Clean Fuel
Klaipedos Nafta signs two LNG terminal deals
Klaipedos Nafta, the operator of Lithuania’s first LNG import terminal, said Friday its has signed terminal usage deals with Lietuvos Duju Tiekimas and Achema. According to a statement by Klaipedos Nafta, Lietuvos Duju Tiekimas has been allocated LNG regasification capacities of 2383478.06 MWh for a
Sakhalin Energy says LNG repair work to last until March
Sakhalin Energy, the operator of Russia’s LNG plant in Prigorodnoye, said Friday that the repair and recovery work related to a technical “glitch” that occurred on January 26 will last until March. The Sakhalin-2 project reported production problems last week at its 9.6 mtpa LNG export facility afte
Lithuania’s LDT buys LNG from Statoil
Lietuvos Duju Tiekimas, a natural gas unit of state-controlled energy group Lietuvos Energija, said Friday it has entered into a deal to buy LNG from Norwegian energy giant Statoil. Under the deal, Lietuvos Duju Tiekimas (LDT) will be purchasing chilled gas from Statoil until October this year, meet
BG Q4 profit drops 54 percent
BG Group, the UK-based LNG player being acquired by Shell, reported on Friday a 54 percent decline in its fourth-quarter profit due to a downturn in oil and gas prices. BG’s earnings stood at $423 million in the fourth quarter as compared to $915 million a year earlier. The company’s full-year earni
UK: South Hook books another Qatari LNG cargo
The UK’s South Hook LNG terminal is scheduled to receive its third cargo of Qatari liquefied natural gas for the month of February. The 210,157 cbm Q-Flex carrier Umm Al Amad set off from the port of Ras Laffan in Qatar, and is scheduled to dock at the South Hook terminal on February 12, port data [
Total inks LNG deal with China’s ENN
French gas and oil giant Total said Thursday it has signed a deal to supply liquefied natural gas to China’s privately-owned ENN Group. Under the deal, Total will supply ENN with 0.5 million tonnes per year of LNG for a period of 10 years. The deliveries will be sourced from Total’s global LNG portf
Shell’s annual profits nosedive
Royal Dutch Shell, whose shareholders recently approved its takeover of LNG player BG, reported an 87 percent drop in annual profits to $1.94 billion. Shell’s quarterly earnings dropped by 58 percent to $939 million due to falling oil and gas prices, the Anglo–Dutch multinational said on Thursday. “
Klaipedos Nafta: LNG regas volume hits record level
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal informed that sales revenues from the import facility reached €5.9 million in January, a rise of 9.3 percent as compared to the same month in 2014. During January, LNG terminal regasified and supplied 1.071 thousand MWh of natural ga
Statoil’s net loss deepens
Statoil of Norway said it plans to further cut spending after reporting a drop in fourth-quarter profit on Thursday. The Norwegian oil and gas giant is reducing organic capital expenditure from $14.7 billion in 2015 to around $13 billion in 2016. Statoil reported a net loss for the fourth quarter of
CORE LNGas project wins EU backing
The European Commission has selected the CORE LNGas project to promote LNG as fuel, particularly for maritime transport of the Iberian Peninsula. EU selected the CORE LNGas hive initiative among the projects submitted for the 2014 Connect Europe Facility (CEF) Transport Calls for the development of
Asia’s spot LNG prices rise on Sakhalin outage
The prices of spot liquefied natural gas in Asia are climbing after hitting a 6-year low in late January, due to production problems at Russia’s LNG export facility located on Sakhalin Island. The Platts March JKM rose 30 cents/MMBtu to $5.35/MMBtu Tuesday, and bids emerged close to $6/MMBtu by earl
LNG tanker due at Sines terminal this week
REN’s Sines LNG import terminal in Portugal is expected to receive a cargo of liquefied natural gas on Friday. The 75,000 cbm Cheikh El Mokrani is transporting the cargo from Algeria’s Skikda liquefaction plant, port data reveals. The LNG terminal in Sines lies on Portugal’s Atlantic coast in the in
Russia ups gas exports to Austria
Russian gas exports to the Austrian market grew by 76.2 percent in January versus the same month in 2015. This was revealed during a meeting in Moscow held Tuesday between Alexey Miller of Gazprom and Reinhold Mitterlehner, Austrian Vice Chancellor. Throughout 2015, the gas deliveries to Austria ros
DEME orders another LNG dredger
Belgian dredging company DEME said on Monday it has ordered another dual-fuel dredger at the Dutch shipyard Royal IHC. The dual-fuel engines can either be run on diesel fuel or liquefied natural gas (LNG). IHC will provide the turnkey delivery of the entire vessel, including the dredging, electrical