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Supply Contracts

Oman LNG to sign new supply contracts - report

Oman LNG plans to sign new LNG supply contracts after 2015 when BP starts tight gas production in Oman, Brian Buckley, Oman LNG’s chief executive, told Bloomberg at the World Gas Conference in Kuala Lumpur.

7 June 2012
Liquefaction

Algeria welcomes US to Gas Exporting Countries Forum

The United States’ entrance into the global market through the export of its own LNG will not seriously impact the position of exporters such as Russia and Algeria, Algerian Energy and Mines Minister Youcef Yousfi said at the World Gas Congress in Kuala Lumpur.

7 June 2012
Regasification

Japan LNG consumption may jump by 2030

Japan’s LNG use will jump considerably by 2030 if plans to shake up the country’s energy sector are implemented, Mitsunori Torihara, the chairman of The Japan Gas Association (JGA) told delegates on Thursday at the World Gas Conference in Kuala Lumpur.

7 June 2012
Liquefaction

Santos, Conoco welcome ‘Asian flavour’ to their Timor Sea LNG project

ConocoPhillips and Santos have finalised a deal to sell 37.5% of their Barossa and Caldita gas discoveries offshore Australia to South Korea’s SK E&S, adding “robustness” to their LNG project ambitions, Santos said on Thursday.

7 June 2012
Liquefaction

Catching the Asian gas boom

Interfax caught up with Fereidun Fesharaki, chief executive of the consulting agency FACTS Global Energy, on the third day of the World Gas Conference in Kuala Lumpur to discuss some of the event’s overriding themes so far.

6 June 2012
Regasification

Walk the talk on gas – RasGas CEO urges EU

The European Union needs to overhaul its regulatory structure to promote gas as a clean energy source and “back up the talk [of reducing carbon emissions] once and for all”, RasGas Chief Executive Hamad Rashid al-Mohannadi said in his keynote address to the World Gas Conference on Wednesday.

6 June 2012
Regasification

Japan’s LNG facilities ‘safer’ than nuclear

The limited damage sustained by Japan’s LNG industry following the March 2011 earthquake and tsunami is testament to its safety, Nobuhiko Takei, the production technology manager of the Japan Gas Association, told Interfax.

6 June 2012
Supply Contracts

Asian gas hub could emerge in China

The prospect of decoupling gas prices from oil and using an indigenous gas-on-gas pricing mechanism for Asia has again emerged as a pressing issue during the World Gas Conference in Kuala Lumpur, with one expert suggesting that an Asian gas pricing hub could eventually emerge in China.

6 June 2012
Liquefaction

US LNG exports may depend on global shale growth

Obstacles to shale development in China and Europe could help the United States as it becomes an LNG exporter, said International Energy Agency (IEA) Chief Economist Fatih Birol at the Carnegie Endowment in Washington, DC on 1 June.

6 June 2012
Regasification

China may need to wait 'beyond 2025' for shale boom

It could be 15 years before China’s unconventional gas industry flourishes, Gavin Thompson, the director of China Gas Research for Wood Mackenzie has told Interfax.

6 June 2012
Liquefaction

Dong scouts for LNG shipping fuel partner

LNG could fuel a large chunk of the shipping industry, especially between ports “of a certain size”, Dong Energy’s Executive Vice President for Energy Markets told Interfax on Wednesday.

6 June 2012
Liquefaction

Shtokman may get new members as Statoil, Total reduce stakes - Miller

The Shtokman development project could see the arrival of new participants as Statoil and Total reduce their involvement, Gazprom Chief Executive Alexei Miller said on the sidelines of the World Gas Conference.

5 June 2012
Liquefaction

Portfolio players set for key role in US LNG exports

Portfolio buyers of LNG are likely to play a significant role in shaping the development of the United States LNG industry, Richard Pratt, vice-president of Fearnley LNG, told delegates at the World Gas Conference in Kuala Lumpur on Tuesday.

5 June 2012
Liquefaction

Construction on Shell’s Prelude FLNG now underway

Cutting on the steel that will create Royal Dutch Shell’s mammoth Prelude floating LNG (FLNG) project got underway last month in Dubai, marking the beginning of construction for a project that has been close to two decades in the making.

5 June 2012
Liquefaction

Shtokman and Sakhalin LNG destined for different regions

LNG from the huge Shtokman field in Russia's Arctic will be sold to markets in the Atlantic Basin, while Asia Pacific will be supplied with LNG from Sakhalin projects and a planned Vladivostok LNG project.

5 June 2012
Regasification

Malaysia kicks off a new era of LNG imports

With a video and soundtrack that could rival the trailer of a Hollywood summer blockbuster, a five-second countdown and three official strikes of the gong, the Malaysian prime minister and top Petronas officials on Monday launched their country’s first LNG terminal, in tandem with the start of the week-long World Gas Conference in Kuala Lumpur.

4 June 2012
Liquefaction

World Gas Conference starts in Kuala Lumpur

The Malaysian Prime Minister Najib Razak opened the 25th World Gas Conference in Kuala Lumpur on Monday by promoting gas as the fuel most suited to promote continued economic growth while also cutting carbon emissions.

4 June 2012
Shipping & Transport

Freeport LNG given approval to lease land in Texas

The Freeport Port Commission has accepted terminal developer Freeport LNG’s bid to lease a 170 acre (0.7 square km) tract of land adjacent to its existing LNG import terminal in Texas.

1 June 2012
Liquefaction

China’s LNG output capacity grows 30%

China’s daily LNG production capacity grew by 3.2 million cubic metres (MMcm) in the first five months of this year, a rate of growth 30% higher than the same period in 2011, a consultancy told Interfax on Friday.

1 June 2012
Supply Contracts

Be patient, Washington tells Tokyo

Washington has urged Tokyo to be patient about gas supply, a newspaper said on Wednesday, in a sign that United States domestic politics is directly affecting Japanese energy policy.

31 May 2012

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