Italgas expects double-digit growth in income by 2030 and increases minimum dividend
Italgas, Italy's largest gas distributor, expects double-digit increases in its net income and core profits under a new strategy to 2030. This comes after the signing of a 5.3 billion euros deal on Saturday to buy smaller rival 2iReteGas. The group…
LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come
The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG, the multi-sector industry coalition aiming…
ENN Starts First Phase of Zhoushan LNG Import Terminal
Chinese gas distributor ENN Energy Holdings has begun operations at the first phase of its Zhoushan liquefied natural gas (LNG) import terminal, Vice President Ma Shenyuan said, speaking at a commencement ceremony for the terminal on Friday.As ENN aims to ramp up winter supplies in eastern China…
Stena Blue Sky Delivers First LNG Cargo in China
The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xin’ao Terminal in Zhoushan…
Delfin Taps China for US FLNG, but Final Investment Decision 'Challenging'
Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15-year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said. But industry…
Chile to Export Gas to Argentina to Cover Winter Demand
Chile will send some 276 million cubic meters of gas from June to Argentina to help its neighbor cope with demand in the southern hemisphere winter, Chile's state-run oil and gas distributor ENAP said Friday. Last year, Chile began sending liquefied natural gas to Argentina for the first time.
Gas Natural Contemplates Italian Exit
Gas Natural has hired Rothschild to carry out a strategic review of its Italian business which could result in the Spanish energy company selling its assets in the country for as much as 700 million euro ($751 million), sources said. A board meeting…
Brazil Antitrust Regulator Recommends Penalizing Petrobras
The superintendent's office of Brazil's antitrust regulator Cade recommended penalizing state-run oil company Petroleo Brasileiro SA for anti-competitive behavior in the natural gas distribution market, according to a statement from Cade on Monday.
Liquigás Sale Could net Petrobras $768 mln
Brazil's state-run oil company Petroleo Brasileiro SA could get up to 2.5 billion reais ($768.07 million) from the sale of its liquefied natural gas distributor Liquigás Distribuidora SA, a local daily reported on Wednesday. In June, the debt-laden Petrobras…
PGNiG Says Sees Q2 Loss on Write-downs
Poland's largest gas distributor PGNiG expects to have booked a net loss of 120 million zlotys ($30.2 million) in the second quarter due to a 680 million zlotys write-down on its exploration assets, the group said on Tuesday. Reporting preliminary data…
Gazpromexport to Scrap $5 mln Fine for DEPA
Russia's Gazpromexport has agreed to scrap a $5 million fine Greece's natural gas distributor DEPA had to pay for lower gas take-up last year, DEPA said on Tuesday. "After continuous talks between DEPA and Gazpromexport, the Russian company agreed…
Poland's PGNiG in Legal Battle Against Gazprom
Poland's largest gas distributor PGNiG has filed a claim against Russia's Gazprom as part of an arbitration process in which PGNiG is seeking a cut in the price of gas from its main supplier. Polskie Gornictwo Naftowe i Gazownictwo (PGNiG) did not…
Power Producer Dominion to buy Questar for $4.4 bln
Power producer Dominion Resources Inc said it would buy natural gas distributor Questar Corp for about $4.4 billion in cash to expand its natural gas operations. Dominion's $25-per-share offer represents a premium of nearly 23 percent to Questar's Friday close.
Duke Energy Trims 2015 Adjusted Profit Forecast
Duke Energy Corp, the largest U.S. power company by generation capacity, cut the top end of its 2015 adjusted earnings forecast, citing a drought and a slowing economy in Brazil and a strong dollar. The international business, which spans Brazil…
Poland: First LNG Shipment due in Nov-Dec
Poland expects to receive its first cargo of liquefied natural gas at its new LNG terminal at the end of November or early December, the treasury minister was quoted as saying on Sunday. The terminal, being built in the Baltic city of Swinoujscie…
Poland's LNG Terminal Likely to Hit Full Capacity by 2018
Poland's first liquefied natural gas (LNG) terminal should finally be ready for commercial use next May and is likely to reach full capacity by 2018, its operator said on Wednesday. The terminal, being built in the Baltic city of Swinoujscie, is…
Qatargas LNG Will Cool, Ramp Up Poland's Terminal
Poland's biggest gas distributor PGNiG signed an agreement with Qatargas on gas supplies needed for the cooling and ramp-up of the liquefied natural gas (LNG) terminal on the Baltic Sea, Polskie LNG said on Tuesday. The state-run company which is…
PGNiG Advance Talks on Gas Prices with Gazprom
PGNiG said in May it had filed for arbitration with the Stockholm Arbitration Tribunal in a dispute over the gas price formula with its biggest gas supplier, looking to change the pricing of its long-term contract in the face of falling oil and gas prices.
Poland's PGNiG to Start O&G Exploration in Germany
Poland's biggest gas distributor PGNiG will start oil and gas exploration in eastern Germany, as part of a bigger plan to boost production assets outside Poland, PGNiG said. The first of two planned wells is expected to be completed this year, said PGNiG…
Poland Cuts PGNiG's Gas Tariffs for Firms by up to 5.1 pct
Poland's energy market regulator URE said on Friday it has decided to cut dominant gas distributor PGNiG's prices of high-methane gas for commercial end users by 5.1 percent and for wholesale customers by 4.7 percent. The regulator said it was acting in response to low prices on world energy markets.
