Clean Fuel
Gaz-System Secures EIB Loan to Finance New Gas Pipeline
Gaz-System of Poland signed an agreement with the European Investment Bank (EIB) for the financing of the Lwówek – Odolanów gas pipeline being currently under design. The financing will consist in a project loan to be taken out by Gaz-System up to the maximum amount of PLN 410 million, which may be
Sakhalin II to Award 3-Cargo Tenders Soon
Trade sources have said that the Sakhalin II LNG export plant will award a sell tender for three cargoes soon. Cargoes will be loaded in August and September, Reuters reports. Long-term buyers and stakeholders in the projects have been offered the chance to buy the cargoes and not the wider market,
ExxonMobil Lifts LNG Award
Industry leadership in producing liquefied natural gas (LNG) earned Exxon Mobil an Excellence Award on Monday at the World Petroleum Congress in Moscow. ExxonMobil received the Excellence Award for Technical Development for its leadership in safety, environment and technology in the development of t
Lawsuits Fly in Russia-Ukraine Gas Conflict
After not being able to come to an agreement over gas debt issues Russian state owned Gazprom and Naftogaz of Ukraine both filed lawsuits at the Stocholm International Arbitrational Court. After notifying Naftogaz about the supply cut and switch to prepayment, Gazprom went on filing a lawsuit agains
Zeebrugge to Re-Export LNG Cargo
Belgium’s Zeebrugge liquefied natural gas terminal is due to ship a re-export cargo on July 1. The destination of the cargo is South Korea’s Incheon LNG terminal, operated by Kogas, the world’s largest corporate buyer of LNG. The GasLog Skagen LNG tanker, with a capacity of 155,000 cbm, will reach t
BP Presents 2014 Global Energy Review at WPC in Moscow
The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in 2013. Emerging differences in global economic performance, geopolitical uncertainty and ongoing debates about the proper
Gazprom: Ukraine Will Only Receive Prepaid Volumes of Gas
Gazprom said it has switched Naftogaz of Ukraine to a prepayment of gas supplies. The decision was made owning to persistent non-payments by Naftogaz of Ukraine. The overdue debt of the company for the supplied Russian gas equals USD 4.458 billion: USD 1.451 billion – for November and December 2013
Geveran Trading Buys Shares in Flex LNG
Geveran Trading, indirectly controlled by trusts established by John Fredriksen, has on 16th June purchased 12.672.164 shares in Flex LNG at a price of NOK 6,00 per share. Geveran Trading’s affiliated ownership in Flex LNG following this transaction 20.371.675 shares, constituting 16.1% percent of t
Linde Unit to Build Fuel Gas System for First LNG Icebreaker
The technology company The Linde Group has been awarded a contract by Arctech Helsinki Shipyard of Finland to build a liquefied natural gas (LNG) fuel gas system for a new icebreaker for the Finnish Transport Agency. The vessel has been designed especially for the demanding icebreaking operations in
Centrica Buys Back Its Shares
Centrica said it purchased (through J.P. Morgan Securities) 750,000 Centrica plc ordinary shares at an average price of 326.412 pence per share. The highest price and the lowest price paid for these shares were 327.70 pence and 325.75 pence respectively. The purchased shares will be held as treasury
Rosneft and ENH Sign MoU
Igor Sechin of Rosneft, Nelson Ocuane, President, of ENH (Mozambique National Oil Company) and Paulino Gregório, Director, ENH signed a Memorandum of Understanding at the 21st World Petroleum Congress on June 16, 2014. “Under the Memorandum, the parties will look into areas of mutual interest and co
Qatari LNG Heads to UK
The UK’s South Hook import terminal is expected to receive a cargo of liquefied natural gas from Qatar this week, port data shows. The Rasheeda LNG tanker, with a capacity of 266,000 cbm, is due to arrive at the South Hook terminal on June 22. The South Hook LNG terminal was fully commissioned in 20
Rosneft Holds Talks With DSME
Rosneft’s President Igor Sechin held talks with CEO of DSME Jae-ho Ko on 15th of June. “The parties discussed the progress of the project on establishment of a shipbuilding cluster in the Far East of Russia implementation. In particular, the proposal of Rosneft to form a single site for all shipbuil
Titan LNG: First Truck Loaded for German Market at Gate Terminal
By loading a container, with about 17 tons of liquefied natural gas at the Dutch Gate terminal, Titan LNG, its’ partner company Rolande LNG and E.ON Global Commodities reach an important milestone in developing the German LNG market. “The successful test loading of an LNG container, by Titan LNG and