Switzerland

Cyclone Idai batters Mozambique coastal city

Swissinfo | Mar 15, 2019 at 7:00 AM
  • A powerful tropical storm made landfall in Mozambique on Thursday evening, battering a coastal town with heavy rain and wind at speeds of up to up 170 km an hour.
  • The Mozambican government’s emergency services has yet to give an update on the situation.
  • Whole cities were left without access to clean water, sanitation or electricity.

United States

Asian LNG prices dip to 3-year seasonal low

Reuters | Mar 15, 2019 at 5:45 AM
  • Asian spot prices for liquefied natural gas (LNG) this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices attracting Indian demand.
  • The continued drop in prices has been attracting buying interest from India.
  • The tradable price level in Europe is at a discount of around 20 cents per mmBtu to the Dutch price.

United States

Asian LNG prices dip to 3-year seasonal low

CNBC | Mar 15, 2019 at 5:45 AM
  • Asian spot prices for liquefied natural gas (LNG) this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices attracting Indian demand.
  • The continued drop in prices has been attracting buying interest from India.
  • The tradable price level in Europe is at a discount of around 20 cents per mmBtu to the Dutch price.

Greece

Korean shipbuilding merger hits headwinds

Hellenic Shipping News | Mar 15, 2019 at 12:00 AM
  • In the land of giants, a true colossus is set to rise.
  • South Korean firms, notably its “Big Three” – HHI, DMSE and Samsung Heavy Industries, or SHI – are noted for their high technologies, speed of delivery and quality execution.
  • Since the collapse of Daewoo Group, the company has received multiple state bailouts totaling a whopping 12 trillion won, or $10.6 billion.

Netherlands

UGL-Cape score new Karratha gas plant deal

LNG World News | Mar 15, 2019 at 12:00 AM
  • UGL, as part of a joint venture with Cape, has been awarded a new contract for services on the Woodside Energy-operated Karratha gas plant (KGP).
  • The joint venture, between UGL and Cape, will provide brownfields implementation services including planning and execution of work scope for mechanical, electrical and instrumentation, access, fire protection application, blasting and painting, cladding and insulation.
  • Located 1,260 kilometers north of Perth, Western Australia the KGP plant includes five LNG processing trains, two domestic gas trains, six condensate stabilization units, three LPG fractionation units as well as storage and loading facilities for LNG, LPG and condensate.

Greece

Europe wants gas optionality even as it advances fossil fuel reduction goals

Hellenic Shipping News | Mar 15, 2019 at 12:00 AM
  • Europe’s aggressive carbon emissions reduction goals provide a stable future for natural gas demand across the Continent rather than act as a deterrent because of fuel-diversification efforts in many countries, a European Commission official said Wednesday in Houston.
  • The expectation of further growth in US LNG exports has given buyers in Europe that want to reduce their reliance on Russian pipeline gas a viable alternative.
  • The pipeline project has faced intense criticism by the Trump administration in the US, as the American government pushes LNG exports and worries about Russian influence abroad.

Greece

Greece Received ‘Couple’ of LNG Shipments From US Over Last 2 Months – Minister

Hellenic Shipping News | Mar 15, 2019 at 12:00 AM
  • Greece has received a couple of liquefied natural gas (LNG) shipments from the United States over the past two months, George Stathakis, Greek minister of environment and energy, told Sputnik on Wednesday, on the sidelines of the CERAWeek by IHS Markit energy conference.
  • The ministry’s December announcement coincided with the start of the first Greek-US Strategic Dialogue forum in Washington.
  • The Nord Stream 2 project is a joint venture of Gazprom and five European companies: France’s ENGIE, Austria’s OMV, British-Dutch Royal Dutch Shell, and Germany’s Uniper and Wintershall.

Netherlands

Meyer Turku floats Costa Cruises’ LNG-powered liner

LNG World News | Mar 15, 2019 at 12:00 AM
  • Costa Smeralda will be the first LNG-powered cruise ship in the Costa fleet and one of the first ones to sail the seas.
  • Costa Cruises also expects the delivery of a second vessel, the sister ship of Costa Smeralda, also built by Meyer-Turku.
  • Costa Smeralda’s début is expected on October 20, 2019.

Netherlands

HAM Group opens mobile LNG station in Valencia

LNG World News | Mar 15, 2019 at 12:00 AM
  • HAM’s mobile station is equipped with an LNG distributor that will supply trucks and heavy vehicles 24/7.
  • It is located near the A-3 motorway, also known as Autovía del Este or Autovía de Valencia, a natural union between Madrid and the Mediterranean coast of the Valencian community.
  • Currently, HAM has 36 stations of natural gas, between mobile and fixed, distributed in Spain and in the rest of Europe.