Clean Fuel
French antitrust body orders Engie prices to reflect costs
By Geert De Clercq PARIS (Reuters) – France’s competition authority said on Monday it had ordered energy company Engie to ensure its prices for natural gas sales to companies better reflect its costs. The antitrust body said that it had ruled today that Engie had set tariffs for individual price off
Drewry: LNG shipping rates to stay low until 2018
Earnings for LNG shipowners are expected to improve from 2018 onwards as the majority of U.S. facilities come online, according to the shipping consultancy Drewry.
Gazprom, Shell talk Sakhalin 2 expansion progress
Gazprom’s Chairman Alexey Miller discussed the ongoing FEED process for the Sakhalin 2 project’s third liquefaction train with Shell’s CEO Ben van Beurden, at a meeting in St. Petersburg.
Engie Q1 profits down
French utility and LNG player Engie posted a drop in its profits in the first quarter of this year due to lower gas and power prices. Engie said in a statement on Friday its earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 1.7 percent to 3.5 billion euros ($4 billion), w
Top news of the week April 24-30, 2016
Shell to shut BG’s head office in Reading Hague-based LNG giant Shell said it will close BG Group’s head office in Reading by the end of this year following the multi-billion merger that was completed in February. Update: Shell scraps FLNG order at SHI South Korean shipyard, Samsung Heavy Industries
Golar LNG, Schlumberger stay committed to FLNG parntership
Golar LNG, the owner and operator of LNG carriers on Friday informed that its framework agreement with Schlumberger is unaffected by the latter’s withdrawal from the Fortuna/Ophir development.
Yamal LNG secures $12 bln from Chinese banks
Novatek-operated giant Yamal LNG project in Russia has secured a loan from Chinese banks worth more than US$12 billion.
Exmar’s LNG numbers climb in first quarter
Belgium’s Exmar said on Friday its LNG business earned $13.3 million in the first quarter of this year, a rise of 49 percent as compared to the same period a year before. The company’s net income of $9.3 million was almost flat as compared to $9.4 million a year before, Exmar said in its statement.
Ophir says Fortuna FLNG talks with Schlumberger terminated
London-based Ophir Energy said on Friday it has terminated discussions with Schlumberger regarding the participation in the Fortuna FLNG project in Equatorial Guinea. The two companies signed in January a non-binding agreement under which Schlumberger would receive a 40% economic interest in the For
Q-Max heading for South Hook LNG
The UK’s South Hook LNG terminal is scheduled to receive another cargo of liquefied natural gas from Qatar later next week.
GasLog Partners’ first quarter profit up 26 pct
GasLog Partners, the Monaco-based owner and operator of LNG carriers said Thursday its first-quarter net income rose 26 percent as compared to the same period a year before.
Hoegh LNG still looking to secure contract for its 7th FSRU
Oslo-Based Höegh LNG said it is still working to secure a long-term contract for its only uncommitted FSRU, currently under construction at South Korea’s Hyundai Heavy Industries. The company’s seventh FSRU is due to be delivered in the first quarter of 2017. The FSRU is currently offered to “three
Engie, Port of Antwerp reveal LNG bunkering hub details (Video)
The Port of Antwerp Authority has granted the French LNG player Engie a 30-year concession for the development of an LNG bunker and filling station.
Poland’s LNG terminal preparing for first commercial cargo
Poland’s LNG import terminal in Świnoujście is in final preparatory works as it is gearing up to receive its first commercial cargo from the world’s largest LNG exporter, Qatar.