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Wednesday, 14 November 2012
Overseas Shipholding Group, owner of some of the world's largest and most modern LNG carriers, has filed for Chapter 11 bankruptcy protection at the US Bankruptcy Court for the District of Delaware.
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Wednesday, 14 November 2012
Smit Lamnalco has ordered new vessels from China to meet commitments under a 10-year marine support and towage contract for berthing LNG carriers at the Papua New Guinea. LNG plant being constructed near the capital, Port Moresby.
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Wednesday, 14 November 2012
The Indonesian Constitutional Court has decided that the existence of upstream oil and gas regulator BP Migas was unconstitional because it degraded state control over natural resources, raising doubts about where LNG and energy project developers stand.
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Wednesday, 14 November 2012
Sino Oil and Gas Holdings is set to begin sales of coal-seam gas piped from the Sanjiao block in the central Chinese province of Shanxi, and will also supply feed-gas to a small-scale LNG liquefaction plant.
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Wednesday, 14 November 2012
As other Australian LNG projects have disclosed cost overruns, MEO Australia said new development cost estimates from major engineering companies make its Tassie Shoal LNG project in the Timor Sea one of the most economic in the world.
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Wednesday, 14 November 2012
IHI Corp., the Japanese builder of full-containment tanks for LNG storage, said it was targeting project contracts around the world for import and regasification terminals.
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Tuesday, 13 November 2012
Free ReadJapan has formally launched a study on the listing of an LNG futures contract on the Tokyo Commodity Exchange to help companies hedge the cost of rising cargo prices. Japan's LNG imports before the earthquake and Fukushima nuclear disaster in March 2011 cost 3.5 trillion yen ($44 billion) per annum, but the…
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Tuesday, 13 November 2012
UK LNG importer and asset holder Centrica, owner of the British Gas utility, has defended the industry against accusations of price-fixing in the UK wholesale market, Europe's largest natural gas trading platform.
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Tuesday, 13 November 2012
The Cooper Basin in Eastern Australia is a world-scale shale and unconventional natural gas area with estimated reserves of 200 trillion cubic feet, enough to feed four large LNG projects for 25 years. The first Australian commercial shale-gas production (pictured) has now begun.
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Tuesday, 13 November 2012
Japan power utilities imported 4.47 million tonnes of LNG last month compared with 3.92MT in the same month a year ago as gas-fired electricity filled part of the energy gap left by the nationwide nuclear shut-downs.
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