Clean Fuel
Hoegh LNG secures debt financing for tenth FSRU
Norwegian FSRU giant Höegh LNG said on Tuesday it has received commitment letter for a sale and leaseback financing for its tenth FSRU of up to $206 million. The company’s tenth floating storage and regasification unit or FSRU is currently under construction at Samsung Heavy Industries in South Kore
Union Fenosa Gas gets $2 billion over Egypt LNG dispute
Spanish LNG operator Naturgy, previously Gas Natural Fenosa, said that Union Fenosa Gas has won an award from the International Center for Settlement of International Disputes in regard to a gas supply dispute in Egypt. Union Fenosa Gas is a 50/50 joint venture between Naturgy and Italy’s Eni. The c
Fluxys and Enagas selling Swedish gas grid operator
The Belgian and Spanish natural gas infrastructure companies Fluxys and Enagás said on Monday that they have signed an agreement to jointly sell their total stake in Swedish gas grid operator Swedegas to FS Gas Transport. FS Gas Transport is an indirectly wholly owned subsidiary of First State Inves
Construction starts on Viking Line’s LNG-powered ferry
Construction has begun on Viking Line’s new liquefied natural gas (LNG)-powered passenger cruise ship at the Xiamen Shipbuilding Industry shipyard in China. The vessel, scheduled for delivery at the end 2020 will be deployed on the Turku (Finland)–Åland Islands–Stockholm (Sweden) route. Viking Line’
Top news of the week August 27 – September 1
LNG Canada dredging works set to start The Shell-led C$40 billion ($31 billion) LNG Canada project in British Columbia is ready to start dredging works to allow larger ships such as LNG carries to be able to dock in the port of Kitimat. Shannon LNG picks New Fortress Energy for terminal development
Gothia Tankers Alliance fifth LNG-fueled vessel leaves dock
Gothia Tanker Alliance’s fifth LNG-fueled vessel, the Fure Ven, has pulled out of the dock at the Chinese Avic Dingheng shipyard.
Elengy ticks off milestones at Montoir-de-Bretagne
French LNG operator Elengy, a unit of the energy giant Engie, said its Montoir-de-Bretagne terminal reached a number of milestones during the month of August.
Sovcomflot posts net loss in challenging market
Russia’s largest shipping company Sovcomflot plunged to a loss during the first half of the year on the back of a $42.2 million impairment.
Finland’s Gasum buys Enegia’s energy services
Finnish natural gas and LNG company, Gasum said it has acquired the energy market services business of Nordic company Enegia. Under the deal, Enegia Consulting, Enegia Portfolio Services and IntStream will become part of Gasum. The transaction was closed by Gasum and Enegia Group on August 31, accor
Awilco LNG drops to second quarter loss
Norwegian based LNG transportation provider Awilco reported a net loss of $6.5 million for the second quarter of 2018.
PGNiG’s revenue boosted by higher Polish LNG imports
Poland’s state-owned gas company PGNiG posted higher revenue in the second quarter of this year on the back of increased liquefied natural gas (LNG) imports via the country’s Świnoujście terminal and higher prices. PGNiG on Thursday reported a 7 percent year-on-year growth in the quarterly revenue t
Høglund sets up LNG and power solution units
Marine automation and system integration expert Høglund launched two new divisions, the Høglund Gas Solutions and Høglund Power Solutions.
GTT nets LNG carrier tank order
French LNG containment specialist GTT has received a new tank order from South Korean shipbuilder Samsung Heavy Industries. GTT said in a statement on Wednesday it would design the tanks for a new 174,000-cbm LNG carrier, on behalf of an unnamed European ship-owner. The delivery of the LNG carrier i
BW in LPG retrofit move
BW LPG, the world’s largest liquid petroleum gas shipping company, has signed contracts including future options for the delivery and retrofitting of four LPG-propelled dual-fuel engines in its fleet. BW LPG claims in a statement that this move is “a world’s first initiative.” The company expects th