Clean Fuel
PIRA: bargain buying in India offers peek into future spot trade
NYC-based PIRA Energy reported that India’s bargain buying offers peek into future spot trade. In Europe, commercial flows manage to dodge chaos, but risk remains real. The question of opportunistic buying remains a compelling one in the LNG trade. When it does not occur (China, with one exception,
Picture of the day: FSRU Hoegh Gallant
Höegh LNG’s third FSRU, the 170,000 cbm Höegh Gallant, is expected to start operating as an LNG import terminal in Egypt by the end of 2014. The company signed earlier this year a letter of intent with Egyptian Natural Gas (Egas) to lease the FSRU for a period of five years. The Höegh Gallant is equ
Enagas: increased use of LNG storage facilities
Enagás of Spain said that the use of the LNG storage facilities at its plants has grown significantly over this last quarter and has increased from an average monthly use of 40% in the previous year to 60% in the month of September 2014. Furthermore, storage usage in several days in August reached 7
Offshore Energy: ABS to discuss requirements for LNG fueled OSVs in the US
As of 1 January 2015, the sulfur emissions limit applicable to ships and offshore support vessels (OSVs) operating in emission control areas (ECAs) will drop to no more than 0.10 %. Lynnda Pekel, Manager Offshore Technology and Business Development at ABS will illustrate what innovative design solut
GTT revenues climb 11 pct
France’s GTT said its revenues for the first nine months of this year rose 11 percent to €173.6 million as compared to the year before. Philippe Berterottière, Chairman and CEO of GTT said: “Our order book stood at 114 units at the end of September thanks to an exceptional order intake of 19 ships d
Statoil CEO Helge Lund resigns to lead LNG player BG
Statoil’s CEO Helge Lund will leave after ten years with the company to take up the position as Chief Executive of LNG player BG. “I could have continued for a period, but there is a time for everything. Renewal is important, both for Statoil and for me. I came to the conclusion that the time was [&
60th SIGTTO Panel Meeting held in Livorno
A visit onboard the OLT Terminal, FSRU Toscana, concluded the 60th SIGTTO Panel Meeting in Livorno. 133 participants, among international operators and experts on LNG, took part to the event, hosted by OLT Offshore LNG Toscana, the company which owns and operates the floating regasification terminal
Rosneft, CNPC strengthen cooperation
Rosneft and Chinese National Petroleum Corporation (CNPC) signed an agreement for the extensions of strategic cooperation. The agreement envisages elaboration of current and potential strategic cooperation areas. “The document also foresees the fueling of a deeper collaboration in these areas. In pa
Brittany Ferries shelves LNG fuel plans
Brittany Ferries of France said it has scrapped plans to build an EUR 270 million LNG-fuelled newbuilding and convert its existing ships to run on the chilled gas. Brittany Ferries chairman Jean-Marc Roue said that the company did not win a temporary exemption for its fleet from next year’s new sulp
Gazprom, CNPC ink technical agreement on gas supplies via eastern route
Gazprom’s Alexey Miller and Wang Dongjin, Vice President of CNPC, signed a technical agreement in Moscow. It is a supplement to the purchase and sale agreement on natural gas supplies via the eastern route, Gazprom said in a statement. The technical agreement defines basic parameters of design, cons
Director of Sovcomflot UK takes part in Arctic Committee session
Nicholas Fairfax, Director of Sovcomflot UK, recently participated in the session of the Arctic Committee of the House of Lords. In his speech, Fairfax informed on experience of Arctic operations of SCF ships and transit voyages of the company’s tankers via sea lanes of the Northern Sea Route, Sovco
Gazprom gas sales up
Russian gas giant Gazprom said its net sales of gas increased by 7% to RUB 1,586,671 million in the six months ended June 30, compared to the same period a year ago. For the six months ended June 30 net sales of gas to Europe and other countries increased by RUB 58,777 million, or 7%, to […]
China meets Europe at DNV GL maritime headquarters in Hamburg
The future of EU–China relations, the country’s investment in Europe as well as sustainable growth and environmental protection in the Chinese economy were just some of the topics on the agenda at the 6th Hamburg Summit last weekend. To foster new relationships and honour key players for their effor
Gas Natural Fenosa to buy CGE, eyes LNG expansion
LNG player Gas Natural Fenosa of Spain said it has signed a deal to acquire Chile’s Compañia General de Electricidad (CGE) for EUR 2.6 billion. Gas Natural Fenosa plans to buy 100 percent of CGE’s stock, taking a minimum initial stake of 54,19 percent, according to a statement by GNF. CGE, an electr