CNOOC’s Tianjin LNG terminal received 1.04 mt in 2016, with spot volumes making up 13%. (CNOOC Tianjin LNG) LNG

Bargain-price spot LNG proves popular in China

China's LNG buyers more than doubled their imports of spot LNG last year as prices dropped, with some even choosing to incur penalties by forgoing term volumes.

By Tang Tian 27 March 2017
How long can it continue to export its gas resources and enjoy high prices, reliable customers, foreign investments in resource development, and enhanced diplomatic relations with buyers? (PA) LNG

Indonesia’s LNG exports make way for domestic market

A growing economy, dwindling gas resources and high oil prices are leading Indonesia, the world’s third largest LNG exporter, to reduce exports and use its own LNG production to meet domestic demand.

7 June 2011
LNG

Gazprom has no plans to alter Ukraine gas price formula

Gazprom is not planning to change the price formula for gas sold to Ukraine and will not couple it to other fuels, chief executive Alexei Miller said in Sochi on Monday.

6 June 2011
LNG

Saipem and Chiyoda sign joint venture deal

Italy’s Saipem has signed a co-operation agreement to develop onshore LNG and other upstream projects with Chiyoda Corporation, a Japanese engineering group.

6 June 2011
LNG

Petronas buys stake in Canadian shale gas plays

Malaysia’s Petronas has, this week, bought half of three Canadian shale gas plays for C$1.07 billion ($1.09 billion) from Calgary-based Progress Energy Resources and will discuss development of LNG export facilities in British Columbia.

3 June 2011
The Shtokman gas field has been named as the main supplier of LNG in three preliminary agreements. (PA) LNG

Shtokman volumes underpin Gazprom MOUs with India

The Shtokman gas field in the Barents Sea is the main resource base underpinning a series of three preliminary agreements between Gazprom and Indian groups GAIL, Gujarat State Petroleum Company and Petronet LNG.

3 June 2011
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
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
LNG

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
A line of pipe-laying cranes carrying gas pipes prior to a connection ceremony of a new pipeline in Russia's northern Yamal Peninsula. (PA) 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
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
LNG

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
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
LNG

Pakistan power projects connect to grid

Two new power stations have been connected to the grid in Pakistan, the 177 megawatt Fauji Dharki gas-fired plant and the 214 MW Hubco Narowal oil-fired plant, local newspaper The Daily Times reported today.

31 May 2011
LNG

Escobar LNG terminal set for completion in June

The 14 thousand cubic metre per day (Mcm/d) Escobar LNG imports terminal in Argentina will be completed by mid-June 2011, a spokesman for private oil and gas company, YPF, confirmed.

31 May 2011
Martin Houston, executive director, executive vice-president and managing director of Americas and Global LNG at BG Group. LNG

Interview: BG Group's Martin Houston (Part I)

Martin Houston, executive director, executive vice-president and managing director of Americas and Global LNG at BG Group, discusses equipment and labour constraint pressures in Queensland, Australia, the potential of major LNG supply shortfall by 2020, and the evolution of the LNG industry towards a more highly traded spot market.

27 May 2011
LNG

Bahrain abandons Iran gas import plans

Following several years of unsuccessful negotiations, Bahrain has halted plans to import natural gas from Iran.

27 May 2011
LNG

Germany may need 6 GW of additional CCGTs – Deutsche Bank

Germany may need to build an additional 6 gigawatts (GW) of gas-fired power plant capacity between 2011 and 2015 if it starts phasing out nuclear power plants following the incident at the Fukushima plant in Japan, analysts at Deutsche Bank said in a report on Friday.

27 May 2011
Coal bed methane well. (PA) LNG

Coal-bed methane to transform Australia LNG exports

Australian exports of LNG are set to soar from mid-decade onwards as new liquefaction terminals come into production, meeting insatiable gas demand from Asian-Pacific nations such as China and Japan and, potentially, boosting Pacific Basin trading.

26 May 2011
Cheniere plans to build up to four LNG trains, each with a capacity of 4 mtpa. (Roy Luck/Flickr) LNG

Hurdles remain for Cheniere US LNG export project

Cheniere Energy has received approval from the US department of energy for its proposed LNG terminal at Sabine Pass – but a number of hurdles to the project still remain.

26 May 2011

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