Clean Fuel
Medvedev discussing LNG supply to Asia-Pacific markets
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, delivered a report “Gazprom in Sakhalin. LNG Supply to Asia-Pacific Markets” within the 18th Annual Conference “Sakhalin Oil & Gas 2014.” Medvedev pointed out that the Asia-Pacific region was the world’s most rapidly growing an
GasLog Partners in public offering to fund LNG duo acquisition
GasLog Partners announced a public offering of 4,500,000 common units. The partnership intends to grant the underwriters a 30-day option to purchase up to 675,000 additional common units from the partnership, it said in a statement. GasLog Partners plans to use the net proceeds from the public offer
Low carbon award goes to Gasrec
Gasrec, European supplier of liquefied gas fuel for transport, was awarded the coveted Low Carbon Fuel Initiative of the Year award at the recent Low Carbon Champions Awards in Milton Keynes. The judges said: “Gasrec’s 85% growth in biomethane sales over 18 months is highly impressive. They have a s
Dynagas LNG Partners adds to its fleet
Dynagas LNG Partners, an owner and operator of LNG carriers, has entered into an agreement to buy the Yenisei River LNG tanker for about $257.5 million. The company will purchase the 2013 built ice class vessel and the related time charter contract from Dynagas Holding, the partnership’s sponsor, it
South Stream designer for Hungarian section soon to be known
Budapest hosted a working meeting between Gazprom’s Alexey Miller and Viktor Orban, Prime Minister of Hungary. “The talks were focused on the issues of reliable and uninterrupted gas supplies in the coming winter period. The parties paid special attention to the implementation of the South Stream pr
ExxonMobil not leaving Far-Eastern LNG project
US energy giant ExxonMobil will not withdraw from the Far-Eastern LNG plant project, even though recent reports in the media suggested otherwise. The vice president of Russia’s Rosneft, Vlada Rusakova said that she received no information about the alleged withdrawal of ExxonMobil, adding that she h
German residential developers choose natural gas as heat fuel
Natural gas remains the most popular fuel for German residential developers, show the latest figures from the Federal Statistical Office. According to the Office report, quoted by Wingas, 103,000 new residential buildings were constructed in Germany in 2013. In 50.6 % of them, natural gas was used a
Portugal awaits LNG cargo
Portugal’s Port of Sines will get a shipment of liquefied natural gas from Qatar next week. The 216,164 cbm Al Utouriya is expected to arrive at the Sines LNG import terminal on October 3, according to port data. The LNG terminal, owned by REN Atlântico, processed 41 tankers last year. It also condu
Gazprom, Belarus talk gas cooperation
Alexey Miller of Gazprom and Igor Petrishenko, Ambassador Extraordinary and Plenipotentiary of Belarus to Russia, met on Friday as part of the XIII International Investment Forum “Sochi-2014”. “The parties discussed the current state and development prospects for the cooperation between Russia and B
Rolls-Royce: tale of two LNG-fueled tugs (VIDEO)
The world’s first escort tugs fueled solely by LNG and powered by Rolls-Royce engines, are already proving themselves at a gas-processing terminal in Norway. https://www.youtube.com/watch?v=MjVLecU95cU The Rolls-Royce propulsion package includes the gas tank and supply system and two of the latest d
Swedbank grants EUR 83.33 mln credit to Litgas
Litgas, a unit of Klaipedos Nafta, said it was granted an 83.33 million Euro credit by Swedbank. The company will use the funds to finance its LNG activities. Litgas General Director Dominykas Tuckus said that the 5-year deal with Statoil provided the company with the ability to work out very compet
Siemens to acquire Dresser-Rand
German engineering giant Siemens said it has entered into an agreement to buy Dresser-Rand, a U.S. oil, gas and small-scale LNG equipment maker. Siemens’ bid was unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in cash, or a total transaction value
Yamal LNG to get NWF support
Russia’s sanction-hit companies such as Novatek might get government support through the National Wealth Fund. A minister said that Novatek might receive funds for its Yamal LNG project after the country’s second gas producer, submitted a request for support to the Economy Ministry, in the amount of
Port of Antwerp seeks market consultation on LNG bunkering station
By the beginning of 2016 the port of Antwerp will have an LNG bunkering and filling station for barges. The procedure for construction of the station is currently under way. In order to brief the future constructor as fully as possible about the facilities that the station must offer, the Port Autho