In this issue

 

The worlds’ seven largest LNG buyers – CNOOC, CPC, JERA, KOGAS, PetroChina, Sinopec and Tokyo Gas – together make up over half of the global market. Wood Mackenzie research reveals…
Japan’s largest LNG importer JERA will also become the nation’s biggest power producer as of April 2019 when it will take control of TECPO and Chubu Electric’s domestic power business.…
Free ReadRegardless of the trade war between the United States and China, state-controlled Sinopec has reaffirmed plans to reserve 75% of the project's LNG production capacity. Sinopec wants to become the…
Royal Dutch Shell will keep investing in global gas projects as demand is anticipated to grow at a rate of 2% per year, twice the rate to worldwide energy demand.…
Golar LNG chairman Tor Olav Troim said he is looking for the next opportunity, encouraged by investors embracing the $1.74 billion integrated LNG-to-power project in Brazil. Golar Power, a venture…
Free ReadDavid Keane, President of Canada’s Woodfibre LNG project, has announced the imminent construction start for the brownfield liquefaction facility, licensed to export over 2 mtpa of LNG for 40 years.…
More shale gas produced in Texas will soon cross the border to Mexico after the U.S. Department of Energy (DOE) approved an application by Mexico Pacific Ltd (MPL) to export…
Tightening in global LNG markets has allowed the second wave of US LNG ventures to gain momentum again. Since early 2018, a second wave of projects set to bring more…
Free ReadAnticipating a speedy energy transition globally, the global classification society DVN GV says upstream players are adapting to this trend by shifting to faster, leaner and cleaner hydrocarbon production techniques.…
Coal-to-gas switch policies in China’s energy sector are expected to boost the country’s LNG demand by a 12 million tons in 2018, exceeding last year’s record growth of 8 mt. Already…
AES Colón – a $1.15 billion LNG import terminal and adjacent combined-cycle power plant – is being fast-tracked in Panama. The project comprises the first LNG regas terminal in Central…
Free ReadThe International Energy Agency (IEA) has called on Saudi Arabia, Russia, Iraq, the UEA, Nigeria and Venezuela to step up efforts to diversify their economies to be able to cope…
Since the Trump administration threatened fresh sanctions against Iran, the oil-rich country has substantially scaled down its production and exports of crude oil and natural gas. In May 2018, the…
Unplanned downtime can cost an LNG facility as much as $4 million per day. With potential costs so high, profitability is largely linked with unplanned downtime. According to GE Power…

News Nudges

US rig count rises

The Baker Hughes Rig Count reported three more rigs deployed in the US in the past week and taking the total to 698. Oil rigs are up three while natural gas rigs are unchanged at 144 along with miscellaneous rigs at two. “The US Rig Count is up 258 rigs from last year's count of 440 with oil rigs up 210 and gas rigs up 48,” said Baker Hughes. The Canadian Rig Count is up 44 rigs from last year's 51 with oil rigs up 25 and natural gas rigs up 19.


Texas LNG for UK

The Panamanian-flagged LNG carrier “Prism Brilliance” is scheduled to deliver a US cargo on April 21 to the UK South Hook import terminal at the port of Milford Haven in Wales. The cargo was lifted by the 180,000 cubic metres capacity ship on March 20 from the Freeport export facility on Quintana Island in Texas, according to shipping data.