LEAD STORY
Friday, 30 May 2008 11:27
Europe’s late starters build up more assets along LNG chain
Written by
LNG Journal, Europe Editor
European utility-based companies are taking an increasingly active role in the LNG business, with players from countries such as Germany, Spain and the Netherlands attempting to take stakes in liquefaction, shipping and import terminals.
Companies are emerging such as Germany’s RWE Gas Midstream to build a similar profile to the relatively experienced Spanish LNG asset holder, Spain’s Union Fenosa Gas.
European utility-based companies are taking an increasingly active role in the LNG business, with players from countries such as Germany, Spain and the Netherlands attempting to take stakes in liquefaction, shipping and import terminals.
Companies are emerging such as Germany’s RWE Gas Midstream to build a similar profile to the relatively experienced Spanish LNG asset holder, Spain’s Union Fenosa Gas.
Published in
May 2008
Olga Vedernikova, LNG Shipping Solutions
Some 70 LNG carriers are constantly engaged in spot trading activities from the current fleet of more than 260 ships.
When the current order book of some 130 vessels brings the global fleet closer to 400 ships, the spot trading vessels will number more than 80 and the number of annual trades will be around 600 cargoes, according to some estimates.
Some 70 LNG carriers are constantly engaged in spot trading activities from the current fleet of more than 260 ships.
When the current order book of some 130 vessels brings the global fleet closer to 400 ships, the spot trading vessels will number more than 80 and the number of annual trades will be around 600 cargoes, according to some estimates.
Published in
May 2008
Also in this issue
A round up of the latest company news and developments
Published in
May 2008
Friday, 30 May 2008 11:14
New materials and technology can optimize LNG plant performance
Written by
Riccardo Valorosi, Filippo Cinelli and Dante Sabella, GE Oil & Gas, Florence, Italy
Natural gas has become the preferred fossil fuel in industrialized countries because the technology to use it while complying with the most restrictive environmental regulations is relatively inexpensive.
The growing demand for primary energy, brown field depletion, and the end of “easy” oil completes a picture where the full exploitation of existing fields becomes an important need for meeting energy demands.
Natural gas has become the preferred fossil fuel in industrialized countries because the technology to use it while complying with the most restrictive environmental regulations is relatively inexpensive.
The growing demand for primary energy, brown field depletion, and the end of “easy” oil completes a picture where the full exploitation of existing fields becomes an important need for meeting energy demands.
Published in
May 2008
Friday, 30 May 2008 11:05
Two-phase LNG expanders help to extend life of wells for production
Written by
Return on investment for an LNG plant is less than six months
The installation and operation of two-phase LNG expanders reduce the required feed gas supply in existing liquefaction plants, thus extending the lifetime of a gas well. The depletion of wells is the subject of increasing technical and economic interest.
The installation and operation of two-phase LNG expanders reduce the required feed gas supply in existing liquefaction plants, thus extending the lifetime of a gas well. The depletion of wells is the subject of increasing technical and economic interest.
Published in
May 2008
Robert McLean of BP says sampling needs higher priority in LNG trading
During the past three years we, BP Cargo Assurance, have been monitoring LNG custody transfers at many terminals worldwide. We have seen over this period, an inconsistency with respect to sampling procedures and cargo calculations.
As there is no single unifying standard which directly and clearly addresses and defines custody transfer calculations, the LNG industry is forced to rely on individual Sale and Purchase Agreements.
During the past three years we, BP Cargo Assurance, have been monitoring LNG custody transfers at many terminals worldwide. We have seen over this period, an inconsistency with respect to sampling procedures and cargo calculations.
As there is no single unifying standard which directly and clearly addresses and defines custody transfer calculations, the LNG industry is forced to rely on individual Sale and Purchase Agreements.
Published in
May 2008
