Europe to Lose LNG Supply to Egypt

 

 

 

ME

By MarEx 2015-03-11 09:17:28

Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up to become the region's top-paying importer, traders said, potentially increasing gas prices in northwest Europe.

While analysts still expect more LNG to land in Europe this year than in 2014, forecasts will be tempered by increased competition with Egypt, signaling tighter supplies at a time when Dutch authorities move to limit production from Europe's biggest gas field. That may force gas prices higher in northwest Europe as utilities look to refill depleted inventories, analysts said.

A year-long demand slump in Asia, the world's biggest LNG market, has triggered a rush of sea-borne deliveries to typically overlooked European ports

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Precios del combustible

http://shipandbunker.com/prices

 

Oil Prices

US $ per bblWTIBRENTJul. 18Dec. 5501000150Thursday October 9, 2014WTI: 85.77 $/bblBRENT: 90.05 $/bbl
WTIBrent
T Mar 5 50.76 0.77 60.48 0.07
W Mar 4 51.53 1.01 60.55 0.47
T Mar 3 50.52 1.42 61.02 0.83
F Feb 27 49.10 0.24 61.85 0.82
T Feb 26 49.34 0.21 61.03 1.81
W Feb 25 49.55 0.44 59.22 0.59

Spain imports N1.49tn crude oil from Nigeria in 2014

 

 

 

 

Spain imports N1.49tn crude oil from Nigeria in 2014

 

ABUJA: The Head of Economic and Commerce of the Spanish Embassy in Nigeria, Mr. Pablo Segrelles, has said that €6.5bn (N1.49tn) worth of crude oil was exported from Nigeria by his country in 2014.

He said the huge volume of oil and gas exported from Nigeria exceeded the volume of goods sent to the country by Spain.

Speaking at a business luncheon organised by the Nigerian-Spain Association on Wednesday, Segrelles said the business relationship between both countries would extend to other sectors because of the diversification of Nigerian economy.

He said, “There has always been productive relationship business relationship. Spain

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Reganosa recurre la autorización al gasoducto que abastecerá la regasificadora de Gijón, terminada y paralizada desde 2012

 

 

 

La Opinión Coruña

24.02.2015 | 01:00

Reganosa, propietaria de la regasificadora de Mugardos, presentó un recurso ante el Tribunal Supremo contra la autorización del Gobierno al gasoducto asturiano El Musel-Llanera, esencial para que la planta de regasificación asturiana llegue a conectarse al sistema energético nacional. Reganosa, que tiene entre sus máximos accionistas al grupo Gadisa y a la Xunta, maniobra así ante una posible competidora, que se acabó de construir en 2012, pero permanece sin uso y por ahora sin fecha para entrar en servicio. Su apertura supondría concentrar dos instalaciones similares a dos horas y media en coche y 142 millas náuticas por mar. Además de la de Reganosa, existe ya otra planta regasificadora en Bilbao.

La sala de lo

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BW LPG Doubles Annual Profit

 

 

 

wmn

Singapore-headquartered gas carrier owner and operator BW LPG has reported a net profit after tax of USD 255.7 million in fiscal year 2014, over two times more compared to USD 125 million profit recorded in 2013.

Operating revenue increased to USD 747.4 million in FY 2014, compared to USD 449.2 million in 2013.

The company almost doubled the time charter equivalent earnings (TCE) in 2014, which rose from USD 288.7m recorded in 2013, to USD 539.2m in 2014.

The increase in the company’s TCE was mainly attributable to improved freight rates, particularly from the Very Large Gas Carrier (VLGC) segment, and increased fleet size and utlilisation.

BW LPG has further expanded its VLGC fleet with today’s delivery of BW Carina, the second in its newbuilding program of

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