Golar Power Limited to provide FSRU for LNG Croatia
LNG Croatia LLC officially closed the procurement procedure for the provision, operation and maintenance services of a Floating Storage & Regasification Unit (FSRU). During the process, bids from three different companies were received: Norwegian Golar Power Limited, Japanese Mitsui O.S.K. Lines and Greek Maran Gas Maritime Inc. After having evaluated the bids, Golar Power Limited was chosen for being “economically most advantageous”. The selected vessel has an LNG storage ca
LNG Croatia prolongs closing the second round Open Season
State-owned developer LNG Croatia LLC prolonged the deadline for submitting binding offers from 2nd of August to 28th of September 2018. The decision was made after receiving several requests from potential terminal users. Source: LNG Croatia #LNG #Croatia
LNG Croatia reissues its FSRU tender
Croatian state-owned developer LNG Croatia reissued its tender for the procurement of the Floating Storage & Regasification Unit (FSRU) due to formal reasons. LNG Croatia announced an invitation to submit bids in the “Procurement of goods and services consisting of delivery of the FSRU unit with the provision of FSRU operation and maintenance services” Deadline for submission is set at 21st of September 2018. As reported by LNG Croatia LLC, during previous procurement procedu
Lithuania receives first shipment of US LNG
On 21th of August, with the arrival of an LNG tanker from Sabine Pass to Klaipėda terminal, Lithuania received its first shipment of liquefied natural gas (LNG) from the US in an effort to reduce the country's dependance on Russian gas. The government announced it estimates half of Lithuania's gas consumption will be covered by LNG imports in the near future. Norway's Statoil is the prime contender to provide LNG supply, while the other half of consumption will be covered by
Krk LNG and Sincro Grid awarded EU grants
Croatian based floating LNG terminal in Krk was approved over €102 million grant by the Connecting Europe Facility (CEF): €747,000 for a feasibility stuy and €101.5 million for the construction (28% of the overall, €363 million, estimated project value). The project is aimed at improving the country's, but also the region's energy security by enabling a diversified gas supply of an area mostly dominated by Russian gas. It is a National Strategic Project for Croatia and a Proj
Egypt acquires $1 Bln worth of LNG
Egyptian state-owned gas utility EGAS signed agreements with Russian Rosneft, Franch Engie and Omani OTI on purchasing $1 billion worth of LNG. The deal stipulates 45 shipments of up to 5.5 million cubic feet each, by March. Source: Sputnik News #LNG
BP forecasts surplus supplies for oil
In its Energy Outlook 2035 report, BP forecasted a future of slowing demand growth and abundant supply for oil. Growing population and increase in income will foster energy demand growth. Fossil fuels should continue to dominate the energy mix, but a shift towards lower-carbon fuels is set to occur. Oil and coal shares are set for a decline, while renewable energy and gas are predicted to record notable growth. BP sees gas as destined to overtake coal to become the second lar
