Schulte's PRONAV Acquisition Greenlighted
The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV. With this strategic move, the family-owned ship owner and manager continues to increase its capabilities and capacity in the growing liquefied natural gas (LNG) market. Through the acquisition of PRONAV, the Schulte Group has increased the number of vessels under full management in its third-party management fleet by six additional LNG carriers (LNGC). At present, the Schulte Group provides full management for three LNGC and crew management for 21 LNGC. Five LNGCs with a capacity of 173…
Norway to Boost Natural Gas Exports
According to OilWeek, Norway plans to increase its natural gas supplies to the European Union by up to 55 per cent by the middle of the next decade, the EU‘s energy commissioner said Monday. The EU is pushing Norway to boost its gas supplies so the 27-member bloc can reduce its dependence on Russian oil and gas. Norway, which is not an EU member, has made a fortune on oil and gas deposits in the North Sea and is now exploring new finds in the Barents Sea it uneasily shares with Russia. Piebalgs said gas supplies from Norway could grow to 125-140 billion cubic metres per year by the middle of the next decade, up from the current 90 billion cubic metres.
Gas Supply to Ukraine
The Gazprom headquarters hosted today a briefing session led by Alexey Miller, Chairman of the Company's Management Committee dedicated to the Company's activities this winter. Special attention was given to the contracts for gas supply to Ukraine and its transit to Europe. It was pointed out that today was the sixth anniversary of the Ukrainian Government approving the results of the negotiations on Russian natural gas supply to Ukraine from 2009 to 2019 and on the terms and conditions of its transit via Ukraine to Europe.
Gazprom Boosting Gas Industry in Eastern Russia
The Gazprom Management Committee addressed the Company's large-scale efforts aimed at implementing the Eastern Gas Program. It was noted that the gas industry growth in Russia's East was strategically important for the socioeconomic development of eastern regions. The Company is active in expanding its resource base in eastern Russia as well as putting in place its gas production, transmission and processing capacities. A long-term balance plan for Gazprom's natural gas from the…
EU Says No Deal Yet in Ukraine-Russia Gas Talks
The European Commission cancelled a news conference planned to follow talks between Russia and Ukraine on gas supplies on Wednesday, saying negotiations in Brussels were continuing late into the evening. All three parties had been hoping to conclude a deal on resuming Russian natural gas supplies to Ukraine over the winter but differences over payments have been hampering their efforts to reach agreement. (Reporting by Alastair Macdonald; Editing by Mark Heinrich)
Gazprom Supplying Gas to Europe as Contracted
Alexey Miller reported to Vladimir Putin that European consumers were receiving gas supplies entirely in line with contractual obligations. The total accumulated gas supplies for export exceeded the planned amount by 3 billion cubic meters by early September. According to the Hydrometcenter forecasts, the upcoming wither in Russia will be colder than usual. In this regard, Gazprom’s prioritized activity now is gas injection into underground gas storage (UGS) facilities. The Company raised the planned amount of working gas for injection into Russian UGS facilities to 72 billion cubic meters.
Shell: Force Majeure on Nigerian LNG
Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on Bonny Island, a spokeswoman said. "The Shell Petroleum Development Company of Nigeria Ltd (SPDC) declared force majeure on gas supply to NLNG on 8 August 2016, following a leak on the Eastern Gas Gathering System (EGGS-1) pipeline through which it supplies the bulk of its gas to NLNG," a spokesman said in an emailed statement. SPDC, Royal Dutch Shell's Nigerian unit, is a joint venture with state oil company Nigerian National Petroleum Corp. They supply gas to the LNG plant. The declaration may impact exports from the facility. Reporting by Oleg Vukmanovic
Ukraine Suspends Gas Payments to Russia
Ukraine is suspending payments to Russia for gas deliveries until the conclusion of price talks, chief executive Andriy Kobolev said on Saturday. State-run Naftogaz has suspended payments to Russia amid increasing tensions in a standoff that has the potential to leave European Union states cut off from the Russian gas supplies on which they depend, according to international media reports. Russia has raised the gas price for Ukraine and claimed it owed Moscow USD 2.2B in unpaid bills.
