Clean Fuel
Lithuania: Klaipeda LNG regas volumes down 11.4 pct in Jan-Nov
Liquefied natural gas (LNG) volumes at Lithuania’s first and only import terminal in the port of Klaipeda dropped 11.4 percent in the January-November period as compared to the last year. Klaipėdos Nafta, the LNG terminal operator, said Wednesday that its LNG import terminal during the 11-month peri
GTT and DSEC join forces on LNG containment systems
France’s GTT and South Korea’s DSEC, a naval engineering company, have signed a technical assistance and license agreement for the construction of GTT membrane containment systems. According to a GTT statement, this deal strengthens both GTT and DSEC’s commercial offer. It addresses the requirement
Petrofac chairman to step down
Petrofac, the international oil and gas facilities service provider, announced that Rijnhard van Tets will step down from his role as chairman of the board after eleven years with the company. He will step down at Petrofac’s annual meeting in May and will be succeeded by current senior independent d
US company says Ukraine receives first-ever LNG shipment from Poland
ERU Trading, a Ukrainian unit of the US-owned development company ERU Corporation, said on Wednesday that Ukraine received a shipment of natural gas which was sourced from the Polish LNG terminal in Świnoujście. This was the first ever shipment of LNG to Ukraine, according to ERU. ERU said that in e
Austrian explosion hits European gas markets
An explosion on Tuesday morning at the major European gas hub at Baumgarten in Austria killed one person and injured 18 others, causing a surge in Austrian, Italian and the UK gas prices. Italy has also reportedly declared a state of emergency due to a lack of gas supplies. The Baumgarten plant was
Russia’s Novatek buys Chernichnoye field
Russia’s largest independent gas producer and LNG developer, Novatek signed a deal to acquire OOO Chernichnoye from Oil Company “Mangazeya” JSC. OOO Chernichnoye holds the hydrocarbon exploration and production license for the Chernichnoye field located in close proximity to Novatek’s infrastructure
Teekay LNG completes $816 million financing for Yamal Arc7 carriers
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, said on Monday it has completed an $816 million long-term debt facility to finance all six of the 50-percent owned Arc7 newbuildings which will serve the Yamal project in Russia. The first vessel of the six ice-breaking carriers
Trafigura ups LNG trade by 27 percent
Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 27 percent in the 2017 financial year as the global market continued its expansion and the company boosted its LNG trading capabilities. The independent company traded 8.1 million mt in the financial year that
Gazprom says Nord Stream 2 project on track
A new export gas pipeline running from Russia to Europe across the Baltic Sea is expected to be completed “on time”, according to the Russian gas giant Gazprom. “The members of the (Gazprom) management committee expressed confidence that Nord Stream 2 would be completed on time and brought into oper
Top news of the week December 4-9
Eni completes $4.7 billion Coral South FLNG financing Italy’s state-controlled energy giant Eni said on Wednesday it has closed $4.7 billion financing for its Coral South floating liquefied natural gas (FLNG) project in Mozambique. Infrastructure failure hits Pakistan’s second LNG terminal Pakistan’
Regas volumes at Lithuanian LNG terminal jump in November
Liquefied natural gas (LNG) volumes at Lithuania’s first and only import terminal in the port of Klaipeda rose significantly in November compared tot he same month a year ago.
Jumbo, CMIH ink deal to build LNG-fueled crane vessel
Jumbo, the heavy lift specialist, signed a letter of intent with China Merchants Industry Holdings (CMIH) for detailed engineering and construction of an LNG-fueled DP2 heavy lift crane vessel.
Wison’s LNG Distributor design gets DNV GL AIP
Wison Offshore & Marine said its LNG Distributor (LNGD) received approval in principle from DNV GL following validation of the vessel’s design with 10,000 cubic meter storage capacity.
Excelerate snaps up Exmar’s stake in four FSRUs
Excelerate Energy closed the acquisition of Exmar’s shares in four floating storage and regasification units (FSRUs), the Excelerate, Explorer, Express and Excelsior, all under long-term charters to Excelerate.