SENER Names Álvaro Lorente as MD
Spanish engineering and technology group SENER has appointed Alvaro Lorente, former Operations Manager in the energy division as Managing Director.He graduated in Industrial Engineering from the Pontificia Comillas University (ICAI), majoring in Electrical Engineering, and joined SENER in 1991. Among other posts, he has been head of SENER's Mechanics Section, Operations Manager for Renewables…
Cheniere's U.S. LNG Outage Spurs European Reload Activity to Asia
Cheniere Energy, dealing with an ongoing partial outage at its Sabine Pass liquefied natural gas (LNG) plant in Louisiana, is making use of its idle tankers to pick up LNG in Europe for sale in Asia where prices are surging, traders said.Feedgas volumes into Sabine Pass fell by a third to 2 billion cubic feet/day on May 15 and have remained there ever since, according to flow data from…
Qatargas Inks Deal to Deliver LNG to Austria's OMV
State-run Qatargas on Wednesday agreed a sale and purchase deal with Austrian oil and gas group OMV to deliver up to 1.1 million tonnes of liquefied natural gas annually for five years. From January 2019, the gas will be provided by Qatar Liquefied Gas Co, a venture between Qatar Petroleum and Shell . It will be delivered to the Gate LNG Terminal in the Netherlands on board Qatargas’ chartered LNG vessels. Facing threats to its market share in Europe from a wave of new U.S.
Netherlands to Receive LNG from Sabine Pass Plant
The Netherlands will receive its second-ever liquefied natural gas (LNG) shipment from Cheniere Energy's Sabine Pass export facility in the United States on Oct. 6, according to shipping data. The vessel, with a capacity of 166,031 cubic metres, is currently berthed at Sabine Pass, live ship-tracking data shows. The first delivery from Sabine Pass to the Gate terminal in Rotterdam arrived on June 8 aboard the Arctic Discoverer, a Thomson Reuters analyst said.
Shell loads first LNG vessel at Gate Terminal
Shell’s started operations of the new LNG fuel infrastructure at Gas Access to Europe (Gate) terminal in the Netherlands. The new LNG fuel infrastructure included the construction of a new berth. This new berth has now started operations. The loading of Shell’s chartered LNG vessel, the Coral Methane happened on the 19th of September. ·In July 2014, Shell took the Final Investment Decision to buy capacity at the Gas Access to Europe (Gate) terminal…
First Yamal Oil Cargo Shipped from Arctic Gate Terminal
An event marking the start of the year-round shipments of Yamal oil from the Arctic Gate (Vorota Arktiki), an Arctic oil loading terminal, took place today in the Mys Kamenny settlement (Yamal Peninsula, Yamal-Nenets Autonomous Area). Russian President Vladimir Putin gave the command via a video call to start loading a tanker with oil from the Novoportovskoye field. The Novoportovskoye oil…
Qatargas Looks to Expand LNG Supply to UK, Netherlands
Qatargas is looking to Britain and the Netherlands in an effort to weather a looming global glut of gas supplies by expanding import deals into Europe's most liquid markets, industry sources said. The world's biggest exporter of liquefied natural gas (LNG) must lock in buyers for its unsold supply just as new Australian and U.S. producers muscle into its prized Asian markets. Slowing demand globally is only adding to producer woes…
Europe's 'LNG Masterplan'
The European Union has facilitated this project between 2013 and 2015. The project cost a total of 34 million euros, 17 million of which were provided by the European Union from the TEN-T Program. "We can say 'well done' to all parties involved. It looks like we are going to benefit tremendously from this project for the implementation of LNG in the inland water transport sector. We are actually getting things done now…
European Utilities Sit on Prize Assets Ahead of LNG Glut
European utilities are expected to take center stage when a wave of liquefied natural gas (LNG) hits Europe starting next year, as long unprofitable import capacity soars in value and bolsters their clout in the global trade. Under-used LNG import terminals in Britain, Netherlands, Belgium, France and Spain, where the majority of import rights are held by utilities, are set to see more action, assuming gas prices can stay competitive.
Global LNG Prices Pick Up
Asian liquefied natural gas (LNG) spot prices for August delivery rose on Friday as supplies tightened and traders manoeuvred cargoes between Atlantic and Pacific basins to cover short positions. End-user demand, however, remained muted. The price of Asian spot cargoes rose to $7.70 per million British thermal units (mmBtu), from $7.55 the previous week. Bids for August were in the high $7/mmBtu range while offer prices were at $8/mmBtu or above, three traders said.
Two LNG Cargo Exports Planned from Dutch Terminal at End-July
Two liquefied natural gas (LNG) cargoes are to be exported from the Gate terminal in the Netherlands at the end of the month, trade sources with knowledge of the matter said. German utility RWE has purchased one of the cargoes while Austrian-based Econgas has set up the other, the sources said. Austria-based Econgas owns long-term capacity at the terminal. Gate, built to import LNG, can also reload cargoes held in storage for export to higher-paying markets.
Two LNG Cargo Exports Planned From Dutch Terminal at end-July
Two liquefied natural gas (LNG) cargoes are to be exported from the Gate terminal in the Netherlands at the end of the month, trade sources with knowledge of the matter said. German utility RWE has purchased one of the cargoes while Austrian-based Econgas has set up the other, the sources said. Austria-based Econgas owns long-term capacity at the terminal. Gate, built to import LNG, can also reload cargoes held in storage for export to higher-paying markets.
Global LNG Price Slide Resumes on Weak Demand
Asian spot liquefied natural gas (LNG) prices for July fell this week on continued weak demand and ample supply. The price of Asian spot cargoes slid to $7.40 per million British thermal units (mmBtu), compared with around $7.70 per mmBtu last week. There was supply availability from Russia's Sakhalin export plant, which launched a tender to sell four cargoes spread across July, August and September last week.
Rotterdam Gate LNG Terminal Expansion Started
Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun. The new infrastructure is expected to aid the use of LNG as a transport fuel and is expected to be operational towards the end of the first half of 2016. Gate receives, stores, regasifies and delivers LNG into northwest Europe's grid.
