Milford Haven Port, UK’s third largest port which handles around 20 per cent of the country’s fuel requirements, reported a pre-tax profit of £8.1m on a turnover of £29.5m in 2011, up from £7.1m on a turnover of £27.8m in 2010. This improvement had been aided by increased fuel demand during an excep
Even though the construction of 7 billion cubic meter/year terminal at Musel is nearing its completion and should be running until the end of the year, it will not be put into operation immediately due to insufficient gas demand. Following a governmental decree, issued in March, the terminal will be
As a complement to its extensive range of butterfly valves for handling liquefied gas, KSB Aktiengesellschaft, Frankenthal, Germany will be presenting the new TRIODIS valve series at this year’s ACHEMA. The maintenance-free triple-offset butterfly valves are designed for handling fluids with tempera
Enagás, owner of four LNG terminals in Spain, reported net profit of €86.7Mn for the first quarter of 2012, 0.8% more than the €86Mn registered in the same period in 2011. The company’s EBITDA also increased from €205.9Mn to €214.2Mn at the end of the first quarter of 2012, up 4%. Enagás said that d
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG)said it has sold approximately 5.1 billion cubic metres of natural gas in Q1 2012, against 4.8 billion in Q1 2011, setting its new record of quarterly sales. In Q1 2012, the company produced 1.1 billion cubic metres of natural gas, on a par with the vol
Alexey Miller, Chairman of the Gazprom Management Committee moderated a meeting on boosting the use of natural gas as a vehicle fuel. Opening the meeting Alexey Miller said: “The time has come for a breakthrough in the Russian natural gas vehicle (NGV) market and Gazprom is the only domestic company
Total announced first production from its Islay gas field in the Northern North Sea, 440 kilometers north-east of Aberdeen. Total operates and fully owns the Islay field, which was discovered mid 2008 and is mainly located in Block 3/15 of the United Kingdom sector and partly in Blocks 29/6a and 29/
Qatargas, the world’s largest LNG producing company, has outlined its future direction, whilst recognising its achievements, in an address given at the 18th Annual Flame 2012 (16-20 April) Amsterdam. At the global LNG conference, Alaa Abu Jbara, Qatargas’ Chief Operating Officer, Commercial & Shippi
As reported by Reuters, workers at the GDF Suez’s three liquefied natural gas (LNG) terminals in France went back to work on Monday. The strike termination is a result of an agreement GDF Suez’s Elengy unit proposed to the workers, which includes an improved manner of profit sharing. “We’re restarti
French utility GDF Suez said its revenues at March 31, 2012 were EUR 28.2 billion with a +10.5% gross increase and +8.4% organic growth supported by all business lines. EBITDA for the period reached EUR 5,821 million with a +5.7% gross increase and a +4.1% organic variation compared to March 31, 201
LNG player BG Group of UK today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to extend for an additional 12 months. The agreement with EDC will build upon BG Group’s existing relationships with Canad
Fairstar Heavy Transport said it has received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK 9.3 per share. “The Joint Supervisory and Management Boards of Fairstar have met this evening and concluded that the conditional offer for Fairstar sha
Turkish state-owned natural gas company, Botas, is expected to sign a preliminary agreement with Qatargas, world’s largest LNG producer, soon, thus creating the groundwork for Turkey to import of 2.5 to 3 billion cubic metres (bcm) of Qatari LNG, Reuters informs. Speaking at a press conference in Do
Thursday, Gazprom Management Committee Chairman Alexey Miller reported to Russian Prime Minister Vladimir Putin on the completion of the Nord Stream gas pipeline’s second string laying. “We have initiated startup and adjustment operations. In September the second string will be filled with buffer ga
