Yesterday, the project on the establishment of an infrastructure for liquefied natural gas in Northern Europe has published its results. Liquefied natural gas (LNG) is a climate- and environmentally friendly fuel that is to be made competitive through an effective infrastructure and good framework c
Golar LNG reported consolidated net income of $15.2 million and consolidated operating income of $27.8 million for the first quarter of 2012. Highlights – Golar LNG increases quarterly cash dividend by $0.025 cents to $ 0.35 cents per share – Golar raises $250 million through a convertible bond tran
Nord Stream started today the first of two all-important underwater tie-ins of its second gas pipeline through the Baltic Sea. In this complex two-week-long offshore operation, two of the pipeline’s three sections will be joined together 80 metres underwater inside a hyperbaric welding habitat on th
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Wang Dongjin, Vice President of the China National Petroleum Corporation (CNPC) had another round of commercial talks. “The meeting discussed a wide range of issues related to arranging Russian pipeline gas and LNG supplies
BG Group of UK today announced it had signed a definitive binding agreement with Cosan S.A. Indústria e Comércio for the sale of the Group’s entire 60.1% holding in Comgás for Brazilian reais 3.4 billion in cash, or approximately $1.7 billion. In addition, the transaction will reduce debt on the BG
Belgium’s Zeebrugge liquefied natural gas terminal re-exported an LNG cargo yesterday, according to shipping data. The cargo is being hauled by the Methania, a 131,000 cubic-meter tanker, and it is sailing to Bahia Blanca in Argentina. Fluxys, the operator of the terminal, said that it has unloaded
Repsol of Spain said that its Board of Directors approved the 2012-2016 Strategic Plan. At the same time, and to aid the execution of the Strategic Plan and with the focus on its future vision, Repsol’s Board unanimously approved a proposal submitted by the Chairman with the prior report issued by t
BP of UK, the operator of the Shah Deniz natural gas field in Azerbaijan, expressed its commitment to developing the Trans Adriatic Pipeline (TAP) as the southern gas transportation route into Europe. Speaking at the BP Forum in Berlin, on Thursday, Iain Conn, Chief Executive Refining and Marketing
On 22 May LNG tanker Grand Aniva replenished fuel supplies in the Russian port of Nakhodka and became the first gas carrier to perform bunkering operation in Russia. Previously only oil tankers of Sovcomflot entered this port. Gas tankers working for the Sakhalin-2 project usually took the bunker in
Shell is in talks to join Russia’s Shtokman project, Reuters reported, citing unnamed sources. “Talks regarding Shell’s participation in Shtokman are under way … There are different project configurations under discussion now but Gazprom will keep a 51 percent stake,” a source close to the Shtokman
Höegh LNG has through its 50/50 joint venture company Methane Carriers Ltd. signed an agreement with Gas Natural Aprovisionamientos SDG (Gas Natural) for an extension of the time charter for the 87,000 m(3) LNG carrier Norman Lady at improved commercial terms. The agreement is for further trading fo
FLEX LNG today reported results for the first quarter of 2012. The Group’s cash balances at 31 March were $11.6m ($6.5m) with $3.2m net outflow ($3.4m) in the quarter. In the three months in 2012 the operating cash outflow was $3.6m (principally the operating loss and working capital movements); and
The Bu Samra LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal on June 1, 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 cubic me
The Gazprom Management Committee took notice of the information about the status of the Bovanenkovo field pre-development on the Yamal Peninsula as well as the Bovanenkovo – Ukhta gas trunkline system (GTS) construction. By now, 131 pre-development facilities have been put onstream at the Bovanenkov
