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Shell’s Q4 profit surges, LNG sales rise

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

zoomBen van Beurden Profits at the Hague-based LNG giant Shell more than doubled in the fourth quarter, driven by higher oil, gas and LNG prices. Shell’s earnings on a current cost of supplies (CCS) basis rose to $4.3 billion, or 47 cents per share, for the three months ending in

Construction starts on Port of Gothenburg LNG bunkering facility

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Jill Söderwall from the Port of Gothenburg and Johan Zettergren from Swedegas broke ground for the new plant Construction of a liquefied natural gas (LNG) bunkering facility started at Sweden’s Port of Gothenburg. The facility will open up new opportunities for LNG-fuelled ships that call at the Gothenburg Energy Port.

Caterpillar CEO joins Chevron’s board

1 Feb No Comments gregsamuel_e5x9azx4 LNG World News

Jim Umpleby US energy giant and LNG player, Chevron said on Thursday that Jim Umpleby has been elected to the company’s board of directors.  Umpleby is the chief executive officer and a member of the board of directors of Caterpillar. The appointment to Chevron’s board is effective March 1, 2018,

ADB to advise on Philippines’ $2 billion LNG project

31 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoom The Asian Development Bank (ADB) said on Tuesday it has signed an agreement with the Philippine National Oil Company (PNOC) to act as transaction advisor for the Philippines’ first LNG hub project in Batangas. The transaction advisory services agreement was signed by Takeo Koike, Officer-in-Charge of ADB’s Office of Public-Private

France’s Dunkirk terminal in first LNG reload

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Dunkerque LNG France’s Dunkirk LNG import terminal, the country’s fourth regasification facility, has performed its first-ever reloading operation. The cargo of previously imported liquefied natural gas was loaded onboard Engie’s LNG carrier, the 153,000-cbm Provalys. The LNG carrier arrived just a day after the French facility received its

LNG tanker Stena Crystal Sky rescues two Americans off Mexico

30 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Stena Crystal Sky (Image courtesy of Stena) Liquefied natural gas (LNG) tanker Stena Crystal Sky recently rescued two American citizens from their stranded yacht off the west coast of Mexico. According to a statement by the Glasgow-based crew management company, Northern Marine Manning Services, the LNG carrier received a distress call via

Polish LNG terminal expansion to be completed by 2022

29 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Gaz-System Polish gas transmission operator, Gaz-System, expects the Swinoujscie LNG terminal’s expansion to be completed by the end of 2022. The company’s development director, Pawel Jakubowski said the works on expanding the terminal’s capacity from 5 billion cubic meters to 7.5 billion cubic meters are set to start

Tallink’s LNG ferry Megastar completes first year in service

29 Jan No Comments gregsamuel_e5x9azx4 LNG World News

zoomImage courtesy of Tallink Grupp Tallink Grupp’s liquefied natural gas (LNG) powered ferry Megastar has proved to be the new benchmark for the in the Baltic Sea, according to the company’s CEO Janek Stalmaister.  The LNG-powered ferry has completed its first year of operation on the Tallinn-Helsinki route, carrying over

Dominion to start Cove Point LNG exports early March

29 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Cove Point LNG (Image courtesy of Dominion Energy) Dominion Energy said Monday it expects to start exporting liquefied natural gas from its Cove Point terminal in Maryland, the second US facility to produce LNG from shale gas, in early March. Dominion introduced feed gas to the 5.25 mtpa liquefaction facility

Egypt to halt LNG imports by June 2018

29 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of Höegh LNG Egypt is gearing towards halting liquefied natural gas (LNG) imports by the end of 2017/2018 fiscal year which ends in June.  Country’s minister of petroleum, Tarek El Molla said the rising production at newly discovered gas fields has pushed the country towards halting LNG imports

Mitsui in AWE Limited takeover bid

29 Jan No Comments gregsamuel_e5x9azx4 LNG World News

Image courtesy of AWE Limited Australian oil and gas producer AWE Limited received an unsolicited, non-binding and conditional proposal from Japan’s Mitsui & Co to acquire 100 percent of the company shares for cash consideration of $0.95 per share.  AWE noted in its statement on Monday that if the proposal proceeds, it would

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