May 2006 (9)
Tuesday, 07 November 2006
Australia’s Woodside wins China race
Written by
By Our Asia-Pacific Editor
The delivery of China’s first cargo of liquefied natural gas later this month will start a new era in power generation for the world’s most populous nation and will be another big step for Woodside Energy, operator and part owner of the LNG supplier, the North West Shelf Venture in Western Australia.
Although still a mid-sized exploration and production company by global standards, Woodside is establishing a growing presence in the world energy industry.
In 52 years Woodside has grown from a tiny Australian company which evolved out of the 1950s hunt for oil among the oil seeps in south-eastern Australia to being selected as the first supplier of LNG to China.
The delivery of China’s first cargo of liquefied natural gas later this month will start a new era in power generation for the world’s most populous nation and will be another big step for Woodside Energy, operator and part owner of the LNG supplier, the North West Shelf Venture in Western Australia.
Although still a mid-sized exploration and production company by global standards, Woodside is establishing a growing presence in the world energy industry.
In 52 years Woodside has grown from a tiny Australian company which evolved out of the 1950s hunt for oil among the oil seeps in south-eastern Australia to being selected as the first supplier of LNG to China.
Published in
May 2006
Tuesday, 07 November 2006
A regulatory balancing act with reverberations throughout the Gulf Coast and beyond
Jacob Dweck, Principal, LNG Solutions Group, Bill Gwozd, Vice President, Ziff Energy,
David Wochner, Attorney, Sutherland Asbill & Brennan LLP
“The purpose of this proceeding is to determine appropriate natural gas quality and interchangeability standards to accommodate the introductions of re-gasified liquefied natural gas (LNG) into the Florida Gas Transmission (FGT) pipeline system,” wrote Judge Herbert Grossman of the Federal Energy Regulatory Commission (FERC) in his 65-page Initial Decision published 11 April in the AES Ocean Express v. Florida Gas Transmission case.
The Commission’s charge, stressed the Judge, is a delicate balancing act: “facilitate increased access to LNG supplies and simultaneously ensure that the introduction of gasified LNG into the FGT system will not have detrimental effects” on electric turbines, gas distribution systems, end-user appliances and other customers.
Jacob Dweck, Principal, LNG Solutions Group, Bill Gwozd, Vice President, Ziff Energy,
David Wochner, Attorney, Sutherland Asbill & Brennan LLP
“The purpose of this proceeding is to determine appropriate natural gas quality and interchangeability standards to accommodate the introductions of re-gasified liquefied natural gas (LNG) into the Florida Gas Transmission (FGT) pipeline system,” wrote Judge Herbert Grossman of the Federal Energy Regulatory Commission (FERC) in his 65-page Initial Decision published 11 April in the AES Ocean Express v. Florida Gas Transmission case.
The Commission’s charge, stressed the Judge, is a delicate balancing act: “facilitate increased access to LNG supplies and simultaneously ensure that the introduction of gasified LNG into the FGT system will not have detrimental effects” on electric turbines, gas distribution systems, end-user appliances and other customers.
Published in
May 2006
Tuesday, 07 November 2006
By A Correspondent
Vacuum insulation has been known in industry in the form of double-jacketed pipes of varying constructions for many years but had to be refined for use in the LNG sector
When oil first came on stream natural gas was considered to be a more or less irksome by-product.
Today it has become another major pillar of the world's supply of energy and raw material.
On all continents plants and installations for the extraction and processing of natural gas are being built, and the list of medium-term and long-term projects is long.
Vacuum insulation has been known in industry in the form of double-jacketed pipes of varying constructions for many years but had to be refined for use in the LNG sector
When oil first came on stream natural gas was considered to be a more or less irksome by-product.
Today it has become another major pillar of the world's supply of energy and raw material.
On all continents plants and installations for the extraction and processing of natural gas are being built, and the list of medium-term and long-term projects is long.
Published in
May 2006
Tuesday, 07 November 2006
David Hayes in Mumbai
Natural gas demand is expected to grow rapidly in India over the next decade as overall energy use surges to keep pace with accelerating economic growth.
Gas will form an important part of the nation’s primary energy mix as part of efforts to develop clean power generation and provide expanding industries with a clean energy solution.
In spite of recent discoveries, indigenous gas reserves are insufficient to meet total demand and LNG and piped gas imports will fill the supply gap.
India currently is planning to build several new LNG import terminals to expand its LNG import programme that by 2012 is expected to account for about 35 percent of total supplies.
Natural gas demand is expected to grow rapidly in India over the next decade as overall energy use surges to keep pace with accelerating economic growth.
Gas will form an important part of the nation’s primary energy mix as part of efforts to develop clean power generation and provide expanding industries with a clean energy solution.
In spite of recent discoveries, indigenous gas reserves are insufficient to meet total demand and LNG and piped gas imports will fill the supply gap.
