In this issue

 

Iran’s deputy oil minister Ali Kardor, who also heads the National Iranian Oil Company (NIOC) has signed an energy roadmap with Gazprom chairman Alexey Miller that will see the Russian…
Attending the inauguration of Novatek’s landmark $27-billion Yamal LNG plant on December 8, the Saudi Arabian Energy Minister Khalid Al-Falih confirmed the Middle East oil nation is considering investing in…
Shale gas production in the Appalachia region has been increasing rapidly for the past five years, growing by more than 14 billion cubic feet per day (Bcf/d) since 2012, according…
Economically speaking, the North American shale industry had yet to turn a profit, Gazprom claims which added to the debt burden of shale producers. “Canada’s shale-gas sector continues to develop…
The gas-oil ratio in North Dakota’s Bakken region, one of the most prolific US shale plays comprising the Bakken and Three Forks formations, has been gradually shifting towards natural gas.…
With world energy demand growing at 1.1% per year, the Gas Exporting Countries Forum (GECF) anticipates a 53% rise in global gas consumption between 2017 and 2040. Non-OECD Asia is…
The State of Alaska has approved ExxonMobil’s plan for the engineering and construction to expand the Point Thomson project on the North Slope oil and gas fields to increase future…
Kinder Morgan, the US pipeline and energy company, has taken the final investment decision (FID) with partners to proceed with the $1.7-billion Gulf Coast Express Pipeline Project that will boost…
Consumption of natural gas in China is anticipated to triple to reach 57 billion cubic feet per day (Bcf/d) by 2040 and bullish analyst houses like Sanford C. Bernstein expect…
Rising exports of “abundant US natural gas” is estimated to support up to 452,000 new jobs and give a $73 billion boost to the economy by 2040 – at a…
American government representatives have been reaching out to Japanese officials in the hope to find informal avenues of increasing the volume of US LNG exports to the Asia-Pacific region. The…
Mitsui OSK Lines, the Japanese ship owner with a LNG fleet of 70 vessels, has given the name “Energy Liberty” to a new-build vessel with a rarely used storage tank.…
Electrifying remote Indonesian islands through ships, or barges, that generated electricity using LNG, is at the centre of a research plan supported by the governments of Indonesia and Japan. Tokyo…
Demand for natural gas is forecast to outpace the increase in domestic supply. India's gas market is expected to grow at compounded annual growth rate of 7% by 2020, driven…

News Nudges

Malay shipping line to co-own tankers for LNG Canada

MISC Berhad, the Malaysian shipping line with an LNG fleet of more than 30 vessels, has agreed with Nippon Yusen Kabushiki Kaisha (NYK) and Mitsubishi Corp to co-own two new-build LNG carriers that will mainly serve the LNG Canada project. Both LNG carriers would have a capacity of 174,000 cubic metres and are currently being built by the Hyundai Samho Heavy Industries shipyard in South Korea. The carriers will serve Diamond Gas, an LNG marketing arm of Mitsubishi, under 18-year charter contracts.MISC's main client for charters is Petronas, a shareholder in LNG Canada along with Mitsubishi.The LNG Canada project, led by Royal Dutch Shell, has an estimated cost of C$40 billion (US$31.2 billion), making it the biggest ever energy investment in Canada. The project engineering contractors are Fluor and JGC. The first phase of the project will be built on a 400 hectares site in the industrial area of Kitimat, located about 650 kilometres north of Vancouver. It will comprise two LNG liquefaction Trains, each with 7 mtpa of output and two LNG storage tanks, each of 225,000 cubic metres capacity in addition to other facilities. The plant could be expanded at a later stage.