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Monday, 21 November 2011
Free ReadWoodside Petroleum Chief Executive Peter Coleman said talks were continuing with the government of East Timor to advance the Sunrise Floating LNG project and publish a development plan in 2012. The feed-gas for the venture will come from the Greater Sunrise fields, located about 450 kilometres northwest of the Australian…
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Sunday, 20 November 2011
Free ReadThe European Commission will attempt to work out a compromise between the three Baltic states of Lithuania, Latvia and Estonia on the construction of a regional LNG import terminal to reduce their dependence on Russian pipeline gas. Lithuania still wants to build an LNG import terminal at its Baltic port…
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Friday, 18 November 2011
Italian classification society RINA has boosted its LNG interests by taking control of the energy consultancy D'Appolonia Group, recently involved in the Papua New Guinea liquefaction project and the Dunkirk LNG import venture in northern France. RINA Chief Executive Ugo Salerno said: "By bringing the D'Appolonia Group's 580 multidisciplinary staff…
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Friday, 18 November 2011
Inpex Corp. of Japan said the Ichthys LNG Project final investment decision would be made by mid-January 2012 or even before then, with cost estimates now put at around $30 billion. The Ichthys liquefaction plant, in which France's Total is the other major shareholder, will be built near Darwin in…
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Friday, 18 November 2011
Wärtsilä Corp. of Finland, the supplier of engines for LNG carriers and other vessels, is in talks to buy UK-based Hamworthy, the maker of ship-based LNG regasification systems, for around $580 million, which would create a world-leading LNG marine equipment company. Wärtsilä and Hamworthy issued statements saying they were in…
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Friday, 18 November 2011
There is still strong worldwide demand for LNG carriers and existing tonnage is being chartered well in advance for new liquefaction projects and as new import facilities are planned worldwide. "Structural need for shipping continues to outstrip supply of tonnage, either forcing prospective charterers to adjust their requirements, or leave…
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Friday, 18 November 2011
Buyers of LNG supplies from Indonesia, such as China National Offshore Oil Corp., could soon feel pressures similar to those felt by Japanese utilities in recent years as Indonesia's domestic demand increases and it seeks to retain supplies for its own planned LNG import network. Indonesia's state energy company Pertamina…
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Thursday, 17 November 2011
Australia Pacific LNG, the coal-seam-gas-to-LNG project being developed in Queensland by ConocoPhillips, said it signed a heads of agreement with Japanese utility Kansai Electric Power Co. or the sale of around 1 million tonnes per annum of LNG for 20 years APLNG intends to produce 9 MTPA of LNG from…
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Thursday, 17 November 2011
China's fifth LNG import terminal, the Dalian facility owned by PetroChina and located in the northeastern province of Liaoning, formally began operations with the unloading of its first cargo. PetroChina said the Dalian facility was operating efficiently during the unloading process that will commission the terminal for future deliveries.
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Thursday, 17 November 2011
EDF Trading said it finalized an agreement to access the Gate LNG import terminal in Rotterdam as it builds up its positions in the Northwest Europe natural gas market. The Gate facility, owned and operated by Dutch companies Gasunie and Vopak, began commercial operations two months ago.
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