India currently is planning to build several new LNG import terminals to expand its LNG import programme that by 2012 is expected to account for about 35 percent of total supplies.
Published in
May 2006
Tuesday, 07 November 2006
With more than 4,000 safe and timely deliveries of more than 200 million tonnes of LNG over the last 25 years, Malaysia’s MISC Berhad has grown from a humble player with a micro fleet of five to become the largest single owner-operator of LNG tankers in the world, with 21 LNG tankers and eight newbuilds expected to be delivered in 2008.
In terms of cubic capacity, MISC has approximately 10 per cent of the market share in the LNG segment.
MISC began its foray into the LNG transportation in 1983 with the delivery for Malaysian national energy group Petronas of its first LNG cargo to Tokyo Gas’s terminal in Sodegaura, Chiba.
From the 1980s up to 2002, MISC’s sole client has been PETRONAS, whose evolution into a major LNG producer and supplier has helped set in motion MISC’s own ventures into energy transportation.
In terms of cubic capacity, MISC has approximately 10 per cent of the market share in the LNG segment.
MISC began its foray into the LNG transportation in 1983 with the delivery for Malaysian national energy group Petronas of its first LNG cargo to Tokyo Gas’s terminal in Sodegaura, Chiba.
From the 1980s up to 2002, MISC’s sole client has been PETRONAS, whose evolution into a major LNG producer and supplier has helped set in motion MISC’s own ventures into energy transportation.
Published in
May 2006
Tuesday, 07 November 2006
LNG ships carry their own set of risks
Written by
This is part two of an article from US credit rating agency Standard & Poor’s on applying credit analysis in the LNG industry, particularly in relation to LNG carriers, and the financial and legal risks involved
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
LNG newbuild carrier prices have varied over time. The variation is due to a number of factors, mostly the price of material, especially steel, as well as exchange rates and yard utilization.
The steep fall in prices in the late 1990s was due to the Asian crisis, during which time South Korean shipyards offered favorable pricing and payment arrangements for newbuilds in order to attract foreign currency.
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
LNG newbuild carrier prices have varied over time. The variation is due to a number of factors, mostly the price of material, especially steel, as well as exchange rates and yard utilization.
The steep fall in prices in the late 1990s was due to the Asian crisis, during which time South Korean shipyards offered favorable pricing and payment arrangements for newbuilds in order to attract foreign currency.
Published in
May 2006
Tuesday, 07 November 2006
Jamaica to get Trinidad's LNG from 2009
Written by
Linda Hutchinson-Jafar, Port of Spain, Trinidad
Jamaica, seeking to reduce dependency on fuel oil for the production of its electricity, plans to begin importing liquefied natural gas from Trinidad and Tobago by 2009.
The two Caribbean countries have signed a Memorandum of Understanding for the supply of 1.1 million tones of LNG per annum over a 20-year period for use by the Jamaican aluminium company ( JAMALCO) and the Jamaica Public Service Company (JPSCo) power plants.
Trinidad and Tobago has committed itself to offering Jamaica a “kind of pricing arrangement that is mutually acceptable,” said Patrick Manning, the prime minister of the oil and gas producing country.
Jamaica, seeking to reduce dependency on fuel oil for the production of its electricity, plans to begin importing liquefied natural gas from Trinidad and Tobago by 2009.
The two Caribbean countries have signed a Memorandum of Understanding for the supply of 1.1 million tones of LNG per annum over a 20-year period for use by the Jamaican aluminium company ( JAMALCO) and the Jamaica Public Service Company (JPSCo) power plants.
Trinidad and Tobago has committed itself to offering Jamaica a “kind of pricing arrangement that is mutually acceptable,” said Patrick Manning, the prime minister of the oil and gas producing country.
Published in
May 2006
Tuesday, 07 November 2006
News Index May
Written by
A round-up of latest events, company statements, industry reports and people in the news
Published in
May 2006
Tuesday, 07 November 2006
Michael L. Moore, an LNG fire protection engineer, explains some of his activities in Texas and elsewhere that have helped in the development of an LNG safety manual. His full test data will be published in the LNG journal in the coming months.
It is September 2004 and a unique opportunity presents itself. I am sitting in another crowded room of engineers and operations managers struggling through yet another hazard and operability (HAZOP) meeting on a proposed offshore LNG terminal.
The participants are discussing the mystifying qualities, properties and characteristics of LNG as part of Chevron Corp.’s LNG Terminals of Excellence Project that included Port Pelican in the Gulf of Mexico.
It is September 2004 and a unique opportunity presents itself. I am sitting in another crowded room of engineers and operations managers struggling through yet another hazard and operability (HAZOP) meeting on a proposed offshore LNG terminal.
The participants are discussing the mystifying qualities, properties and characteristics of LNG as part of Chevron Corp.’s LNG Terminals of Excellence Project that included Port Pelican in the Gulf of Mexico.
Published in
May 2006
