Monday, 27 November 2006 08:48
Germany’s RWE to sell Excelerate LNG in UK
Excelerate Energy, the US market leader in using specially adapted LNG carriers as import terminals, has chosen RWE, Germany's second-largest power company, to market the LNG Excelerate plans to import into the UK from January.
Published in
Latest News
Wednesday, 08 November 2006 16:43
South Korea’s LNG market opens up to competition
The government realizes that LNG market deregulation and third-party access to LNG terminals and transmission lines is inevitable
The cooperation between Kogas and Vopak sits well within Kogas’s strategy to expand its LNG terminal business overseas
David Hayes, Seoul
South Korean government plans to reorganize the LNG import industry are expected to result in a far-reaching restructuring of the domestic wholesale natural gas market and an increased demand for LNG.
A number of large LNG consumers already have formed two new consortia to import their own LNG in future, while waiting for the government to announce detailed plans to create the new import market.
The cooperation between Kogas and Vopak sits well within Kogas’s strategy to expand its LNG terminal business overseas
David Hayes, Seoul
South Korean government plans to reorganize the LNG import industry are expected to result in a far-reaching restructuring of the domestic wholesale natural gas market and an increased demand for LNG.
A number of large LNG consumers already have formed two new consortia to import their own LNG in future, while waiting for the government to announce detailed plans to create the new import market.
Published in
April 2006
Tuesday, 07 November 2006 17:17
Jamaica to get Trinidad's LNG from 2009
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, 24 October 2006 10:58
LNG carrier owners can consider their options
Clare Calnan
Looking back over the last 20 years it can be seen that in terms of both the types of trading and the volumes of cargoes being transported the LNG market has come a long way in a short time.
By 2009 the size of the LNG carrier fleet is expected to increase to 300 vessels and by 2011 it is likely to reach 450 vessels.
It is inevitable that with this level of expansion comes innovation and flexibility, not only on the part of the oil and gas companies developing new sources of supply, but also on the part of the LNG buyers in both traditional and emerging markets.
Looking back over the last 20 years it can be seen that in terms of both the types of trading and the volumes of cargoes being transported the LNG market has come a long way in a short time.
By 2009 the size of the LNG carrier fleet is expected to increase to 300 vessels and by 2011 it is likely to reach 450 vessels.
It is inevitable that with this level of expansion comes innovation and flexibility, not only on the part of the oil and gas companies developing new sources of supply, but also on the part of the LNG buyers in both traditional and emerging markets.
Published in
Sep 2006
