Effects comparable to those brought about by Poland’s accession to the European Union, including a 0.8 pp contribution to national GDP, 510 thousand new jobs and some PLN 87bn in additional tax revenues, are among possible benefits which the developing shale gas industry may offer the country’s econ
With the establishment of LNG Solutions, GDF SUEZ is introducing a total LNG solution on the Dutch market. The new company helps transport and shipping companies in the Netherlands to make the switch from (marine) diesel to the more environmentally-friendly and less expensive LNG. LNG Solutions – ma
The Danish consulting company Ramboll Oil & Gas A/S has finalised a preliminary feasibility study of the Tallinn LNG terminal project, developed at the port of Muuga. According to the study, the total investment required to construct the Tallinn terminal would be approximately one third less than th
Russian gas giant Gazprom said its net sales of gas decreased by RUB 148,479 million, or 17%, to RUB 721,490 million in the three months ended March 31, 2012 compared to the three months ended March 31, 2011. For the three months ended March 31, 2012 net sales of gas to Europe and other countries [&
Linde AG has yesterday placed EUR 1 bn of senior notes with an 8-year maturity. The bond, with a coupon of 1.75 % issued under the EUR 10 bn EMTN programme, was priced at 35 basis points over MidSwaps. The transaction was three times oversubscribed with huge demand from high quality institutional in
Shell said today that it has signed a contract for the charter of two new build LNG (Liquefied Natural Gas) powered tank barges. These 110 m long barges will operate on the Rhine and will be on charter to Shell from 2013. The new 100% LNG powered barges will not only be a first for […]
Russian gas giant Gazprom said in a statement that its Board of Directors reviewed at a meeting the long-term scenarios of gas production and consumption as well as the measures on increasing Gazprom’s LNG production and supplies to the domestic and foreign markets. The Gazprom Management Committee
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Miguel Galuccio, Chief Executive Officer of Argentina’s national petroleum company YPF. The parties discussed the possibility of arranging liquefied natural gas suppl
MAN Diesel & Turbo has announced the introduction of its L35/44DF engine, the latest addition to its four-stroke portfolio. Première will take place at Hamburg SMM showcase. Spurred on by developments in environmental legislation and the strict emission limits resulting from that, the new engine off
Peru LNG shipped a cargo of liquefied natural gas to Spain yesterday, according to PeruPetro S.A. The cargo is being hauled by the 153,600 cubic-meter STX Frontier, owned by STX Pan Ocean. The Peru LNG Project includes two parts: an LNG Plant with a Marine Terminal from which LNG is sent overseas, a
Efficiency, Innovation and Integration, these were the watchwords for the maritime industry of today and the future at the GL Group’s press conference at SMM 2012 in Hamburg today. The members of the media and industry stakeholders who had assembled for the presentations were first addressed by GL G
Greece’s Foreign Minister, Dimitris Avramopoulos, expressed the Greek government’s commitment to realizing the Trans Adriatic Pipeline (TAP) as the southern gas transport route into Europe at a meeting today with Kjetil Tungland, TAP’s Managing Director, and Michael Hoffmann, External Affairs Direct
For Damen Shipyards, Bosch Rexroth developed and engineered both the hydraulic and electrical systems for the winches of a new tugboat. The Damen ASD Tug 3212 is a newly designed tugboat for assistance activities at offshore LNG and oil terminals and open sea loading stations for the mining industry
The stabilization of CO2 emissions in the shipping industry has been the burning topic at today’s CO2 and Greenhouse Gas Emissions workshop, held within the framework of SMM’s Global Maritime Environmental Congress (GMEC) in Hamburg, Germany. “The CO2 emission is a wide concern”, Torsten Schram, COO
