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Tag Archives: LNG

Greece, Iran consider oil, LNG, renewable projects

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TEHRAN: Greek Environment and Energy Minister Panos Skourletis and Iranian Deputy Foreign Minister for Europe and America Majid Takht Ravanchi agreed to expand energy cooperation between the two countries, noting the big potential in this area, the Greek ministry said in a press release. At a meeting that also included Iran’s Ambassador to Athens and Hellenic Petroleum Grigoris Stergioulis, the ... Read More »

Magnolia LNG signs contract with Meridian

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COPENHAGEN: Magnolia LNG has signed a deal to provide liquefaction services of up to 2m tpa at Meridian LNG’s terminal on the Calcasieu shipping channel at Lake Charles, Louisiana. The tolling agreement has an initial term of 20 years and firm annual capacity of 1.7m tpa. The contract includes the option to extend the contract term by a further five ... Read More »

Ship laden with LNG expects in Jordainian port Aqaba on Friday

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AMMAN: A ship carrying liquefied natural gas (LNG) is scheduled to arrive at Aqaba Port on Friday to supply the floating vessel and be distributed to the Kingdom after regasification, while the surplus will go to the Arab Gas Pipeline. LNG is natural gas that has been converted to liquid form to facilitate storage and shipment, according to web sources. ... Read More »

Teekay LNG Partners orders 2 firm 174,000-cbm LNG carriers after BP deal

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ATHENS: Teekay LNG Partners has ordered two firm 174,000-cbm LNG carriers plus one option from Hyundai Samho Heavy Industries after signing a long-term timecharter deal with BP Shipping. The vessels will be built to a fuel-efficient design and are expected to be delivered in the first quarter of 2019. BP Shipping has agreed to take one of the newbuildings out ... Read More »

Teekay LNG Partners orders 2 firm 174,000-cbm LNG carriers after BP deal

lng

ATHENS: Teekay LNG Partners has ordered two firm 174,000-cbm LNG carriers plus one option from Hyundai Samho Heavy Industries after signing a long-term timecharter deal with BP Shipping. The vessels will be built to a fuel-efficient design and are expected to be delivered in the first quarter of 2019. BP Shipping has agreed to take one of the newbuildings out ... Read More »

LNG Carrier Market currently valued at $7.45b in Australia, Indonesia

LNG

CANBERRA: Natural gas is conventionally transferred via pipelines. However, offshore pipelines are less viable than onshore and are thus generally limited to short to medium distances. Numerous maritime countries such as Japan, Australia and Indonesia have no direct pipelines connecting them to their natural gas trading partners. To transport natural gas across water it undergoes a process known as cryogenic ... Read More »

French Total to challenge ExxonMobil in LNG development

LNG

PARIS: Total will join existing LNG operator ExxonMobil as a leader of LNG development in PNG, which started exporting gas last year from Exxon’s $US19 billion ($24.3 billion) project. Total SA has been appointed to run the Papua New Guinea Elk-Antelope gas venture, setting the French oil major up as a direct rival to US giant ExxonMobil. The move, which ... Read More »

French Total to challenge ExxonMobil in LNG development

LNG

PARIS: Total will join existing LNG operator ExxonMobil as a leader of LNG development in PNG, which started exporting gas last year from Exxon’s $US19 billion ($24.3 billion) project. Total SA has been appointed to run the Papua New Guinea Elk-Antelope gas venture, setting the French oil major up as a direct rival to US giant ExxonMobil. The move, which ... Read More »

Decline of oil prices: Indonesian LNG projects face delays to 2020

LNG

JAKARTA: Three major liquefied natural gas (LNG) export projects in Indonesia face delays due to lower oil prices and regulatory hurdles, which will push first shipments back to 2020 or later, a government official said here the other day. Production at the Abadi LNG development, operated by Japan’s Inpex with Royal Dutch Shell as minority partner, will begin in 2022, ... Read More »

Decline of oil prices: Indonesian LNG projects face delays to 2020

LNG

JAKARTA: Three major liquefied natural gas (LNG) export projects in Indonesia face delays due to lower oil prices and regulatory hurdles, which will push first shipments back to 2020 or later, a government official said here the other day. Production at the Abadi LNG development, operated by Japan’s Inpex with Royal Dutch Shell as minority partner, will begin in 2022, ... Read More »

