Marine link
 

Lng Exports

Japan Needs U.S. LNG, But Quickly ...

Japanese trade minister Toshimitsu Motegi calls for early U.S. approval for exports to his country of liquefied natural gas (LNG). The Japanese minister made his request at a meeting with Acting Energy Secretary Daniel Poneman, stating that securing a relatively cheap energy source is crucial for Japan, reports the 'Wall Street Journal' citing Kyodo news. Mr. Poneman told Mr. Motegi at a recent press conference that he fully recognized that U.S. LNG exports are an urgent issue for Tokyo and that the Energy Department will examine each project in line with U.S. law in a responsible manner. In a think tank forum in Washington earlier in the day, the minister of economy, trade and industry also emphasized the merits of allowing U.S. LNG exports to Japan and other economies. Source: Wall Street Journal, Market Watch  


Iran to Export LNG by 2011

Iran has signed a memorandum of understanding (MOU) to export natural gas to Italy, to be implemented by 2011, says an IranMania report. Iran will also export gas to China by the end of the current year. China’s oil giant Sinopec Group signed a $70 billion oil field development and LNG agreement with Iran earlier this fall, according to the report. Iran will attain an annual LNG export of 36 million tons, worth $6 billion, by 2015. Source: IranMania


Kitimat LNG Partners to Purchase Pacific Trail Pipelines Interest

Kitimat LNG partners Apache Canada Ltd. (Apache Canada) and EOG Resources Canada Inc. (EOG Canada) announced that they have agreed to purchase the 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTPLP) they do not own from Pacific Northern Gas Ltd. (PNG) for $50m. Apache Canada and EOG Canada will pay PNG $30m on closing – expected by the end of February – and a second payment of $20m when the purchasers decide to proceed with construction of the Kitimat


GofM Energy Hub: LNG Exports to India Planned

Principals Sign the Agreement: Photo credit United LNG

United LNG, LP and Petronet LNG Limited, India's largest LNG importer, agree to supply LNG from the Main Pass Energy Hub™ project in the Gulf of Mexico. The (conditional) agreement was signed by Petronet LNG Managing Director & CEO, Dr. A.K. Balyan and Stephen Payne, Chairman & General Partner of United LNG, of the United States, at the LNG 17 Conference held in Houston, Texas. The parties said they would continue working toward a final Sales Purchase Agreement to conclude the


Braemar Secures World’s Largest FLNG Project

Sheila McLain, Vice President of Business Development for Braemar in Houston

Braemar Engineering, the marine and LNG technical consultancy arm of the Braemar Shipping Services PLC group, announced it has been appointed as Owner’s Engineers for United LNG, LP in the world’s largest floating LNG production project. The project, situated offshore near Venice, Louisiana in the Gulf of Mexico, will be the world’s largest floating LNG export project, with three floating liquefaction units projected to export up to 24 million metric tons per annum (MTPA)


US House Passes Bill to Pressure Regulators on LNG Exports

The U.S. House of Representatives passed a bill on Wednesday to speed permits for exports of natural gas, a measure that even if passed by the Senate and signed into law by President Barack Obama, is not expected to help bring much new fuel to global markets.   Lawmakers voted 277 to 133 to approve the bill, sponsored by Republican Bill Johnson of Ohio, that would force the U.S. Department of Energy (DOE) to decide within 30 days on applications to export liquefied natural gas, or LNG.


Russian, American Gas Giants Discuss Shtokman, LNG exports to U.S.

The chief executives of Russian natural gas monopoly Gazprom and U.S. energy giant ConocoPhillips met recently to discuss prospects for the development of the Shtokman gas field and the supply of Russian liquefied natural gas (LNG) to markets in North America, according to an RIA Novosti report. The meeting was held as part of consultations with companies interested in being involved in the first leg of the Shtokman project


FMC Commissioner Gives Keynote on Panama Canal

Commissioner Doyle: Photo in public domain

Commissioner William P. Doyle of the Federal Maritime Commission, has given the keynote address at the Eno Center for Transportation Forum on the Panama Canal entitled: Lessons Learned and Implications for World Commerce.  His comments on the future of the canal's LNG trade are also extracted below. Commissioner Doyle noted that the Obama Administration, members of Congress and state and local officials support the tremendous economic, business, job-supporting


Growing American Shipping Act Gaining Support

Legislation promotes revitalization of maritime industry through export of liquefied natural gas on U.S. flagged ships Chairman Duncan Hunter (R-Calif.) and Ranking Member John Garamendi (D-Calif.) held a hearing Wednesday that brought together the House Committee on Transportation and Infrastructure’s Subcommittee on the Coast Guard and Maritime Transportation to address “The status of the Merchant Marine”. The hearing focused attention on H.R


