Clean Fuel
Awilco LNG’s net loss grows
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, widened its net loss in the fourth quarter as compared to the same period the year before. Awilco LNG’s net loss rose to $4.5 million in the fourth quarter, as compared to $2.49 million in the same quarter last year. Compared to the p
Schulte secures approval from German competition watchdog to buy LNG ship manager Pronav
Hamburg shipowning and management group Bernhard Schulte has received an approval from Germany’s competition watchdog to acquire liquefied natural gas (LNG) ship manager Pronav. With this merger approval by the German Federal Cartel Office (Bundeskartellamt), the acquisition announced in January is
Spanish LNG imports rise in January
Spain’s imports of liquefied natural gas rose by 9.5 percent in January on a yearly basis, according to the data provided by the LNG terminal operator, Enagás. LNG imports reached 15.82 terawatt hours (TWh) in January as compared to 14.45 TWh in the same month the year before, the data shows. Breaki
Video: Teekay’s Arctic LNG tanker transiting the Northern Sea Route
LNG shipping giant Teekay released a time-lapse video showing its first Arctic liquefied natural gas carrier, the 172,000-cbm Eduard Toll transiting the Northern Sea Route. Teekay took the delivery of the Eduard Toll late in January. It is the fourth of 15 Arc7 LNG carriers being built for the Novat
Top news of the week February 5-10
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. World’s large
Eni says hits “Zohr like” gas discovery off Cyprus
Italian energy company Eni has made a lean gas discovery in Block 6 offshore Cyprus. Eni said in a statement on Thursday the find looked geologically similar to the giant Zohr gas field off Egypt. “Calypso 1 is a promising gas discovery and confirms the extension of the “Zohr like” play in the Cypru
World’s largest FSRU starts operating in Turkey
Turkey commissioned on Wednesday the country’s second floating storage and regasification unit (FSRU) at a port in Dörtyol, Hatay located on the country’s Mediterranean coast. The MOL FSRU Challenger, the world’s largest FSRU, arrived in Turkey in November last year following delivery to its owner o
Total’s profit, LNG sales rise
French energy giant and LNG player Total reported a rise of 28 percent to $10.6 billion in its adjusted net income during the last year, boosted by higher oil and gas prices and an increase in production. For the fourth quarter, Total’s adjusted net income stood at $2.9 billion rising 19 percent on
Zeebrugge LNG unloads, reloads down in 2017
Belgium’s Fluxys on Wednesday said that its liquefied natural gas (LNG) terminal in the port of Zeebrugge has unloaded and reloaded fewer cargoes of the chilled fuel in the last year when compared to the year before. The Zeebrugge terminal received in total 17 cargoes of LNG in 2017. Unloads almost
Gas Natural Fenosa’s net income up 1 pct
Spanish LNG operator Gas Natural Fenosa reported a net profit of 1.36 billion euros ($1.67 bln) in 2017, a rise of 1 percent as compared to the year before, boosted by higher prices and demand. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached 3.9 billion euros, down 16
Lithuania: Klaipeda LNG regas volumes dip in Jan
Liquefied natural gas (LNG) volumes at Lithuania’s first and only import terminal in the port of Klaipeda dropped almost 68 percent in January year-on-year. Klaipėdos Nafta, the LNG terminal operator, said Wednesday that its facility during January in total regasified 0.25 terawatt hours (TWh) as co
Statoil swings to profit in Q4
Norwegian energy giant and LNG operator Statoil swung to a quarterly profit due in part to rising oil and gas prices, and higher production. The company on Wednesday reported a fourth-quarter IFRS net income of $2.6 billion, compared to last year’s loss of $2.8 billion. Adjusted earnings were $4 bil
Hoegh LNG’s FSRU starts contract with Spain’s GNF
Norway’s Höegh LNG said on Wednesday that its floating storage and regasification unit (FSRU) Höegh Giant has started its time charter contract with Spanish LNG operator Gas Natural Fenosa. The initial term of the contract is three years, and it includes the option for Gas Natural Fenosa to utilize
Spain’s GNF gets new CEO
Spanish LNG operator Gas Natural Fenosa named Francisco Reynés as new chief executive and chairman of the company’s board in a major leadership reshuffle. Reynes will replace Isidro Fainé Casas who served as president of Gas Natural Fenosa since 2016. Casas has been appointed honorary chairman, the