LNG shipper GasLog said that its chief financial officer (CFO) Alastair Maxwell has decided to step down from his position. Following the company’s decision to base its senior management in Greece, Maxwell decided not to relocate and will step down on June 30, 2020. GasLog and its New York-listed spinoff
Finnish state-owned gas company Gasum reported a 30 per cent year-on-year decline in net profit saying it only had minor impacts from the Covid-19 coronavirus pandemic. Image courtesy of Gasum Lower power and gas prices have weighed down on Gasum’s profits. Gasum’s net profit totaled 12.3 million euros ($13.3m), compared
As the envisaged transformation of the European waterborne transport would require significant investments, SEA Europe has proposed the creation of a dedicated EU Maritime Fund as an alternative to extending the EU Emission Trading Scheme (ETS) to shipping. As explained, setting up such fund would incentivize the development of green
The United States Federal Energy Regulatory Commission (FERC) issued a permit to Kinder Morgan units to continue the commissioning process at the Elba Island LNG project near Savannah, Georgia. Image courtesy of Kinder Morgan FERC said in its notice that it granted a permit to Elba Liquefaction Company and Southern
Singapore’s liquefied natural gas import terminal on Jurong Island has received 320 shipments of the fuel since it started operations seven years ago. Image courtesy of Singapore LNG Out of these, 225 shipments totaling over 15 million tonnes of LNG were used for regasification, terminal operator Singapore LNG said on
Hamburg-based LNG supplier Nauticor has completed another milestone LNG bunkering operation in Germany. Image courtesy of Nauticor The company conducted the first ship-to-ship LNG bunkering operation for a product tanker Ramelia in the port of Brunsbüttel at the river Elbe. This is also another milestone for the company as the
Wison Offshore & Marine has secured approval in principle from DNV GL for its 200,000-cbm LNG carrier design. Image courtesy of Wison .Wison’s design has an overall length of 300 meters and features GTT’s Mark-III FLEX containment system and WinGD’s dual-fuel engine. The company has already developed an FLNG facility
Texas LNG’s proposed Brownsville liquefied natural gas export terminal in South Texas took a step toward by receiving an air permit. Image courtesy of Texas LNG The permit allowing the construction and operation of the facility has been granted by the Texas Commission on Environmental Quality on Wednesday. Securing this
Bosnian natural gas grid operator, BH Gas, has completed the preliminary design for the 160-km long Southern Interconnection project. The preliminary design for the project connecting the natural gas networks of Bosnia and Herzegovina and Croatia was delivered at the end of April, the company said in its statement. BH
McDermott’s unit CB&I Storage Solutions has won a contract to build four liquefied petroleum gas spheres for an energy infrastructure project in the Caribbean region. McDermott defined the contract as “sizable” meaning it is worth between $1 million and $50 million. The scope of the project includes the engineering, procurement,