BG Group wins EXXON LNG Cargo

ExxonMobil's Papua New Guinea liquefied natural gas (LNG) export project has awarded a November cargo to BG Group as part of a two-cargo tender that closed this week, two traders said. The tender award has not been officially announced yet, and it remains unclear which company won the second cargo, if any. Demand for LNG has weakened considerably in recent weeks as a short-lived rebound in the price of spot supply lost momentum


Grounded LNG Tanker to be Lightered

A fully loaded liquefied natural gas (LNG) tanker grounded off Nigeria last week may siphon its cargo to another ship after tugs failed to pull it free, owner Teekay LNG Partners said on Tuesday. The Magellan Spirit tanker, carrying a full load of 165,000 cubic metres


Grounded Tanker May Siphon LNG to Break Free

A fully loaded liquefied natural gas (LNG) tanker grounded off Nigeria last week may siphon its cargo to another ship after tugs failed to pull it free, owner Teekay LNG Partners said on Tuesday.   The Magellan Spirit tanker, carrying a full load of 165,000 cubic metres


US Patent for OSMR Technology

Maurice Brand is the founder, Managing Director and Chief Executive Officer of Liquefied Natural Gas

  Liquefied     Natural     Gas     Limited    informed    that    the    United    States    Patent    and   


India to Talk Sanctions, LNG Imports During Obama Visit

India will use an upcoming visit by Barack Obama to press the United States to remove Indian oil companies from a list naming firms doing business in Iran, and to seek priority access to U.S. LNG exports, sources in the Oil Ministry said.  


Senate Panel Ponders Expedited LNG Export Reviews

Senator John Hoeven

U.S. lawmakers on the Senate Energy Committee will vote on a bill this week aimed at speeding up the Department of Energy's review of liquefied natural gas export applications. The panel will weigh a bill introduced by Senator John Hoeven, Republican of North Dakota


US Gives Final Approvals to Freeport for LNG Exports

Proposed liquefaction facilities (Image courtesy of Freeport LNG)

The U.S. Department of Energy gave two final approvals on Friday to Freeport LNG Development LP to export liquefied natural gas, or LNG, from its project in Texas to any country. The planned project in Quintana Island, Texas, would have the capacity to export up to 1


NWS Approve Persephone Project

  Woodside, as Operator of the North West Shelf (NWS) Project, advises that the NWS Project participants have approved the Persephone Project off the north-west coast of Australia. The Persephone Project is the third major gas development for the NWS Project in the past six years


Future LNG Exports to Impact Traffic, Tug Requirements

Sabine Pass Tugs 2.jpg

Workboat requirements will soar as heightened safety requirements for LNG transit demand tighter oversight. The Louisiana Gulf is gearing up to export liquefied natural gas from Sabine Pass and Lake Charles in the state’s southwest and Plaquemines Parish in the southeast


Braemar Named Engineers for Brownsville LNG Project

Sheila McClain (Photo: Braemar)

Braemar Engineering, the marine and LNG technical consultancy arm of the Braemar Shipping Services PLC group, has been appointed as Owner’s Engineers by Texas LNG Brownsville LLC (Texas LNG) for the proposed Brownsville LNG project.  


USCG Addresses Future of Marine Fuels

The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise   The Pacific Merchant Shipping Association hosted The Future of Marine Fuels: Emission Control Area and Liquefied Natural Gas Conference in San Pedro, California on December 4, 2014. Representing the U.S


Cheniere to Sell LNG from Corpus Christi to Portugal

Logo

  Cheniere Energy, Inc announced today that its subsidiary, Corpus Christi Liquefaction, LLC  has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with EDP Energias de Portugal S.A


Oil Price Crash Claims First US LNG Project Casualty

Excelerate Energy's Texan liquefied natural gas terminal plan has become the first victim of an oil price slump threatening the economics of U.S. LNG export projects.   A halving in the oil price since June has upended assumptions by developers that cheap U.S


Global LNG Prices Hold Steady in Weak Trade

Asian spot liquefied natural gas (LNG) prices were little changed on Friday as mild demand and the extended holiday period kept a lid on trading activity.   The spot price for February was steady at about $10.10 per million British thermal units (mmBtu), in line with the previous week


Africa to Roll out Three Floating LNG Projects

Golar LNG

 Africa has planned three floating LNG export proj­ects - Cameroon, Equatorial Guinea and Mo­zambique.   According to local media reports, the African nations are launching LNG projects - three such planned projects in Nige­ria; two planned LNG projects in Equatorial


ExxonMobil to Invest $25b in Canadian LNG Export

WCC LNG, British Columbia (Image: Exxon)

U.S. energy giant Exxon Mobil Corp could spend up to $25 billion on a British Columbia LNG terminal project to export liquefied natural gas.   Exxon counts on its global expertise to make the Canadian project viable, says a report in the Globe and Mail






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright