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Liquefaction

BC LNG hit with cost creep, delays

BC LNG’s Douglas Channel project will cost more than anticipated and come onstream at least a year behind schedule, but the project’s small size does confer some advantages over larger proposals in western Canada.

24 January 2013
Shipping & Transport

LNG as a bunker fuel – far from plain sailing

European shippers will soon be forced to reduce emissions in parts of the Baltic Sea, North Sea and English Channel, but will LNG be the first port of call for companies looking to clean up their acts?

23 January 2013
Supply Contracts

Cross-basin competition intensifies as demand surges

Traders attempting to secure cargoes delivered to Asian terminals are believed to be bidding in the region of $19 per million Btu (MMBtu) with below-average temperatures supporting gas consumption.

23 January 2013
Supply Contracts

LNG market faces supply crunch as new terminals come online

The commissioning of new LNG regasification capacity in 2013 is set to tighten the global market.

23 January 2013
Regasification

Medgas import facility construction delayed

The construction of Italy’s proposed Medgas import facility has been delayed until 2014 as operator’s Iride and Sorgenia have to wait for further approval from the country’s port authority.

23 January 2013
Regasification

China pays $1 billion for December LNG imports

China’s LNG imports ended on a high note last year, with December imports soaring to a record 1.83 million tons (mt) at a cost of more than $1 billion, according to data released on Monday by the General Administration of Customs.

22 January 2013
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

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