In this issue

 

Steward, a sleepy former gold and silver mining town on Canada’s northern Pacific Coast, might be revived by a liquefaction project after regulators granted an export licence to a firm,…
Houston-based Sanchez Energy said it has made further progress with the Catarina shale-gas wells underpinning plans for a liquefaction plant in South Texas. Sanchez and its partner Targa said they…
A ‘facility development permit’ has been granted to Royal Dutch Shell for development of up to 13 mtpa LNG Canada project, to be near Kitimat on British Columbia’s Pacific coastline.…
Canada's National Energy Board (NEB) has awarded its first 40-year LNG export license to the Shell-led LNG Canada Development Inc. Project developers, including PetroChina, were seeking a 6.1% annual tolerance…
Expanding US LNG exports beyond 12 billion cubic feet per day (Bcf/d) would benefit the US economy while maintaining cheap gas prices at home that give the domestic industry a…
With the liquefaction process at Cheniere Energy’s Sabine Pass terminal now in full swing, it looks like the first cargo will leave the Louisiana facility as planned in the third…
Neal Shear, interim chief executive at Cheniere Energy, has been given the green light to continue in his post until June 15, 2016. He succeeded the famed Charif Souki, who…
US gas prices are likely to stay low for longer, as the Energy Information Administration (EIA) expects gas production to rise by 1.5 Bcf/d in 2016 despite declining rig counts…
Tuesday, 16 February 2016
Natural gas production across all major US shale regions are seen declining. Substantial drop in rig counts since mid-2014 can no longer be compensated by productivity gains, hence EIA analysts…
The U.S. has been using the anti-Russian sentiment in the Baltic countries to foster LNG deals with Lithuania. Next in line might be Turkey, as the country is at the…
EU leaders reckon that Nord Stream-2 contradicts efforts to reduce Europe's energy dependency and undermines Poland and Ukraine’s role as gas transit countries. The pipeline extension is meant to transport…
Shale gas from the US has been brand marked as ‘a new rival’ by the Gas Exporting Countries Forum (GECF) as it undermines the alliance’s strategy on pricing and production…
Shale gas from the US has been brand marked as ‘a new rival’ by the Gas Exporting Countries Forum (GECF) as it undermines the alliance’s strategy on pricing and production…
Pieridae Energy, the developer of the Goldboro LNG project in the Canadian province of Nova Scotia, has forged a shareholder relationship with Orlan of Poland, strengthening its European ties beyond…

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.