Nigeria national petroleum corporation to import over 1 billion litres of petrol in March

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ABUJA: The Management of the Nigerian National Petroleum Corporation (NNPC) began fresh measures to halt what it described as artificially induced petrol scarcity noticeable in some parts of the country. To this end, the corporation said it planned to import more than one billion litres of petrol in March to address short fall in supply The News Agency of Nigeria ... Read More »

China used just over half its LNG regasification capacity in 2014

LNG

BEIJING: China used just over half its LNG regasification capacity in 2014, as tariff hikes and cheaper competing fuels hit gas demand growth, according to an Interfax analysis of customs data. Ten of China’s 12 operational LNG terminals were online for the full year and they used an average of 55% of their capacity, based on total imports of 19.5 ... Read More »

UK prompt gas prices ease on oversupply, LNG import

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LONDON: British prompt gas prices eased on Tuesday on an oversupplied system and expectations of supply from liquefied natural gas (LNG) tankers due to arrive in the next few weeks. Prices for within-day delivery were trading at 50.85 pence per therm at 0902 GMT, down 0.55 pence since their last settlement. Prices for delivery on Wednesday were 0.45 pence lower ... Read More »

UK prompt gas prices ease on oversupply, LNG import

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LONDON: British prompt gas prices eased on Tuesday on an oversupplied system and expectations of supply from liquefied natural gas (LNG) tankers due to arrive in the next few weeks. Prices for within-day delivery were trading at 50.85 pence per therm at 0902 GMT, down 0.55 pence since their last settlement. Prices for delivery on Wednesday were 0.45 pence lower ... Read More »

CNG sector to directly import LNG from March 31

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ISLAMABAD: The Compressed Natural Gas (CNG) sector will directly import the Liquefied Natural Gas (LNG) after which no CNG station would face closure. An official of Ministry of Petroleum and Natural Resources told Customs Today that the the import of LNG will start from March 31 in the country. “After arrival of LNG the annual demand of petrol in Punjab ... Read More »

Customs ready to curb LPG smuggling through Taftan, Mand

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MULTAN: Model Customs Collectorate Multan is ready to take stern action against the rampant smuggling of liquid petroleum gas LPG from Taftan and Mand borders. The LPG Association of Pakistan has appealed from the Chairman Federal of Revenue that relevant authorities should take action against the smuggling of Liquid Petroleum Gas. The consumption of LPG in Pakistan hangs around 2300 ... Read More »

Exxon Mobil Corporation plans to invest $25b to take hold on British Columbia’s LNG industry

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NEW YORK: Exxon Mobil Corporation is making a bid to get into British Columbia’s liquefied natural gas (LNG) industry with a potential $25 billion dollar investment. The company, in partnership with Canadian affiliate Imperial Oil, has filed an application to export Liquefied Natural Gas (LNG) with the National Energy Board. It also submitted its plans for the West Coast Canada LNG terminal to ... Read More »

Britain’s BG Group prepares to deliver first Australian LNG cargo worth $20.4b to China

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SYDNEY: Britain’s BG Group is preparing to deliver a first commercial liquefied natural gas (LNG) cargo to China from its new $20.4 billion Queensland Curtis LNG project in Australia. The British energy firm is looking to its Queensland Curtis project to help to turn around its fortunes as it has been hit by LNG production troubles in Egypt and a ... Read More »

1000MW electricity production thru LNG system in mid 2015: Asif

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SIALKOT: Federal Minister for Water and Power  Khawaja Muhammad Asif has said that the government has focused on developing the LNG system for power generation purposes in the country, saying that the LNG system would be helpful in producing the cheaper electricity. He said that the government would soon lay down a LNG pipeline between Karachi-Sindh and Punjab. He said ... Read More »

1000MW electricity production thru LNG system in mid 2015: Asif

lng

SIALKOT: Federal Minister for Water and Power  Khawaja Muhammad Asif has said that the government has focused on developing the LNG system for power generation purposes in the country, saying that the LNG system would be helpful in producing the cheaper electricity. He said that the government would soon lay down a LNG pipeline between Karachi-Sindh and Punjab. He said ... Read More »