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Friday, 25 November 2011
The Gulf LNG developers in Papua New Guinea, InterOil Corp. and Pacific LNG, said they signed a preliminary deal with Gunvor Singapore for the supply of 1 million tonnes per annum of LNG.
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Friday, 25 November 2011
Flex LNG, the Norwegian developer of a hull-based Floating LNG liquefaction system, said it was investigating alternative commercial arrangements for three of its "LNG Producers" on order with Samsung Heavy Industries in a bid to attract more project developers.
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Friday, 25 November 2011
Woodside Petroleum said a commissioning cargo has been loaded and was on its way to the new Pluto LNG plant in Western Australia ahead of the start of commercial operations in the first quarter of 2012.
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Friday, 25 November 2011
Itochu Corp. has demonstrated Japan's determination to secure future LNG supplies by paying $1 billion for a 25 percent stake in a US natural gas explorer with 10,000 wells - from which Itochu is guaranteed 1 million tonnes per annum of North American LNG.
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Friday, 25 November 2011
The Russian LNG project planned for near the Pacific port of Vladivostok , in which four Japanese partners will have stakes, is now at the centre of Japan's lobbying efforts as it would add 10 million tonnes per annum to the nation's requirements..
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Thursday, 24 November 2011
Hokkaido Electric Power Co. will become Japan's newest LNG buyer under expansion plans that will see more Japanese utilities using gas-fired power to replace other forms of electricity-generating capacity such as nuclear and coal.
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Thursday, 24 November 2011
Canada's prospects of becoming a key new LNG exporter have been boosted by a new report from regulators forecasting a shale and tight gas boom driving production above record levels, thus providing long-term feed-gas for LNG.
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Wednesday, 23 November 2011
Awilco LNG, the Norwegian-listed carrier company with three vessels in operation and two more on order, posted a jump in revenues because of "high activity" in the LNG spot market. Awilco reported freight income of $12.3 million in the third quarter compared with $1.6 in the second quarter just after…
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Tuesday, 22 November 2011
More spot and short-term LNG cargoes than ever before have been diverted to Japan and Korea in recent months - at prices the Japanese and Koreans are finding too high in the current economic and monetary squeeze. That's why the two East Asian LNG giants will hold talks in Tokyo…
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Tuesday, 22 November 2011
Free ReadChevron Corp. said one of its most senior executives, John D. Gass, was retiring after 37 years during which he helped to turn the US major in one of the world's leading LNG suppliers. Chevron named Joseph C. Geagea as President of its Gas and Midstream division to replace Gass.…
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