LNG Heads Out the Door as Asia Outbids European Utilities

By Anna Shiryaevskaya (Bloomberg) -- Northwest European liquefied natural gas terminals are for the first time exporting more of the fuel than they are feeding into the region’s pipeline networks. Even with the European benchmark at a record for this time of year, surging demand in Asia to South America means traders are sending ships with the super-chilled gas there instead … [Read more...]

EU Touts U.S. LNG Imports to Woo Trump on Trade

BRUSSELS, Aug 9 (Reuters) - The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive. In talks to urge Trump to drop hefty new tariffs last month, the EU's chief executive Jean-Claude Juncker agreed to work to increase … [Read more...]

Development of France’s Long-Planned Seine-Nord Canal Depends on Funding, Minister Says

By Geert De Clercq PARIS, Aug 9 (Reuters) - A project to build a canal to link Paris with major harbours of northern Europe will depend on lining up the necessary funds, the French government said on Wednesday, without saying if it believed the finance could be found. France has long planned to build the waterway dubbed the Seine-Nord canal to allow large barges to sail from … [Read more...]

Frustrated Shippers Say No End in Site to Barge Congestion at Northern European Ports

By Alexander Whiteman (The Loadstar) - Shippers say they feel powerless over the barge congestion crisis in northern Europe – one believing there may be no early solution. Stanley Black & Decker’s senior transportation manager for EMEA-ANZ, David Lenaers, told The Loadstar congestion at Antwerp had been a problem since last year. “Although things may have seen a … [Read more...]

‘Major’ Oil Storage Terminal Coming to Adriatic

By Libby George LONDON, Oct 31 (Reuters) - Global oil storage company VTTI launched a new terminal in Croatia on Monday to target oil product demand in the Adriatic in advance of what the company says is substantial further expansion in Europe. The storage company announced its acquisition of a newly opened Adriatic Tank Terminal in Ploce, a deepwater port on the Croatian … [Read more...]