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Thursday, 23 July 2015
Sluggish demand has made prices for spot LNG delivery to northeast Asia drop 2.7% to an average of $7.395/MMBtu for August, according to Platts Japan/Korea Marker (JKM). End-user demand for gas is "extremely slow", despite the fact that August is traditionally the peak month of the summer buying season due…
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Wednesday, 22 July 2015
National oil companies in China are desperately trying to renegotiate LNG purchase commitments from Australia after domestic demand continues to slump. Sinopec reportedly seeks new terms for deliveries from APLNG which will come onsteam shortly.
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Wednesday, 22 July 2015
Bermuda-based Golar LNG Ltd. has received an underwritten financing commitment for its first GoFLNG project from CSSC Shipping Co. of Hong Kong. The funding will allow Golar to move forward with the conversion, sale and leaseback transaction for its GoFLNG Hilli vessel.
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Wednesday, 22 July 2015
Gas Sayago, Uruguay's state-owned gas utility, announced that works for a $1.1 billion LNG regasification terminal are to restart after five month of delays. New subcontractors were hired to replace Brazil's Constructora OAS, which pulled out of a contract in February.
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Tuesday, 21 July 2015
Christy Clarke, Premier of British Columbia, is facing fierce opposition from the New Democratic Party (NDP), the Green Party and even some Liberals against her unprecedented give-away to the LNG industry. Clarke had promised locked-in, rock-bottom tax and royalty rates, guaranteed for 25 years.
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Tuesday, 21 July 2015
The US Department of Energy (DoE) has granted Bear Head LNG the authorization to export up to 440 billion cubic feet (Bcf) per year of US natural gas to Canada, and up to 8 million tons per annum (mtpa) of LNG from Canada to free trade agreement (FTA) countries. The…
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Tuesday, 21 July 2015
Australian-owned Magnolia LNG project has been given the Draft Environmental Impact Statement (DEIS) by the US Federal Energy Regulatory Commission (FERC). This marks a critical milestone for the liquefaction project in Lake Charles, Louisiana, as well as for the Kinder Morgan Louisiana Pipeline.
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Monday, 20 July 2015
French energy company Total is keen on re-engaging in hydrocarbon production, gas liquefaction and export projects in Iran. "When we had to leave Iran in 2006 we were actively working at an LNG project at South Pars. So, first of all, we are closely looking at LNG projects," CEO Patrick…
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Monday, 20 July 2015
The Abbott government in Australia has been promised royalties of $40 billion over 30 years from Chevron, the owner and operator of Gorgon LNG. It hope that other LNG projects coming onstream will help lift this number to exceed $65 billion a year, boosting GDP and help create around 3,500…
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Monday, 20 July 2015
"To protect its commercial interests," India's state-owned gas transportation utility GAIL has sold 1 mtpa from its US LNG offtake volumes from the Dominion Cove Point project, on top of the 1 mtpa it sold to Royal Dutch Shell. Low domestic gas demand in India is limiting the need for…
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