Clean Fuel
LNG market rebalancing to stall until 2020s, study says
The LNG market is expected to hit the bottom of a boom-bust cycle over the next five years, a report by Aurora Energy Research shows.
Eni enhances energy cooperation with NNPC
Eni, the holder of a 10.4 percent stake in the Nigeria LNG project is looking to strengthen its partnership in the African country.
Spanish gas demand hits record, again
Spanish LNG terminal operator, Enagás, said that daily natural gas demand in the country had reached another record high due to the current cold snap. Spanish daily natural gas demand reached 1.59 TWh on Thursday. This figure exceeds the previous record registered on Wednesday and is the highest num
CMAL preps for Scottish LNG ferries
Scotland’s Caledonian Maritime Assets has awarded a contract to Wallace Stone Consulting Engineers for design development work in advance of the introduction of a new LNG-powered ferry on the ‘Skye Triangle’ in 2018. The work will include design development at CMAL’s Tarbert ferry terminal, and Loch
Hoegh LNG nets $178 million in bond sale
Norway-based floating LNG giant Höegh LNG has completed the previously announced bond sale worth NOK 1.5 billion ($178 million). The bond issue was substantially oversubscribed and would be swapped from floating 3M NIBOR to fixed USD interest rate, the Oslo-based company said on Thursday. The net pr
Spanish gas demand reaches new record
Spanish LNG terminal operator, Enagás, said that daily natural gas demand in the country had reached a record high on Wednesday due to cold weather. The cold snap that hit most of Europe did not avoid Spain bringing lower temperatures, rain, wind and snow to the peninsula. Spanish daily natural gas
Russia’s Gazprom swings to profit in Q3
Russian energy giant Gazprom posted a net profit of 102 billion roubles ($1.7 billion) in the third quarter of 2016 as it benefited from a stronger rouble. Moscow-based Gazprom logged a loss of 2 billion roubles in the same quarter a year ago after a foreign-exchange loss. The company said its third
Big Oil back on the acquisition trail as outlook brightens
By Ron Bousso LONDON (Reuters) – The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have ann
Hoegh LNG eyes bonds issuance
Norway-based floating LNG giant Höegh LNG intends to issue senior unsecured bonds in the Norwegian market with maturity in February 2022. The net proceeds from the contemplated bond issue would be used for the part refinancing of the previous bond issue with ticker HLNG01 and general corporate purpo
Video: first small-scale LNG reload in Lithuania
The first small-scale LNG reload operation in Lithuania took place earlier this month at the Klaipedos Nafta-operated liquefied natural gas terminal in the port of Klaipeda.
Port of Gothenburg sees increase in LNG-fueled ship traffic in 2016
The number of ships receiving an environmental discount on port charges at the Port of Gothenburg increased 83 percent in 2016 compared to the previous year.
Höegh LNG orders new FSRUs at South Korean shipyards
Höegh LNG on Wednesday signed shipbuilding contracts with Samsung Heavy Industries and Hyundai Heavy Industries for two FSRUs.
Israel’s Edeltech to buy more Leviathan gas
The partners in the Leviathan gas field offshore Israel have entered talks to supply 14.8 billion cubic metres (bcm) of natural gas over 17 years to local electricity producer Edeltech. The parties signed a non-binding letter of intent with the aim to negotiate a binding agreement, Delek Drilling an
Angolan LNG cargo bound for Portugal
REN’s Sines LNG import terminal on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas over the weekend.