In this issue

 

Australian production of LNG is ramping up following the substantial increase in investment because some of this increase in capacity was possible due to developments in technology allowing new reserves…
GasLog Ltd, the Monaco-based owner and operator of a fleet of 23 LNG carriers, is seeking to finalize $1.05 billion in re-financed loans for eight of its operating vessels.
Our Europe editor The Finnish LNG-powered icebreaker “Polaris”, the first of its kind in the world, is continuing its sea trials after taking on fuel in a truck-to-ship bunkering operation…
While European import terminals are opting for value-adding trucking facilities to transport LNG fuel to the retail and wholesale markets, US export terminals are cancelling their proposed truck-loading bays, with…
Our North America editor in New York Alaska LNG has given US regulators a second round of draft resource reports and details of alternatives routes and sites it had previously…
Our Europe editor Royal Dutch Shell Chief Executive Ben van Beurden and Russian Gazprom Chairman Alexei Miller signed an agreement at the St. Petersburg International Economic Forum to further their…
Delek Group of Israel and Noble Energy of the US are ready to sign a firm agreement to receive front-end engineering design services for the initial phase of the Leviathan…
Sovcomflot, the Russian shipping line building up a fleet of LNG carriers, has signed a $260 million loan agreement with Russia’s VTB Bank to purchase an additional carrier to deliver…
Our North America editor in New York TransCanada Corp., the expanding Canadian pipeline company building feed-gas links for LNG export plants, is advancing with its expansion into the US after…
Italian energy company Eni said its Chief Executive Claudio Descalzi has held talks in Algeria and signed an agreement on the extension of oil and natural gas production licenses as…
Delfin’s plans for 50 miles offshore Louisiana coast are moving forward Our North America editor in New York The US Delfin LNG export venture planned for 50 miles offshore Cameron…
Our Europe editor French liquefied natural gas and energy engineering company Technip, which is currently in the middle of a takeover of FMC Technologies of the US, has signed an…
International oil prices have been rising since early May, but the liquefied natural gas spot price for North East Asian countries such as Japan and South Korea, currently at an…
Our Asia-Pacific editor Japanese shipping and offshore project company Nippon Yusen Kabushiki Kaisha (NYK Line) has taken a stake in the subsea joint venture launched by Japanese liquefied natural gas…

News Nudges

Azeri gas for EU

Azerbaijan, the former republic of the Soviet Union, has started commercial natural gas supplies to southern Europe via the Trans- Adriatic Pipeline (TAP) in competition to LNG and Russian pipeline gas from Gazprom. The TAP pipeline is 3,500 kilometres in length and is part of the $40-billion Southern Gas Corridor bringing natural gas to Europe from the Shah Deniz II field in the Caspian Sea, operated by UK oil and gas major BP. Azerbaijan plans to supply the markets of the European Union with 10 billion cubic metres per annum of pipeline gas, including 8 Bcm to Italy and a combined 2 Bcm to Greece and Bulgaria.


Capital ship delivery

Capital Gas Ship Management Corp., the Greek company based in the port of Piraeus, has taken delivery of the LNG carrier newbuild, the “Aristidis I”, from the Hyundai Heavy Industries shipyard in South Korea. The “Arisidis I” has been chartered to BP Shipping of the UK for a period up to 12 years. “With cargo capacity of 174,000 cubic metres, the vessel is highly efficient, propelled with XDF engines and equipped with the latest available technologies, including an air lubrication system and increased filling limits (up to 93.5 percent),” said Capital Gas.


Pan Ocean newbuild

South Korean shipbuilder Samsung Heavy Industries has signed a deal valued at 199 billion South Korean won ($185 million), to build a liquefied natural gas carrier for the South Korean shipping company Pan Ocean Co. The Korean shipping line has delivered cargoes of LNG since 2008 for the nation’s largest importer, Korea Gas Corp.