Feb 2007 (6)
Countries in Western Europe, as well as nations such as India, Mexico, China and Chile have built, or are planning to build, LNG import terminals, while countries such as Japan and Korea historically have relied on import terminals for their natural gas needs.
Given the current increase in natural gas consumption, an expansion of a completed LNG import terminal is almost inevitable.
News Index February 2007
Written byConstruction of an LNG plant on the northwest side of Equatorial Guinea’s Bioko Island began in July 2004. The facility is on a record-breaking schedule from project inception to first delivery of LNG.
The project team has been faced with many challenges typical of those experienced when tackling grassroots facilities in remote locations.
In the second of a three-part series on LNG finance and risk from global law firm White & Case, partner Jason Kerr looks at new streams
Africa cuts an imposing figure on the world energy horizon. Already a significant provider of both oil and gas to the rest of the world, Africa’s huge reserves of natural resources are only going to increase in importance and they will be a key factor in the growth of the world economy over the next two decades.
Natural gas interchangeability is a common issue for distribution networks to address in major markets where supplies are coming from many different sources of varying qualities.
In continental Europe, for example, there have been about 20 different qualities of pipeline gas and about 15 different imported LNG gas compositions (Figure 1) supplying the market.
John
McKay
Africa is emerging as a key source of liquefied natural gas for the United States as Nigeria continues to monetize its significant natural gas reserves, and a
small former Spanish colony prepares to become the world’s 14th LNG exporter
with contracts to deliver into Louisiana.
In mid-July the West African state of Equatorial Guinea will become the newest LNG exporting country after a project led by
Marathon Oil Corp. of the US comes
on stream.
