zoomFor illustration purposes only (Image courtesy of Wärtsilä) The Finnish technology group Wärtsilä reported an 11 percent drop in order intake for during the second quarter of the year. Wärtsilä’s second quarter order intake totaled €1.37 billion ($1.55 billion) down from €1.55 billion in the corresponding quarter last year. Wärtsilä
Containerships Polar; Image source of Containerships The Port of Riga has started regular port services to LNG-powered container vessels following the arrival of the new Containerships Polar containership. The first two fully LNG-powered vessels Containerships Polar and Containerships Nord, owned by the CMA CGM Group, will arrive at the Port
zoomIllustration purposes only (Image courtesy of Höegh LNG) Independent shipbroker Affinity (Shipping) said it has facilitated the first LNG freight swap settled against the Baltic Exchange LNG spot assessments. The trades involving Total Gas & Power and Glencore were arranged over-the-counter by Affinity Financial Products and executed bilaterally by the
Image courtesy of Cheniere Liquefied natural gas exports from the U.S. decreased over the last week, according to data from the Energy Information Administration (EIA). EIA stated in its weekly report that nine LNG vessels, five from Sabine Pass, three from Corpus Christi, and one from Cove Point departed from
zoomImage courtesy of Venture Global LNG U.S. LNG export project developer Venture Global LNG said that the company’s $5.8 billion Calcasieu Pass LNG construction financing has received over $10 billion in binding commitments. The transaction is nearly two times oversubscribed, prior to retail syndication, Venture Global said in a statement.
zoomImage courtesy of Kinder Morgan The United States Federal Energy Regulatory Commission granted approval to Gulf LNG, a Kinder Morgan unit, to site, construct and operate its proposed project in Jackson County, Mississippi. Gulf LNG liquefaction project would be constructed and operated by Gulf Liquefaction and integrated with the existing
zoomImage courtesy of Equinor The Petroleum Safety Authority Norway (PSA) has ordered the compatriot energy company Equinor to review its own management of safety at the Hammerfest LNG plant on Melkøya Island. PSA launched an investigation of an incident at the facility in March since the facility “has been operated
zoomIllustration purposes only (Image courtesy of Höegh LNG) The Natural Gas Public Company of Cyprus (DEFA) has received proposals for the construction of an LNG import terminal in Vasilikos Bay, near Limassol. DEFA said that this completes the first step of the tender procedure, with three international consortia emerging as
Illustration purposes only (Image courtesy of VINCI Construction) UK construction company VINCI Construction has been awarded a contract to build an LNG tank in Canada. A joint venture between Entrepose Contracting and VINCI Construction Grands Projets, both unit of VINCI Construction, were awarded a major contract worth $306 million. The
Image courtesy of Chevron U.S. major Chevron has been seeking approval to modify its plans for the Kitimat LNG export facility on Canada’s Pacific Coast to an all-electric design. The transition to an all-electric design will result in the lowest greenhouse gas emissions per ton of LNG of any large
