LNG

Iberdrola, Spain's No. 2 energy company and one of Europe’s biggest LNG buyers, said it has agreed to buy Scottish Power of the UK in a deal worth 17.2 billion euros ($22.6Bln) to spread its customer reach in the Atlantic Basin.

Malaysia Marine & Heavy Engineering (MMHE), a unit of Malaysia International Shipping Corp. (MISC), said its Pasir Gudang shipyard now has the capacity for LNG carrier drydocking and refurbishment.

Technip, Europe's leading LNG engineering firm, saw its shares drop Monday after Italian energy company ENI said it wasn’t planning to bid for the French company.

Philip Weems of King & Spalding.

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.

The European Bank for Reconstruction and Development is currently holding consultations on whether to invest in the second phase of the Shell-led Sakhalin-II LNG project in the Russian Far East.

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.

Greg Hopper, Dr. Hua Fang and Nimmi Sarda Black & Veatch Enterprise Management Solutions

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.

Axel Hanenkamp and Nicolaus Böckhoff, MAN B&W Diesel AG, Augsburg

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.

Joseph H. Cho, Heinz Kotzot, Felix de la Vega and Charles Durr, KBR Houston

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.

A round-up of latest events, company statements, industry reports and people in the news.

Chris Pashalis,  President  FMC Technologies SA

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.