The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE. The parties discussed potential establishment of a joint venture in the energy sector. On July 14, 2011 Gazprom and RWE signed the Memorandum of Understanding on strategic partnership in power generation in Europe. According to the document, the parties will study [...]
FMC Technologies, Inc announced today that its Australian subsidiary has signed an agreement with Chevron Australia Pty Ltd for the design, manufacture and supply of subsea production systems to support the Wheatstone Project. The contract has an approximate value of $325 million in revenue to FMC Technologies. The Chevron-operated Wheatstone Project comprises the Wheatstone and [...]
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South Korea’s Samsung Heavy Industries, has ordered electrical propulsion system from Norway-based STADT AS for a new generation of environmentally friendly ships with LNG-electric propulsion. It’s the patented No-Loss Drive system that is now introduced to the world’s largest shipbuilding nation. This system enables to separate the power production from the propeller system. The LNG [...]
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UK forward gas prices fell to a nine-month low on Wednesday morning on weak demand as prompt prices were stagnant as Britain’s short term… (reuters) Source: reuters, November 30, 2011; Image: uk national grid
Today Fluxys G completed the acquisition of Eni’s interests in the TENP (Germany) and Transitgas (Switzerland) pipelines. The acquisition includes stakes in the TENP and Transitgas asset owners as well as the rights to commercialize capacity in both pipelines. Acquiring infrastructure and capacity that is connected directly or indirectly to the Fluxys group’s existing infrastructure [...]
The Board of Directors of OAO Sovcomflot held a meeting on 25 November 2011. In accordance with the decision of the extraordinary shareholders’ meeting of 3 November 2011, the Board of Directors considered a number of organisational matters. Ilya Klebanov was unanimously elected as Chairman of the Board of Directors. Elena Titova was elected as [...]
Pakistan Industrial and Traders Associations Front (PIAF) has stressed the government to expedite work on Pakistan-Iran gas pipeline and … (paktribune) Source: paktribune, November 30, 2011; Image: nigc
The Type-Approved BALPURE ballast water treatment system from Severn Trent De Nora was selected for use on four new LNG carriers being constructed for Mitsui O.S.K. Lines (MOL) by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd, at its shipyard in Shanghai, China. The 172,000-DWT LNG carriers owned by MOL for long term charter with China Gas / [...]
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LNG is gaining momentum as a fuel source for ships, according to Det Norske Veritas. “Increasing focus on LNG as a clean and cost effective ship fuel has brought forward initiatives throughout the shipping industry, preparing the ground for a more rapid introduction of LNG as fuel for ships in all segments,” said Mr. Remi [...]
![Japan: October LPG Imports Drop]()
Japan’s LPG imports in October fell by 20.4pc to some 841,000t from 1.1mn t a month before, with a 26.1pc decline in propane imports to … (argusmedia) Source: argusmedia, November 30, 2011;
