Clean Fuel
Voestalpine gets South Stream contract
Voestalpine Group secured its third major contract to deliver 120,000 tons of sour-gas-resistant, high-strength linepipe plates for the second South Stream pipeline by spring 2015. The South Stream contract is not affected by sanctions. Further negotiations are also currently underway concerning ext
South Hook awaits more Qatari LNG
The UK’s South Hook import terminal will get another cargo of LNG from Qatar on September 12, port data reveals. Cargo is being shipped to the facility that can process 15.6 million tonnes of LNG a year onboard the 266,000 cbm Al Mafyar. This will be the second shipment from Ras Laffan to South Hook
Polish LNG terminal storage capacity to increase
Poland could be expanding the storage capacity at its Swinoujscie LNG import terminal to equal half its annual consumption as the interest in the market rose significantly due to constant pushes to cut dependence on Russian gas. Gaz-System’s CEO Jan Chadam said the terminal could add a third storage
SGMF to make global launch
The Society for Gas as a Marine Fuel (SGMF) will formally launch, globally, at the Singapore International Bunkering Conference and Exhibition (SIBCON) on October 15. SGMF, which exists to promote safety and industry best practice in the use of LNG as a marine fuel will take part in the conference w
PM: Lithuania-Poland gas link to be done in 2020-2024
Lithuanian Prime Minister Algirdas Butkevicius said that the Lithuanian-Polish gas link project should be finished in 2020-2024. Butkevicius said that the Baltic countries will be integrated into the European gas pipeline system with the completion of this project, reports Leta/Elta He added that, w
EU prepares for Russian gas cuts
The European Union is preparing to take precautionary measures in case the biggest gas supplier, Russia, cuts its export this winter due to the crisis in Ukraine. Measures could include the ban to companies selling imported LNG outside Europe, the order to keep more gas in reserve and the order to i
PIRA: weather role in Asian spot LNG prices formation expands
NYC-based PIRA Energy Group believes that weather’s role expands in Asian spot price formation. In the U.S., the build matches expectations, but the market focuses on coming heat. In Europe, it is difficult to look beyond Ukraine in European spot price outlook. Spot LNG price mechanisms are just bar
Centrica buys back more shares
Centrica plc said it purchased (through Barclays Bank PLC) 1,000,000 Centrica plc ordinary shares at an average price of 325.7712 pence per share. The highest price and the lowest price paid for these shares were 326.00 pence and 325.20 pence respectively. The purchased shares will be held as treasu
StealthGas acquires two LPG carriers
StealthGas, a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today as part of its fleet expansion program the acquisition of two newbuilding LPG vessels. The company exercised the acquisition options with a Korean yard
TGE Marine signs LNG bunkering vessel contract
TGE Marine Gas Engineering signed a contract for one firm and one optional vessel for the design and supply of the cargo handling system, LNG fuel gas system and LNG cargo tanks for the world’s first LNG bunker ship of 5,100 m3 capacity with Hanjin Heavy Industries, Korea. The ship was ordered by NY
LNG Pskov perfoms its first bunkering operation in Russia
Gazprom Marketing & Trading’s newly delivered LNG carrier Pskov has received bunkers (Heavy Fuel Oil and Marine Gas Oil) at the port of Nakhodka in the Primorskiy Region of Russia. This marks the first time a GM&T time-chartered LNG vessel bunkered in a Russian port. Bunkers were provided by another
Platts: natural gas prices rose in August
Colder weather, reduced liquefied natural gas (LNG) send-out from terminals into the U.K. gas network and an escalation in the Ukraine/Russia conflict lifted European natural gas prices in late August according to data released by Platts. “U.K. spot natural gas prices briefly dipped under 35 pence p
Jordan to buy Leviathan gas for 15 years
Noble Energy announced the execution of a non-binding Letter of Intent (LOI) to supply natural gas from the Leviathan field, offshore Israel, to the National Electric Power Company (NEPCO) of Jordan. Under terms of the LOI, Noble Energy and the Leviathan partners will supply a base gross quantity of
Wartsila signs 2-stroke engine licence agreement with JAD
A licence agreement covering the manufacture and sales of Wärtsilä 2-stroke engines has been signed between Wärtsilä Switzerland Ltd and China based Jangsu Antai Power Machinery Co. Ltd. (JAD). JAD is the former large horse-power division of Wuxi Diesel Engine Plant. Under the terms of this agreemen