LNG contracts enter the sophistication stage
This article is the last of a three-part series examining the evolution of long-term LNG sales contracts. The first and second parts of the series addressed trends and issues from the 1960s through to the 1990s. In this issue the author focuses on trends since 2000, including the emergence of more sophisticated force majeure and termination clauses, and the abolition of destination restrictions in the European market.
Sakhalin II reaches the crossroads
The Environmental Impact Assessment of the consortium’s holding company, Sakhalin Energy, will also be discussed between now and mid-April at six public meetings in Britain, Japan, Moscow and on Sakhalin Island itself as part of the EBRD’s 20-day consultation period.
Pricing up LNG opportunities in US Gulf Coast
Conventional wisdom states that LNG import terminals are best sited in or near consuming markets where they can provide supply as well as new capacity for growing demand.
This is exactly what is happening in North America, with terminal developers eyeing waterfront locations near every major US market center on the east and west coasts.
MAN B&W Diesel develops dual-fuel prime mover
With worldwide increasing power demand, new power generation concepts are emerging in the energy sector.
This change happens not only in power plant applications for land-based power generation, but now also in ship propulsion systems.
LNG vaporization needs low-cost and environmentally-friendly solutions
New and expanding LNG terminals face several engineering design challenges, one of which is environmental impact due to emissions concerns.
An LNG receiving terminal’s main source of emissions generally comes from its LNG vaporization process.
To comply with the LNG industry’s requirements for minimizing life-cycle costs, many vaporization processes have been proposed and developed.
News Index March 2006
LNG terminal trends and choice advance
The present high prices of natural gas coupled to high demand for electricity and the inherent flexibility offered by LNG, have led to a considerable increase in the number of offloading terminals that will be required.
LNG demand is forecast to continue to rise by about 7 percent a year and go from 138.5 million tonnes in 2005 to 196-232 million tonnes in 2010 and 310-375 million tonnes by 2020.
Flow measurement meters compete for LNG business
Keven Dunphy
Only 3.8 percent of liquefied natural gas trading was on spot or short-term contracts in 1999, rising to 12 percent at the last estimate and to a probable 33 percent by 2011.
In having long-term supply contracts, the delivery transactions can be defined by mutual agreement.
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.
Technip shares jump on Saipem merger reports
Technip, Europe's leading LNG engineering firm, saw its shares jump Friday amid speculation it could merge with Italian rivals Saipem and Snamprogetti to create a world leader in LNG plant and terminal construction.
