zoomIllustration purposes only (Image courtesy of Höegh LNG) The Cypriot government has extended the deadline for the tender it launched initially in October 2018 for the construction of a liquefied natural gas terminal in Vasilikos Bay, near Limassol. Initially, the bids were to be submitted by January 18, 2019, however, the
Gibraltar feeds LNG-powered electricity to distribution system
Image courtesy of John Cortes (@cortes_john) The government of Gibraltar hit a milestone as the first electricity produced by using LNG as fuel was supplied to the national grid, if only for a brief 30-minute period. Engine No5 generated power and fed 5 Mw of electricity into the distribution system,
U.S. LNG exports decline on week
Image courtesy of Cheniere Exports of liquefied natural gas from LNG facilities in the United States decreased for the second week in a row. Data from the United States Energy Information Administration shows that during the week ending January 23, six LNG vessels with a combined LNG-carrying capacity of 21.6
Netherlands: St van den Brink expands LNG-fueled truck fleet
Image courtesy of Volvo Trucks Netherlands The Dutch transport company St van den Brink added fourteen liquefied natural gas-fueled trucks to its fleet. Volvo Trucks Netherlands realized the delivery of the LNG-fueled long-haulers through its dealer Harbers, the company said in its statement. The order consists of 12 FM LNG
King & Spalding law firm brings in LNG experience
David Lang (Image courtesy of King & Spalding) King & Spalding law firm said David Lang has joined the firm as a partner with the corporate, finance and investments practice group in the Houston office. Lang formerly held the position as global head of Baker McKenzie’s liquefied natural gas (LNG) practice.
France’s GTT nets LNG tanks design order from DSME
Image courtesy of GTT/Roland Mouron French LNG containment systems specialist GTT has received an order to design tanks for two liquefied natural gas carriers under construction at the South Korean Daewoo Shipbuilding & Marine Engineering (DSME) yard. The two vessels will have the capacity to hold 174,000 cubic meters of LNG are
Keppel posts soaring 2018 profit
zoomIllustration purposes only (Image courtesy of Keppel Corporation) Singapore’s Keppel Corporation’s net profit soared to S$944 million ($693.9 million), showing a 382 percent rise year-on-year. Earnings growth for the period was underpinned by stronger performance from across the Offshore & Marine, Property and Infrastructure divisions, the company said in its
Novatek reports 4 percent year-end hydrocarbon reserves rise
zoomImage courtesy of Novatek Russia’s largest independent natural gas producer and Yamal LNG operator Novatek reported a total SEC proved reserves at 15.8 billion barrels of oil equivalent as of December 31, 2018, 4 percent above the year-end 2017 reserves. The reserve appraisal was completed by the independent petroleum engineers DeGolyer
GAIL puts up three Cove Point LNG cargoes for sale
Cove Point LNG facility (Image courtesy of Sumitomo Corporation) India’s state-run gas company GAIL is reportedly looking to sell three cargoes of liquefied natural gas from Dominion’s Cove Point LNG facility in Maryland. Citing industry sources, Reuters reports the cargoes are put up for sale on a free-on-board (FOB) basis.
WSM wins FSRU management job for market entrant Pardus Energy
Image courtesy of WSM Wilhelmsen Ship Management (WSM) has been contracted by Pardus Energy to provide management services for its newbuild FSRU. The floating storage and regasification unit is currently under construction at the Hyundai Heavy Industry shipyard in South Korea. The floating storage and regasification unit will be managed by