Oleg Vukmanovic

1 week ago | worldports.org | Carlos Martinez |Oleg Vukmanovic |Susanna Twidale

By Oleg Vukmanovic and Susanna Twidale/LONDON (Reuters) – Britain faces a growing risk of spikes in wholesale gas prices as ageing storage facilities mean increased maintenance and greater reliance on imports to meet spot demand. The main storage site, Centrica’s Rough, is over 30 years old, and its closure last month for at least 42 days to inspect the integrity of wells has underscored the vulnerability of the country’s storage capacity.

1 month ago | worldenergynews.com | Oleg Vukmanovic

By Oleg Vukmanovic, ReutersA compressor leak at Angola's new liquefied natural gas (LNGLF) (LNG) export plant has delayed loading programs and reduced output at the $10 billion project, which is due to shut for two months from July, a site manager said. Delays caused by a leaking valve at an air compressor unit has meant that LNG initially due to start being pumped aboard a waiting vessel on Tuesday this week has been pushed back to Monday next week.

1 month ago | worldenergynews.com | Oleg Vukmanovic |Joseph Keefe

Yemen on Friday lifted force majeure on liquefied natural gas (LNGLF) (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said. Reuters reported last week that the 6.7-million-tonne-per-year gas export terminal, operated by France's Total, had declared force majeure due to deteriorating security following the collapse of the government. Force majeure is a clause in contracts that allows buyers or sellers to renege on commitments due to events beyond their control.