BAM Infraconsult bv, by its trade name Delta Marine Consultants, has signed a license agreement for the use of Xbloc on the new LNG Terminal in Dunkerque, France. The license agreement has been signed with a joint venture of Sodraco International SAS (subsidiary of Jan de Nul), Bouygues Travaux Publ
Fluxys issues on the Belgian market a retail bond with a par value of €1,000 with a view to financing its investment programme and optimizing its balance sheet structure. The company expects to raise €100-350 million. Fluxys is to employ the bond issue to move towards a financial structure that is m
UK’s South Hook LNG terminal is expected to receive a cargo of LNG on April 8, according to the Milford Haven Port Authority website. The Al Mayeda LNG tanker, with a capacity of 266,oo0 cbm, is sailing from Ras Laffan, Qatar. The South Hook terminal can process 15.6 million tonnes of LNG a year and
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Delyan Dobrev, Bulgarian Economy, Energy and Tourism Minister. The meeting addressed the current issues of Russian-Bulgarian cooperation in the energy sector. The parties paid
Kleven Maritime delivered the LNG powered offshore supply vessel Viking Prince to Eidesvik Offshore today. ‘It is a great pleasure to deliver this advanced, environmentally friendly vessel to a ship owner that has a proven track record of taking every aspect of their environmental foot print very se
Ukraine plans to construct an LNG terminal at the port of Yuzhnyi, Bloomberg reported, citing Vladyslav Kaskiv, the head of state national projects. The liquefied natural gas terminal will cost about 846 million euro and 70% of the cost will come from borrowing, he said. The capacity of the terminal
The shareholders in Russia’s Shtokman project agreed at a meeting yesterday to postpone a final investment decision until July 1, Shtokman Development AG said in a statement. “The shareholders are confident that the Project can be improved further, both technically and economically,” the company sai
Monaco-based GasLog, an international owner, operator and manager of LNG carriers, said in a statement that its public offering of 23,500,000 common shares was priced at $14.00 per share. The underwriters were granted a 30-day option to purchase up to 3,525,000 additional common shares from GasLog a
Sakhalin Energy said that production sharing under Sakhalin-2 Project has begun. From March, Russian Federation and Sakhalin Region started receiving its share of profit production. “Production sharing began ahead of plan. This is not only a result of favourable market conditions, but first of all r
Belgium’s EXMAR announced the order at Hyundai Mipo of up to 8 LPG-vessels of 38,000 m³ capacity. The vessels will be delivered from the first quarter of 2014 onwards. These vessels will be dedicated to strengthen EXMAR’s already substantial commercial portfolio in the Midsize segment and designed t
Gazprom and Moldovagaz have extended the existing gas supply and transit contracts until the end of the second quarter of 2012. Gazprom and Moldovagaz signed the 2007–2011 gas supply contract in December 2006. Pursuant to the document, between 2008 and 2011 the price was calculated under the formula
A naming ceremony has been held in Ålesund for Olympic Shipping’s new LNG powered Platform Supply Vessel “Olympic Energy”. The ceremony was performed by the harbour in the town center of Ålesund. After the ceremony, the ship was open to the public and about 1500 used the chance to study the ship up
EXMAR of Belgium said in a statement that its board of directors reviewed the results for the year ending 31st December 2011 and that they are in line with the results announced on 26th January with the exception of a USD 11.5 million tax provision on the sale of the OPTI-EX® that was brought down [
In 2012 Gazprom will launch gas production from the Kirinskoye gas and condensate field on the Sakhalin shelf as part of the Sakhalin III project. For the first time ever natural gas will be produced by a subsea production system in Russia. By the moment, a gathering manifold to intake gas mixture f
