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Lng Production

Iran to Join LNG Club

Photo: National Iranian Oil Company

 Iran is projected to officially join the LNG Exporters Club in the next two years, managing Director of National Iranian Oil Company Rokneddin Javadi was quoted as saying by Mehr News Agency.   Establishing new LNG production units instead of constructing pipeline tops Iran's agenda for transferring gas to Europe, since economic calculations reveal LNG production is more economically efficient give the market's current state, he said.   Currently, natural gas transmission through pipelines for a distance over 2500 km is not technically or economically profitable, Rokneddin said.   Emphasizing that the setting up of LNG production in the country is affected by technology and investment, Rokneddin noted “accordingly, we have begun negotiations with countries possessing technology of gas liquefaction and production of LNG units .”   Meanwhile, three foreign companies are reportedly keen to purchase an Iran LNG Company plant to complete it.   A Chinese, an Arabian and a European company are keen to acquire an Iran LNG plant to complete it, accodring to a source, who said that Iran LNG plant needs "significant investment and it will take two years to complete".   This plant’s capacity is projected to be 10.5 million metric tons per year of LNG production, earning the country more than $7 billion annually.  


NLNG Buys Two Gas Vessels

Nigeria Liquefied Natural Gas (NLNG) purchased two vessels owned by Duke Energy to transport gas from the Bonny LNG plant. The company said it had long-term chartered the ships in 1995 for 22.5 years with provisions for an extension or outright purchase within the period 2001 and 2006. The company is exercising the right to buy the vessels outright one year ahead of schedule. The $3.8 billion Bonny plant in southeast Nigeria began LNG production in October.


Qatargas Set for Expansion

Qatargas expanded its LNG production capabilities with the groundbreaking of Qatargas 3 (QG3) and Qatargas 4 (QG4) at Ras Laffan. Both QG3 and QG4 will each have a capacity of 7.8mn tons a year. QG3 is an integrated project jointly owned by Qatar Petroleum (68.5%), ConocoPhillips (30%) and Mitsui (1.5%) and will comprise upstream gas production facilities with a capacity to produce 1.4bn cu ft of natural gas a day and will include an average 70,000 barrels of LPG per day and condensate


Gazprom & Shell Agree Roadmap for Sakhalin ll LNG Project

LNG plant in Sakhalin: Image courtesy Gazprom

Gazprom inform that Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell, met in Sochi and signed a document that that envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. “The global LNG market is booming – primarily in Asian countries. Novel LNG production capacities are the key to achieving a strong position


First LNG Cargo Loaded from Exxon PNG Project

LNG carrier Spirit of Hela, which is jointly owned by MOL and Itochu Corporation, has left Papua New Guinea carrying the first LNG cargo from the ExxonMobil-led PNG LNG Project, Mitsui O.S.K. Lines, Ltd. announced. The PNG LNG Project is Papua New Guinea’s first ever LNG project, and it will provide long-term supply of gas to customers in Japan and other countries. The vessel loaded LNG at the Project’s Marine Terminal, which is located near Port Moresby


Total Signs Deal to Supply LNG to China's ENN

Image: ENN Energy

 Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website.   The deal is for 0.5 million metric tons of LNG per year for a period of 10 years and will be delivered from the company's facilities. Total didn't specify which projects if would source the product from but it has offtake from Australia's Ichthys project, geographically close to China.  


Shell to Decide on Iran's Persian LNG Project in 2007

Royal Dutch Shell PLC is to decide in 2007 whether to invest in Iran's Persian LNG project, its chief executive said on May 4. Speaking at a press conference, Jeroen van der Veer said "we are aware of the short-term developments," referring to international tensions surrounding the country's nuclear program. But he added "we intend to make a decision in the year 2007." In 2004, the National Iranian Oil Co. signed a framework deal in 2004 with Shell and Repsol YPF SA to form the Persian LNG


LNG FPSO Ordered

Höegh LNG go for LNG FPSO; teaming up with Aker Yards and ABB Lummus Global Höegh LNG announced that it has entered into agreements with major contractors and formally started the engineering and design for its first LNG FPSO Unit (Floating Production Storage and Offloading), with the objective to design and construct the worlds’ first LNG FPSO. “Our strategy is to develop Höegh LNG’s business model from pure LNG transportation into offering also solutions for LNG production and


Woodside Begins Construction of Pluto LNG Project

Woodside Petroleum has begun construction of the Pluto liquefied natural gas project. The first phase of the Pluto project will include a single liquefied natural gas (LNG) production train with forecast production of 4.3 million tons per annum (mtpa) (4.8 mtpa at 100% capacity) connected by a 180km, 36-inch offshore pipeline to a platform in 85 meters of water. Site preparation has been underway since January 2007


GTT Wins CWC LNG Technological Innovation Award

The Award was presented by Mr. Brian Haggerty of Woodside energy Ltd. to Philippe Berterottière, GTT Chairman and CEO, who declared, “We are honored by this award which recompenses all the talents and efforts of the GTT innovation and technical teams, not only recently but also during the last fifty years.”

