French energy company and LNG player Total has agreed to buy some power and gas assets in Spain from Portugal’s EDP. The deal includes 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts, Total said on Monday. EDP
Alberta’s energy regulator has blocked a deal between Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, and Shell’s Canadian unit citing clean-up concerns. Pieridae closed a deal worth C$190 million ($134.9m) in October last year to buy Shell’s midstream and upstream gas assets in the southern Alberta
A brand new liquefied natural gas carrier owned by France LNG Shipping gas has started a long-term charter with a unit of state-controlled utility EDF. Image courtesy of NYK France LNG Shipping is a joint venture consisting of Japanese shipping giant NYK and Geogas LNG, a company controlled by LPG
The coronavirus pandemic is opening up many new opportunities for the shipping industry, Cristina Aleixendri, COO at bound4blue, said during a video conference hosted by SMM. “The coronavirus could be the driving force enabling us to achieve the decarbonisation goals even before 2050,” Aleixendri pointed out, explaining that one possible
The Export-Import Bank of the United States said Thursday it has amended its previously approved loan for the Total-led $20 billion Mozambique liquefied natural gas export project. The bank approved a loan for up to $5 billion in September last year to support the export of U.S. goods and services
MAN Energy Solutions has won the contract to supply individual MAN B&W ME-LGIP liquid gas injection propane dual-fuel engines to three new 5,000 cbm LPG tankers being built for Hartmann Gas Carriers, part of Germany’s Hartmann Group. ME-LGIP engine. Photo: MAN Energy Solutions The ships are currently under construction at
Singapore’s ST Engineering has launched a new design for a dual fuel LNG-powered catamaran fast crew boat optimised for crew transfer in the offshore sector. Image courtesy of ST Engineering ST Engineering’s marine arm developed the 76 meters long catamaran in a collaboration with Australia’s marine engineer Incat Crowther. The
The United States exported less liquefied natural gas cargoes in the week ending May 13 when compared to the week before, according to the Energy Information Administration. Image courtesy of Cheniere The agency said in its weekly gas natural gas report that five US terminals dispatched eleven LNG shipments between
Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. LNG carrier SCF Mitre (Image courtesy of Sovcomflot) Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared