Clean Fuel
Höegh LNG Partners third quarter profit soars
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG, reported a significant rise in its net profit for the third quarter of 2016.
Interview with Nakilat MD on LNG market dynamics
At the mention of Nakilat, the first thought that springs to mind are those giant Q-Max and Q-Flex LNG tankers, the royalty of the LNG shipping industry. Nakilat’s (Qatar Gas Transport Company) current fleet stands at 63 wholly- and jointly-owned LNG carriers including 18 conventional-sized vessels.
Höegh LNG’s profit declines as FSRU send-out rate more than doubles
Höegh LNG reported a third-quarter profit after tax of US$3.3 million, declining slightly compared to the $3.5 million in the previous quarter of 2016.
Klaipedos Nafta, Kongsberg form LNG ties
Lithuanian LNG terminal operator Klaipedos Nafta has signed a memorandum of understanding with Kongsberg Maritime to cooperate in the field of liquefied natural gas terminals.
Hoegh LNG “making progress” on securing work for its 7th FSRU
Oslo-Based Höegh LNG said Thursday it is still in negotiations on securing employment for its seventh FSRU, currently under construction at South Korea’s Hyundai Heavy Industries. The floating LNG company is “making progress” on finding work for the FSRU, on schedule for delivery in March 2017, as w
Shearman & Sterling advises OneLNG on JV deal with Ophir
New York headquartered law firm Shearman & Sterling advised OneLNG on its agreement to establish a joint operating company with Ophir Energy to develop the Fortuna FLNG project off Equatorial Guinea.
IEA sees annual gas demand growth at 1.5 pct
Global natural gas demand is projected to grow by 1.5 percent to 2040 with the markets, business models and pricing arrangements all in flux, according to IEA’s World Energy Outlook 2016.
DNV GL advances support for adoption of LNG as fuel
The widespread adoption of LNG as fuel is facing a number of challenges one of which is the varying composition of LNG fuel globally.
IEA: gas and renewables ‘winners’ of the next 25 years
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, the International Energy Agency said in its latest World Energy Outlook.
Golar LNG raising funds through stock offering
Golar LNG on Monday said it has offered 6,500,000 shares of its common stock priced as US$23.50 per share.
Novatek CEO: first Yamal LNG cargo on track
Novatek’s giant Yamal project in Russia is on track to ship its first cargo of LNG by the end of next year with the project’s plant around 85 percent complete, according to Novatek’s CEO Leonid Mikhelson.
Dunkirk LNG’s third commissioning cargo arriving from Qatar
The third cargo to be used for the testing purposes of Dunkirk LNG, France’s fourth liquefied natural gas import terminal, is set to arrive next week.
FSRU Höegh Grace receives first cargo in Colombia
Norway-based Höegh LNG said its FSRU Höegh Grace received its first cargo in Cartagena, Colombia.
EAGC: will we see another Prelude FLNG?
Hague-based energy giant Shell, that is currently constructing the world’s largest floating LNG producer, Prelude FLNG, may consider building another unit of that size – depending on the market, Marjan van Loon, Shell’s top executive in the Netherlands said on Tuesday.