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, while supplies of Russian gas from Ukraine to Slovakia were also…
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. Average daily hydrocarbon production was 111.8…
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 of its activities.The Gas Year is calculated from 1 October of the…
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. The pontoon, which is scheduled to be commissioned by mid-2020…
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, has pushed back its completion…
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, which is subject to Final Investment Decision…
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 and with a capacity to transport 7.2 million cubic meters of gas per day."The…
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. Lines and Maran Gas Maritime Inc, LNG Croatia, the company behind the project…
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 the construction and operation of a liquefied natural gas (LNG) terminal at the Klaipėda seaportin Lithuania The LNG terminal has…
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, it would improve access though the Slovak-Hungarian interconnection as well as the planned Eastring pipeline leading to the Balkans…
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. The specific objective of this innovation challenge…
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. Large shale gas reserves have enhanced energy security…
DNV GL Expands UK Research and Testing Portfolio
DNV GL informst it has reorganized its research and testing capability in the U.K., adding a facility at Bishop Auckland, County Durham, U.K., to the portfolio. The site, formerly known as the Flow Center, has been positioned to complement and enhance the research and testing capability at Spadeadam in Cumbria, increasing the scope across the two centers. The Bishop Auckland test facility boasts one of the largest high-pressure natural gas test facilities in the world.
TransCanada sheds Two Gasline Stakes
TransCanada Corp said on Thursday it would sell its remaining 49.3 percent interest in Iroquois Gas Transmission System LP and an 11.8 percent stake in Portland Natural Gas Transmission System (PNGTS) for $765 million. The Canadian pipeline operator said it would sell the stakes in the two gas pipelines to TC PipeLines LP, its master limited partnership that has investments in seven pipelines capable of moving 9.1 billion cubic feet per day of natural gas.
TransCanada to Shed U.S. Northeast Pipeline Stakes
TransCanada Corp said it has offered to sell stakes in two natural gas pipelines that serve the U.S. Northeast to TC PipeLines LP, U.S.-based master limited partnership in which it holds a 27 percent stake. TransCanada said it would sell its 49.3 percent stake in the Iroquois gas transmission system and the remaining 11.8 percent stake it holds in the Portland natural gas transmission system. Financial terms of the deal were not disclosed.
Brookfield-led Group to Buy Petrobras Natgas Pipeline stake
A consortium including Brookfield Infrastructure said it agreed to buy a 90 percent stake in the operator of a natural gas transmission system in Brazil from Petróleo Brasileiro SA (Petrobras) for about $5.2 billion. Brookfield-managed entities will hold a controlling interest in the consortium, which also includes China's CIC Capital Corp and Singapore's GIC Private Ltd, which are clients of Brookfield Asset Management.
Gazprom Actively Pursuing East Russian Projects
During the Press Conference held today held at the Company's headquarters prior to the annual General Shareholders Meeting the press was informed that Gazprom is actively implementing large-scale projects in eastern Russia. It was stated that the Company is committed to expanding its resource base. With geological exploration at the Chayandinskoye field – the basis for the Yakutia gas production center – nearly over, the field is ready for development.
Armenia and Russia PMs confer on Gas Supply
The Russian Prime Minister Dmitry Medvedev met Hovik Abrahamyan, Prime Minister of the Republic of Armenia to address issues onbilateral cooperation in the energy sector. The parties commended Gazprom for its contribution to the development of the Armenian gas industry. Alexey Miller, Chairman of the Gazprom Management Committee, accompanied his Prime Minister on the working visit to Armenia as a member of the delegation.
Gazprom, NIGC to Boost Energy Cooperation
Teheran hosted today the first meeting of the Joint Coordinating Committee (JCC) of Gazprom and National Iranian Gas Company (NIGC) to considered a wide range of possible cooperation areas, including transactions with gas, development of the UGS system in Iran, equipment supplies and installation, oil & gas equipment servicing and repairs, development and upgrade of Iran's gas transmission system as well as gas use as a vehicle fuel.
Tennessee Pipeline Co. Files Application with FERC
Tennessee Gas Pipeline Company, L.L.C. (TGP), a Kinder Morgan company today filed a certificate application under Section 7(c) of the Natural Gas Act with the Federal Energy Regulatory Commission (FERC) for its proposed Northeast Energy Direct Project (NED). “The NED Project is a transformative project for the northeast United States,” said Kinder Morgan East Region Natural Gas Pipelines President Kimberly S. Watson.
