Japan, the world’s largest LNG importer, is due to receive five LNG cargoes from Nigerian Bonny terminal in February, according to shipping data. Two cargoes are due to arrive at Japan’s Nagoya port on February 6 and February 13. The Tobata port is due to get a cargo on February 12, and an unidentif
Portugal’s Port of Sines is scheduled to receive a shipment of LNG from Trinidad and Tobago on February 5, according to the Port of Sines website. The LNG Jupiter liquefied natural gas carrier, with a capacity of 145,000 cubic metres, is sailing from Point Fortin terminal in Trinidad and Tobago . Th
Statoil and its partners on the Snøhvit field have increased the reserves estimate by 20 billion standard cubic metres of gas. Production experience from the field has proven that it is possible to produce more gas from the reservoirs than previously assumed. The adjustment corresponds to an increas
Sovcomflot is extending the use of electronic navigational charts on its ships. The transition process is being supported by use of the electronic international database provided as part of the Transas Admiralty Data Service (TADS), offered by the Transas company. SCF originally started using electr
Wärtsilä announced that the Scheme of Arrangement with regards to the acquisition of Hamworthy was sanctioned at a Court hearing held yesterday in London. Subject to the Court hearing confirming the associated Reduction of Capital on 30 January 2012, the Scheme is expected to become effective and th
Alexey Miller, Chairman of the Gazprom Management Committee and Alexander Ozerets, Energy Minister of the Republic of Belarus had a telephone talk yesterday. The parties discussed a potential increase of Russian gas transmission to Europe via Belarus in 2012 and in the medium term. “In 2012 Gazprom
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Sergey Frank, Director General of Sovcomflot. The parties discussed the interaction within the Prirazlomnoye field development, including the arrangement of oil transportation,
WÄRTSILÄ today published it’s interim report for the fourth quarter and full year 2011 results. FOURTH QUARTER HIGHLIGHTS – Order intake increased 25% to EUR 1,250 million (1,003) – Order intake in joint venture companies grew significantly, EUR 178 million (4) – Book-to-bill 1.01 (0.69) – Net sales
EXMAR reported the provisional results for the fourth quarter and the entire year 2011. HIGHLIGHTS 2011 / 2012 ‐ Cash Flow from Operations (EBITDA) for the year 2011 is USD 139.9 million and the Operating Result (EBIT) is USD 37.3 million. ‐ These figures include a profit before tax of USD 41.3 mill
Fluxys said today that it has auctioned all its short term storage capacity on offer. A total of 280 million cubic metres of storage capacity was available for yearly contracts covering storage year 2012-2013. Fluxys registered 11 customers as bidder for the auction. The opening bids showed an overa
Gazprom said it has elected Vitaly Markelov, Vladimir Markov and Elena Mikhailova as members of the Gazprom Management Committee for a 5 year term. At the same time, the Board of Directors of Gazprom terminated the powers of Viktor Ilyushin and Olga Pavlova as members of the Company’s Management Com
The European Commission said today that Ireland and the United Kingdom are not fully in line with EU gas market rules and has decided to refer these countries to the Court of Justice of the European Union. “The maximum interconnection capacity is not offered in the UK and Ireland as the pipeline con
The Trans Adriatic Pipeline started a near-shore survey near San Foca, Lecce, in Italy on Tuesday, the 24th of January. The purpose of the survey is to collect samples of the soil on the Adriatic seabed along the future route of the natural gas pipeline, which plans to bring Caspian gas to southern
The EGL Group contracted a lower gross margin of CHF 502.1 million (-23%) over the previous year. The main reasons for the decrease were the significantly lower trading result and the weak euro. Net profit also declined over the previous year to CHF 22.2 million (-12%). This was impacted in particul
