Clean Fuel
Russia’s Novatek posts profit rise as Yamal LNG train 3 commissioning works continue
Russia’s largest independent natural gas producer Novatek reported a rise in its profit for the third quarter of this year as it continues to perform commissioning works on the third train at its giant Yamal LNG facility in the Russian Arctic. Profit for the third quarter increased to 45.9 billion R
Egypt LNG cargo on way to UK
The UK’s Dragon liquefied natural gas (LNG) terminal is scheduled to receive a cargo of the chilled fuel from Egypt next week. Maran Gas Maritime’s newbuild, the 173,400-cbm Maran Gas Spetses is expected to arrive at the Dragon LNG facility in the Port of Milford Haven on October 31, according to th
WFW advises Hoegh LNG on $200m FSRU financing
Law firm Watson Farley & Williams said it has advised Norway’s Höegh LNG on the recent $200 million debt financing for its ninth floating storage and regasification unit (FSRU). The 170,000-cbm FSRU to be named Höegh Gannet is currently under construction at Hyundai Heavy Industries in South Korea.
OEEC 2018: Gas overtakes oil, but Paris still out of reach
The 2018 Offshore Energy Exhibition and Conference opened its doors on Tuesday, October 23.
France’s GTT scores DSME LNG tank order
French LNG containment specialist GTT has secured a new order from the Korean shipyard Daewoo Shipbuilding and Marine Engineering for the tank design of a 173,400-cbm liquefied natural gas carrier. GTT said in a statement on Monday that the LNG carrier would be built by DSME on behalf of a European
Skangas delivers liquefied biogas to Finnish duo
Nordic LNG company Skangas, a unit of Gasum, said Tuesday it has for the first time delivered liquefied biogas (LBG) to two Finnish companies. The LBG delivered to Nornickel Harjavalta is used in Nornickel’s production of biohydrogen and for their energy production, according to a Skangas statement.
Brittany Ferries sounds alarm over Brexit impact
French shipping company Brittany Ferries has expressed concerns amid growing uncertainty over a Brexit deal and the impact on its business, including the demand for its new liquefied natural gas (LNG)-powered vessel. To remind, the company’s LNG-powered cruise ferry Honfleur, currently being at the
IEA: lack of LNG fleet investment could pose a threat to market development
The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers, and raises new challenges for the global security of energy supplies, according to a new report by the Internati
China’s CNOOC buys more LNG from France’s Total
French energy giant Total and China’s CNOOC have signed an amendment to their existing deal for liquefied natural gas (LNG) supply. The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total’s global LNG portfolio, and have extended th
Top news of the week October 15-20
WoodMac expects 2019 to be LNG FID year The year 2019 could be a major one for final investment decisions (FID) on new liquefied natural gas projects, according to the research and consultancy group Wood Mackenzie. US Elba Island LNG export project pushed back again US energy company Kinder Morgan s
Turkey: Arkas, Sumitomo in LNG bunkering deal
Turkey’s Arkas Bunkering partnered up with Japan’s Sumitomo Corporation for the use of liquefied natural gas (LNG) as bunker fuel in Turkish and nearby seas.
JERA Trading appoints head of LNG
JERA Trading said Sarah Behbehani has joined the company as head of LNG for the prospective joint LNG operation between JERA and EDF Trading.
Schulte’s LNG bunkering vessel leaves South Korea for Europe
Babcock Schulte Energy’s liquefied natural gas (LNG) bunkering vessel Kairos has set off on its voyage from South Korea’s Hyundai Mipo Dockyard to Europe.
China LNG Group inks cooperation deal with DNV GL
Hong Kong-based China LNG Group said Thursday it signed a deal with classification society DNV GL to cooperate on the entire liquefied natural gas (LNG) chain. Under the non-binding deal, the duo agreed to cooperate in the areas of risk management, technical assurance, technical advisory, operationa