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Supply Contracts

South America’s questionable LNG procurement strategy

South America’s LNG buyers have been forced to pay premium rates for cargoes because of a reluctance to sign long-term supply deals.

22 January 2013
Liquefaction

North America’s potential LNG export projects rise to 21

Magnolia LNG, a subsidiary of Australian company LNG Ltd., has said it plans to build a $2.2 billion liquefaction plant at the Port of Lake Charles, an industrial port based in the city of Lake Charle

22 January 2013
Regasification

Anadarko awards Bechtel with contract for proposed Mozambique LNG plant

Anadarko Petroleum has awarded Bechtel with the front-end engineering and design contract for the company’s proposed LNG plant in Mozambique.

22 January 2013
Liquefaction

Industry hits back at LNG export opponents

The oil and gas industry has been bolsering its campaign for additional LNG exports to non-free trade agreement countries, following heightened rhetoric from opponents of large-scale exports.

18 January 2013
Regasification

South Korea’s 2012 LNG imports flatline

South Korea’s rapid LNG import growth looks to have slowed in 2012, possibly signalling the country’s transition into a mature market with little further prospect for growth.

16 January 2013
Regasification

LNG roundup: Spot prices surge on Asian and South American interest

Record-high prices of $20 per million Btu (MMBtu) remain a possibility this winter as competition for spot LNG cargoes intensifies in northeast Asian markets.

16 January 2013
Regasification

Repsol’s mystery LNG buyer

Media reports have suggested Spanish giant Repsol is close to a deal for its LNG assets, although companies linked to the business refused to say if they had tabled a bid when contacted by Interfax on

16 January 2013
Liquefaction

US LNG export opponents circle the wagons

Opponents of large-scale United States LNG exports have formed a coalition, called America's Energy Advantage, to lobby for restrictions on export volumes.

15 January 2013
Regasification

Jordan to finalise LNG FSRU lease by March

The Jordanian Energy Ministry is pushing forward with plans to import LNG into the kingdom and will launch a tender for the engineering, procurement and construction (EPC) contract for an LNG jetty on Tuesday.

14 January 2013
Supply Contracts

Tepco December LNG purchases cap record consumption

Tepco imported 2.15 million tons (mt) of LNG in December, helping to push yearly imports at Japan’s largest power utility to a record 24.8 mt.

14 January 2013
Liquefaction

US exports to accelerate decline of LNG prices

Consultancy Deloitte expects the introduction of Henry Hub-linked US LNG exports to global markets will accelerate a transition away from oil-linked LNG pricing and push down prices.

11 January 2013
Regasification

Gail completes India LNG terminal commissioning

Gail has completed commissioning work on India’s third LNG terminal, the state-run company announced on Thursday.

11 January 2013
Supply Contracts

Two of Asia’s largest buyers team up for LNG purchase

Two of Asia’s largest importers have reached an agreement with Italy’s Eni for the delivery of 28 LNG cargoes, marking the first time Asian buyers have teamed up to jointly purchase supplies of the fuel.

11 January 2013
Supply Contracts

Gas imports must cut Cyprus €700 mln import bill ‘significantly’

Cyprus, which spends €700 million ($930 million) a year importing heavy fuel oil and gasoil, will only start importing LNG or CNG by January 2015 if it offers “significant savings”, Nicholas Valanides, commercial and financial officer of Cyprus’ Natural Gas Public Company (DEFA) told Interfax on Thursday.

11 January 2013
Regasification

India’s third LNG terminal starts up

India’s third LNG terminal has been commissioned and will begin importing supplies contracted under three-year sales agreements while also undergoing expansion work, state-owned operator Gail announced on Thursday.

10 January 2013
Regasification

Japanese LNG imports expected to grow in 2013

Despite growing optimism that Japan may restart several of its idled reactors this summer, some analysts are predicting the country will not break its growing dependence on imported LNG anytime soon, and could even import larger volumes in 2013 than the previous record-breaking year.

10 January 2013
Regasification

Cyprus to start negotiations for import of 1.2 bcm/y of LNG in early February

Cypriot state-owned Natural Gas Public Co. (DEFA) should begin negotiations with suppliers to start importing up to 1.2 billion cubic metres of gas per year soon, Commerce Minister Neoclis Sylikiotis was reported as saying by Cyprus Mail on Tuesday.

9 January 2013
Supply Contracts

Gazprom, Lithuania may begin talks this month

The government of Lithuania plans to begin negotiations with Gazprom in January on the price of gas for the country. Lithuania is seeking to stipulate a new price formula in the contract between Gazpr

9 January 2013
Regasification

Sinopec gets nod for initial work on Jiangsu LNG terminal

Sinopec has secured approval to start preliminary work on an LNG receiving terminal in Lianyungang Port in Jiangsu province, the provincial energy bureau announced on Sunday.

8 January 2013
Shipping & Transport

Northwestern Europe continues to struggle to absorb LNG cargoes

Northwestern Europe continues to struggle to absorb LNG cargoes, with Paris-based supplier GDF Suez opting to deliver a cargo from Norway’s Snøhvit facility to Turkey’s Aliaga terminal.

8 January 2013

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