Clean Fuel
Adriatic LNG hits peak daily send-out milestone
The Adriatic LNG regasification terminal located off the Veneto coastline, in the northern Adriatic Sea, reached a milestone, delivering 27.5 million cubic meters of gas into the national network.
Maran Nakilat JV adds two LNG carriers
Qatari LNG shipping giant Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures to include two additional liquefied natural gas vessels. Maran Nakilat was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasi
Total buys into Libyan gas concession
France’s Total has acquired Marathon Oil Libya which holds a 16,33 percent stake in the Waha Concessions in the country.
Top news of the week February 26-March 3
Video: world’s largest LNG FSRU Japanese shipping giant MOL recently posted a video of the world’s largest floating storage and regasification unit (FSRU) anchored off Singapore. LNG Limited’s North American projects ‘shovel-ready’ Perth-based LNG Limited said its two liquefied natural gas project i
Video: world’s largest LNG FSRU
Japanese shipping giant MOL recently posted a video of the world’s largest floating storage and regasification unit (FSRU) anchored off Singapore. The MOL FSRU Challenger last month started operating in Turkey as the country’s second FSRU at a port in Dörtyol, Hatay. The FSRU has an LNG storage capa
France’s GTT bags tanks order for LNG carrier, FSRU
France’s GTT said it had received an order from a South Korean shipyard for the design of liquefied natural gas (LNG) tanks. The tanks will be installed onboard a new LNG carrier and a floating storage and regasification unit (FSRU). These vessels will be built on behalf of a European shipowner with
Gazprom’s daily natural gas deliveries to Europe hit record volumes
Russian giant Gazprom noted that over the past week its natural gas exports to Europe have been increasing steadily.
Cold weather boosts Spanish natural gas demand
Natural gas demand in Spain for the month of February closed the month of February with a 16.9 percent increase year on year, reaching 34.1 TWh, according to the Spanish LNG terminal operator, Enagás.
Golar LNG swings to profit in Q4, expects to start production from Cameroon FLNG soon
LNG shipper Golar reported a net profit of $2.8 million for the fourth quarter of 2017, compared to a $13.7 million loss the year before, as the LNG shipping market continued to improve. Earnings before interest, tax, depreciation and amortization (EBITDA) rose to $19.4 million. Total operating reve
Höegh LNG Partners see rise in Q4 profit
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s floating giant Höegh LNG, reported a $25.4 million net income for the fourth quarter of 2017.
HHI ties Babcock to deliver reliquefaction tech for LNG newbuilds
London-headquartered engineer Babcock said it has been contracted to supply its ecoSMRT LNG reliquefaction technology to four liquefied natural gas carriers on order at Hyundai Heavy Industries in Ulsan, South Korea.
Höegh Grace’s full year in Colombia boosts Höegh LNG’s profit
Norway-based FSRU provider, Höegh LNG, reported a profit of $20 million, up from $1.1 million in the previous quarter, and $828,000 reported in the fourth quarter last year.
Flex LNG reports fourth quarter profit
Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, reported a net profit of $1.3 million for the fourth quarter of 2017.
LNG supply shortage expected in mid-2020s, Shell’s Outlook says
The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tons to 293 million tons in 2017, according to Shell’s annual LNG Outlook.