Gazprom to Partner Turkey to Supply Gas
Moscow hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey. The meeting addressed the issues of strategic partnership, in particular, the prospects for cooperation deepening in natural gas supplies from Russia to Turkey. The parties noted that Turkey was among top consumers of Russian 'blue fuel' for many years and Russia, in its turn, was a reliable provider of natural gas for the Turkish economy…
OMV CEO Warns Against More Russia Sanctions
Europe should avoid more sanctions against Russiaover its role in Ukraine and continue to pursue dialogue with Moscow, the chief executive of OMV , the longest-standing Western trade partner of Russian gas monopoly Gazprom, said. The Austrian energy group signed its first long-term supply contract with the Soviet Union in 1968 and is a major importer of Russian gas. "None of us can estimate what it would mean if no gas came from Russia to Europe, and if we can't calculate the consequences we shouldn't threaten it," Gerhard Roiss told Austrian ORF radio in an interview aired on Saturday. The European Union is dependent on Russia for about a third of its oil and gas, and about 40 percent of the gas is shipped through Ukraine.
Noble Denton Spanish Contract
Noble Denton, a global offshore engineering and marine consulting firm, announced the award of a $21.3m contract from ACS Cobra Castor UTE in Spain. The scope of work includes the provision of project management and procurement support services for Castor’s underground gas-storage development initiative. John Wishart, Noble Denton’s group managing director, said, “This initiative will see the redevelopment of the abandoned Amposta reservoir to provide back-up gas supplies for the Mediterranean coast of Spain in periods of high gas demand. The project, which will ensure a reliable gas supply to industrial and domestic consumers in Spain, will run over a four-year period and involve up to 25 Noble Denton personnel.
Hyundai Unveils Diesel Engine Dual-fuel LNG Package
Hyundai Heavy Industries (HHI) announce a successful demonstration of the world’s first ME-GI gas engine package test in combination with Hi-GAS. HHI’s independent LNG Fuel Gas Supply (FGSS) the 'Hi-GAS' system (Hyundai Integrated Gas Supply System) allows marine engines to use diesel and LNG for fuel. Hi-Gas system can be used in all types of vessel such as LNG carriers, containerships, and oil tankers. With its advantages, the system can meet both the shipowners’ demands and stricter IMO environmental regulations.
Energean Signs First Deal to Supply Gas to Israel
Greek developer Energean Oil & Gas has secured its first gas supply deals for Israel's Karish and Tanin reservoirs, Reuters reported. The deals were signed with Dalia Power, which operates Israel's largest private power station, and Or Power, which is planning to build new power plants, Energean said in a statement. The two firms will be purchasing an overall amount of up to 23 billion cubic meters (bcm) of gas to operate the Dalia power plant – Israel's largest private power station – as well as future such facilities to be built by Or, the partners announced on Sunday.
IEA Examines Security of Gas Supply
Global gas-fired power generation is fast emerging as a new driver of gas demand, representing 70% of the increase in demand in OECD countries over the period 2000-2030. This tremendous increase is due to the environmental qualities of natural gas, its competitiveness in combined cycle gas turbines (CCGTs). Its adaptability also makes it attractive for the newly, open power sector. Open gas markets are already delivering a great deal, but government monitoring is vital to ensure secure supplies and adequate investment. These issues are addressed by a new International Energy Agency publication “Security of Gas Supply in Open Markets: LNG and Power at a Turning Point” which will be launched by Claude Mandil…
Russia & China Agree on Gas Supplies
As part of the APEC summit in Beijing, a number of documents related to the Russian-Chinese cooperation in the energy sector were signed today in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping. Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC) signed a Framework Agreement on gas supplies via the western route. In particular, the document reflects such conditions as the volume and terms of supply, the take-or-pay level, the location of the gas delivery point on the border.
