In this issue

 

LNG News Editor:  Coaxis Energy Company of South Dakota has acquired the liquefied natural gas assets and interests of Kalm Energy, an LNG and compressed natural gas sales and service…
Burckhardt Compression, the Swiss manufacturer of compressor systems and a service provider for LNG and other markets, has continued its global expansion by signing a final contract agreeing to acquire…
Free ReadMAN Energy Solutions has won an order from German shipping company Hapag-Lloyd for engines with LNG-powered capability and equipment for six ultra-large container vessels to be built in South Korea.…
LNG News Editor:  India hit a landmark annual total in liquefied natural gas imports in 2020 as the economy continued to grow along with pipeline and terminal infrastructure, even amid…
LNG News Editor:  Russian natural gas giant Gazprom has set up a subsidiary to develop a pipeline across the land-locked Asian country of Mongolia as Russia’s second “Power of Siberia”…
LNG News Editor:  Egypt said it expected to reopen the Damietta liquefied natural gas export plant east of the Port of Alexandria by the end of February 2021 after an…
Free ReadThe natural gas transmission network of Bulgaria has completed its share participation transaction in the Alexandroupolis floating LNG import terminal proposed to supply the Balkans region with regasified volumes from…
Italian energy company Eni, one of the leading LNG market participants, has completed an acquisition enabling it to enter the utility market in the Iberian Peninsula of Spain and Portugal.
LNG News Editor:  European classification society and risk management firm DNV GL will combine its current oil and gas, power and renewables businesses into one new business division called Energy…
Free ReadFrench energy company Total along with South Korean shipbuilder Hyundai Heavy Industries and Russian fleet operator Sovcomflot have concluded a deal with options as the build-out continues on the next…
“That’s not how you treat a friend and ally,’ stated the Premier of Alberta Jason Kenney
LNG News Editor:  Woodside Petroleum, the Western Australian operator of two LNG export plants, posted a plunge of more than 33 percent in 2020 LNG sales revenues after the roller-coaster…
Kinder Morgan Inc., the US pipeline company, reported a small decline in fourth-quarter net income as revenues were underpinned by the growing LNG feed-gas requirements on the Gulf Coast and…
Free ReadLNG News Editor:  Golar LNG Partners, the owner of 10 LNG ships, said it would hold a special meeting of unit-holders on February 24 to vote on the takeover of…

News Nudges

Total-Siemens tech plans

French major Total and Siemens Energy of Germany have signed a technical collaboration agreement to study sustainable solutions for reducing carbon-dioxide emissions at liquefied natural gas plants and associated power generation facilities. “Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such as combustion of clean hydrogen in gas turbines, competitive all-electrical liquefaction, optimized power generation, the integration of renewable energy in liquefaction plants’ power system,” explained Total.


Gas for Chechnya

Russian natural gas company Gazprom has opened the Mozdok-Grozny gas trunkline to improve supplies to the Chechen Republic, part of Russia's North Caucasian District and which was the subject of two separatist wars from 1994 to 2009. The pipeline crosses under 13 roads and six bodies of water, including the Terek River. An affiliated gas distribution station with an hourly capacity of 247,000 cubic metres was created as part of the project in the North Caucasus region between the Black Sea and the Caspian Sea.


Charter rates rise

Shipping charter rates for LNG carriers in the spot market increased for West of Suez by around $13,500 per day to average between $55,000 per day and $51,000 per day for vessels of 155,000-165,000 cubic metres capacity. In the East of Suez charter market average rates rose by around $4,000 per day to between $43,000 per day and $39,000 per day, according to various brokers.