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U.S. Energy Secretary Ernest Moniz has stressed the Department of Energy will fast-track the export license review for the Alaska LNG project. "We will treat Alaska differently.…
The parliament of Mozambique has passed an amended petroleum law that authorizes the government to create "a special regime" for LNG processing in the offshore Rovuma Basin…
Prices for LNG spot cargoes into Asia have notched up for the second straight week, recovering to just under $11/MMBtu, after buyers bid close to $12/MMBtu in…
Partners in the Papua New Guinea LNG project are in talks with customers Sinopec, Tecpco, Osaka Gas and CPC to shift from selling spot-priced cargoes to exporting…
Though start-up of the $5.2 billion Panama Canal expansion is scheduled for January, it may be difficult to accommodate 30 mtpa of LNG from the US Gulf…
China National Oil Corporation's (CNOOC) will use Qatargas' first delivered LNG cargo to commission its new regasification terminal in Hainan province in the coming days.
New Orleans-based Harvey Gulf International Marine has contracted Wärtsilä to supply a control system for shore-based LNG fuelling facility in Port Fourchon, Louisiana.
Russia's gas export monopoly Gazprom has urged the Kremlin to block changes to the gas export law that would allow Rosneft to export gas from the Pechora…
A flurry of LNG regas terminals has sprung up in China, mostly used for importing spot cargoes, but analysts see a trend towards medium-term contracts as "buyers…
Spiralling costs of over $36 billion Canadian dollars (US$ 33.1bn) to develop the Pacific Northwest LNG project have pushed Malaysia's state-run Petronas to offer stakes in the…
The average Japanese LNG import price including contract and spot supplies is expected to be around $16.00 per million British thermal units for the whole of 2014 and…

issue july/august 2014

 

 

North American and Australian projects set to find ready takers in Asian markets

China's natural gas and LNG demand will almost double through 2019 and private companies in Australia, Canada and the US are helping to propel the LNG business forward rather than state-owned energy groups, the International Energy Agency (IEA) said in its 2014 Medium-Term Gas Market Report released in the Canadian city of Montreal.


BP Statistical Review of World Energy 2014 shows a rebound in global trade in LNG

The BP Statistical Review of World Energy 2014 said LNG's share of the global natural gas trade declined slightly to 31.4 percent as trade grew by just 1.8 percent, well below the historical average of 5.2 percent.


Australian LNG prices stay strong in 2014 ahead of new projects coming on stream

Prices for delivered LNG from Australia into the Northeast Asian market largely increased in the first part of 2014 as Japanese delivered cargoes rose from US$16.4 a gigajoule (US$15.5 per million British thermal units) to US$17.6 a gigajoule (US$16.6 per MMBtu), according to the latest official figures.


A round-up of latest events, company and industry news


US equipment maker Nikkiso Cryo outlines benefits of pumps for FLNG regas and production units

Lower capital costs, shorter on-stream time, lower coastal environment impact and flexibility are some of the reasons that led to the development of the LNG Floating Storage and Regasification Unit, (FSRU) and Floating Production Storage and Offloading (FPSO) vessels.


Westport Innovations outlines advantages of LNG as fuel for high horsepower engines

Westport is active in developing natural gas engine and mobile LNG fuel supply solutions for the high fuel-use sectors of rail, mining, marine and oil & gas and has a successful on-road business.