Wärtsilä Forms New Biofuel Arm
Finnish shipping technology group Wartsila has merged its Puregas Solutions and biogas liquefaction teams to form a new Biogas Solutions unit that will offer its customers a ‘one-stop-shop service’ for advanced biofuel production.Wärtsilä Biogas Solutions, a unit with expert capabilities in liquefying upgraded biogas for end-customer use…
PGNiG LNG Loads 4000th Tank Truck at Swionujscie Terminal
Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) has released a statement claiming that the 4000th tank truck loaded with LNG has successfully left the Swionujscie terminal."Last year 1,794 LNG tank trucks filled with LNG left the Świnoujście terminal, compared to 1,523 in 2017.
India's First FSRU Based LNG Terminal Launched
H-Energy Gateway, the energy venture of Hiranandani Group, launched India’s first Floating Storage Regasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is owned & operated by JSW Infrastructure (the maritime infrastructure development arm of $ 12 billion JSW Group).
Bulgaria, Greece, Romania and Hungary to Link Gas Grids
Gas companies from Bulgaria, Greece, Romania and Hungary agreed to link their gas networks to increase security of supplies in southeastern Europe, the Bulgarian energy ministry said. Grid operators Bulgartransgaz, DESFA, FGSZ and Transgaz as well as Greek-Bulgarian ICGB signed…
Partners Spur Renewable Electricity Integration
Hydrogen addition from renewable sources to natural gas supports the decarbonization of the natural gas system and integration of sustainable energy sources. However, the properties of hydrogen differ significantly from those of natural gas, and its introduction into the gas infrastructure may negatively impact public safety…
Uniper Hires Goldman to Sell Stake in Italy LNG Terminal
Germany's Uniper has hired Goldman Sachs to sell its stake in a liquefied natural gas (LNG) terminal in Italy, a deal that could value the whole business at 1 billion euros ($1.1 billion), three people familiar with the deal told Reuters. Books have been opened for due diligence…
Sinopec to Sell Gasline Unit Stake
China's Sinopec Corp said on Tuesday it would sell half of its premium natural gas pipeline business to investors, a move spurred by Beijing's reform push to boost efficiency and increase infrastructure investment in cleaner fuel. Sinopec, the country's second-largest oil and gas group…
Denmark, Poland Operators Should build Baltic Pipe
Denmark and Poland should move ahead with building Baltic Pipe to link their gas grids, the head of Danish operator Energinet.dk said on Thursday. Operators said in March they would look at the project, which would secure gas supply to Poland, Ukraine, Slovakia and the Baltic states.
Bidders Emerge for Thyssengas
Thyssengas enterprise value seen at 500-550 mln euros. Macquarie-owned German gas grid Thyssengas is attracting interest from several infrastructure funds and financial investors, two people familiar with the matter said, adding bidders had until after Easter to submit indicative offers.
Snam Sets Terms of Reserved Cash Call to Buy TAG Gas Pipeline
Italian gas grid operator Snam said its board had approved the conditions of a reserved capital increase of 502 million euros to buy the Trans Austria Gasleitung GmbH (TAG) pipeline carrying Russian gas into Italy. Earlier in December Snam shareholders approved a cash call of…
Bidders Line Up for Fortum's $7 bln Swedish Grid
Bidders including Borealis, Macquarie and Cheung Kong Infrastructure Holdings (CKI) are lining up multi-billion dollar bids for Fortum's Swedish power grid ahead of a mid-December deadline, sources familiar with the matter told Reuters. Finland's state-controlled utility Fortum is selling its Swedish power grid…
Europe Stockpiling Low Cost, Surplus LNG
Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become a dumping ground for the world's unwanted gas supplies this winter as Asian demand for sea-borne shipments fizzles out, leaving dealers to seek out willing buyers at rock bottom prices.
Italy's Local Utility Shake Up Seen Tempting China
Italy's plan to reduce energy prices by pushing local government out of utilities and promoting mergers is likely to create larger, more efficient companies that could also appeal to foreign buyers, such as the Chinese. Last week, the government of Matteo Renzi introduced a 2015…
Estonia Plans to Buy Stake in Its Gas Grid
Estonia's government decided on Tuesday to start talks on buying shares in its national gas grid, majority owned by Germany's E.ON and Russia's Gazprom, local media reported. The gas grid company AS EG Vorguteenus is 100 percent owned by a holding company AS Vorguteenus Valdus, which is 37 percent owned by Gazprom and 33.7 percent by E.ON.
