Clean Fuel
GTT reports revenue drop despite market upswing
French liquefied natural gas (LNG) containment system specialist, GTT, noted a rebound in orders for LNG carriers and a boom in the FSRU market during the past year.
Nigerian LNG cargo heading for Portugal
Portugal is scheduled to receive a cargo of liquefied natural gas shipped from Nigeria at REN’s Sines LNG terminal.
Greece receives 2 binding bids for DESFA sale
Greece has received two binding bids for the purchase of a 66 percent stake in Greek gas grid operator DESFA, according to the country’s privatisation agency, HRADF. Bids were submitted by a consortium consisting of Italy’s Snam, Spain’s Enagas and Belgium’s Fluxys, and a consortium of Spain’s Regas
Top news of the week February 12-17
Two contractors shortlisted to build LNG Canada’s Kitimat export plant Shell-led LNG Canada said it had short-listed two international consortiums for the engineering, procurement and construction of its proposed liquefied natural gas (LNG) export facility in Kitimat, British Columbia. USA: Cheniere
GasLog posts profit in 2017, orders another LNG carrier at SHI
Monaco-based LNG shipper GasLog reported a profit for the full-year of 2017 as compared to a net loss in the previous year. Profit attributable to GasLog owners reached $15.5 million last year as compared to a loss of $21.4 million the year before. Revenues were $525.2 million for the year ended Dec
Dynagas LNG Partners posts lower profit in Q4
Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, reported fourth-quarter net income of $5.6 million, down 63.7 percent year-on-year. Earnings per common unit for the three months ended December 31 were 11 cents share. The US-listed LNG shipper that operates a fleet
Eni swings to profit in 2017
Italy’s state-controlled energy giant Eni on Friday said it swung to a net profit last year on the back of higher oil and gas prices and an increase in production. Eni reported a net profit of 3.43 billion euros ($4.3 billion) for the full year of 2017, compared to a 1.46 billion euros loss in the y
Gate LNG volumes up 16.5 pct in 2017
Liquefied natural gas (LNG) throughput volumes at the Dutch Gate terminal rose 16.5 percent in 2017, according to the data released by the Port of Rotterdam on Thursday. Total LNG throughput at the facility located in in the port of Rotterdam reached about 1.99 million mt in 2017, as compared to 1.7
UK to get Qatari LNG cargo
The UK’s South Hook liquefied natural gas (LNG) terminal is scheduled to receive a cargo of the chilled fuel from Qatar next week. According to the port data, one of the world’s largest LNG carriers, the 266,000-cbm Aamira, is set to dock at South Hook LNG jetty in the port of Milford Haven on Febru
Russia and Norway gas volumes to Europe hit record highs
Natural gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to a report by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 bcm and 122 bcm, respectively, in 2017. This represents a year-on-year increase of more than
Russia’s Gazprom to overhaul export operations
Russian energy giant Gazprom plans to reorganise its export operations, including marketing and trading. Gazprom said in a statement on Monday it would create an integrated international distribution unit responsible for all of its export deliveries, trading and marketing. The reorganization will ta
France’s Engie in board changes
The board of France’s energy giant and LNG player, Engie will propose Jean-Pierre Clamadieu as its new board chairman at a shareholders meeting on May 18. Clamadieu, who is the chief executive of Belgian chemical group Solvay, would replace former CEO of Engie, Gérard Mestrallet. Engie said in a sta
Damen tug to serve Malta’s LNG terminal
A naming ceremony took place in Malta last week for a tug built by the Dutch shipbuilder Damen. The tug named St. Angelo will provide port towage services and environmental assistance, and will also be able to serve the island’s LNG needs, by operating at Delimara LNG terminal, according to a Damen
Poten: collapse in LNG contract lengths raises future supply concerns
The average LNG contract length fell to a record low in 2017, according to the consultancy Poten & Partners, raising concerns on the future supply of the chilled fuel. Average contract lengths for deals signed in 2017 fell to 6.7 years – the lowest ever recorded – compared with 11.5 years in 2016, t