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Tuesday, 19 August 2014
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 via long-term contracts before the end of 2014, PNG LNG partner Oil Search said.
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Tuesday, 19 August 2014
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 Coast and Trinidad and Tobago - equivalent to 1 LNG ship per day, each way - to reach Pacific via the shortest route,…
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Tuesday, 19 August 2014
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.
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Tuesday, 19 August 2014
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.
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Monday, 18 August 2014
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 LNG project in northern Russia, claiming the bill "will strengthen the bargaining position of potential foreign buyers of Russian gas."
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Monday, 18 August 2014
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 need to sign new LNG contracts for delivery in the early 2020s, if not sooner."
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Monday, 18 August 2014
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 mega project to four potential partners from Japan and the Middle East. The aim is to raise as much as $15 billion in…
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Friday, 15 August 2014
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 about $15.00 per MMBtu for 2015.
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Friday, 15 August 2014
Ferus Natural Gas Fuels, the Canadian LNG provider, said it had advanced the LNG market into Canada's Yukon Territory by signing an agreement to fuel a nickel and copper mining project.
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Friday, 15 August 2014
The US Department of Energy will implement its new policy requiring LNG export projects to get environmental approvals before it will rule on their applications to export to countries that do not have a free trade agreement (FTA) with the US.
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