Friday, 30 May 2008 11:14
New materials and technology can optimize LNG plant performance
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.
Friday, 30 May 2008 11:05
Two-phase LNG expanders help to extend life of wells for production
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.
Friday, 30 May 2008 11:01
LNG cargo deliveries require use of robust sampling standards
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.
Thursday, 10 April 2008 08:10
News Index April 2008
A round up of the latest company news and developments
Thursday, 10 April 2008 08:07
Industry broadens marine horizons through ship-to-ship LNG transfers
Bob Gilchrist
Ship-to-ship transfers have historically been considered something of a risky operation and only carried out when absolutely necessary.
There is now a growing confidence that the STS industry sector can deliver a high-quality repeatable operation and meet the high safety standards expected in the LNG industry.
Ship-to-ship transfers have historically been considered something of a risky operation and only carried out when absolutely necessary.
There is now a growing confidence that the STS industry sector can deliver a high-quality repeatable operation and meet the high safety standards expected in the LNG industry.
Thursday, 10 April 2008 08:01
LNG market may soon see regular spot cargo auctions
Morten Frisch examines the possibility of electronic platform sales to aid pricing
The international LNG industry is currently going through large changes. It is developing from a largely regional, bilateral trade structure to a more globally, flexible and integrated market.
The international LNG industry is currently going through large changes. It is developing from a largely regional, bilateral trade structure to a more globally, flexible and integrated market.
Thursday, 10 April 2008 07:58
Uncertain LNG price environment turns focus on price revision clauses
Kenneth S. Culotta and Monica Hwang, King & Spalding LLP, Houston, Texas
In many parts of the world, LNG sales and purchase agreements use a formula tied to crude oil prices to derive the LNG contract price. The price formula typically includes a floor under, and a cap on, the crude oil price component.
In many parts of the world, LNG sales and purchase agreements use a formula tied to crude oil prices to derive the LNG contract price. The price formula typically includes a floor under, and a cap on, the crude oil price component.
Thursday, 10 April 2008 07:55
Japanese terminals face second year of LNG supply shortfalls
John McKay, LNG Journal Editor
LNG is expected to play an increasingly important role in Japan’s energy mix as the nation competes strongly, especially over the next three years, for diverted cargoes and any available long-term supply contracts.
LNG is expected to play an increasingly important role in Japan’s energy mix as the nation competes strongly, especially over the next three years, for diverted cargoes and any available long-term supply contracts.
Thursday, 10 April 2008 07:54
Plans move forward for LNG offshore production technology
LNG Journal, Technology Editor
With LNG demand growing at 8 to 10 percent a year, four times the annual growth rate worldwide for natural gas overall, the industry is seeking fast-track solutions to bring LNG to market and floating offshore production has moved to the top of the agenda.
With LNG demand growing at 8 to 10 percent a year, four times the annual growth rate worldwide for natural gas overall, the industry is seeking fast-track solutions to bring LNG to market and floating offshore production has moved to the top of the agenda.
Thursday, 13 March 2008 12:40
Yemen LNG will provide Mideast production for US, South Korea
LNG journal Middle East Editor
The Yemen LNG project may have a final bill of $300 million more than expected at over $4 billion, but the project will provide much-needed new LNG offtake for the US and South Korea.
Project costs have spiraled on all projects worldwide due to rising prices for labour and materials such as steel as the industry strains to meet rising energy demand.
The Yemen LNG project may have a final bill of $300 million more than expected at over $4 billion, but the project will provide much-needed new LNG offtake for the US and South Korea.
Project costs have spiraled on all projects worldwide due to rising prices for labour and materials such as steel as the industry strains to meet rising energy demand.
