Management Board News

03 Apr 2019

Novatek, Repsol Pact for Arctic LNG 2

Image: Novatek

Russia's second largest natural gas producer Novatek said that its trading subsidiary Novatek Gas&Power Asia and Spanish energy company Repsol  have agreed to a 15-year contract to supply 1 mtpa of LNG from the Arctic LNG 2 project and other projects.The LNG will be delivered ex-ship primarily to markets on the Iberian Peninsula, said a release from Novatek.“The agreement for the sale of LNG would allow us to increase our market presence on the Iberian Peninsula where Russian pipeline gas is not supplied…

02 Apr 2019

Vitol, Novatek Sign LNG Deal for Arctic 2 Plant

Pic: Novatek

Novatek Gas & Power Asia, a trading unit of Russia’s largest independent natural gas producer and LNG operator, Novatek, signed a heads of agreement with British energy and commodity trading company Vitol for the supply of LNG from the Arctic LNG 2 project.The Agreement envisages concluding a 15-year contract with annual supply of one million tons of LNG from the Arctic LNG 2 project as well as other Novatek’s projects.The LNG will be shipped on FOB basis to Novatek’s transshipment terminals in the Murmansk region and Kamchatka…

21 Mar 2019

Damen: Construction of Shortsea LNG Bunker Vessel Underway

Artist's depiction of the shortsea LNG bunker vessel (CREDIT: Damen)

Steel cut for first short-sea LNG bunker vessel for Eesti Gaas at Damen Yichang Shipyard, China.On March 18, 2019, a ceremony was held at Damen Yichang Shipyard, China, to mark the start of cutting steel for the first of a planned series of short-sea LNG Bunker vessels to be built for Eesti Gaas of Estonia. The 6,000m³ capacity vessel and its future sister-ships are intended to accelerate the wider adoption of LNG as a cleaner alternative fuel in the north-eastern region of the Baltic Sea by providing a mobile and efficient ship-to-ship distribution service for the first time.Virgo Vinkel…

13 Mar 2019

V. Group Appoints Holland

Steve Holland (Photo: V. Group)

V.Group, a global marine support services provider, has announced that it has appointed Steve Holland as a non-executive director.Holland brings a wealth of knowledge and expertise garnered from over 30 years in chemical manufacturing and distribution. He is currently Chief Executive Officer of Brenntag, the world’s largest chemicals and ingredients distributor, operating in 73 countries with 16,000 employees.Holland began his career in research and development. In 2007, he was appointed Chief Executive Officer of the Brenntag European business and joined the Group’s management board.

14 Feb 2019

Eurogate Container Volumes Stable in 2018

Image: Eurogate

Despite the persistently challenging market environment, German terminal operator Eurogate managed to close the 2018 financial year with stable container handling volumes.In 2018, the Bremen-based group managed to handle a total of 14.1 million TEUs at its twelve locations in and around Europe.The volume of intermodal container transports increased by 2.8 per cent to around 1.05 million TEUs.At the Eurogate Group’s five German terminals, the previous year’s handling figures were confirmed.

03 Feb 2019

Arctic LNG 2, Siemens Sign Deal

Pic: Novatek

Russian gas producer Novatek said that it had signed a deal with German tech giant Siemens to buy compressors for its new Arctic LNG 2 natural gas liquefaction plant.Novatek's second LNG export facility after Yamal LNG, the 19.8 million mt/year Arctic LNG-2 project is moving closer to the reality after this deal.The scope of supply under the contract includes three feed gas compressors and six boil-off gas compressors. The document also provides for localizing the equipment fabrication…

27 Jan 2019

Polskie LNG Gets Permits for Terminal Expansion

Image: Polskie LNG SA

Polish LNG terminal operator Polskie LNG has obtained a set of environmental and location decisions for all projects implemented under the LNG Terminal Expansion Program.The environmental permits are final, while the decisions issued by the Governor of West Pomerania are immediately enforceable (which stems directly from the provisions of the Special Act on the LNG Terminal).The Expansion Program of President Lech Kaczyński's LNG Terminal is implemented as scheduled."The environmental…

