zoomLNG carrier at the Tongyeong LNG terminal (Image courtesy of Kogas) In its plans to revitalize LNG-fueled shipbuilding industry the South Korean government decided to support the first order for vessels powered by liquefied natural gas (LNG) and the development of LNG bunkering infrastructure. According to a statement by the South Korean
zoomHamina LNG terminal (Image courtesy of Wärtsilä) The LNG terminal to be built at the Finnish Port of Hamina by the technology group Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits. Debt financing for the project has been concluded with Skandinaviska Enskilda Banken
zoomImage courtesy of Dynagas LNG Partners Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, reported a net income of $4.8 million, 62.5 percent below the figures reported in 2017. Adjusted net income for the three months ended March 31, 2018, compared to adjusted net income of $14.9
zoomImage courtesy of Teekay LNG Teekay LNG Partners, one of the world’s largest owners of LNG carriers, dropped into red during the first quarter of 2018. The company reported a net loss of $6.9 million compared to a net income of $29 million during the corresponding quarter in 2017, attributing the
zoomImage courtesy of Santos After days of media speculation about potential agreements between Harbour Energy and ENN to put in a joint bid for Santos takeover, the Australian LNG player said Harbour put in a revised proposal. Under the new binding, conditional proposal, Harbor is looking to acquire 100 percent
zoomImage courtesy of Wood Wood has extended its framework agreement with Chevron Australia to provide master contractor services to the Gorgon LNG stage two development located offshore Western Australia. Effective immediately, the two-year contract extends an agreement in place since 2015 and will continue to be delivered by Wood’s Perth
Pawel Jakubowski (Image courtesy of Polskie LNG) Polish LNG terminal operator, Polskie LNG claims it currently has the highest utilization rate among all large LNG import terminals in Europe. The utilization of the first and only Polish LNG terminal in Swinoujscie is currently about 60 percent, chief executive Pawel Jakubowski
zoomCargo unloaded at the Caofeidian LNG terminal (Image courtesy of Qatargas) Beijing Gas Blue Sky Holdings Limited completed the cquisition of 29 percent equity interest of an LNG terminal in Caofeidian. According to the acquisition agreement, the group agreed to acquire all of the issued share capital of a Beijing
zoomImage courtesy of Novatek Russia’s largest independent natural gas producer and the operator of the giant Yamal LNG export plant, Novatek is developing several small-scale projects and plans to launch its first such facility by the beginning of next year. The small-scale LNG project located on the northern part of
Image courtesy of Exmar State-owned Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) has canceled its talks with the Swiss trading company Trafigura regarding the development of an LNG import terminal. The company, however, has continued its talks with Trafigura’s compatriot Gunvor on a separate project. Speaking to Reuters a director