Image courtesy of Gazprom Russia’s first floating storage and regasification unit (FSRU) at the Kaliningrad province bordered by Poland and Lithuania on the Baltic coast has been inaugurated. The facility has been put into operation on Tuesday to enhance the energy security of the region providing it with the alternative gas supply
Image courtesy of Hazira LNG The Hague-based LNG giant Shell said Wednesday it completed the previously announced acquisition of 26 percent equity interest in the Hazira LNG regasification terminal in India from France’s Total. This brings Shell’s equity interest in the venture to 100 percent. The Hazira terminal consists of two LNG tanks
Image courtesy of Cryopeak LNG Solutions Dallas-based private equity firm BP Energy Partners has purchased a controlling interest in the Canadian Cryopeak LNG Solutions. The liquefied natural gas solutions company Cryopeak will become a portfolio company in BPEP’s second private equity fund, BP Natural Gas Opportunity Partners II. In addition to
zoom It has been another record-breaking year for LNG World News, the online resource for global liquefied natural gas industry, as the Netherlands-based platform reached almost one million visitors during 2018. According to Google Analytics, a web analytics service offered by Google, 975.283 new users visited LNG World News during the
Image courtesy of Gate The Gate liquefied natural gas (LNG) terminal in the Dutch port of Rotterdam, owned jointly by Gasunie and Vopak, hit a record of 104 ship operations during 2018. The facility unloaded 8.3 million cubic meters of liquefied natural gas from 54 vessels, including 17 transshipments, Gate said
zoomImage courtesy of WoodMac The year 2019 is set to be a record year for supply in terms of both production growth and new project FIDs, according to the research and consultancy group Wood Mackenzie. In terms of natural gas prices, WoodMac forecast the title transfer facility (TTF) to average US$6.9/mmbtu
zoomIllustration purposes only (Image courtesy of Cheniere) In 2018, the average annual Henry Hub natural gas spot price increased to $3.16 per million British thermal units (MMBtu), up 15 cents from the 2017 average, according to the U.S. Energy Information Administration. Prices increased gradually through much of the year, with
zoomImage courtesy of Santos Liquefied natural gas (LNG) exports from the Australian port of Gladstone totaled 20.58 million tons in 2018, hitting record figures, according to the Queensland Resources Council. QRC chief executive Ian Macfarlane said in a statement that the data released by Gladstone Ports showed a new record which
Image courtesy of Wärtsilä Finnish technology group Wärtsilä said Tuesday it recently started site work for a new 378 megawatt power plant in El Salvador to be fired by liquefied natural gas (LNG). This facility, ordered by Energía del Pacífico, is being supplied by Wärtsilä on an engineering, procurement and construction
zoomImage courtesy of K Line Japan’s IINO Kaiun Kaisha has acquired additional shares in two special purpose companies owning two liquefied natural gas carriers chartered to the Norwegian energy giant and LNG operator Equinor. In 2006, IINO Lines launched a joint business with Kawasaki Kisen Kaisha, Mitsui and Equinor for the