25 Jan 2019

PGNiG LNG Loads 4000th Tank Truck at Swionujscie Terminal

Image: PGNiG

Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo SA   (PGNiG) has released a statement claiming that the 4000th tank truck loaded with LNG has successfully left the Swionujscie terminal."Last year 1,794 LNG tank trucks filled with LNG left the ĹšwinoujĹ›cie terminal, compared to 1,523 in 2017. Since the mid-2016, when the LNG terminal became operational, a total of 4,000 tank trucks were loaded with LNG by PGNiG," it said in a statement.PGNiG strengthens its position in the small-scale LNG market…

02 Jan 2019

Novatek, Saibu Gas Ink MoU

Image: Novatek

Russia's largest independent natural gas producer Novatek said it had agreed with Japan's Saibu Gas to study the possibility for the Russian company to enter the Japanese energy market.Novatek said in a press release that PAO Novatek and Saibu Gas Co Ltd signed a  Memorandum of Understanding (MOU), whereby the parties agreed to consider potential cooperation to enter the end-customer market and optimize Novatek’s LNG portfolio supplies to the Asia-Pacific region by utilizing Hibiki…

22 Dec 2018

Arctic LNG 2 Signs Agreement on GBS Construction

Russian natural gas producer Novatek's next LNG project, Arctic LNG 2, has signed an agreement on the design and construction of gravity-based structures (GBS).The Russian company SAREN, a joint venture of Renaissance Heavy Industries Russia (RHI Russia B.V.) and SAIPEM S.p.A, will perform the work. The agreement provides for the design and construction of three GBS platforms for the Project’s natural gas liquefaction trains. The scope of work under the contract includes management, design, supply of materials and equipment, construction of three GBS structures at the NOVATEK-Murmansk plant, as well as commissioning and preparation for operations, including towing and installation of the GBS structures.

22 Dec 2018

Arctic LNG 2 to Buy Nuovo Pignone Turbines

Russia's largest independent natural gas producer PAO Novatek announced that its next LNG project, Arctic LNG 2 and Nuovo Pignone (Italy) signed an agreement on turbo machinery equipment.The the seventh largest publicly traded company globally by natural gas production volume said in a press release that the agreement provides for the supply of gas turbine compressors and gas turbine generators for the three liquefaction trains for the Arctic LNG 2 project.“Our partnership with Nuovo Pignone extends back to 2013 as they supplied gas turbine compressors for the three liquefaction trains of our Yamal LNG project.” noted Leonid Mikhelson, Novatek's Chairman of the Management Board.“For Arctic LNG 2, we need the unique turbo machinery to produce 6.6 million tons of LNG per annum.

20 Dec 2018

Sempra Energy's Port Arthur LNG in Pact with PGNiG

Image: Sempra Energy

Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas. The agreement defines basic terms and conditions of a 20-year contract to be finalized between the parties for the sales and purchase of two million tonnes per annum (Mtpa) of LNG…

19 Dec 2018

Russian Novatek, Italian SACE in LNG Pact

Image: Novatek

Russian gas giant Novatek and SACE SIMEST, the Italian export credit company part of CDP Group, have finalized an agreement on strategic cooperation in the liquefied natural gas (LNG) projects, including Arctic LNG 2."PAO Novatek and SACE signed a Memorandum on Strategic Cooperation in relation to the Company's current and future LNG projects. The parties agreed to develop long-term cooperation on the Arctic LNG 2 project and potential new LNG projects involving Italian suppliers and engineering companies…

14 Dec 2018

Poland's PGNiG Receives US LNG

Image: PGNiG

Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) is set to receive a spot cargo of U.S. liquefied natural gas (LNG).The Warsaw-headquartered oil and gas company said in a statement that it will receive a delivery of liquefied gas shipped to ĹšwinoujĹ›cie by Centrica LNG Company Limited. It will be the third spot delivery arriving at the President Lech KaczyĹ„ski Terminal this year.The Hoegh Gallant vessel will arrive in Poland carrying on board approximately 65 thousand tonnes of LNG, which, after regasification, will yield almost 90 mcm of gas.

