Clock is ticking for BC's LNG projects as Asian gas prices plunge
British Columbia supports LNG export projects as a "once in a generation" opportunity, according to Rose Klukas, Kitimat's economic development officer; but the clock is ticking as falling gas prices in Asia could close that window of opportunity.
Qatar unlikely to lift LNG sendout capacity - bank
Qatar National Bank analysts expect the Emirate's hydrocarbon production and export capacity to "continue plateauing in the medium term", amid rising domestic demand. There's little room for more Qatari volumes beyond the current 77 mtpa, as cargoes have to compete against an upswing in Australian exports and new ventures in North America and east Africa.
Egypt at brink of gas shortages as FSRU deal with Hoegh stalls
Plans of Egypt's state-run energy firms EGAS and EGPC to get a for a Floating Storage and Regasification Unit (FSRU) up and running this summer have faltered, as a deal with Norway's Höegh LNG faces serious hurdles. Competitor Excelerate Energy is back on the cards as the government seeks to avert looming gas and power shortages.
ANALYSIS: Bearish gas markets undermine LNG export projects economics
A steady downward trend of European and Asian gas prices is squeezing the economics of liquefaction and export projects as anticipated RoI is revised down along with prices.
Carriers for Queensland Curtis LNG ordered from Chinese shipyard
An order for four LNG tankers to serve BG Group's Queensland Curtis LNG project has been placed with China's Hudong-Zhonghua Shipbuilding Group. All four vessels will be on 20-year time charters to Methane Services, a wholly-owned subsidiary of the BG Group.
