Teekay LNG Partners announced that it intends to issue 500-700 million NOK in new senior unsecured bonds in the Norwegian bond market that mature in May 2017 which, at current conversion rates, have an aggregate principal amount equivalent to approximately USD 85-120 million. The proceeds of the bon
Peru LNG shipped a cargo of liquefied natural gas to Spain on April 15, according to PeruPetro S.A. The cargo is being hauled by the Valentsia Knutsen, a 173.400 cubic-meter tanker. The Peru LNG Project includes two parts: an LNG Plant with a Marine Terminal from which LNG is sent overseas, and a pi
INPEX today held a groundbreaking ceremony for the 102km long Natural Gas Trunk Pipeline (Toyama line) extending from Itoigawa City, Niigata Prefecture to Toyama City, Toyama Prefecture, Japan, at the nearby construction site in Uozu City, Toyama Prefecture. Many local guests were invited to this ce
Cheniere Energy Partners announced that its subsidiaries, Sabine Pass Liquefaction and Sabine Pass LNG, have received authorization under Section 3 of the Natural Gas Act from the Federal Energy Regulatory Commission (FERC) to site, construct and operate facilities for the liquefaction and export of
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG from Qatar this week, according to shipping data. The Maersk Qatar LNG tanker, with a capacity of 145,000 cbm, is due to arrive on April 21. The Zeebrugge terminal is operated by Fluxys LNG and has an annual thr
The U.S. Energy Information Administration (EIA) said in a report that the ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months. Analysts calculate the ratio in different ways to assess the value of c
Cheniere Energy Partners said today that it has engaged eight financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to $4 billion of debt facilities. The proceeds will be used to pay for costs of development and construction of the liquefaction projec
TDW Offshore Services announced that it has completed a pipeline pressure isolation operation in Qatar on behalf of a major supplier of liquefied natural gas (LNG). The operation took place at the customer’s LNG complex in Qatar. Natural gas is transported from platforms offshore Qatar through seven
Mitsui O.S.K. Lines announced the certification of its own seafarer education and training program by Oslo-based Det Norske Veritas (DNV). The MOL Rank Skill Training and Evaluation Program (MOL RankSTEP) received DNV certification for compliance with the Competence Management System (CMS) on April
Belgium’s EXMAR confirmed the sale of the LPG/C CHACONIA (28,070 m³ – built 1990) and the LPG/C ELVERSELE (37,511 m³ – built 1996). The vessels will be delivered to their new owners in April and July 2012, the company said in a statement. The total net sale price amounts to USD 48,9 million. EXMAR w
Daewoo Shipbuilding & Marine Engineering of South Korea secured a contract for two 160,000 cbm LNG carriers from Angelicoussis Group of Greece, the company said in a statement. Two newbuildings are slated for delivery by mid 2015 and will be operated by Angelicoussis’ unit Maran Gas Maritime. The or
Australia’s natural coal seam gas (CSG) producers are today continuing an information campaign focussing on the investment, jobs, environmental benefits, and enormous opportunities the industry now generates. Produced by the Australian Petroleum Production & Exploration Association (APPEA), the apol
Spain’s Bilbao import terminal is scheduled to receive a shipment of LNG from Trinidad this week, according to port data. The cargo is being hauled by the Sohar LNG carrier, with a capacity of 137,248 cubic metres, and it is due to arrive at the Bilbao terminal tomorrow. Bilbao terminal facilities h
UK’s Grain LNG terminal will receive a cargo of liquefied natural gas this week, according to shipping data. The cargo is carried by the 126,000 cbm Mourad Didouche tanker and it is due to arrive at the Grain LNG terminal on April 19. Grain LNG is the UK’s first modern LNG facility and can hold [&he
