom Mezhregiongas Kostroma for a total consideration of RR 554 million. Gazprom Mezhregiongas Kostroma supplies natural gas to a wide range of consumers in the Kostroma Region (the “Region”). In
Gazprom and NOVATEK have extended the Memorandum of Cooperation signed this April until February 1, 2013. According to the document, Gazprom and NOVATEK address possible establishment of joint ventures to build up integrated capacities on liquefied natural gas (LNG) production on the Yamal Peninsula
Eni and GazpromExport held today in Moscow a working session on their gas contracts. The parties will meet again in January to continue the discussion. Eni has been present in Russia since 2007 and currently produces 19,000 boepd from the Samburskoye field. [mappress] LNG World News Staff, December
The Trans Adriatic Pipeline (TAP) and the Greek government formally initiated the process to conclude the Host Government Agreement that will govern the group’s investment. At 1.5 billion Euros, this is expected to be the single largest current Foreign Direct Investment (FDI) in Greece. TAP is compe
The Gazprom headquarters hosted a working meeting between Vitaly Markelov, Deputy Chairman of the Company’s Management Committee and Heinz Bauer, owner of BAUER COMP. During the talks the BAUER COMP experts made proposals regarding organizational arrangements for co-production of compressed natural
New research by BritainThinks reveals that local residents in Fylde, Blackpool and West Lancashire are feeling more knowledgeable about shale gas, and more supportive of continued exploration in their local area to understand the potential for shale gas in the UK. The results follow last week’s anno
Novatek is supposed to provide liquified natural gas from their plant on the Yamal peninsula, according to Vedomosti daily business newspaper, and they expect to sign contracts for the LNG supply in the second quarter of 2013. Novatek lost their key client, Inter RAO, to Rosneft earlier this year, a
Naftogaz signed the USD 3.656 billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas. The contrac
Rosneft signed two loan agreements with a group of international banks for the total amount of U.S. $16.8 billion to finance the acquisition of 50% stake in TNK-BP from BP. Pursuant to these loan agreements, Rosneft obtains a 5-year loan of U.S.$ 4.1 billion and a 2-year loan of U.S.$12.7 billion fr
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Dusan Bajatovic, Director General of state-owned Srbijagas. The parties discussed the issues of bilateral cooperation in the energy sector and long-term natural gas supplies. T
