Posted on 14/02/17, filed under Flow Measurement | No Comments
The kingdom of Bahrain is about to begin construction of a huge liquefied natural gas (LNG) receiving and regasification terminal to secure its energy future and power industrial expansion. Requiring a $741 million loan from a syndicate of nine regional and international banks and following an international tendering process, the project is owned by a consortium of companies, making the finance arrangements and partnerships involved complex, the construction plans expansive and the future goals ambitious.
Posted on 10/01/17, filed under Flow Measurement, News | No Comments
The International Energy Agency released its World Energy Outlook for 2016 recently and its findings suggest that the period up to 2040 will be one of great change in the way the world powers itself. Thanks to the Paris Agreement, it predicts a rise in the use of renewable energy sources and natural gas with a significant decline in the use of coal.
Posted on 14/12/16, filed under Fresh News | No Comments
Winter is always an interesting time of year in the energy industry, as demand spikes and any shortfalls need to be addressed. This winter has already seen demand for liquid natural gas (LNG) imports and exports rise to levels not seen in years. Due to unforeseen circumstances, the UK began this winter heating period with low long-term stockpiled levels of LNG, due to issues both at home and abroad. The recent cold weather brought an expected increase in demand across Europe and the UK’s economic situation made UK LNG more attractive to foreign buyers. New deals are also being signed to supply more LNG to the UK to prevent any threat of a shortfall going forward.