Monday, 20 November 2006 13:06
Golar posts loss; gives mixed LNG overview
Golar LNG, the shipping company with a midstream investment strategy,
reported increased operating income of $23.9 million for the third
quarter because of improved spot vessel earnings, but still posted a
net loss for the three months of $5.9M because of interest rate swaps.
Published in
Latest News
Thursday, 30 November 2006 10:42
Trinidad: supplier of LNG to Britain and America
The island state’s latest addition to the Atlantic LNG complex is best described in terms of the national sport, cricket, writes Linda Hutchinson-Jafar in Port of Spain
Trinidad and Tobago, which is about the size of the US state of Delaware, has been pumping out LNG for the US market since the 1990s, but the first cargo from its new Train 4 was delivered to the UK last month, underlining the tiny nation’s emergence as a market-leading Atlantic Basin supplier.
Trinidad and Tobago, which is about the size of the US state of Delaware, has been pumping out LNG for the US market since the 1990s, but the first cargo from its new Train 4 was delivered to the UK last month, underlining the tiny nation’s emergence as a market-leading Atlantic Basin supplier.
Published in
Feb 06
Wednesday, 08 November 2006 16:46
French float some new ideas for a generation of offshore terminals
Michel Vache DORIS Engineering (France)
DORIS Engineering is pioneering the development of Gravity Base Structures for LNG terminals.
The French company is building on its work on other platforms designed for the exploitation over the past 40 years of offshore oil and gas resources, such as FPSOs (Floating Production Storage Offloading), TLPs (Tension Legs Platform), subsea risers in deep waters, and marine operations.
One possible answer to the growing demand for natural gas is offshore LNG import terminals installed away from the shore, but as close as possible to the consumers, such as LNG-GBSs (Liquefied Natural Gas on Gravity Base Structures), FSRUs (Floating Storage Re-gasification Units), or special storage, re-gasification and offloading systems.
DORIS Engineering is pioneering the development of Gravity Base Structures for LNG terminals.
The French company is building on its work on other platforms designed for the exploitation over the past 40 years of offshore oil and gas resources, such as FPSOs (Floating Production Storage Offloading), TLPs (Tension Legs Platform), subsea risers in deep waters, and marine operations.
One possible answer to the growing demand for natural gas is offshore LNG import terminals installed away from the shore, but as close as possible to the consumers, such as LNG-GBSs (Liquefied Natural Gas on Gravity Base Structures), FSRUs (Floating Storage Re-gasification Units), or special storage, re-gasification and offloading systems.
Published in
April 2006
Wednesday, 08 November 2006 12:20
News Index September
A round-up of latest events, company statements, industry reports and people in the news
Published in
Sep 2006
Tuesday, 07 November 2006 17:19
LNG ships carry their own set of risks
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 10:23
Peru LNG to set nation on modern path
Joint venture partners, including Hunt Oil, Repsol and SK Corp. of South Korea, are making progress in development financing
Pampa Melchorita liquefaction plant on the Pacific coast will deliver into the North American market by way of Mexico in 2009
Peru LNG, whose major shareholders are Hunt Oil of the US and Spanish major Repsol, is on the brink of making more progress in financing and development of what is the second phase of one of the world’s most controversial energy projects.
The LNG joint venture is in talks with multilateral financial institutions, including the World Bank and the US Export-Import Bank, for $800 million in loans and guarantees that would encourage commercial banks also to lend to the $2.7 billion liquefaction project.
Pampa Melchorita liquefaction plant on the Pacific coast will deliver into the North American market by way of Mexico in 2009
Peru LNG, whose major shareholders are Hunt Oil of the US and Spanish major Repsol, is on the brink of making more progress in financing and development of what is the second phase of one of the world’s most controversial energy projects.
The LNG joint venture is in talks with multilateral financial institutions, including the World Bank and the US Export-Import Bank, for $800 million in loans and guarantees that would encourage commercial banks also to lend to the $2.7 billion liquefaction project.
Published in
Jul / Aug 2006
