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Tuesday, 20 November 2012
Japanese LNG imports have risen 14 percent so far this year and are on track to total around 88 million tonnes in 2012, as slumping demand in Europe has caused "vast inflows" of LNG into Asia, according to the Institute of Energy Economics in Japan.
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Tuesday, 20 November 2012
Kansai Electric Power is the first Japanese LNG buyer to secure long-term cargo supplies from a major at natural gas-indexed prices rather than oil by signing a 15-year deal with the Singapore trading office of BP of the UK to receive 500,000 tonnes per annum from fiscal 2017.
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Tuesday, 20 November 2012
Free ReadStatoil has yet again had an unscheduled shutdown of its Hammerfest LNG plant in Northern Norway, the sole European baseload production facility, because of technical problems.Statoil said output at the single-Train with nameplate capacity of 4.3 million tonnes per annum was stopped because of a power failure.The Hammerfest plant, located…
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Monday, 19 November 2012
Total, the holder of a stake in Nigeria LNG, has agreed to sell its 20 percent holding in the OML 138 block offshore Nigeria to China Petrochemical Corp, known as Sinopec, for $2.5 billion in cash.
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Monday, 19 November 2012
Australian energy company Santos has made a significant natural gas discovery in the prolific Browse Basin offshore northwest Australia in the vicinity of several liquefaction ventures under development.
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Monday, 19 November 2012
Australia Pacific LNG, the coal-seam-gas-to LNG venture involving ConocoPhillips, Sinopec and Origin Energy, said a US$8.5 billion financing facility for the $23Bln project was now being drawn down.
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Sunday, 18 November 2012
Royal Dutch Shell Chief Executive Peter Voser said the major would be the ideal partner for either Anadarko Petroleum or Italian energy company Eni in one of the two Mozambique LNG developments as each project is currently lacking a world-class LNG player.
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Friday, 16 November 2012
InterOil Corp. said the Papua New Guinea government has approved the delayed Gulf LNG project after development contract disagreements were resolved and an accord signed on finding a new major partner..
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Friday, 16 November 2012
South Korea is expected to boost LNG cargo purchases over the next three months because of the shutdown of two nuclear reactors and a warning from the government that winter power blackouts are possible.
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Friday, 16 November 2012
Argentina has yet to sign a formal sales agreement with Qatargas for the delivery of 5 million tonnes of LNG per annum for 20 years after a preliminary deal was signed almost two years ago.
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