ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cu. Ft. (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility, and provide a significant portion of construction funding. The management of Freeport LNG Development will remain in place and be responsible for all commercial activities and customer interface for the remaining capacity in the facility. The terminal will be designed with a storage capacity of 6.9 BCF and send-out capacity of 1.5 BCF per day. Natural gas will be transported through a 9.4-mile pipeline to Stratton Ridge, Texas, which is a major point of interconnection with the Texas intrastate gas pipeline system. The Freeport LNG terminal is being developed in response to the growing need for new natural gas supplies for commercial, industrial and residential consumers in Texas. “This significant step in our LNG import and regasification development effort provides a near-term opportunity to serve the growing U.S. natural gas market,” said Jim McColgin, ConocoPhillips vice president of exploration and business development
ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cubic feet (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility
The Federal Energy Regulatory Commission (FERC) issued an Order granting authorization for construction and operation of a liquefied natural gas (LNG) terminal on Quintana Island, near Freeport, Texas. The facility is to include, among other things, an LNG ship maneuvering area, a protected single-berth unloading dock, and a storm protection levee. Plans call for the facility to be in operation for the 2006-2007 winter heating season. Docket No. CP03-75-000 (HK Law).
Washington State Ferries (WSF) is exploring an option to use liquefied natural gas (LNG) as a source of fuel for the Issaquah Class ferries. LNG is used worldwide and provides an opportunity to reduce fuel costs, and better the environment by decreasing emissions. Saving money, cleaner environment, energy independence Fuel is WSF's fastest growing operating expense; it burns more than 17 million gallons each year. Its fuel budget is over 30 percent of the FY11-13 operating budget
U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.S. LNG export project to get the green light to begin construction from the Federal Energy Regulatory Commission. (FERC order: http://1.usa.gov/1ocKyca) The planned project would have the capacity to export up to 1.8 billion cubic feet a day of LNG once operational.
A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural gas (LNG) train at Freeport LNG in Texas, US. Upon completion, the three-train facility will have a total export capacity of more than 13.9 million tons per year of liquefied natural gas. The deal requires the JV to provide engineering
On May 31, Konecranes announced a rubber-tired gantry (RTG) order from Malta Freeport Terminals that included an option for a further ten RTGs. Malta Freeport Terminals has now taken up this option, and in August the companies signed an agreement for the additional ten RTGs. The crane deliveries will start in the second quarter of 2008. This is Konecranes' third RTG order from Malta Freeport Terminals, which after delivery of this order will have 30 Konecranes RTGs in its fleet
The LNG industry is beginning to move offshore, in part as a defensive tactic to avoid the safety and security concerns of local citizens to shore-based terminals and, in part, as an offensive move to access more gas reserves and possibly gain manufacturing and scale efficiencies. Project developers and the engineering contractors and equipment manufacturers that support them are working out the technical challenges of marinizing liquefaction, storage, loading, unloading and regas systems
Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate exports which have been halted for more than six months. Freeport said on July 8 it had agreed on a draft memorandum of understanding but had not signed it. At the time, it gave no time frame on when it would resume exports. Indonesia introduced a mineral ore export ban and a steep export tax in January.
E.ON has struck a deal with Japanese shipping group Mitsui OSK Lines LTD (MOL) to transport liquefied natural gas from the United States, the German utility said in a statement on Thursday. Running over 20 years, the shipping agreement includes capacity of up to two LNG vessels transporting about 800,000 tonnes of LNG from U.S. Gulf projects per year, including the planned terminal near Freeport, Texas, E.ON said.
A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie told Reuters. The floating storage and regasification unit (FSRU) provided by Singapore-based
Singapore Offers Funding to Build LNG Vessels Port of Singapore offers S$12 million funding for building of LNG-fuelled vessels as Singapore advances LNG bunkering efforts to meet future demand The Port of Singapore, regarded as a leading bunkering hub
MARAD provides funding to further study LNG as marine fuel for containerships The U.S. Maritime Administration (MARAD) announced it has entered a $900,000 cooperative agreement with Totem Ocean Trailer Express Inc. (TOTE) to study the costs and benefits of converting vessel to liquefied natural
Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017. The LNG Hybrid Barge, a floating energy plant, is designed to provide environmentally friendly power for ships in ports
Sinotrans Shipping, one of China’s largest shipping companies, is in negotiations to take part in a joint venture to commission the building of five Arctic LNG carriers, says the company's stock market announcement. The company said in a statement that it is in talks with
Cheniere Energy agrees to send 24 cargoes of liquefied natural gas (LNG), or 89T BTUs, from its Sabine Pass Terminal in Louisiana in 2017 and 2018 to French state-controlled power utility Electricite de France (EDF), its second deal in two months to ship the fuel to France after EDF
Construction of the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corporation’s liner services group is now 25 percent complete, the company announced.
China Merchants Energy Shipping, Sinotrans Shipping and Greek shipping firm Dynagas are in talks to form a joint venture to build five vessels to ship liquefied natural gas (LNG) from the Arctic, the firms said. China Merchants said in a stock exchange statement on Tuesday that its board had
The European Commission has approved under EU state aid rules Finland's plans to grant €23 million to construct a small scale LNG terminal at Pori on Finland's west coast. The European Commission has concluded that Finland's plans to grant €23 million of public funding for
The Hague-based global energy giant Royal Dutch Shell is planning to establish a floating liquefied natural gas (LNG) facility on the east coast of India at Kakinada in Andhra Pradesh. Shell already has a 5 million tonne LNG terminal at Hazira in Gujarat set up nearly a decade back
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has won a new order for a floating storage and regasification unit (FSRU) from the Korean shipbuilder Samsung Heavy Industries.
Wärtsilä informs it has signed a maintenance agreement with the GasLog LNG Services Limited that aims to ensure the reliability of operation of GasLog's seven LNG carriers, each having a cargo capacity of 155,000 cbm. According to Wärtsilä
U.S. dredging services provider Great Lakes Dredge & Dock Corporation announced it was awarded a contract for work on an export terminal under the development of Corpus Christi Liquefaction, LLC (CCL). CCL, a subsidiary of Cheniere Energy, Inc
LNG-powered M.V. Greenland, a dedicated cement carrier, will be launched on October 31 at Ferus Smit Westerbroek Yard in the Netherlands. The vessel will be one of the first ever dry cargo vessels with an LNG fuelled propulsion system
Qatar has retained the crown of the biggest exporters of natural gas and the biggest exporter of liquid gas or LNG in the world, reports The Peninsula. The country exported nearly 77 million tonnes (MT) of Liquefied Natural Gas (LNG) in 2014 which was approximately one-third of