Clean Fuel
Statoil Delivers LNG Cargo to China
Statoil of Norway delivered its first cargo of liquefied natural gas to China on April 16, the Royal Norwegian Embassy in China said in a statement. Approximately 144,000 cbm of LNG was sold to CNOOC and delivered into their Zhuhai receiving terminal in Guangdong province, according to the statement
WoodMac: Impact of Ukraine Crisis on Russian Gas Flow to Europe
On Monday 16th June 2014, Russia cut off gas to Ukraine, in a long running dispute over unpaid bills. Over the last few months Wood Mackenzie has assessed the impact of the potential disruption of Russian gas supplies to Europe via Ukraine – a key transit route. Key considerations about the disrupti
Klaipedos Nafta Seeks LNG to Test Terminal
Klaipedos Nafta is looking to buy up to 170,000 cubic meters of LNG on a spot basis in order to test Lithuania’s first LNG terminal, which is expected to come online in December, Reuters informs. Klaipedos Nafta has signed a 10-year deal with Norway’s Hoegh LNG to lease an FSRU which will serve as a
Gazprom: LNG the Efficient Means of Export Diversification
The Gazprom headquarters hosted a press conference entitled “Gazprom in Eastern Russia. Entry into Asia-Pacific Markets” on the threshold of the annual general shareholders meeting. Taking part in the conference were Vitaly Markelov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management C
Eni Continues Buyback Programme
Eni, pursuant to the resolution passed by the Shareholders’ Meeting of 8 May, will continue the execution of its buyback programme in accordance with the terms already announced to the market. Purchases will start from 23 June 2014. The programme represents an effective and flexible management tool
Gazprom Turns to European Underground Storage Facilities
During the coming winter Gazprom Export will use the capacities of the European underground storages to compensate for each of the peak demands and not count on the use of Gas Transportation System of Ukraine. Gazprom took the decision to increase gas injection into the European underground storage
Fluxys: CREG Lays Down New Tariff Methodology
Following constructive consultation with Fluxys Belgium and Fluxys LNG, CREG has laid down the draft new tariff methodology for transmission, storage and LNG terminalling activities which is to become effective as from the next regulatory period 2016-2019. The aim is to offer both the market and the
INEA: LNG-Powered Vessel Inaugurated
The Innovation and Networks Executive Agency (INEA) inaugurated the “Eiger-Nordwand”, the first inland waterway vessel to be retrofitted with pollution-reducing Liquefied Natural Gas (LNG) engines. This pilot vessel represents one of the milestones of the EU-supported “LNG Masterplan Rhine-Main-Danu
Shell Joins NGVA Europe
Shell has joined NGVA Europe, the Natural & bio Gas Vehicle Association. The company is a major player in the global energy market, with its business activities including exploration and production, refining, distribution and marketing as well as petrochemicals, biofuels and trading. Referring to Sh
Negotiations Over Gulf of Finland LNG Terminal Continue
Finnish energy company Gasum and the Estonian energy company Alexela have submitted their proposal to the European Commission and the representatives of both countries governments concerning a liquefied natural gas (LNG) import terminal to be constructed on the Gulf of Finland. As reported earlier,
KSB Invests in French Production Site
The KSB Group made an investment of 12 million euros in its La Roche-Chalais factory located in the west of France. The aim is to strengthen and extend the company’s position on the global cryogenic valves market. The new building, which will measure around 4,400 square metres, is designed to accomm
LNG Tanker Explorer Encounters Problems Off India
Exmar Shipmanagement, managers of the LNG carrier Explorer, reported that the vessel experienced a fire in the engine room on June 14 about 240 west of Mumbai, India. “The fire was promptly extinguished by the ship’s crew using portable fire extinguishers. No casualties or injuries occurred, but the
Dynagas LNG: Underwriters Exercise Option
Dynagas LNG Partners said that, in connection with its previously announced underwritten public offering of 4,800,000 common units representing limited partner interests at S22.79 per common unit, the underwriters exercised in full the option granted to them by Dynagas Partners and purchased an addi
EU Rejects Plan for LNG Terminals in Finland, Estonia
The Finnish government said they have to start over with the joint project with Estonia after the EU Commission said a proposed two-terminal model would not be eligible for subsidies. Estonia and Finland proposed in February to build two new LNG terminals on either side of the Gulf of Finland with a