Russia, Consumer States Discuss Gas Supply Via Ukraine
Russia's Energy Minister and the head of Gazprom discussed gas supplies via Ukraine with representatives of consumer countries Bosnia, Macedonia and Moldova on Saturday, Interfax news agency quoted the ministry as saying. Participants in the Moscow talks, including Russian Energy Minister Alexander Novak and Gazprom chief Alexei Miller, expressed concern that payment problems could result in a fall in the amount of gas crossing Ukraine to countries in south-eastern Europe. President Vladimir…
NLNG Denies Project Delays
In response to press reports claiming delays, Nigeria Liquefied Natural Gas announced that its $5.7 billion LNG project is on schedule and is capable of fulfilling its contractual obligations, according to an AFX News report. NLNG has also taken measures to head off potential problems in the market, including a possible shortage in gas supply in 2006. The LNG project will supply much of the natural gas needs of Europe and the US in the coming decade. Source: AFX News
Western Gas Route To China May Be Implemented Faster
Russia 's President Vladimir Putin on Saturday that the Western Said route to supply Gas to China May be Implemented Faster than the eastern route if China is Supportive. Moscow and Beijing have clinched a $ 400 billion Gas Deal this week after years-Long Talks, which will Help Russia to Diversify Gas Supplies away from Europe , its main export Market. (Reporting by Katya Golubkova, editing by Jason Bush)
Gazprom & Eni Close Rank
Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni. The parties addressed the main areas of and prospects for enhancing the bilateral cooperation in the energy sector, in particular, the partnership within the South Stream project. It was pointed out that new supply routes would provide European consumers with the required gas volumes over the long run. The meeting participants also discussed the issues of Russian natural gas supply to Italy.
LNGL Extends Gladstone Lease
* LNGL has signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum Company (Tri-Star). Liquefied Natural Gas Limited yesterday announced that its 100% owned subsidiary, Gladstone LNG Pty Ltd has agreed to a Variation to the Agreement for Lease with the Gladstone Ports Corporation until 31 March 2016 in two phases. The first phase is an extension of the term from 1 November 2014 to 31 March 2015, with the Company paying an Option Fee of $500,000 and the second phase…
Finnish LNG Terminal Work Awarded
The technology group Wärtsilä has announced it has been awarded a turn-key contract with Hamina LNG Oy to supply a liquefied natural gas (LNG) receiving terminal to be built in Hamina, Finland. The scope includes site filling, soil refurbishment, civil works, infrastructure, full containment storage tank with a combined net volume of 30 000 m3, regasification and gas metering, BOG (boil-off gas handling) system, electrical and control system, unloading, loading system and bunkering and truck loading. The LNG terminal is scheduled to be operational in August 2020.
Bomb Threat Cut Lithuania LNG Terminal Output
Gas supply from Lithuania's liquefied natural gas (LNG) import terminal was interrupted on Wednesday due to a bomb threat that later turned out to be a hoax, the terminal's operator Klaipedos Nafta said on Wednesday. The terminal is now preparing to restart, a spokeswoman said. The floating terminal, leased from Norway's Hoegh LNG , was opened last year and received the first commercial LNG cargo from Norway in late December. The terminal halted gas withdrawals at around 0900 GMT after receiving a bomb threat and was evacuated. Reporting by Andrius Sytas
Ukraine's Naftogaz says paid for January Russian gas supplies
Ukraine's state energy company Naftogaz said on Thursday it has fully paid for Russian gas supplied in January and is in talks with Russia's Gazprom on settling other payments to ensure safe gas deliveries. Gazprom said on Wednesday that Ukraine's total debt for Russian gas deliveries stood at $2 billion and warned it would increase prices starting from April 1. Gazprom declined to comment on Naftogaz statement.