zoomImage courtesy of Gasum The Nordic energy company Gasum reported a revenue drop of 4.2 percent year on year. The company reported a revenue of €1.13 billion ($1.22 billion) for the year ended December 31, 2019, which compares to €1.17 billion ($1.19 billion) in 2018. Commenting on the company’s results,
zoomImage courtesy of Wallenius SOL Electric power conversion specialist Ingeteam has signed the contract with Yantai CIMC Raffles Offshore (China) for Swedish Wallenius SOL’s LNG-powered newbuilds. Ingeteam has been contracted to deliver the engineering, production, commissioning and sea trials of the Hybrid Electric propulsion system for two icebreaking Ro-Ro ships
Image courtesy of Tepco Japanese imports of liquefied natural gas (LNG) edged down slightly in the first month of the year 2020. According to the provisional data released by Japan’s Ministry of Finance, total imports of liquefied natural gas reached 7.51 million tons, 0.5 percent down compared to 7.54 million
zoomImage courtesy of Excelerate Energy Excelerate Energy’s unit, Excelerate Technical Management (ETM) has been authorized to operate as ship manager for its parent company’s entire fleet of floating storage and regasification units (FSRUs). ETM has been awarded the Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code
Image courtesy of Polskie LNG Polish sole liquefied natural gas (LNG) import facility, the President Lech Kaczyński terminal in Świnoujście, has received a new cargo on Tuesday. Polish LNG terminal operator, Polskie LNG, said via social media that the delivery came to the facility onboard the LNG carrier Wilpride capable
Image courtesy of Enagás Spanish LNG terminal operator, Enagás reported a net profit of €422.6 million ($456.6 million) in 2019, just the target set for the year, and 4.5 percent below the €442.6 million reported in 2018. The company noted that in 2019, it reached an agreement for the acquisition
zoomImage courtesy of Golar LNG Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, has formed a partnership with Petrobras Distribuidora for the development of LNG distribution businesses in Brazil. The intention is to introduce liquefied natural gas (LNG) as an alternative to the fuels currently available
Image courtesy of Shell The Hague-based LNG giant Shell has reportedly suspended cargo loadings from its Prelude FLNG facility located 475 km North-East of Broome in Western Australia. The temporary cargo lifting halt follows the company’s halt of production earlier this month due to an electrical fault. Reuters reports that
Image courtesy of Titan LNG The Dutch service supplier of liquefied natural gas, Titan LNG, partnered with the Spanish energy giant Repsol to deliver liquefied natural gas to DEME’s LNG-fueled trailing suction hopper dredger (TSHD) Scheldt River at the port of Huelva. The company said in its brief statement through
zoomImage courtesy of Bechtel Australian Competition and Consumer Commission (ACCC) noted that the 2020 supply-demand outlook in the east coast gas market has improved and LNG netback prices have decreased. However, in its Gas Inquiry 2017-2025 Interim Report, ACCC said that the domestic prices remain high and there is significant