KN, the operator of the Lithuanian liquefied natural gas (LNG) terminal, launched the LNG terminal capacity allocation procedure for the gas year starting October 1, 2020. Illustration purposes only (Image courtesy of Klaipedos Nafta) “For the second year in a row, we have recorded extremely high-performance results of the LNG
Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering has won an order to build liquefied petroleum tankers for Germany’s Hartmann Group. Image courtesy of CIMC Sinopacific Offshore & Engineering The contract includes the construction of three 5000 cubic meter LPG ships and additional order for two vessels. CIMC SOE, which
Poland’s dominant gas firm PGNiG claims that Russian giant Gazprom has not reduced gas prices despite a court ruling last month. The arbitration tribunal in Stockholm ruled in March that Gazprom must pay PGNiG about $1.5 billion in a pricing dispute case. The court also ruled that a gas pricing
The transition of the global shipping industry to fuels compliant with the IMO 2020 sulphur cap seems to be running smoothly with marginal non-compliance issues. According to the Port of Singapore, the world’s largest bunker hub and one of the largest trading hubs in the world, about 96% of the
A joint venture consisting of Chinese shipowner Cosco and energy giant CNPC is to order three liquefied natural gas carriers at Hudong Zhonghua Shipbuilding. The price for each of the 174,000 cubic meter LNG carriers is $185 million, according to a statement by Cosco Shipping Energy Transportation. The vessels will
Uniper’s unit Liqvis has opened its second permanent liquefied natural gas (LNG) filling station in Kassel. It is the first such facility in Grünheide near Berlin. The facility replaces the mobile station that has been stationed in Kassel up until now. Liqvis is planning to relocate this now-superfluous mobile filling
The United States Department of Energy informs it has received Epcilon LNG’s application seeking long-term natural gas export permit. Image courtesy of Amigo LNG Epcilon LNG is looking to export up to 395 billion cubic feet of domestically produced natural gas per year (7.9 mtpa) to Mexico. The company intends
Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business. Milaha’s net profit rose by 1.8 per cent to QAR 283 million (around USD 78 million)
Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefied natural gas carrier. Image courtesy of Cosco Shipping Heavy Industry This is the first-ever LNG vessel built and delivered by Cosco Shipping Heavy Industry’s Dalian shipyard, the shipbuilder said in a statement. Dalian Inteh Group
Japanese utility, Tokyo Gas revised its results forecast flagging a ¥28.4 billion ($262.7 million) impairment losses for the year ended March 2020. Image courtesy of Tokyo Gas The impairment losses are a result of a re-evaluation of the upstream projects in the United States, Ichthys LNG project in Western Australia