As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
Spain’s Bilbao import terminal is scheduled to receive a shipment of LNG from Trinidad next week, according to port data. The cargo is being hauled by the Iberica Knutsen carrier, with a capacity of 130,000 cubic metres, and it is due to arrive at the Bilbao terminal on June 2. Bilbao terminal facil
The Gazprom headquarters hosted a regular meeting of Alexey Miller, Chairman of the Company’s Management Committee and heads of Russian pipe manufacturers. Taking part in the meeting were Deputy Chairmen and Members of the Gazprom Management Committee, heads of the Company’s specialized structural u
UK’s Dragon LNG terminal received a cargo from Nigeria today onbaord the 145,613 cbm Methane Heather Sally, according to shipping data. BG and Petronas between them have contracted for the full capacity at Dragon LNG’s Milford Haven site over the next 20 years. BG owns 50 per cent of Dragon LNG Term
PGNiG SA executed an agreement on its PLN 4.5bn 5-year domestic bond programme with ING Bank Śląski SA and Bank Polska Kasa Opieki SA. The first bond issue under the programme, for an amount of up to PLN 2bn, is to take place before the end of June 2012. Under the 5-year programme, PGNiG will [&hell
Using LNG as ship fuel promises less emissions and, given the tight circumstances, less fuel costs, according to a new study by GL & MAN -“Costs and benefits of LNG as ship fuel for container vessels.” The attractiveness of LNG as ship fuel compared to scrubber systems is dominated by three paramete
Chaired by Vlada Rusakova, Member of the Management Committee, Head of the Strategic Development Department of Gazprom and Marc Florette, Research and Innovation Director at GDF SUEZ, a regular meeting dedicated to the sci-tech cooperation between Gazprom and GDF SUEZ took place yesterday in France.
Total of France said it is keeping its 25% stake in Shtokman project after Russia’s Gazprom said today that it would review the composition of the consortium to develop the Shtokman offshore gas field next month, Reuters reported, citing Total’s spokeswoman. “The target is to successfully conclude t
San Leon Energy, the fast growing oil and gas company with an extensive portfolio of assets across Europe and North Africa, said that it has been awarded the Praszka exploration concession, by the Polish Ministry of Environment, in the Southern Permian/SW Carboniferous Basin of Poland. The Praszka C
GDF SUEZ of France said it has achieved a three-tranche €3billion bond issue: – €1 billion, maturing in February 2016, with a 1.5% coupon – €1 billion, maturing in June 2018, with a 2.25% coupon – €1 billion, maturing in February 2023, with a 3% coupon. The average coupon of the issue is 2.25% and [
Awilco LNG of Norway reported freight income of USD 17.7 million in the first quarter of 2012 (USD 16.8 million in Q4 2011) and an EBITDA of USD 11.8 million (USD 10.9 million in Q4 2011). In this quarter the charterers of the WilEnergy LNG tanker declared the option to extend the contract period to
Golar LNG Partners reported net income of $19.5 million and operating income of $31.8 million for the first quarter of 2012, as compared to $23.8 million and $30.4 million, for the first quarter of 2011. While operating results were improved in comparison to the first quarter of 2011, net income was
Technip of France said that it has entered into an agreement to acquire Stone & Webster process technologies and the associated oil and gas engineering capabilities from The Shaw Group for a cash consideration of approximately €225 million. This transaction will enable Technip to: Enhance substantia
The Gazprom headquarters hosted Monday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Yury Boiko, Ukrainian Energy and Coal Industry Minister. The meeting discussed the cooperation progress of Russia and Ukraine in the gas sector. [mappress] LNG World New
