Clean Fuel
Centrica continues with share buy back
Centrica plc said it purchased (through J.P. Morgan Securities) 750,000 Centrica plc ordinary shares at an average price of 313.6966 pence per share. The highest price and the lowest price paid for these shares were 314.90 pence and 312.65 pence respectively. The purchased shares will be held as tre
Port of Gothenburg Supports LNG-Powered Ships
Ships powered by liquefied natural gas can expect a substantial reduction in the port tariff when they call at the Port of Gothenburg. The discount will come into effect in 2015 and will continue for four years. The aim is to induce more shipping companies to switch to cleaner fuel. Magnus Kårestedt
Top news of the week June 23-28, 2014
SNC-Lavalin to Buy Kentz SNC-Lavalin Group of Canada signed a deal to buy LNG engineering company Kentz for about 1.164 billion pounds ($1.98 billion) in cash. Chevron: Developing Latest LNG Technology (VIDEO) Chevron’s Global Technology Center in Perth, Australia collaborates with the Western Austr
Gazprom BoD Elects Chairman and Deputy Chairman
The annual General Shareholders Meeting of Gazprom was followed by a meeting of the company’s newly elected Board of Directors. The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller, Chairman of the Gazprom Management Committee was named as Deputy C
Damen, MTU and SVITZER Building CNG Tug
Three leading companies have teamed up to bring the first ever reverse stern drive (RSD) compressed natural gas (CNG) tug to the market. Damen Shipyards of the Netherlands, German engine manufacturer MTU Friedrichshafen, a subsidiary of Rolls-Royce Power Systems, and Denmark’s SVITZER have embarked
UK: Gas Imports Down in Q1
The UK’s imports of gas decreased by 21.3 per cent in the first quarter of 2014, compared to the same period last year, with shipped imports of LNG accounting for 9.0 per cent of all imports. Global competition for LNG has increased so there has been a substantial reduction in LNG imports into the U
IGU Participates in WPC in Moscow
IGU was represented at the World Petroleum Congress in Moscow 16-18 June 2014 with a high-level delegation. IGU President spoke at WPC-IGU Gas Forum on the role of LNG in an unconventional world. The panel included the Minister of Energy and Energy Affairs, Trinidad and Tobago and others. IGU had a
Exmar Closes Bond Issue
Exmar of Belgium has successfully closed a NOK 700 million (equivalent to USD 114 million) senior unsecured bond issue due in July 2017. All interest and principal payments have been swapped into USD at an all in fixed interest rate of 5.72%. The offering was significantly oversubscribed and EXMAR u
LNG Tanker Scheduled at South Hook Next Week
The Mozah LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on July 3, according to the Milford Haven Port Authority website. The South Hook LNG terminal, a part of the Qatargas 2 integrated value chain, is one of the largest LNG re-gas
Ukraine Looking to Import LNG from Croatia
Ukrainian gas transportation company Ukrtransgaz is looking into the possibility of importing LNG from Croatia under the Adriatic Gas Corridor project. Chief engineer Oleg Mikhalevich attending an international seminar on energy future and security in Tbilisi said: “Ukraine is considering joining th
Statoil Exposes LNG Workers to Risk at Hammerfest Terminal, PSA Says
Statoil has been issued with a notification of order concerning the use of an accommodation camp at Melkøya in connection with planned shutdowns at Hammerfest LNG terminal. On 20 February 2013, Statoil received consent to use the accommodation camp in connection with planned shutdowns at Hammerfest
Gaslog Adds Three LNG Vessels to Its Fleet
GasLog has completed the acquisition of three LNG carriers from an affiliate of BG. This completes the second acquisition of ships from BG by GasLog in 2014.The acquisition of the first three vessels was announced in January and completed in April. The three ships will be chartered back to BG for si
Elengy Offering Additional Capacities at Fos Tonkin LNG
Elengy, a unit of GDF Suez, is offering to the market additional access capacities at its Fos Tonkin LNG terminal during the winter 2014-2015 period. The interested shippers can submit a binding capacity request in the limit of the proposed additional access capacity from 25 June 2014 and 02 July 20
Gaslog orders LNG duo from HHI
GasLog said that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries (HHI) in South Korea. The vessels are expected to be delivered in the second half of 2017, and marks GasLog’s first orders from the world’s largest shipbuilder. The vessels have been ordered with p