Daily News

Daily News (16513)

Children categories

Sonatrach, the Algerian energy company and LNG producer, said the new liquefaction Train being constructed at its Arzew plant will enter production in November, more than a year behind schedule.
Many analysts forecast that LNG exports could account for as much as 10 percent of US natural gas production by 2025. An expected range of daily LNG exports is around 6 billion cubic feet. It is not as if the US does not have enough natural gas (See graphic).
AltaGas, the Canadian utility operator and natural gas pipeline and storage owner, has formed a joint venture with Japanese oil refiner Idemitsu Kosan to develop a Canadian LNG project and export cargoes to Asia.
LNG Ltd., the Australian-based project developer, said it signed a site option with Lake Charles port authorities for its planned Magnolia US export project in Louisiana, the first in the US with possible Chinese participation.
Oil Search, the Australian-listed upstream energy company and participant in the Papua New Guinea LNG project,  said the US$19-billion venture led by ExxonMobil was over 70 percent  complete and on track for first shipments next year.
Anadarko Petroleum the US and its partners in the Mozambique project are considering pricing LNG cargoes at the European benchmark price rather than on oil indexation, opening the way for a full roster of long-term contracts for a plant with potential to produce 50 million tonnes per annum.
Royal Dutch Shell and a subsidiary of the largest US natural gas pipeline network owner, Kinder Morgan, plan to form a company to develop an LNG export plant at the existing Elba Island import terminal near Savannah  in the state of Georgia.
Indonesian regulators have issued forecasts saying the country would export just under 300 cargoes of LNG in 2013, a fall of over 6.5 percent compared with last year because of declining production at its Bontang LNG complex comprising six liquefaction Trains.
Hertel Holding BV and the shareholders and management of Temati of the Netherlands, a provider of sealants and insulation for LNG facilities and vessels, have reached an agreement on the sale of the shares of Temati to its management.
Israel has begun importing LNG from a temporary buoy-based facility set up by Excelerate Energy of the US about 10 kilometres offshore from the town of Hadera.