Clean Fuel
Report: Asian LNG prices rise above $8/mmBtu
Prices for liquefied natural gas (LNG) have increased to their highest since mid-2015 in Asia, boosted by plans by OPEC and Russia to cut crude oil production. Spot prices for Asian LNG increased 50 cents from last week to around US$8.1 per million British thermal units (mmBtu), Reuters reported on
Gaz-System, Ukrtransgaz agree cooperation rules for gas interconnection project
Polish and Ukrainian natural gas transmission system operators set the rules of cooperation on the Gas Interconnection Poland-Ukraine project.
Qatar and Glencore buy $11.3 billion stake in Russia’s Rosneft
Anglo-Swiss commodity trader Glencore and Qatar’s sovereign wealth fund have purchased a 10.2-billion euro ($11.3 billion) stake in Russian oil and gas company Rosneft.
Prima LNG bunkers first LNG-fueled PSV to be deployed in Australia
Prima LNG, the small-scale liquefied natural gas unit of SHV Energy, last week bunkered chilled fuel to the Siem Offshore’s PSV Siem Thiima, at the port of Amsterdam.
Picture of the day: Italy’s first U.S. LNG cargo
Italy has received its first cargo of U.S. liquefied natural gas (LNG) produced from shale gas. As previously reported by LNG World News, Awilco LNG’s 156,007-cbm WilPride delivered the Sabine Pass cargo to FSRU Toscana located off the Italian coast between Livorno and Pisa. The discharging operatio
Trafigura boosts LNG trade by 53 pct
Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 53 percent in the 2016 financial year as the global LNG market continued its rapid expansion. The independent trading company increased its LNG trade to 6.4 million mt in the financial year ended September 30,
Klaipedos Nafta’s LNG revenue climbs
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said on Wednesday that the import facility earned 3.5 percent more in the January-November period. Sales revenues coming from the regasification activity from Höegh LNG’s FSRU Independence located in the port of Klaipeda were at 61.4
Shell to sign initial Iran oil and gas development deals – Iran
DUBAI (Reuters) – Royal Dutch Shell will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world’s second biggest listed oil firm in Iran since sanctions were lifted. Analysts said the deals showed major oil companies were pre
One of the world’s largest gas fields boosted by $1 billion ADB loan
The Asian Development Bank said Wednesday it will loan $1 billion for the expansion of Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields. The loan consists of a $500 million private sector loan to the Southern Gas Corridor Closed Joint Stock Company (SGC) and a $500 million sovereign
Samsung Heavy scores Hoegh LNG FSRU quartet
Norway’s Höegh LNG said it has signed a letter of intent for one firm and three optional FSRUs at Samsung Heavy Industries in South Korea. According to a statement by Höegh LNG, the vessels have scheduled delivery dates of two units in 2019 and two vessels in 2020. The 170,000-cbm FSRUs will have a
Dreifa Energy, Bernhard Schulte join forces on floating regas solution
Oslo-based Dreifa Energy said it has teamed up with Germany’s Bernhard Schulte Shipmanagement to materialise its floating LNG regasification solution. Dreifa is a new company established by Flex LNG co-founders, Jostein Ueland and Trym Tveitnes that left Flex LNG earlier this year. Ueland and Tveitn
Shareholders approve Technip, FMC merger
Shareholders of both French LNG-engineer Technip and Houston-based FMC Technologies voted on Monday to approve the proposed merger between the two companies. According to a joint statement by Technip and FMC, shareholders for the two companies met in separate meetings and approved resolutions to com
Portugal’s Sines LNG terminal to receive cargo
REN-operated Sines LNG import terminal in Portugal is to receive a fresh cargo of the chilled fuel, shipping data by the Port of Sines shows. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the 175,000-cbm LNG Abuja II. The newbuild carrier delivered to NLNG th
Magnolia, Meridian LNG offtake deal extended
An offtake agreement between US Magnolia LNG export project in Louisiana and Meridian LNG, a proposed FSRU-based import project in the UK, has been extended. The proposed 8mtpa Magnolia LNG and UK’s Meridian LNG have agreed to further extend the financial close date condition precedent for Magnolia