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Minister: India to save up to $1.4 billion on renegotiated Gazprom LNG deal

18 Jul No Comments gregsamuel_e5x9azx4 LNG World News

For illustration purposes only; Dahej LNG terminal (Image courtesy of Petronet LNG) India could save up to 95 billion rupees ($1.39 billion) as part of the renegotiated long-term liquefied natural gas (LNG) supply deal with Russian gas giant, according to India’s minister of petroleum and natural gas, Dharmendra Pradhan. The initial 20-year

Gasum’s half-year revenue jumps 18 percent

17 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Gasum Gasum, the Finnish energy gas company, reported an 18 percent rise in revenue during the first half of the year compared to the first six months of 2017.  The revenue for the first six months of 2018 stood at 597.5 million euro ($698.9 million) the company

Shell seeking permit to import LNG into Indonesia

17 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Shell The Hague-based LNG giant Shell with partners is looking for a government approval to import liquefied natural gas into Indonesia.  Speaking to the media, Indonesia’s oil and gas director general Djoko Siswanto said the company has proposed the LNG imports to the government, however, it has not

Hapag-Lloyd names LNG-ready containership

17 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Hapag-Lloyd German-based Hapag-Lloyd named the liquefied natural gas (LNG)-ready 15,000 TEU containership Afif in the London Gateway. Happag-Lloyd noted the vessel belongs to the category of ultra large container vessels, the second-largest ship class in Hapag-Lloyd’s fleet. The Afif was built for United Arab Shipping Lines (UASC) in

Enagás profit, Spanish gas demand rise in first half of 2018

17 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Enagás Spanish LNG terminal operator, Enagás reported a net profit of 219.8 million euros ($258 million) in the first half of 2018, 1 percent higher than that of the same period of the previous year. The contribution by affiliate companies to net profit in the first half of

Oil Search production rebounds in Q2

17 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Oil Search The Papua New Guinea-focused oil and gas producer, Oil Search, saw its production figures rebound in the second quarter as the ExxonMobil-operated PNG LNG project restarted.  Total production in the second quarter of 2018 was 5.40 million barrels of oil equivalent (mmboe), 12 percent above the 4.84

Top news of the week July 9-14

15 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Nigeria LNG Nigeria LNG awards Train 7 FEED deals Nigeria LNG has awarded the contracts for the front-end engineering design (FEED) for the seventh train at its Bonny Island liquefied natural gas facility. Total completes $1.5 bln Engie’s upstream LNG assets buy Total said on Friday it

Taipower seeking LNG supply Hsieh-Ho terminal

13 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomIllustration only. Image source: Pixabay under CCO Creative Commons license. Taiwan Power Company is seeking interested bidders for the supply of 1.8 million tons of liquefied natural gas (LNG) per year on a delivered ex-ship (DES) basis starting from 2025.  In its request for expression of interest, the state-owned Taipower,

Total completes $1.5 bln Engie’s upstream LNG assets buy

13 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Engie Total said on Friday it has closed the acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall value of $1.5 billion. Additional payments of up to $ 550 million could be payable by Total in case of an improvement in the

MAN to supply gas engines of Oman LNG power plant

13 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of MAN Energy Solutions MAN Energy Solutions has won the order from Oman LN) to equip a new power plant with nine MAN 51/60 gas engines. The power plant will be located in Qalhat, southeast of Muscat on the Gulf of Oman, and will provide 120 MW of

Teekay cuts steel for LNG-fueled shuttle tankers

12 Jul No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Teekay Teekay offshore said the first steel was cut for the first of four E-shuttle tanker newbuilds at the South Korean Samsung Heavy Industries shipyard in Geoje.  The new 130,000 dwt vessels will operate on both liquefied natural gas (LNG) as the primary fuel, and a mixture

Cedigaz: Europe’s LNG imports slide in first half of 2018

12 Jul No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Cedigaz European net LNG imports in the first half of 2018 did not sustain the growth momentum which was seen in 2017 as total LNG net imports fell by 5 percent or 1.21 million tons year-on-year 21.2 million tons. This trend was mainly the result of higher

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