Sixteen major European Transmission System Operators (TSOs) have taken the initiative to bundle their efforts and wide experience in the field of capacity booking platforms to move towards a joint European capacity platform. The alliance is formed by network operators from Belgium, Denmark, France,
The Nord Stream Project took another major step forward today with the completion of offshore pipelay of the second of its twin 1,224-kilometre gas pipelines through the Baltic Sea ahead of schedule. Following extensive pre-commissioning and commissioning, Line 2 is scheduled to begin transporting g
Root defects in LNG pipeline welds can now be a thing of the past thanks to innovative ancillary equipment designed and manufactured by Huntingdon Fusion Techniques Ltd. Following on from the company’s progressive developments in inert gas purging comes a new generation of easy to use ancillaries. P
Tsakos Energy Navigation (TEN) of Greece, a leading provider of international seaborne crude oil and petroleum product transportation services, announced that it plans to offer 10,000,000 of its common shares in a public offering. Entities affiliated with the Tsakos Foundation, which is the Company’
Teekay LNG Partners announced that it has issued NOK 700 million in senior unsecured bonds maturing in May 2017 in the Norwegian bond market. The aggregate principal amount of the bonds is equivalent to approximately 120 million U.S. dollars (USD) and all interest and principal payments will be swap
The Shah Deniz consortium has reached an important milestone and approved the decision to commence Front End Engineering and Design (FEED) on the estimated $25 billion Shah Deniz Stage 2 project. This was officially announced in Baku today during the meeting between the President of the Republic of
Rosneft and ExxonMobil signed yesterday agreements to implement a long-term Strategic Cooperation Agreement concluded in August 2011 to jointly explore for and develop oil and natural gas in Russia and to share technology and expertise. The agreements were signed by Rosneft President Eduard Khudaina
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 April 24, 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
OAO NOVATEK said today that OAO Gazprom and the company have signed a Memorandum of Cooperation whereby NOVATEK and Gazprom are considering the possibility to establish a joint venture to increase liquefied natural gas (LNG) production capacity on the Yamal peninsula as well as jointly developing hy
On April 5, 2012, Poland’s Minister of Treasury Mr. Mikolaj Budzanowski paid a visit to the LNG Terminal construction site in Swinoujscie. The minister inspected the progress of construction works. In the first stage of operation, the Swinoujscie LNG terminal will enable the re-gasification of 2.5 b
Peru LNG shipped a cargo of liquefied natural gas to Spain on April 15, according to PeruPetro S.A. The cargo is being hauled by the Valentsia Knutsen, a 173.400 cubic-meter tanker. The Peru LNG Project includes two parts: an LNG Plant with a Marine Terminal from which LNG is sent overseas, and a pi
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar this week, according to shipping data. The Maersk Qatar LNG tanker, with a capacity of 145,000 cbm, is due to arrive on April 21. The Zeebrugge terminal is operated by Fluxys LNG and has an annual thr
Belgium’s EXMAR confirmed the sale of the LPG/C CHACONIA (28,070 m³ – built 1990) and the LPG/C ELVERSELE (37,511 m³ – built 1996). The vessels will be delivered to their new owners in April and July 2012, the company said in a statement. The total net sale price amounts to USD 48,9 million. EXMAR w
Spain’s Bilbao import terminal is scheduled to receive a shipment of LNG from Trinidad this week, according to port data. The cargo is being hauled by the Sohar LNG carrier, with a capacity of 137,248 cubic metres, and it is due to arrive at the Bilbao terminal tomorrow. Bilbao terminal facilities h
