Clean Fuel
Total’s profit, LNG sales up in Q1
French gas and oil giant Total reported a 56 percent jump in its adjusted net income during the first three months of 2017.
Poland secures its first U.S. LNG cargo
In its efforts to diversify the supply sources of liquefied natural gas, Poland secured a spot cargo delivery of U.S. LNG to its import terminal President Lech Kaczyński in Swinoujscie.
Exmar, Vopak back out of FSRU deal
Belgium’s Exmar said that together with the Dutch terminal operator Vopak, it has decided not to pursue the FSRU business sale.
Baltic Exchange in LNG move
The Baltic Exchange said on Wednesday it aims to move into the LNG and container spaces as part of plans to boost its role in the maritime industry. The Baltic Exchange, along with its parent company the Singapore Exchange, plans to develop a freight LNG index to support its spot LNG pricing and Sin
Novatek’s profit drops as revenue climbs
Novatek of Russia on Wednesday reported a 38.7 percent drop in profit for the first quarter of 2017 due to the foreign exchange effect and the effect of the disposals of interests in joint ventures.
Liqvis, Meyer Logistik open Berlin’s first LNG station
Uniper’s unit Liqvis and the food industry service provider Meyer Logistik opened the first publicly accessible fueling station for liquefied natural gas in Berlin.
Picture of the day: first Q-Flex at Mugardos LNG terminal
The Mugardos LNG import terminal located in Galicia region and operated by Spain’s Reganosa has received its largest liquefied natural gas vessel up to date. The 216,203-cbm Q-Flex carrier Al Utoriya arrived on Tuesday at the Mugardos facility in the Ferrol port carrying a cargo from the world’s lar
Høglund scores LNG bunkering vessel automation contract
Høglund Marine Automation has won contracts to supply automation systems for an LNG bunker vessel Bernhard Schulte, and two chemical tankers for Sirius Shipping.
Drewry cuts freight rate outlook for LNG shipping
Given the mounting pressure on freight rates and continuing fleet growth over the next two years, excess LNG tanker supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according to the shipping consultancy, Drewry. The consultancy maintains a bea
Evergas names seventh LNG-fueled carrier
Danish shipping company, Evergas, named the seventh LNG-fueled “Dragon” class carrier at Sunoco’s terminal in Marcus Hook by Philadelphia.
Wärtsilä’s first quarter order intake grows
Finnish engine manufacturer Wärtsilä order intake during the first three months of 2017 grew 11 percent to €1.41 billion (US$1.55 billion) from €1.27 billion in the corresponding period in 2016.
Gazprom CEO sees share of EU gas market rising despite LNG rivals
By Dmitry Zhdannikov LONDON (Reuters) – A new pipeline from Russia’s Arctic fields to Germany will boost Moscow’s share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said. Chief Execut
Decal, San Marco Petroli plan Italian LNG facility
Italian companies Decal and San Marco Petroli have unveiled plans to build a liquefied natural gas (LNG) storage terminal in Porto Marghera, Venice. The duo said in a statement issued last week that they have completed the feasibility study for the construction of the LNG terminal able to receive fe
Enagás’ first quarter profit rises
Spanish LNG terminal operator, Enagás reported a net profit of €102.8 million (US$111.9 million) in the first quarter of 2017.