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Thursday, 20 October 2011
Santos, the Australian energy company, said its two LNG projects were on schedule to start production in 2014 and 2015 respectively in Papua New Guinea and at Gladstone in eastern Australia. The Australian company also said in its latest activities report that sales revenue in the quarter to end…
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Thursday, 20 October 2011
LNG Ltd., the small fifth player in the Australian coal seam-gas-to-LNG race, said it was still actively pursuing its Fisherman’s Landing LNG project and recently received patent approval for its own OSMR LNG process technology. In a quarterly report, the company also said it had increased its shareholding in…
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Thursday, 20 October 2011
Kinder Morgan said it would retain ownership of the Elba Island LNG import terminal in Georgia and the Gulf LNG terminal in Mississippi when it completes the $37 billion acquisition of El Paso Corp. Kinder Morgan announced its acquisition of El Paso on October 16, creating the largest natural…
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Wednesday, 19 October 2011
Golar LNG said it agreed terms for the time charter of one of its LNG carriers, the “Golar Grand”, to a major energy company for three years plus a further three-year option at a rate equivalent to about $106,000 a day. Golar declined to name the energy company chartering…
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Wednesday, 19 October 2011
Qatar Gas Transport Co., the main LNG carrier owner and operator for Qatargas and Rasgas, posted a 24 percent rise in nine-month net profits on the back of a booming LNG carrier market. The shipping company’s nine-month net profits amounted to 624.8 million Qatari riyals ($172 million) compared with…
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Wednesday, 19 October 2011
Amec, the UK-based engineering company, said its Clough-Amec joint venture was awarded a two-year contract extension by ConocoPhillips to provide operations and maintenance to the Bayu-Undan facilities located in the Timor Sea and serving Darwin LNG. The contract extension has an estimated value of AU$100 million (US$103M), Amec said in a…
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Wednesday, 19 October 2011
Gazprom said it expected to have more LNG cargoes heading for Japan from two liquefaction projects in the Russian Far East now scheduled for start-up by 2017 at the latest. Alexander Medvedev, Director General of Gazprom Export, said a third liquefaction Train at Sakhalin II would come on stream…
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Wednesday, 19 October 2011
The LNG carrier “Dukhan”, which is chartered by Qatargas from Mitsui Osk Lines (MOL) LNG Transport, has become the first LNG vessel to receive one of the shipping industry’s highest awards for environmental efficiency, safety and technical excellence. The Green Award Foundation handed over the first certificate to the…
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Tuesday, 18 October 2011
More than 100 LNG cargoes were expected to be delivered to Japanese ports this month compared with a smaller flow to Europe, as the differential between East Asian and European prices remained over $6 per million British thermal units. Japan’s LNG cargo arrivals were just under 100 in September, and…
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Tuesday, 18 October 2011
Sembcorp Marine said it received a contract from Bechtel of the US, engineering contractor for the Australia Pacific LNG project, for the assembly in Indonesia of process and cryogenic pipe-rack modules. Singapore-based Sembcorp said the work was worth around US$100 million and may potentially increase to be over $150…
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