12 Dec 2018

Yamal LNG Reaches Full Capacity

Image: Novatek

The Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third and last production line Tuesday.Russia's independent natural gas producer PAO Novatek announced that its joint venture Yamal LNG has reached full capacity at the plant’s three LNG trains.The Yamal LNG project was implemented in record time and on budget with the launches of the second and third trains made ahead of schedule by six months and more than a year, respectively. Russian…

09 Dec 2018

Estonian Port Offers Discounts to Green Ships

Image: Port of Tallinn

Estonian port authority Tallinna Sadam (Port of Tallinn) announced that starting from next year the ships that have joined the Environmental Ship Index (ESI) can apply for discount on tonnage fees of up to 8%.The Baltic Sea port said in a press release that the new port pricing system involving differentiated port fees is aimed at encouraging shipping companies to adopt environmentally friendlier technologies and thus also contribute to the health of Baltic Sea ecosystem.The head…

23 Nov 2018

SOGET launches EasyBrexit!

Pic: SOGET

France-based Port Community System operator SOGET, in close collaboration with French customs, port authorities, ferry companies and road hauliers, will offer an integrated e-freight corridor based on a digitalized anticipation of information flows related to cross-Channel goods."Cross-channel RO-RO traffic of trucks and its logistics’ fluidity in ports are crucial matters for the competitiveness of the Great-Britain - Europe corridor. With 5 million trucks on the coastal border territory…

18 Oct 2018

PGNiG, Venture Global LNG Deal for 2 MTPA of LNG

Image: PGNiG

For a 20-year term, Polish Oil and Gas Company (PGNiG) will receive liquefied natural gas from the USA for domestic customers or for resale.The new contracts will provide a total of 2 MTPA of LNG, which is approximately 2.7 billion m³ of natural gas after regasification, and this equals – depending on the vessel capacity – over 25 cargoes a year.Under the agreements, PGNiG will purchase LNG on a free on board (FOB) basis starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility…

03 Oct 2018

Novatek, Siemens Sign LNG Partnership

Pic: Novatek

Russia's natural gas producer Novatek and German engineering giant Siemens have signed a strategic partnership agreement that covers cooperation in the liquefied natural gas (LNG) sector.Novatek said in a press release that the agreement was signed by Novatek Chief Executive Leonid Mikhelson and his Siemens counterpart Joe Kaeser in Moscow.According to the agreement, the parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects on a “turn-key” basis inclusive of LNG supply…

01 Oct 2018

Furgo Taps Heine as New CEO

Mark Heine (Photo: Fugro)

Dutch offshore services company Fugro NV has appointed longtime employee Mark Heine as its next CEO and Chairman of the Board of Management. He succeeds Øystein Løseth, who has decided to resign after only several months in the role.Heine, who most recently served as director of Fugro's marine division, began his career at Fugro in 2000 as geodesist on various onshore and offshore survey projects. By 2002 he fulfilled several management roles in the survey division with increasing responsibilities. From 2012 he served as regional director Europe-Africa for the survey division.

24 Sep 2018

Russia's Novatek Ships First LNG Cargo to Brazil

Image: Novatek

Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project.A statement from PAO Novatek said that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd. has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.“Our LNG marketing strategy aims to diversify our supply geography and customer base,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board.

19 Sep 2018

Portugal Joins WISTA International

Image: WISTA's official Twitter page

The Women’s International Shipping & Trading Association (WISTA) has welcome Portugal to the global network of executive women in shipping.The launch of WISTA Portugal was announced today by Ana Paula Vitorino, Portugal’s Minister of the Sea at Portugal Shipping. WISTA Portugal joins 44 other National WISTA Associations (NWAs).“WISTA International has had a strong relationship with Portugal’s women in shipping,” said WISTA International President Despina Panayiotou Theodosiou. “We are proud to formally include Portugal in the WISTA family.

12 Sep 2018

Novatek, Rosatom Plan LNG-Powered Icebreaker Fleet

Image: Novatek

Russia’s natural gas producer and the operator of the giant Yamal LNG export project Novatek, has signed an agreement of intent with Russian state nuclear firm Rosatom to establish a joint venture (JV).The JV plans to establish a long-term partnership to jointly develop, finance and implement a project to create a liquefied natural gas (LNG)-fuelled icebreaker fleet.

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