zoomImage courtesy of Gasum The Nordic energy company Gasum noted that the Finnish gas market has opened up to the competition and the wholesale of gas and transmission network has been unbundled from each other 1 of January 2020. The new gas transmission network company, Gasgrid Finland is responsible for
The year 2019 got into its stride quickly in terms of final investment decisions as LNG Croatia, the state-owned company has sanctioned the construction of the floating liquefied natural gas terminal on the Island of Krk in February. Image courtesy of LNG Croatia The project is backed by €101.4 million
zoomImage courtesy of Delek Delek Group said that partners in the Leviathan project have commenced the supply of natural gas from the field. The capacity of natural gas flow from the Leviathan reservoir is expected to ramp up gradually and accordingly, in the coming days, natural gas supply from the
zoomImage courtesy of Gazprom Russian giant Gazprom said the amount of Kruzenshternskoye’s field’s total gas reserves went up by 22 percent from 1.64 trillion to 2 trillion cubic meters. The increase by 360 billion cubic meters has been the result of geological exploration carried out by Gazprom. The Kruzenshternskoye field
For illustration purposes only (image courtesy of Hyundai Heavy Industries) Hyundai Samho Heavy Industries, a Hyundai Heavy Industries unit, has booked a new order for a liquefied natural gas carrier. HSHI noted in its filing to the stock exchange that the order was made by an Asian shipping company. The
zoomIllustration only. Image source: Pixabay under CC0 Creative Commons license. COSCO Shipping Energy Transportation said it has signed a supplemental agreement with Dalian Shipbuilding to use LNG-fueled power for its VLCC on order at the shipyard. The 2020 global sulphur limit imposed by the International Maritime Organization (IMO) will take
Image courtesy of Klaipedos Nafta Lithuanian government inked a state guarantee agreement with the Nordic Investment Bank providing backing to its LNG terminal operator Klaipedos Nafta regarding the €135.16 million ($148.65 million) loan. The state guarantee agreement secures obligations of the company to the NIB according to the loan agreement
Illustration purposes only (Image courtesy of ExxonMobil) U.S. energy giant ExxonMobil has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. The acquisition includes acreage in
zoomImage courtesy of CCI Castleton Commodities International (CCI) has closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of BG US Production Company, a unit of Royal Dutch Shell. Pro forma for the acquisition, Castleton Resources will hold approximately 222,400 net acres in the region
Image courtesy of Enagás Spanish LNG terminal operator, Enagás reported that the demand for natural gas in Spain ended 2019 with the growth of 14 percent over the previous year, reaching 398 TWh, the highest figure since 2010. This increase was mainly due to extraordinarily high demand for natural gas
