EU Plans Annual Naval Exercise to Protect Subsea Pipelines, Cables, and Offshore Wind Farms
The European Union wants to hold joint naval exercises as part of plans to step up its efforts to protect critical infrastructure at sea, the EU environment policy chief said.Concerns about security threats to Europe's maritime infrastructure were heightened by attacks in September on the Nord Stream pipelines, which left them spewing natural gas into the Baltic Sea.The EU is set to publish an updated maritime security strategy on Friday, outlining plans to hold an annual EU naval exercise and coordinate countries' national efforts to protect gas pipelines…
Boskalis Lifts Profit Outlook as Demand for Offshore Wind Grows
Dutch dredging and marine services firm Boskalis on Thursday slightly raised its 2022 profit outlook after a half-year earnings beat, as the West seeks to replace Russian gas with other energy sources.The group, which offers marine services and contracting for the oil and gas sector and offshore wind industry, reported core profit (EBITDA) of 292 million euros ($297 million) in the first six months of the year, against analysts' average estimate of 279 million euros. Russia's…
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 current year until 30 September of the following year.According to a press note from the operator of the Klaipėda Oil Terminal based in Klaipėda, Lithuania, in April, about 1.48 TWh of gas were regasified in the LNG terminal (28.3% more than the amount of gas regasified in the same period last year)…
ENI, Anadarko to Build LNG Terminals in Mozambique
Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that could transform it from a poor African country into a major energy supplier to Asia. The agreements were signed by Mozambique's energy minister Letícia Klemens and the regional heads of ENI and Anadarko, a Texas-based oil producer. The two companies will separately build their own terminals, Klemens told a press conference. She declined to give the size of the investments.
U.S. Ready to Help Hungary Build Energy Independence
The United States is willing to help Hungary and other European countries build energy infrastructure to reduce its dependence on Russian oil and gas, U.S. Chargé d'Affaires in Budapest André Goodfriend has told Nepszava newspaper. "Relying on Russian sources threatens energy independence," Goodfriend told Nepszava in an interview published on Saturday. Hungarian Prime Minister Viktor Orban has drawn criticism from Western governments for trying to secure supplies of energy and trade for Hungary by doing deals with Moscow. Critics say he should not be cosying up to Russia when it has sent troops into Ukraine. On Friday, Orban accused the European Union of sabotaging the Russian-backed South Stream gas pipeline project…
PGN Planning to Build LNG Terminals
State gas company PT Gas Negara Tbk/PGN is planning to build three LNG (liquefied natural gas) terminals at a total cost of $1.782b in Java and Sumatra, reports said. The terminals would be built in West Java, East Java and Medan (North Sumatra). He said demand for gas in West Java was now recorded at 1,112 million standard cubic feet per day (MMSCD). Yet, gas supply capacity in 2011 was expected to be only 731 million cubic feet per day (MMCFD) which would be used up by 2024. The funds would come from PGN and foreign loans. Construction work was scheduled to be commenced in the fourth quarter of 2008 and continue until 2011 while the operating contract as well as maintenance would last until the fourth quarter of 2011-2016. Source: Antra News
Keppel Opens Nantong Shipyard
Unveiling the sculpture, Soaring with the Can Do spirit, to commemorate the inauguration of Keppel Nantong Shipyard are Mr Luo Yi Min, Party Secretary of Communist Party of China (CPC) Nantong Committee and Mr Lim Chee Onn, Executive Chairman of Keppel Corporation. Keppel Offshore & Marine Limited (Keppel O&M) has officially opened its new wholly-owned subsidiary, Keppel Nantong Shipyard Co. Ltd (Keppel Nantong), in Nantong, Jiangsu province, China. Min, Party Secretary of Communist Party of China (CPC) Nantong Committee, graced the occasion as the Guest-of-Honour, joined by more than 300 guests. The ceremony was landmarked by the sale of two 45-tonne Azimuth Stern Drive tugboats to Kuwaiti owner, Arabian Gulf Mechanical Services & Contracting (AGMS).
Bill Introduced on Siting of LNG Terminals
Representative Ruppersberger (D-MD) introduced a bill (H.R. 2042) to amend the Natural Gas Act to modify a provision relating to the siting, construction, expansion, and operation of liquefied natural gas terminals, and for other purposes. Source: HK Law
Study: LNG Explosion Would Not Reach Land
A catastrophic release of liquefied natural gas from a terminal proposed off the Ventura County coast could spread a powerful and spectacular fireball over several miles, but pose no threat on land because the facility would be at least 14 miles offshore, a new study shows. The gas-processing plant, one of four proposed for Southern California, would convert fuel shipped from across the Pacific Ocean for use in Los Angeles-area factories and power plants. Such terminals operate around the world with a good safety record, yet the newly released analysis shows that the effect of a worst-case disaster would be significantly greater than identified when the project, called Cabrillo Port, was proposed nearly three years ago.
