NOGA/nogaholding sign Bahrain LNG Terminal Project
Under the patronage of His Excellency Dr. Abdul Hussain bin Ali Mirza, the Minister of Energy, The National Oil & Gas Authority (NOGA) and The Oil and Gas Holding Company (nogaholding) signed the project agreements for the development of an LNG receiving and regasification terminal in Bahrain with a consortium of Teekay LNG Partners (Teekay LNG), Samsung C&T (Samsung) and Gulf Investment Cooperation (GIC). The project, to be developed on a BOOT (Build-Own-Operate-Transfer) basis, will be located in Hidd Industrial area of Bahrain and will help the Kingdom meet the increasing demand for gas supplies to satisfy its industrial and urban development.
Finngulf terminal and Balticconnector pipeline not commercially viable
Gasum has conducted thorough studies on the feasibility of constructing a regional LNG terminal in Southern Finland and the Balticconnector offshore pipeline between Finland and Estonia. As Gasum has already stated earlier, implementation of the projects require them to be commercially viable. On the basis of the studies Gasum has conducted the Finngulf and Balticconnector projects are not regarded as commercially viable and there is not sufficient demand for them in the Finnish market. Therefore Gasum will give up the implementation of both projects.
Chart E&C Receives LNG Liquefaction Equipment Order for Magnolia LNG Project
Chart Industries, Inc. (Chart) (Nasdaq:GTLS) today announced that Magnolia LNG, a subsidiary company of Liquefied Natural Gas Limited, has awarded its wholly-owned subsidiary, Chart Energy & Chemicals, Inc., contracts in excess of $40 million for the supply of brazed aluminum heat exchangers (BAHX), Core-in-Kettle® exchangers and cold boxes for its mid-scale LNG project at Lake Charles, Louisiana.
Wärtsilä wins two more regasification module contracts for LNG vessels
South Korean shipyard Hyundai Heavy Industries (HHI) has placed two important contracts with Wärtsilä for seawater/propane based regasification modules. The systems are to be installed on FSRU (Floating Storage and Regasification Unit) vessels owned by Höegh LNG, the Norway based leading owner and operator of floating energy solutions, and by Russian energy company Gazprom. The contracts were signed in July. There is also an option for a further contract from HHI for another Höegh vessel that is valid until December of this year.