Gas Prices Soar in Europe on Tight Russian Supply
European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather.A key pipeline which normally delivers gas from Siberia to Europe continued to work in reverse on Tuesday, traders said, sending flows from Germany to Poland…
TurkStream Gas Pipeline Launched
The Presidents of Russia and Turkey, Vladimir Putin and Recep Tayyip Erdogan, respectively, officially launched the TurkStream natural gas pipeline designed to ship Russian gas to Turkey and markets in southeastern Europe.TurkStream, which is laid in the Black Sea, is a link between the gas transmission systems of Russia and Turkey.
Zhanjiang Refinery Launches Mainstream Gas Pipeline
Sinopec's Zhanjiang integrated refinery complex in Guangdong has launched its main gas transmission pipeline, the Chinese company said in a statement on Thursday.The refinery, which was set up jointly by Sinopec and Kuwait Petroleum Corp in 2011, is designed to include a 300,000 barrels-per-day (bpd) refinery and a 1 million tonnes-per-year ethylene complex.The 53.5-kilometers main pipel
MOL Group On Track to Meet 2019 Guidance
Hungarian international oil and gas company MOL Group delivered an EBITDA of USD 1.15bn in H1 2019, exactly half of the full-year 2019 guidance.Upstream EBITDA was 10% lower in H1 2019 at USD 553mn, as higher volumes were more than offset by lower oil and gas prices. The segment remained the largest free cash flow generator of the Group.
Klaipeda LNG in Full Capacity
Lithuania's liquefied natural gas (LNG) terminal Klaipėdos Nafta (KN) said that its terminal capacities are now fully booked for the rest of the Gas Year, following the favorable situation in the international gas markets that has been determining the highest operative efficiency of the LNG terminal since the launch…
Excelerate FSRUs Hit Send-out Milestone
US-based LNG solutions company Excelerate Energy's Northeast Gateway Deepwater Terminal (Northeast Gateway), located offshore Boston, reached a peak send-out flow rate of over 800,000 MMBTU per day of natural gas on February 1, 2019, a first for the terminal.The operation was completed by two of Excelerate’s floating storage regasification units (FSRUs)…
Titan LNG, Fluxys to Build FlexFueler 002
Belgium-based natural gas transmission system operator Fluxys and Netherlands-based Titan LNG have joined forces to build the FlexFueler 002, a bunkering pontoon to make liquefied natural gas (LNG) more widely available as shipping fuel in the Antwerp port and region.Shipyard Kooiman, Zwijndrecht, The Netherlands, was contracted to build the FlexFueler 002.
Port Arthur LNG Gets Permits
U.S. energy company and LNG operator Sempra Energy said that its Port Arthur LNG export terminal has moved one step closer to obtaining a federal permit.The Federal Energy Regulatory Commission (FERC) released a positive environmental impact statement for the project on Thursday, clearing Port Arthur LNG for the…
Alexandroupolis FSRU Delivery Delayed by Six Months
Greek utility company Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow more time for the delivery of offshore floating, storage and regasification unit (FSRU) for the Alexandroupolis Independent Natural Gas System Project.Gastrade, the developer of the 5.5 billion cubic metre per year regasification project…
Engie to Buy Gas from Romania's Black Sea Oil & Gas
Romanian based independent oil and gas company Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the Gas Sales Agreement with ENGIE through its subsidiary Engie Energy Management Romania for natural gas supply from the Midia Gas Development (MGD)Project .Under this agreement…
Finland Eyes Imports of Piped Gas via Baltics, Poland
Finland could in future receive gas from Norway via a network of pipes being planned through the Baltic countries and Poland, as part of an effort to reduce its dependency on gas imports from Russia.Helsinki and Tallinn are constructing a gas pipeline under the Gulf of Finland to Estonia, called Balticconnector…
Golar FSRU Wins LNG Croatia Project
State-owned LNG Croatia has selected Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, to deliver a floating storage and regasification unit (FSRU) for the nation's first liquefied natural gas import facility.Golar Power was picked from three bidders, including Mitsui O.S.K.
EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal
The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013, the Commission approved under EU State aid rules an aid scheme to support…
Leach Xpress Pipeline Service Delayed until Mid-July
TransCanada Corp's Columbia Gas Transmission unit pushed back the date of its Leach Xpress natural gas pipeline in West Virginia. Service will be resumed mid-July. The pipe was damaged in a blast on June 7. The Leach shutdown forced producers using the line to find other pipes to move gas out of the Marcellus and Utica shale regions of Pennsylvania, West Virginia and Ohio.
Slovak, Polish Firms Sign Deal to Build Gas Interconnector
Polish and Slovak gas transmission system operators GAZ-SYSTEM and Eustream signed an agreement to build a new 165 km (100 mile) interconnector between the two countries, Eustream said on Monday.The link will improve access to the Baltic gas import terminals as well as Norway via the planned Baltic Pipe.In the south…
TransCanada to Proceed with Gas Line Expansion
TransCanada Corp, Canada's second largest pipeline operator, said on Thursday that it would go ahead with the C$2.4 billion ($1.9 billion) expansion of its NGTL natural gas system, boosting pipeline access for producers in Western Canada's gas-rich basins. The Calgary-based company also reported a strong fourth quarter profit…
Enbridge Shares Climb After $2.3 bln in Asset Sales
Enbridge Inc shares jumped as much as 6.2 percent on Thursday after North America's largest energy infrastructure company announced plans to sell C$3 billion ($2.3 billion) of noncore assets to focus on its central business. The company is also raising C$1.5 billion by selling new shares to pay down debt. It has…
Total Will Lose Entire Investment if it Pulls Out of South Pars
France's Total will lose all of its investment if it pulls out of a deal with Iran to develop South Pars, the world's largest gas field, the Iranian oil minister said on Tuesday. "If Total, without the enforcement of Security Council sanctions, announces that it has the intention to leave the contract, no capital…
DNV GL Takes First Place
DNV GL won first place in a competition organized by GRTgaz, the French natural gas transmission system operator, who runs a series of challenges over the year to identify innovative concepts to optimize their operations. The winning solution is aimed at reducing the carbon emissions associated with pipeline maintenance activities.
Ketelaars Takes the Lead for DNV GL - Oil & Gas in the Americas
Frank Ketelaars took up the position of Director of Region Americas in DNV GL – Oil & Gas on 1 October, as North America’s energy system undergoes a transition. DNV GL’s recently published Energy Transition Outlook shows significant shifts in US federal energy and climate change policies. Reducing dependence on imports is a key driver for the energy transition in North America.
