Jan 06 (9)
Thursday, 30 November 2006
News Index January 2006
Written by
A round-up of latest events, company statements, industry reports and people in the news
Published in
Jan 06
Thursday, 30 November 2006
By Philip R. Weems
This article is the first in a three-part series on the evolution of LNG sales contracts. In this issue the author highlights the emergence of take-or-pay and price review clauses
During the more than 40-year history of the LNG industry, customs and practices have developed with regard to documenting long-term LNG sales (“SPAs”).
This article is the first in a three-part series on the evolution of LNG sales contracts. In this issue the author highlights the emergence of take-or-pay and price review clauses
During the more than 40-year history of the LNG industry, customs and practices have developed with regard to documenting long-term LNG sales (“SPAs”).
Published in
Jan 06
Thursday, 30 November 2006
Susanna Hannula, Oskar Levander, and Tuomas Sipilä, Wärtsilä Corp. Finland
Marine Technology, Ship Power, Wärtsilä Corporation
The shipping business is facing new challenges as environmental concerns focus on carrier and tanker emissions.
Since onshore industries have been able to cut certain emissions, the share of pollutants contributed by ships and aircraft has grown proportionally to become a significant part of the total.
The shipping industry, therefore, needs to look at new ways of reducing the environmental impact from ships.
Marine Technology, Ship Power, Wärtsilä Corporation
The shipping business is facing new challenges as environmental concerns focus on carrier and tanker emissions.
Since onshore industries have been able to cut certain emissions, the share of pollutants contributed by ships and aircraft has grown proportionally to become a significant part of the total.
The shipping industry, therefore, needs to look at new ways of reducing the environmental impact from ships.
Thursday, 30 November 2006
European stock picks highlight LNG
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By John McKay
Investment bankers in Europe have tipped Russia’s Gazprom, Norway’s Statoil, France’s Total, and BP and BG Group of the UK as the best medium-term buys for stock market investors in the energy sector, citing their liquefied natural gas activities as a positive sign.
Shares in Gazprom, which is the premium pick of most brokers, have surged to records in the New Year as the Russian natural gas monopoly and future LNG heavy-hitter has forecast a 10 percent rise in annual profits to more than $6 billion.
Investment bankers in Europe have tipped Russia’s Gazprom, Norway’s Statoil, France’s Total, and BP and BG Group of the UK as the best medium-term buys for stock market investors in the energy sector, citing their liquefied natural gas activities as a positive sign.
Shares in Gazprom, which is the premium pick of most brokers, have surged to records in the New Year as the Russian natural gas monopoly and future LNG heavy-hitter has forecast a 10 percent rise in annual profits to more than $6 billion.
Published in
Jan 06
Thursday, 30 November 2006
Quoddy Bay LNG’s father-and-son team Don and Brian Smith explain the latest progress in their LNG venture with the Passamaquoddy tribe
When members of the Passamaquoddy Native American tribe on Pleasant Point in the US state of Maine, together with area businessmen, contacted Smith Cogeneration of Oklahoma in the spring of 2004, Chief Executive Don Smith said he knew right away the region would be an excellent location for an LNG terminal.
When members of the Passamaquoddy Native American tribe on Pleasant Point in the US state of Maine, together with area businessmen, contacted Smith Cogeneration of Oklahoma in the spring of 2004, Chief Executive Don Smith said he knew right away the region would be an excellent location for an LNG terminal.
Published in
Jan 06
Thursday, 30 November 2006
By Gordon Jackson
Offshore LNG terminals have been under consideration since the early 1990s, first for export and more recently for import.
Tangible progress is now being made with Excelerate Energy’s US Gulf Gateway project working well and its planned Northeast Gateway off the coast of Massachusetts moving forward in the permitting process.
Offshore LNG terminals have been under consideration since the early 1990s, first for export and more recently for import.
Tangible progress is now being made with Excelerate Energy’s US Gulf Gateway project working well and its planned Northeast Gateway off the coast of Massachusetts moving forward in the permitting process.
Published in
Jan 06
Thursday, 30 November 2006
LNG land bridge proposed for stranded gas
Written by
Ernst Knolle is Chief Executive Officer of Knolle Magnetrans, based in San Francisco, California.
In the face of increased need for more energy and fuel efficiency, it is disturbing to see extreme waste in many oil fields around the world where “stranded” wellhead natural gas is flared or re-injected.
This kind occurs in north Alaska at a rate of more than twice that of China’s total natural gas consumption, according to official US statistics.
In the face of increased need for more energy and fuel efficiency, it is disturbing to see extreme waste in many oil fields around the world where “stranded” wellhead natural gas is flared or re-injected.
This kind occurs in north Alaska at a rate of more than twice that of China’s total natural gas consumption, according to official US statistics.
Published in
Jan 06
Thursday, 30 November 2006
By Patti Schom-Moffatt, Director of Consultation and Communications, Kitimat LNG Ltd.
An LNG terminal project proposed for northern British Columbia has taken a major step forward to become North America’s first West Coast facility with an Agreement in Principle between the project company and the region’s Haisla First Nation tribe.
Kitimat LNG Inc., a Canadian energy infrastructure company, is proposing to build, own and operate an LNG receiving terminal located north of Vancouver.
An LNG terminal project proposed for northern British Columbia has taken a major step forward to become North America’s first West Coast facility with an Agreement in Principle between the project company and the region’s Haisla First Nation tribe.
Kitimat LNG Inc., a Canadian energy infrastructure company, is proposing to build, own and operate an LNG receiving terminal located north of Vancouver.
Published in
Jan 06
Thursday, 30 November 2006
Native Americans take LNG gamble
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Two key projects on the US east coast and Canada’s Pacific coast tap into tribal power
The Passamaquoddy tribe of Maine will earn millions of dollars a year under a lease
Canada’s Haislas say their deal is a model for the upholding of Aboriginal rights
By John McKay
The Passamaquoddy tribe of Maine will earn millions of dollars a year under a lease
Canada’s Haislas say their deal is a model for the upholding of Aboriginal rights
By John McKay
Published in
Jan 06
