June 2006 (7)
Tuesday, 07 November 2006
US breaks logjam in LNG capacity build-up
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The US federal authorities approve new ventures and expansions in Louisiana, Texas and the East Coast
Flexible policy on natural gas quality is adopted as FERC also calls for increase in storage facilities to help LNG
John McKay
US energy regulators have pushed forward five key liquefied natural gas projects and have sought to address concerns about storage capacity and the specification of regasified LNG in the pipeline system to clear the way for increased LNG imports.
In its most positive move so far to back the LNG industry, the FERC this month approved plans to build or expand five receiving terminals in the states of Louisiana, Texas, New Jersey and Maryland to boost regasification and transportation capacity.
Flexible policy on natural gas quality is adopted as FERC also calls for increase in storage facilities to help LNG
John McKay
US energy regulators have pushed forward five key liquefied natural gas projects and have sought to address concerns about storage capacity and the specification of regasified LNG in the pipeline system to clear the way for increased LNG imports.
In its most positive move so far to back the LNG industry, the FERC this month approved plans to build or expand five receiving terminals in the states of Louisiana, Texas, New Jersey and Maryland to boost regasification and transportation capacity.
Published in
June 2006
Tuesday, 07 November 2006
Jean Pierre Queau and Leen Poldervaart, Single Buoy Moorings Inc., Monaco
The Soft Quay Mooring LNG system combines known technology and operating experience to enable the offshore industry to affect the offshore transfer of LNG.
Single Buoy Moorings Inc. is experienced in the development, design, supply and operation of Single Point Mooring (SPM) terminals for large tankers and transferring crude oil without building port facilities, and also of Floating Production, Storage and Offloading (FPSO) units.
For the development of concepts for the LNG offshore business, with the standard manifold and mooring equipment on the LNG carrier, side-by-side (SBS) loading is the obvious choice.
The Soft Quay Mooring LNG system combines known technology and operating experience to enable the offshore industry to affect the offshore transfer of LNG.
Single Buoy Moorings Inc. is experienced in the development, design, supply and operation of Single Point Mooring (SPM) terminals for large tankers and transferring crude oil without building port facilities, and also of Floating Production, Storage and Offloading (FPSO) units.
For the development of concepts for the LNG offshore business, with the standard manifold and mooring equipment on the LNG carrier, side-by-side (SBS) loading is the obvious choice.
Published in
June 2006
Tuesday, 07 November 2006
Shtokman LNG project may cost $40Bln
Written by
Gazprom’s biggest ever project is on the global scale as an investment, but also on the global scale in terms of risk
The Russian company will be disappointed with what Chevron, Total, ConocoPhillps, Statoil and Hydro have put on the table
John McKay, London
Russian natural gas monopoly Gazprom, whose announcement of partners for the Shtokman LNG project has repeatedly been delayed, is continuing to create doubts in the minds of investors about its determination to push the project forward and about the likely final costs.
The cost of the venture was initially put at $10 billion. Gazprom’s latest estimate is around $14Bln, but that is just for Phase I. Analysts now say that the whole project could cost between $35Bln and $40Bln, while the planned start-up of 2010 has already slipped to 2012.
The Russian company will be disappointed with what Chevron, Total, ConocoPhillps, Statoil and Hydro have put on the table
John McKay, London
Russian natural gas monopoly Gazprom, whose announcement of partners for the Shtokman LNG project has repeatedly been delayed, is continuing to create doubts in the minds of investors about its determination to push the project forward and about the likely final costs.
The cost of the venture was initially put at $10 billion. Gazprom’s latest estimate is around $14Bln, but that is just for Phase I. Analysts now say that the whole project could cost between $35Bln and $40Bln, while the planned start-up of 2010 has already slipped to 2012.
Published in
June 2006
Tuesday, 07 November 2006
The number of prospective projects is going to stop growing and the commercial window of opportunity for 2010-2012 will begin to close
Competition brings together large firms with equity LNG supply, large firms without equity stakes in liquefaction and independent developers
The number of prospective LNG terminal projects in North America has exceeded by a great margin the actual needs of the market.
It has become more than clear that of the sixty-odd approved, proposed and potential terminal projects tracked by the FERC, only some will see their way through to construction and eventual commissioning.
Competition brings together large firms with equity LNG supply, large firms without equity stakes in liquefaction and independent developers
The number of prospective LNG terminal projects in North America has exceeded by a great margin the actual needs of the market.
It has become more than clear that of the sixty-odd approved, proposed and potential terminal projects tracked by the FERC, only some will see their way through to construction and eventual commissioning.
Published in
June 2006
Tuesday, 07 November 2006
News Index June
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A round-up of latest events, company statements, industry reports and people in the news
Published in
June 2006
Tuesday, 07 November 2006
A purpose-mined and lined rock cavern has been designed, constructed and operated at Daejon, about 200km south of the capital Seoul
The rockmass was mainly of fissured granite, which was initially water saturated and the water table level was 10m above the ceiling
Emmanuel Chanfreau, Eric Amantini and Dae-Hyuck Lee
Environmental concerns, more stringent safety rules and security constraints regarding sabotage or acts of terrorism have rendered underground storage increasingly attractive to store large volumes of hydrocarbon.
However, up to now, no satisfactory concept for underground LNG storage in hard rock has been presented.
Published in
June 2006
Tuesday, 07 November 2006
LNG QUALITY CONTROL
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Processes help turn mean LNG into lean gas
LNG receiving terminals in some areas require less C2 and C3 and most LNG produced cannot meet gas specifications required in the US
This complicates operations and marketing of liquefaction facilities because Asian-Pacific markets favor higher heating value LNG
CC Yang, Zupeng Huang and Mike Barclay
LNG receiving terminals in some areas require less C2 and C3 and most LNG produced cannot meet gas specifications required in the US
This complicates operations and marketing of liquefaction facilities because Asian-Pacific markets favor higher heating value LNG
CC Yang, Zupeng Huang and Mike Barclay
Published in
June 2006