On the occasion of the World LNG Summit held in Paris on November 18-21, 2013, GTT was awarded the LNG Technological Innovation Award 2013 by CWC for its work on the development of its membrane containment systems to reduce the daily Boil-Off in LNG Carrier tanks. The LNG Technological award rewards an active member of the LNG industry, a company that has made a positive commercial or technical contribution to the LNG production


Chevron Mulls LNG Supplies to China

Image: Chevron Australia

 Energy giant Chevron has signed a preliminary agreement with China's ENN LNG Trading company to supply liquefied natural gas (LNG) from its $54 billion Gorgon LNG project in Western Australia.   Chevron plans to supply a unit of ENN Energy Holdings Ltd


Indonesia to Open Mini LNG Terminal in March

Image Courtesy: Antara Foto

 Indonesia's first mini liquefied natural gas (LNG) terminal, considered an ideal concept for a gas terminal an archipelago, is set to start operations in March, supplying 40 million standard cubic feet per day (mmscfd) of gas to Bali’s Pesanggaran power plant.  


Golar LNG Teams Up with Schlumberger

Golar Spirit, the worlds first FSRU. Pic: Golar LNG

 Golar LNG has signed a Memorandum of Understanding with Schlumberger to co-operate on the global development of greenfield, brownfield and stranded gas reserves.    Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners


India to Import LNG from Australia

Piyush Goyal. Photo: Official Facebook Page of Piyush Goyal

 India may contract long-term supplies of liquefied natural gas (LNG) from Australia if price is comparable to Indian coal which remains the fuel of choice for power generation companies in New Delhi.    Power Minister Piyush Goyal


P&O Maritime Rebranded Repasa

Vessels from the Repasa fleet in action. Courtesy DP World

  P&O Maritime has announced the rebranding of its joint venture company Repasa, the Spanish operator of offshore support vessels for the energy industry.   P&O Repasa will become the official brand of the joint venture which has expanded its fleet in the offshore towage


Teekay Awards Contracts for LNG Imports Complex

Possible Fleet of LNG MEGI Newbuildings. Image by Teekay LNG Partners

 A consortium composed of Teekay LNG Partners L.P., Samsung C&T (Samsung) and Gulf Investment Corporation (GIC) executed today with the Government of the Kingdom of Bahrain the project agreements for the development of an LNG receiving and regasification terminal in Bahrain. 


Asian LNG Glut Deepens as Demand Falters

Demand in Japan, South Korea and China stalls; demand from new importers not enough to meet soaring supplies. Asia's liquefied natural gas (LNG) glut is set to deepen in 2016 as long-planned new production comes to the market just as demand from top buyers Japan and South Korea as well as China


Kelvion Awarded for Collaboration with Technip, Wieland

Emmanuel Renevot, President of Kelvion (GEA Batignolles Technologies Thermiques), with Barbara Shussler (Marketing Manager for Wieland) and Brigitte Ploix (Deputy Vice President for Process and Technologies at Technip), receiving the Innovation award (photo: © Tonje Thoresen)

Kelvion, formerly GEA Batignolles Technologies, was recognize with a 2015 French-German Economy Award, presented in the beginning of December at a ceremony held in the Pavilion Gabriel on the Champs-Élysées to six winners for their French-German collaboration in activities involving


BG, Energy Transfer get Nod for Lake Charles LNG

BG Group and Energy Transfer Partners have gained approval from the U.S. energy regulator for their liquefied natural gas (LNG) production and export plant in Lake Charles, Louisiana, the companies said. The go-ahead is a key milestone for the project, one of an array of planned U.S


Keppel Wins $88.5M in Floating Production Contracts

Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million.   In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard)


Cheniere Begins Production At Louisiana LNG Terminal

Construction at Cheniere Energy Inc.’s LNG terminal in Sabine Pass, Louisiana, in Dec. 2013. Source: Cheniere Energy

 Houston-based Cheniere Energy Inc has began production at what will become the first U.S. terminal to export natural gas from shale formations.    It has officially flipped the switch at its liquified natural gas (LNG) export terminal in Louisiana


Sinopec Demurrage Mounts on LNG Delivery Delay

Sinopec's LNG tanker floats off Gladstone for more than 2 weeks; demurrage costs climb to more than $500,000.   The Australia Pacific LNG (APLNG) project has delayed its first commercial cargo, racking up costs for China's Sinopec Corp which has had a tanker waiting to load for more than


First LNG Bunkering Operation for TOTE in Jacksonville

LNG Bunkering underway in the port of Jacksnonville, FL (image: TOTE Maritime)

TOTE Maritime Puerto Rico Successfully Performs First LNG Bunkering at Jacksonville Port. On Saturday, January 9, 2016, TOTE Maritime Puerto Rico successfully loaded LNG bunkers aboard the world’s first LNG powered containership, MV Isla Bella


U.S. LNG Seen Destined for Europe

Image: Kawasaki Shipbuilding Corporation

 According to Wood Mackenzie Ltd, Europe is set to be the key destination for liquefied natural gas supplies from the U.S. after prices fell in Asia, the world’s biggest consumer of the fuel says a report in Bloomberg.   The U.S


Chevron and ENN Sign Gorgon LNG Agreement

The Asia Vision is one of Chevrons new liquefied natural gas (LNG) carriers constructed to support the companys growing LNG operations. (Photo: Business Wire)

Agreement to supply 0.5 million metric tons annually for 10 years from the Gorgon Project   Chevron Corporation announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas






 
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