Poland’s GAZ-SYSTEM said that in February 2012, the building permit decisions were granted for Stage 1 and Stage 3 of the Szczecin-Gdańsk gas pipeline on the Płoty-Karlino section approx. 61.95 km in length (Stage 1) and on the Koszalin-Słupsk section with the Reblino system of in/out gas locks appr
Golar LNG Limited said that it has priced an offering of secured convertible bonds with a five-year tenor. The offering size is USD 250 million, including the upsize option of USD 50 million, which has been exercised in full. The Bonds (each with a denomination of USD 100,000) were offered in an acc
Spain’s Repsol posted net income of 1.901 billion euros in the first nine months of 2011, 6.4% higher than the 1.786 billion euros reported in the year-earlier period. The group’s operating income totalled 4.102 billion euros, 1% higher than that recorded in September 2010. The LNG division showed a
Following the transfer of the majority shareholding in KEMA, DNV said it is now establishing a group structure to manage the strong industry positions it now holds. By merging some of its activities with KEMA, DNV is committed to driving the global transition toward a safe, reliable and clean energy
Rosneft and ITERA Oil and Gas Company have signed a strategic cooperation agreement for joint exploration and development of gas deposits in Russia. The agreement signed by Rosneft President Eduard Khudainatov and ITERA Oil and Gas Company Chairman of the Board of Directors Igor Makarov envisages th
Norway’s Höegh LNG reported total income of USD 30.0 million for the fourth quarter of 2011, up 18 % from the fourth quarter 2010. Highlights * Operating profit before depreciation of USD 3.5 million, up from USD 3.3 million in the fourth quarter 2010 * Awarded an engineering study for an FLNG solut
Mærsk of Denmark said it has completed the sale of its wholly owned subsidiary Maersk LNG to Teekay LNG and Marubeni Corporation. “The agreement was subject to a regulatory approval and consents from Maersk LNG’s customers. These conditions have now been fulfilled. Accordingly, A.P. Møller – Mærsk A
Nigeria’s Bonny LNG terminal shipped a cargo of liquefied natural gas on Saturday to Europe, according to shipping data. The cargo is being hauled by the LNG Port Harcourt, a 122,000 m3 cubic-meter tanker, and it is due to arrive in Europe on March 5. Bonny terminal has an overall capacity of some 2
Spain’s Bilbao import terminal is scheduled to receive a shipment of LNG from Egypt on March 2, according to Bilbao Port data. The cargo is being carried by the Seri Begawan liquefied natural gas carrier, with a capacity of 152,000 cubic metres. Bilbao terminal facilities have a storage capacity of
As part of the official visit by Gazprom’s delegation to the Republic of Slovenia, Ljubljana hosted yesterday working meetings among Alexey Miller, Chairman of the Company’s Management Committee, Danilo Turk, President of Slovenia and Janez Jansa, Slovenian Prime Minister. The parties addressed the
FLEX LNG said that, during the fourth quarter of 2011, work continued on a potential LNG Producer unit as the front-end engineering and design (FEED) work on the Gulf LNG project in Papua New Guinea was substantially completed. The cash balances at 31 December were $14.8m ($9.9m) with $2.1m net outf
Awilco LNG ASA reported an EBITDA of USD 10.9 million and a freight income of USD 16.8 million in the fourth quarter of 2011, compared to an EBITDA of USD -0.6 million and a freight income of USD 12.3 million in the third quarter. “Awilco LNG delivered satisfying performance in the fourth quarter wi
Nord Stream AG said it has won the inaugural “Pipeline Project of the Year” award at the 2012 European Gas Conference. The award, which was presented by The Energy Exchange in conjunction with Natural Gas Europe, recognises Nord Stream’s achievement in starting to make its contribution to energy sec
The Mekaines LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal March 3, 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 metr
