Bahrain’s Plans for a New LNG Receiving and Regasification Terminal

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.

Europe’s Need to Grow a Backbone for Energy Security

A report generated by the Atlantic Council, a highly influential international think-tank based in Washington DC, has called for greater connectivity in the supply for LNG across Europe.  It states that current and proposed pipeline development projects need to be moved forward and properly coordinated to ensure gas can flow freely across the continent.  The report makes two main suggestions for how this can be accomplished and purports that the major benefits to these hugely ambitious projects will be greater competition with Russian pipeline gas and US LNG in addition to greater energy security for the whole of the EU as countries would no longer be dependent on gas supply from individual countries such as Russia or Norway.

Gas Demand Across European Union To Increase by 7% in 2015

After four years of decline, European gas demand is estimated to increase by 7% in 2015 with respect to last year according to the latest forecast from Eurogas, the gas association representing the European gas wholesale, retail and distribution sectors. The first half of 2015 saw a significant increase of approximately 9% in demand, compared with the same period in 2014. This estimate comes from their annual survey, covering approximately 87% of the EU gas market.

Which is the Best Flow Meter for Bunkering?

Now with more pressure to take care of the environment and high bunker fuel costs, the shipping industry has to carefully monitor operating expenditure and fuel consumption. There have been longstanding methods to measure fuel consumption, such as tank measurements and noon reporting. But with high accuracy becoming increasingly important for ship owners and operators, the use of fuel flow meters for shipping operations is growing in popularity.