The signing ceremony for the Moheshkhali FSRU LNG

Bangladesh prepares for first LNG imports

Bangladesh is getting ready to receive its first delivery of LNG next week as its new FSRU travels across the Indian Ocean carrying Qatari volumes.

By Andrew Walker 20 April 2018
LNG

Vopak, Enagas buy Mexican LNG terminal from Shell

Vopak, a Dutch tank storage service provider, and Enagas, the Spanish grid operator, have agreed to buy the Altamira LNG import regasification terminal on the east coast of Mexico from current owners Shell (50%), Total (25%) and Mitsui (25%), the companies said on Thursday.

2 June 2011
Policy & Regulation

Market plays down Centrica’s response to tax hikes

UK gas traders on Thursday played down Centrica’s announcement that it would operate its 20 thousand cubic metres per day Morecambe South gas fields on a more intermittent basis in future, due to the tax increases for offshore production.

2 June 2011
Exploration & Production

Israel’s Premium Holdings may buy stake in Leviathan shareholder

Israeli investment company Premium Holdings is looking into options to buy a 15% stake in Ratio Oil Exploration, which owns 15% of the giant Leviathan gas field off Israel’s Mediterranean coast.

2 June 2011
LNG

Iberdrola, BP sign LNG supply agreement

Spanish utility Iberdrola has signed a 10-year LNG supply contract with British Petroleum (BP) starting in 2012, Iberdrola said on Wednesday.

1 June 2011
Companies & Finance

OGX issues $2.6 billion in unsecured notes

Brazilian independent OGX Petróleo e Gáshas issued $2.563 billion in unsecured notes to be used to fund development of its substantial natural gas discoveries.

1 June 2011
Exploration & Production

Iraq demands Shell gas deal be completed

The Iraqi government warned energy giant Royal Dutch Shell it must finalise a $12 billion gas gathering deal by next week or negotiations over the agreement would be terminated, Ahmed al-Shamma, the country’s deputy oil minister, said on 30 May.

1 June 2011
Pipelines, Storage & Power

Nabucco transit countries to sign project support agreements

The five transit countries of the planned 31 billion cubic metres per year Nabucco gas pipeline will sign project support agreements (PSAs) for the project on 8 June, Vienna-based Nabucco Gas Pipeline International GmbH (NIC) said on Wednesday.

1 June 2011
Supply & Demand

Asia, Latin America head up global LNG demand growth – BoA Merrill Lynch

Worldwide LNG imports in March increased by 12% compared with the same month the previous year, with the strongest growth coming from Asia and Latin America, United States bank BoA Merrill Lynch said in a report on Wednesday.

1 June 2011
Exploration & Production

Rialto returns after Ivory Coast disruption

Australian explorer, Rialto Energy, said it has restarted operations in the Ivory Coast as foreign companies return to work after the overthrow of former president Laurent Gbagbo.

31 May 2011
Exploration & Production

Total buys 25% of Qatari hydrocarbon exploration licence from CNOOC

China National Offshore Oil Corporation (CNOOC), China’s leading offshore oil producer, sold a 25% stake in a licence to explore for hydrocarbons in Qatar to France’s Total, on 29 May.

31 May 2011
Companies & Finance

ONGC reports drop in Q4 earnings

India’s Oil & Natural Gas Corp. (ONGC) reported a 26% drop in fourth quarter net profits to 27.9 billion rupees ($619 million), as it failed to take full advantage of higher oil and gas prices due to government-imposed subsidies.

31 May 2011
LNG

Indian bidders enter frame for Yamal LNG

A consortium of Indian companies has bid for a stake in Novatek’s Yamal LNG project, hoping to snap up a portion of the 29% holding the Russian company is preparing to offload.

31 May 2011
Exploration & Production

BP banks on Reliance deal

BP’s failed Russian deal means that the Reliance Indian tie-up is that much more important for the company, but is it certain to go through?

31 May 2011
LNG

CNPC’s Rudong LNG terminal receives first shipment

PetroChina received its first commissioning cargo of LNG at its LNG import terminal in Rudong , Jiangsu Province, last week. Doha-based Qatargas, the world’s largest LNG company, shipped its first cargo, 145,000 cubic metres of LNG to the Rudong City facility.

31 May 2011
Exploration & Production

Indian consortium bids for 15% stake in Yamal LNG

A consortium of Indian companies, ONGC Videsh, Gail and Petronet LNG, is preparing a non-binding, indicative bid for a 15% stake in Yamal LNG, the Hindustan Times reported on Thursday.

31 May 2011
LNG

Yamal LNG capacity may triple with gas from nearby fields

The capacity of the Yamal LNG project may be tripled to handle natural gas from nearby fields, the head of finance and strategic development at Novatek, Kirill Yanovsky, said at parliamentary hearings on the gas industry in the State Duma.

31 May 2011
Supply & Demand

GECF ministers to hold mid-year review

The Gas Exporting Countries Forum (GECF) will hold its ministerial meeting in Cairo on 2 June, to review GECF work over the past six months, the GEFC told Interfax.

31 May 2011
Policy & Regulation

Brazil’s ethanol shortage paves way for burgeoning NGV market

A number of factors have lead to Brazil moving their focus purely from ethanol to developing the use of natural gas. Leigh Elston investigates the reasoning behind the move and the implications thereof on the Brazilian fuel market.

31 May 2011
Supply & Demand

Iraq and EU sign partnership to import gas into Europe

Iraq has committed to the long-term export of gas into Europe as part of an “enhanced strategic energy partnership”, signed in Brussels on 26 May.

31 May 2011
LNG

Hyundai Heavy to deliver two LNG tankers to Dynagas

Hyundai Heavy Industries, the world’s largest shipbuilder, has won a $600 million order to build two, 155 cubic metre LNG carriers for Greece-based Dynagas, it said on Tuesday.

31 May 2011

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