Image courtesy of BP UK-based major BP’s shipping unit has reportedly put its GEM class liquefied natural gas (LNG) carrier, British Ruby, up for lease. The tanker would be leased to the interested party for at least nine months starting in December 2018 or the first quarter of 2019, Reuters reports,
Golar LNG closes FLNG Hilli Episeyo post acceptance financing
Image courtesy of Golar LNG Golar LNG said it has closed the FLNG Hilli Episeyo post acceptance debt financing, after repaying a $640 million construction financing and drawing down $960 million lease financing by CDDC Leasing. The company noted in its statement that after the closing, the company received an
Tellurian raises $115 million in stock offering
Rendering of Tellurian’s Driftwood LNG near Lake Charles, Louisiana (Image courtesy of Tellurian) The Houston-based LNG export project developer Tellurian said Thursday it had completed the previously announced public offering of 12 million shares of common stock. Net proceeds from the offering, after deducting estimated fees and expenses, were approximately $115.1
Gas Natural Fenosa receives first Yamal LNG cargo
Image courtesy of Gas Natural Fenosa Madrid-based Gas Natural Fenosa received the first shipment of Yamal liquefied natural gas (LNG) under a long-term deal with Novatek at Reganosa’s Mugardos LNG terminal. Natural Gas Fenosa said in a statement the delivery of 172,600 cubic meters of the chilled fuel was made by the Arctic
Gate to increase LNG ship loading flow rates
zoomA transshipment operation at the Gate terminal in the Rotterdam port (Image courtesy of Gate) The Gate LNG terminal in the Dutch port of Rotterdam is planning an investment that will see it loading standard size LNG carriers of around 180,000 cubic meters capacity in less than three days. Gate
European Commission to scrutinize Qatar Petroleum LNG deals
zoomIllustration purposes only (Image courtesy of Qatargas) The European Commission has opened a formal investigation to assess whether there are any “problematic territorial restriction clauses” in LNG supply deals between European importers and the world’s largest LNG producer Qatar Petroleum. Qatar Petroleum is the largest supplier of LNG in Europe,
Two shipbrobrokers join LNG bunkering coalition
zoomImage courtesy of SEA\LNG SEA\LNG, an LNG bunkering coalition has been joined by Exeno Yamamizu Corporation and Fearnleys AS as the first shipbroking companies. The coalition whose membership currently stands at 33 organizations, aims to unite knowledge and expertise from across the LNG value chain, including shipping companies, ports, major
Gunvor emerges as winner in Pakistan LNG cargo tender
zoomImage courtesy of Pakistan LNG Trading company Gunvor has emerged as a winner in a tender to supply Pakistan with six liquefied natural gas (LNG) cargoes in July and August. Gunvor submitted the most competitive offers for five of the cargoes sought by state-owned company Pakistan LNG while Vitol won
Shell completes Thai Bongkot field stake sale to PTTEP
Image courtesy of Shell The Hague-based LNG giant Shell said it has completed the sale of its 22.2 percent interest in the Bongkot field offshore Thailand to PTT Exploration and Production for $750 million. Shell held the interest in the field and adjoining acreage through its two units, Shell Integrated
Poland’s Port of Gdynia, PGNiG plan LNG bunkering barge
zoomThe signing ceremony (Image courtesy of Port of Gdynia) Poland’s state-owned gas company PGNiG and the port of Gdynia located on the country’s northern Baltic coast have signed a deal on liquefied natural gas bunkering that includes the construction of an LNG fueling barge. The duo signed a letter of