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Shell, BP Ink Kuwait LNG Deals

Shell, BP Ink Kuwait LNG Deals

Shell and BP have reportedly signed deals to supply Kuwait with LNG over the next 5-6 summers. The total volume of LNG to be delivered between the two companies would be around 2.5 mtpa, Jamal Al-Loughani, deputy director of marketing at Kuwait Petroleum Corp. (KPC), told the Kuwaiti Al-Seyassah newspaper. According to the report, Kuwait […]

GTT Q1 Revenue Climbs 31 Percent

GTT Q1 Revenue Climbs 31 Percent

GTT (Gaztransport & Technigaz), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG, reported Q1 2014 revenue of €59.1 million, up 31.1% compared to the same quarter in 2013. Philippe Berterottière, President and Chief Executive Officer of GTT, commented: “GTT delivered a good performance during the first […]

Top News of The Week April 7-12, 2014

Top News of The Week April 7-12, 2014

BG Moves Global LNG Trading Centre to Singapore BG Group said that it has relocated the centre of its global liquefied natural gas and oil marketing business to Singapore from its head office in the UK, reflecting the long term importance of Asian energy markets. Prelude FLNG, Arms of Innovation (VIDEO) LNG player Shell posted […]

GasLog to Buy More LNG Tankers from BG

GasLog to Buy More LNG Tankers from BG

  GasLog said that it has completed the acquisition of three LNG ships from Methane Services (MSL), a unit of BG Group. The company also agreed to acquire an additional three LNG carriers for $468 million from MSL and to charter those ships back to MSL for six-year initial terms on average. “The time charters […]

Air Products to Deliver Nitrogen Systems for 25 LNG Vessels

Air Products to Deliver Nitrogen Systems for 25 LNG Vessels

Air Products AS in Kristiansand, Norway received its largest order of PRISM® nitrogen systems for shipboard applications in the last 30 years. The order involves retrofitting 25 LNG vessels by replacing a competitive nitrogen system with a new one that incorporates Air Products’ proprietary PRISM® membrane technology. “This order is evidence of the high performance […]

Hawaii Gas Receives First Shipment of LNG

Hawaii Gas Receives First Shipment of LNG

Hawaii Gas has brought its first shipment of LNG to Hawaii, becoming the first company to bring the fuel into the state. Hawaii Gas will use limited quantities of LNG as a backup fuel for its synthetic natural gas (SNG) operations, increasing the reliability of its gas supply for its utility customers. “We’re committed to […]

Endesa Buys More LNG from Cheniere

Endesa Buys More LNG from Cheniere

Cheniere Energy’s unit Corpus Christi Liquefaction has entered into an LNG sale and purchase agreement with Endesa under which the Spanish company has agreed to purchase approximately 0.75 million tonnes per annum of LNG. The SPA is in addition to the previously signed SPA under which Endesa will purchase approximately 1.5 mtpa of LNG, bringing the total quantity […]

Hoegh Holds Another FSRU Naming Ceremony

Hoegh Holds Another FSRU Naming Ceremony

Höegh LNG said on Tuesday that the naming ceremony for “Höegh Gallant“, the third of the four large size FSRUs that the company has under construction at Hyundai Heavy Industries, took place at HHI’s Ulsan shipyard in South Korea. The company yesterday named the second of the four large and modern FSRUs that it has […]

Petronas Launches PFLNG Hull in South Korea

Petronas Launches PFLNG Hull in South Korea

Petronas has launched the hull of its first floating liquefied natural gas (PFLNG 1) facility at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The facility, scheduled to be completed in Quarter 4 of 2015, will be the world’s first floating LNG facility in operation. The launch, which took place on […]

Excelerate, PREPA Ink Definitive Agreements for Aguirre GasPort Project

Excelerate, PREPA Ink Definitive Agreements for Aguirre GasPort Project

Excelerate Energy and the Puerto Rico Electric Power Authority (PREPA) executed the definitive agreements for the procurement, construction and operation of the Aguirre Offshore GasPort terminal. The agreements include the provision of one of Excelerate’s floating storage and regasification units (FSRU) specifically designed to provide closed-loop regasification services, together with the design, construction and operation […]







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