Monday, 10 September 2007 17:08
The LNG project that attracted billionaires and Merrill Lynch
John McKay
Papua New Guinea LNG is a modest venture compared with more recent projects, but in attracting blue-chip investors it is proving to be world class.
The latest Asia-Pacific project on the verge of moving into the engineering phase counts among its investors a unit of the New York-based investment bank Merrill Lynch & Co., and since July T. Boone Pickens, the most high-profile US investor in the oil and natural gas industry.
Papua New Guinea LNG is a modest venture compared with more recent projects, but in attracting blue-chip investors it is proving to be world class.
The latest Asia-Pacific project on the verge of moving into the engineering phase counts among its investors a unit of the New York-based investment bank Merrill Lynch & Co., and since July T. Boone Pickens, the most high-profile US investor in the oil and natural gas industry.
Tuesday, 31 July 2007 14:44
Shtokman LNG project raises questions after choice of Total
Europe Editor
France’s Total has decided to join Gazprom’s Shtokman LNG and pipeline gas project after two years of controversy over the Russian gas giant's handling of previous partnership processes.
Total has signed up for a deal to receive a 25 percent stake in an operating company to be created to implement Phase 1 of the project, while Gazprom will retain 100 percent control of the production licence for the Shtokman field, located in the Barents Sea 650 kilometres northeast of the Russian port of Murmansk.
France’s Total has decided to join Gazprom’s Shtokman LNG and pipeline gas project after two years of controversy over the Russian gas giant's handling of previous partnership processes.
Total has signed up for a deal to receive a 25 percent stake in an operating company to be created to implement Phase 1 of the project, while Gazprom will retain 100 percent control of the production licence for the Shtokman field, located in the Barents Sea 650 kilometres northeast of the Russian port of Murmansk.
Tuesday, 31 July 2007 14:42
Treating difficult feed gases proves key task at LNG liquefaction plants
Ed Bras, Gerard van der Zwet, Jeanine Klinkenbijl and Paul Clinton, Shell Global Solutions
Growing demand for liquefied natural gas is leading to increased feed production from more difficult gas reservoirs. These reservoirs may contain higher levels of acid components, sulphur components and carbon dioxide.
New production may also end up in more difficult to develop environments, like the Arctic, offshore or near shore.
Growing demand for liquefied natural gas is leading to increased feed production from more difficult gas reservoirs. These reservoirs may contain higher levels of acid components, sulphur components and carbon dioxide.
New production may also end up in more difficult to develop environments, like the Arctic, offshore or near shore.
Tuesday, 31 July 2007 14:39
Australia’s Santos plans $6Bln LNG project for coal-seam gas
Asia-Pacific Editor
Santos, the Australian energy company, said it aimed to spend $6 billion to build a liquefied natural gas plant using coal-seam gas and to export the LNG to foreign markets.
Santos said the proposed single-Train plant would be located near the port of Gladstone in the state of Queensland. The world's first large-scale LNG facility to use processed coal-seam gas would have a capacity of 3-4 million tonnes per annum.
The Australian company is already involved in major LNG projects, being a stakeholder in the ConocoPhillips-operated Darwin LNG venture in Australia and a proposed LNG project in Papua New Guinea with ExxonMobil Corp.
Santos, the Australian energy company, said it aimed to spend $6 billion to build a liquefied natural gas plant using coal-seam gas and to export the LNG to foreign markets.
Santos said the proposed single-Train plant would be located near the port of Gladstone in the state of Queensland. The world's first large-scale LNG facility to use processed coal-seam gas would have a capacity of 3-4 million tonnes per annum.
The Australian company is already involved in major LNG projects, being a stakeholder in the ConocoPhillips-operated Darwin LNG venture in Australia and a proposed LNG project in Papua New Guinea with ExxonMobil Corp.
Tuesday, 31 July 2007 14:38
News Index July 2007
The latest company news
Tuesday, 31 July 2007 14:17
Financial arbitrage value in LNG trading according to future markets
Didier Holleaux, Vice-president LNG, Gaz de France, presents the last in his three-part series by looking at financial arbitrage value in future markets
The simplest way to realize financial arbitrage consists of buying call options, whose underlying asset is the New York Mercantile Exchange-National Balancing Point spread for a quantity equal to one cargo per month, at a strike value of 0, 0.50 or 1 US dollar per million British thermal units and using them when the spread is higher than the strike.
The simplest way to realize financial arbitrage consists of buying call options, whose underlying asset is the New York Mercantile Exchange-National Balancing Point spread for a quantity equal to one cargo per month, at a strike value of 0, 0.50 or 1 US dollar per million British thermal units and using them when the spread is higher than the strike.
Tuesday, 31 July 2007 14:07
Design, manufacture and test of largest LNG refrigeration compressor strings
Roy Salisbury, Pete Rasmussen, Todd Griffith and Andrea Fibbi
Increasing demand for LNG has driven the requirement for a significant increase in LNG plant capacity. Qatargas II, a joint venture by Qatar Petroleum and ExxonMobil, is committed to accomplish this while reducing plant emissions and making more efficient use resources.
Increasing demand for LNG has driven the requirement for a significant increase in LNG plant capacity. Qatargas II, a joint venture by Qatar Petroleum and ExxonMobil, is committed to accomplish this while reducing plant emissions and making more efficient use resources.
Monday, 25 June 2007 14:43
Arbitrage scenarios show annual profit up to $39M a year on one cargo a month
Didier Holleaux, Vice-president LNG, Gaz de France in the second of a three-part series looks at the historical value of arbitrage in relation to future value
Although the UK’s National Balancing Point represents only a small part of the European market - around 18 .5 percent - Transatlantic arbitrage is considered for the purposes of my analysis under the NBP-New York Mercantile Exchange futures spread.
One cargo per month (around 3.16*106 million British thermal units) originally dedicated to the NBP-indexed market will be considered for a potential arbitrage diversion to the NYMEX-indexed market on the other side of the Atlantic.
Although the UK’s National Balancing Point represents only a small part of the European market - around 18 .5 percent - Transatlantic arbitrage is considered for the purposes of my analysis under the NBP-New York Mercantile Exchange futures spread.
One cargo per month (around 3.16*106 million British thermal units) originally dedicated to the NBP-indexed market will be considered for a potential arbitrage diversion to the NYMEX-indexed market on the other side of the Atlantic.
Monday, 25 June 2007 14:35
News Index June 2007
Monday, 25 June 2007 14:31
Automation challenges are set by next generation of LNG import terminals
Romel Singh Bhullar, Technical Director, Fluor Corp, considers some strategies to stay among the leaders on the integration of control systems and monitoring
LNG plants already have a highly complex level of automation, both for process and safety as well as company-wide integration.
Add to this the demands from a variety of sources including stakeholders, traders, speculators, politicians and the wider public and it’s apparent the next generation of plants will be more advanced.
