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Supply Contracts

China and Japan not competing for LNG - Tokyo Gas

Despite China's growing presence in a global LNG market traditionally dominated by Japan, the two countries are unlikely to become competitors for future supplies of LNG, a senior executive at Tokyo Gas said at the Offshore Asia conference in Kuala Lumpur this week.

24 February 2012
Regasification

BG Group planning to cut stake in Chile LNG

Any potential sale of BG Group’s stake will not affect the 21-year LNG supply contract the company has in place.

24 February 2012
Liquefaction

Chevron’s Gorgon development reaches ‘end of the beginning’

Chevron’s landmark Gorgon LNG project off Western Australia is rapidly moving into its peak construction phase, Gorgon project downstream manager Paul McGrath told delegates to the Australasian Oil & Gas conference in Perth this week.

24 February 2012
Supply Contracts

China’s January LNG bill rises as imports increase

China’s LNG imports were up by 60% year-on-year in January to 1.3 million tons (mt) according to figures released by the General Administration of Customs on Wednesday.

23 February 2012
Liquefaction

Bolivia’s ‘virtual pipeline’ is symbolic undertaking

Bolivia has issued an international EPC tender for a ‘virtual gas pipeline’ to supply LNG to rural areas by truck, but the country’s former energy minister has said it is a political issue rather than a private sector opportunity

23 February 2012
Shipping & Transport

The new realities of the LNG ship debt market

LNG ship owners are injecting more of their own capital into financing new LNG vessels as stricter financial regulations squeeze access to bank debt

23 February 2012
Liquefaction

Petronas to add 3.6 mtpa train to Sarawak plant

Malaysia’s state-owned Petronas plans to add a 3.6 mtpa train to its liquefaction project in Sarawak, on the island of Borneo, Reuters reported on Thursday.

23 February 2012
Regasification

Asian needs driving FSRU market - Höegh CEO

As fast-industrialising countries such as Indonesia, India and China step up their investments in expanding LNG import capacity, a young market for the cheaper and more flexible floating, storage and regasification units is preparing for a growth spurt, the head of Höegh LNG told Interfax.

23 February 2012
Shipping & Transport

Analysts tell LNG industry: improve efficiency or face supply crunch

There is huge potential to increase efficiency within the LNG shipping industry, Claire Wright, an LNG analyst at Lloyds’s List Intelligence, told delegates at the Third International Shipping Conference in London on Tuesday.

22 February 2012
Supply Contracts

New players could shift to hub-based LNG pricing

The surge in LNG demand coming from China, India and south-east Asia could be the catalyst for LNG prices in Asia moving away from the traditional oil-linked pricing mechanism and towards a spot market pricing.

22 February 2012
Regasification

CNOOC to build LNG terminal in Longhai

China National Offshore Oil Corp. plans to build an LNG terminal in Longhai in Fujian Province and is likely to begin construction in the first half of this year

22 February 2012
Shipping & Transport

Golar expects threefold gain

Golar LNG is expected to report a threefold gain in 2012 net income as rates for LNG tankers rise for a third year in a row due to Japanese demand, Bloomberg reported on Tuesday.

21 February 2012
Liquefaction

Woodside’s Browse, Sunrise face rough waters ahead

Following a tough year for two of its western Australian LNG developments - Browse and Greater Sunrise - Woodside Petroleum is likely to continue struggling in the year ahead

21 February 2012
Regasification

Pivotal year looms for Uruguay’s energy policy

Uruguayan authorities are facing tough decisions if they want to kick-start exploration this year and remain an attractive destination for investors.

21 February 2012
Supply Contracts

Japan LNG imports rise to 8.15 mt in January

Japan’s total LNG imports rose again in January, this time by 28.2% year-on-year to 8.15 million tons (mt), according to statistics released by the Finance Ministry on Monday.

20 February 2012
Supply Contracts

Yemen LNG ramps up Asian exports

Total and Yemen LNG plan to divert an additional 20 Yemeni cargoes to South Korea over the next three years to take advantage of high gas prices in Asia.

20 February 2012
Supply Contracts

CNOOC tapped to build infrastructure for Ichthys

China Offshore Oil Engineering (COOEC), a unit of China National Offshore Oil Corp. (CNOOC), has signed a contract with joint venture (JV) JKC to build heavy steel modules for the Ichthys LNG project in Australia.

20 February 2012
Liquefaction

Companies juggle costs for British Columbia LNG

Canadian giant Encana announced Friday that it had sold a 40% stake in its Cutbank Ridge gas assets in British Columbia for $2.9 billion to Japanese conglomerate Mitsubishi. It is an indication that companies have decided to share the heavy costs of exporting gas from North America as LNG.

20 February 2012
Supply Contracts

Gazprom to meet Italian gas demand

Gazprom will meet Italy’s demand for Russian gas in full on Friday.

17 February 2012
Supply Contracts

Kuwait Petroleum plans $5 billion of deals

Kuwait Petroleum plans to sign $5 billion worth of oil and gas deals “soon”, the state-run KUNA news agency said on Wednesday, according to a report in the Middle East North Africa Financial Network (MENAFN).

16 February 2012

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