Equinor gas estimates
July 8 (LNGJ) - Equinor, the Norwegian oil, gas and LNG producer and the main supplier of pipeline gas to Europe, said ahead of second-quarter earnings on July 24 that the company’s internal natural gas price for the three months rose to $8.47 per million British thermal units, up from $7.76 per MMBtu in the first quarter of 2024.
Equinor’s internal transfer price for natural gas is a volume weighted average price calculated at the end of every quarter after deducting costs relating to bringing the gas from the processing plants to market and a marketing fee element. The price components include values of the Dutch Title Transfer Facility (TTF) amounting to 22.5 percent of the total, the UK National Balancing Point (NBP) with 30 percent input, Germany’s Trading Hub Europe (THE) price at 22.5 percent and the French Point d’Echange de Gaz (PEG) 25 percent.
French LNG storage technology company GTT has another successful year in patent applications in France
Gaztransport and Technigaz (GTT), the French LNG storage technology company, has increased its annual list of patent applications made to the Patent and Trademark Office in France, l’Institut National de la Propriété Industrielle.
The GTT group said it filed a total of 64 patents in 2023, an increase compared with 2022, thus maintaining its position as a technological leader in the category of intermediate-sized enterprises (ETIs) in France.
With 61 patents filed with the INPI, GTT said it secured the second position in the 2023 INPI ranking of patent-filing ETIs.
GTT also filed three more patents with the European Patent Office (EPO) in 2023.
Broadening technology
The group’s order book has designs for GTT storage and conventional carriers and containment tanks for LNG-powered vessels.
GTT’s earnings come from its technology licensing, hence the importance of the patents pipeline.
“Over the past decade, GTT's technological solutions have played a significant role in reducing greenhouse gas emissions from LNG carriers and optimizing the energy performance of its ship-owner clients,” explained the Paris-based company.
GTT’s core business has been centred around designs for tanks such as the Mark III membrane containment system.
However, GTT said it was now implementing an “ambitious innovation roadmap” in its adjacent markets and in its digital activities, as well as in the field of “zero-carbon” solutions at the subsidiary Elogen.
“With 61 patents filed with INPI and three patents filed with the European Patent Office, 2023 confirms the group's position of excellence in innovation and R&D and underlines GTT's technological stance,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
“I would like to extend my congratulations to Soitec for claiming the top spot in 2023 with 62 patents filed in France, and I am pleased to witness the dynamic technological innovation among French mid-sized companies,” stated Berterottière.
He was referring to France's Soitec SA, a company that is involved in the microelectronics industry, designing and manufacturing innovative semiconductor materials.
It was also previously well known for licensing the patents for organisations such as French Atomic Energy Commission.
Italy's Eni signs agreement with Swiss natural gas supplier to guarantee flows of gas on Switzerland's system
Italian energy company Eni and Swiss gas supply company Open Energy Platform AG signed an agreement to guarantee the flow of natural gas to Switzerland and Italy in the event of interruptions or significant gas flow reductions from Germany.
Algeria holds key meetings with Mediterranean neighbours Turkey and Italy focused on LNG and energy
Algeria, the largest supplier of LNG and pipeline natural gas to the neighbouring countries of the Mediterranean Basin, said it would remain a reliable supplier of gas and oil as Algerian President Abdemadjid Tebboune made a state visit to Turkey and Minister of Energy and Mines Mohamed Arkab spoke at a Southern Europe energy conference at Sorrento in Italy.
Gas ‘grand geste’
Jan 21 (LNGJ - French major TotalEnergies has decided to initiate the contractual process of withdrawing from the Yadana natural gas field in Myanmar, also known as Burma, both as operator and as shareholder, without any financial compensation for TotalEnergies.
“Following the coup of 1st February 2021 in Myanmar, TotalEnergies has firmly condemned on several occasions the abuses and human rights violations taking place there. Since then, our company's decisions have been guided by clear principles,” said TotalEnergies.
French natural gas network operator GRTgaz gives update on LNG and gas supply and flows
GRTgaz, the French natural gas network operator and owner of LNG import terminals, has issued a report on gas flows and imports and exports during the Covid-19 crisis and the evolution of consumption and demand as gas-fired power stations begin to restart.
