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Supply Contracts

Kogas looking to invest in US shale assets

South Korea’s Kogas is looking to invest in United States shale gas assets in the hopes of eventually being able to import at least 3 mtpa of LNG to its home country, Dow Jones reported on Monday, citing Kogas’ executive vice president of the Resources Business Division, Park Young-sung.

18 June 2012
Liquefaction

Apache’s hopes for ‘staggering’ Liard Basin

United States independent Apache is not factoring North American gas into its plans for output growth over the next five years, but the company has high hopes for Canada’s gas-rich Liard Basin, which it is calling the world’s best shale gas reservoir.

15 June 2012
Supply Contracts

Indonesian LNG negotiations damage its credibility

The chairman of the industry, research and technology unit of the Indonesian Chamber of Commerce and Industry has called for the central government to renegotiate LNG export contracts, singling out China as its top priority, according to a Jakarta Post report this week.

15 June 2012
Regasification

Jordan to launch FSRU tender before the end of 2012

The Jordanian energy ministry has a “solid basis to start moving” on the implementation of its 3.5 million ton per annum floating LNG import terminal, Marwan Bakain, director of the natural gas department at the ministry told Interfax on Thursday. The cabinet has approved the ministry’s recommendation to lease a floating storage and regasifi

15 June 2012
Regasification

Petronet seeking $1 bln in debt for LNG import projects - report

India's Petronet is reported to be planning to raise up to $1 billion in debt during 2012 to finance the expansion of its LNG regasification capacity.

15 June 2012
Supply Contracts

Japan’s LNG forecast likely overstated – report

Japanese LNG demand forecasts have likely been overstated, a report published by the Oxford Institute of Energy studies said on Friday.

15 June 2012
Shipping & Transport

LNG pricing scheme to revive Zhongshan refueling sector

A newly implemented mechanism in southern China that links the price of LNG for vehicles to benchmark diesel may help revive the embattled LNG refilling sector, an analyst has told Interfax.

15 June 2012
Supply Contracts

Conoco’s Alaskan Kenai plant exports LNG to Japan

ConocoPhillips restarted LNG shipments from its plant in Alaska last month by sending a cargo to Japan, a spokesman confirmed to Interfax on Wednesday.

14 June 2012
Liquefaction

Bechtel to begin initial work on Sabine

United States engineering and construction firm Bechtel has received the go-ahead to begin preliminary work on the first two 4.5 million ton per annum trains for the Sabine Pass LNG plant.

13 June 2012
Regasification

Lithuania LNG and nuclear power projects will help ensure energy independence

Lithuania’s proposed energy projects will help ensure the country’s energy independence and integration into the European energy market, European Commission Tax Commissioner Algidras Semeta said this week following the announcement of the latest plans for the Klaipeda LNG terminal and Visaginas nuclear power plant.

13 June 2012
Supply Contracts

Nigeria makes $9 billion from LNG exports

Nigeria has made $9 billion over eight years from LNG exports, a former special adviser to late President Umaru Yar’Adua said on Monday, according to the Business Day newspaper.

12 June 2012
Regasification

Lebanon to complete RFP for floating LNG imports by October

Several international oil and gas companies have submitted expressions of interest to build a proposed 3.5 million ton per annum floating storage and regasification unit off the coast of Lebanon, an advisor at the Lebanese Ministry of Water and Energy told Interfax on Monday.

12 June 2012
Liquefaction

CNPC’s Kunlun Energy to spur use of vehicular LNG

China National Petroleum Corp. (CNPC) plans to boost LNG sales and encourage use of LNG-powered vehicles over the next three years, the company’s internal newspaper reported on Tuesday.

12 June 2012
Regasification

Cheap LNG may tempt US trucks, but market stays cautious

Royal Dutch Shell is seeking to expand its LNG transport fuel business in North America, signing a memorandum of understanding with truck stop operator TravelCenters of America (TA) last week. The company is seeking new markets for United States production, but the use of LNG as trucking fuel faces infrastructure challenges, despite favourable econ

12 June 2012
Regasification

Jordan gas imports from Egypt halted, but FLNG project approved

Egypt cut gas exports to Jordan again this weekend without citing a clear reason for the disruption.

12 June 2012
Regasification

PetroChina, CNOOC see mixed results in trucked LNG business

PetroChina and China National Offshore Oil Corp. (CNOOC) have witnessed mixed results in sales of LNG trucked from import terminals over the past year, an energy consultancy told Interfax last week.

11 June 2012
Liquefaction

Reef threatens to derail Gladstone LNG projects

A UNESCO report has expressed “extreme” concern over the “unaddressed” effects of Gladstone CBM-to-LNG developments on Australia’s Great Barrier Reef. The growing environmental advocacy is creating yet another obstacle to the numerous planned projects.

11 June 2012
Supply Contracts

Qatargas to supply Tepco with additional 1 mpta

Qatargas has agreed to supply Tepco with an additional 1 million tons per annum (mtpa) of LNG on a long-term basis starting from August, Qatargas and Tepco announced on Monday.

11 June 2012
Regasification

Shell looks at LNG import potential in the Philippines

Royal Dutch Shell has agreed to look into the possibility of building an LNG regasification terminal in the Philippines, setting in motion what could become the country’s second import facility.

11 June 2012
Liquefaction

GDF bullish on the future of the LNG market

Jean-Marie Dauger, executive vice-president in charge of the global gas and LNG business at GDF Suez, talks to Interfax about the future growth of the LNG market, exports from the US, floating LNG technology and the global growth in gas demand.

8 June 2012

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