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Wednesday, 18 March 2015
Important variables continue to surround the bearish global market for liquefied natural gas and how it will evolve over the next five years as average prices for Japan last month were $13.65 per million British thermal units compared with $14.30 per MMBtu a year before.
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Wednesday, 18 March 2015
Quicksilver Resources Inc., whose Canadian subsidiary is developing the Discovery LNG export project on the Campbell River in British Columbia, has filed for Chapter 11 bankruptcy protection under US law.
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Wednesday, 18 March 2015
Japanese liquefied natural gas imports rose almost 3 percent last month as fewer imports from Asia-Pacific producers were offset by more shipments from the Middle East and on a smaller scale from Russia.
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Tuesday, 17 March 2015
InterOil Corp., the energy business with a main focus on Papua New Guinea and a planned second liquefied natural gas project in the Oceania nation, returned to annual profit from a previous loss as it aims to develop the Elk-Antelope gas fields into the lowest-cost new LNG project in the…
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Tuesday, 17 March 2015
The importance of natural gas in Japan's energy mix has never been higher and therefore stable liquefied natural gas procurement at competitive prices is essential for both importing companies and the government of Japan, according to the latest report from Japanese analysts.
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Tuesday, 17 March 2015
Overseas Shipholding Group, the US-based shipping line with four Q-Flex LNG carriers in its fleet of over 60 ships, and which has rowed back from near bankruptcy, posted a net loss for the fiscal year 2014 of $152.2 million.
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Tuesday, 17 March 2015
Energy consultants Wood Mackenzie said in their latest analysis that spot LNG prices have fallen to around US$7 per million British thermal units in recent months and the firm does not see any sustained price recovery above $10 per MMBtu.
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Tuesday, 17 March 2015
Italian energy company Eni said its Merakes natural gas find, located offshore Indonesia in the East Sepinggan area now amounted to 2 trillion cubic feet and had significant potential as possible feed-gas for the Bontang LNG liquefaction plant.
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Monday, 16 March 2015
UK transmission and energy company National Grid said its Isle of Grain LNG import terminal on the Medway River, southeast of London, is set to offer small-scale ship reloading facilities.
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Monday, 16 March 2015
US regulators plan to conduct a technical review and site inspection of the Elba Island liquefied natural gas import facility near Savannah, Georgia, which is being transformed into an export plant by pipeline company Kinder Morgan and Royal Dutch Shell.
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