Marubeni Corporation has signed the Sales and Purchase Agreement with SK Energy for the acquisition of 10% interest in the Peru LNG Project. The international project consortium for the project consists of Hunt Oil Company (50%) of the United States, SK Energy (20%) of Korea, Repsol YPF (20%) of Spain and Marubeni Corporation (10%) of Japan. This project, located on the west coast of Peru in the South America, has geographical advantage to supply competitive LNG products not only to the Latin America market and U.S. West Coast market but also to Asian Far East market as possible alternative destination. Natural gas feedstock will be supplied from Camisea gas field and processed at LNG Plant located at Pampa Melchorita area, south of Peruvian capital Lima. The Engineering, Procurement and Construction contract for the project was awarded to the Chicago Bridge & Iron Company and single train LNG plant with production capacity of 4.45 million metric tons per year is currently under construction. The LNG supply will commence in 2010 under the sale and purchase agreement with Repsol YPF. The total project cost is estimated at approximately $3.8b. Financing for the project is expected to be provided by a variety of sources, including the Inter-American Development Bank, Export-Import Bank of the United States, Export-Import Bank of Korea, SACE and IFC.
Because of damage in the area due to Hurricane Rita, the Federal Energy Regulatory Commission (FERC) is canceling its planned public comment meetings in Vinton, Louisiana and Port Arthur, Texas for the draft Environmental Impact Statement (EIS) for the Port Arthur LNG Project until further notice. The period for submittal of written comments, though, has been extended to December 16. 70 Fed. Reg. 57592 (HK Law)
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
MarAd has decided to issue a deepwater port license to SUEZ Energy North America's subsidiary, Neptune LNG LLC to build, own, and operate the Neptune offshore LNG delivery system in Massachusetts Bay. Neptune is the first offshore LNG project on the United States' East Coast to reach this milestone. The Neptune terminal will be based on the LNG Shuttle and Regasification Vessel System (SRV) developed by Höegh LNG.
Iranian Oil Minister Gholam Hossein Nozari said that the French oil company, Total, has voiced preparedness to make a $12b investment in Iran's Liquefied Natural Gas (LNG) project. Speaking to reporters on the sidelines of an international meeting dubbed 'Geopolitical Developments of Energy and the Role of Natural Gas' here in Tehran on Sunday, the minister noted Total's readiness for investments in Iran, and stressed that the US sanctions against Iran's oil sector have produced no effect
The Federal Energy Regulatory Commission (FERC) issued an official notice stating that the Final Environmental Impact Statement for the Broadwater liquefied natural gas (LNG) project that has been proposed for construction and operation in Long Island Sound has been prepared and is available to the public. The EIS concludes that such construction and operation, with the adoption of FERC and Coast Guard recommendations, would result in limited adverse environmental impacts.
Qatargas, Shell and PetroChina signed binding sales and purchase agreements that will lead to the long-term supply of liquefied natural gas (LNG) originating from The State of Qatar to the rapidly growing Chinese market. The agreements were signed in by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar, Jiang Jiemin, President of National Petroleum Corporation and Chairman of PetroChina Company Ltd and Ms
According to an April 18 report from the Georgian Daily Independent Voice, Azerbaijan, Georgia and Romanian are jointly launching a liquefied natural gas (LNG) project, designated as the Azerbaijan-Georgia-Romania Interconnector (AGRI). The three governments regard their project as an element in the EU-planned Southern Corridor for Caspian gas to Europe. AGRI envisages transporting Azerbaijani gas by pipeline to Georgia’s Black Sea coast, liquefying it there
United Shipbuilding Corporation may build four Arctic class LNG carriers for the Pechora LNG project in northern Russia. Developers of the project, Alltech's President Dmitry Bosov informed that preliminary agreements had been signed with Russia's United Shipbuilding Corporation for four ships with a deadweight tonnage of about 170,000 mt each, report Ria Novosti. The Pechora project includes development of the Kumzhinskoye and Korovinskoye fields in the Nenets Autonomous District
Jan De Nul Group announce important contracts in Indonesia, Russia and Australia, and new giant dredger due soon from builders. In Indonesia an offshore island will be reclaimed. These works are a part of a large scale reclamation development north of Jakarta, where a 260 ha island is developed for Kapuk Naga Indah and designed for housing and recreation. One of Jan De Nul Group’s jumbo trailing suction hopper dredgers will be deployed.
UK headquartered Phusion appointed as Data Management Contractor (DMC) for the INPEX-led Ichthys LNG Mega-Project. The six-year contract is worth £11.5 million (AUD17.6m). The deal extends Phusion’s growing portfolio in Australia where the company is already engaged on the giant
Yamal LNG, a J/V between Russia’s Novatek and France’s Total, granted permission to build a liquefied natural gas plant in the Russian Arctic. The joint venture, majority-owned by Novatek with an 80 percent stake, received a positive assessment from the State Expert Commission for the
The partners in Russia 's Yamal LNG project are in talks to ship cargoes to Britain & northwest Europe in winter, when heavy sea ice clogs routes to Asia. Under the plan, a fleet of around 14 LNG ice-breaking vessels will deliver Arctic gas from the project offshore northwest Siberia to
On May 17, 2013, Mitsubishi Heavy Industries Ltd. (MHI) will sign an agreement with Mitsui O.S.K. Lines Ltd. (MOL) to build a Sayaendo series new-generation liquefied natural gas (LNG) carrier. Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull
Esso Highlands Limited (EHL) operator of the PNG (Papua New Guinea) LNG Project report project capacity increased by 5%. The increase has been achieved through system-wide optimisations as well as some minor modifications. Progress is being achieved across all parts of the project.
Damen places 4 more orders with its Chinese partner yard, Nantong Yahua Shipbuilding. Damen Shipyards signed the contracts for two Damen Stan Pontoon type 4113, intended for the Australian market, in the presence of some 1,500 workers, suppliers & customer representatives
Intergraph® SmartPlant® Enterprise selected by operator, Inpex, to manage information for mega-project, Ichthys LNG. Inpex has implemented SmartPlant Enterprise solutions for the Ichthys LNG Project, including SmartPlant Enterprise for Owner Operators (SPO) as its information management
Aker Solutions contracted by a subsidiary of McDermott for the delivery of subsea tie-in connectors to the Australian Ichthys LNG Project. The scope of work in the contract, valued at NOK 500-million, includes the delivery of 6"-18" horizontal and vertical diverless tie-in connectors
Trelleborg Marine Systems, part of Trelleborg business area Offshore and Construction, has announced the acquisition of Sea Systems Technology Ltd. (SeaTechnik), a firm engaged in the design and manufacture of systems for safeguarding the transfer of LNG between liquefied natural gas (LNG)
Sovcomflot’s new state-of-the-art LNG carrier 'Velikiy Novgorod' launched from STX Offshore & Shipbuilding shipyard. The Velikiy Novgorod was ordered by OAO Sovcomflot for operations under a long-term agreement with Gazprom Global LNG (part of Gazprom) as the first of two vessels
General Dynamics NASSCO, contract with Totem Ocean Trailer Express (TOTE) to design the conversion of two Orca-Class trailerships. The contract is to design the conversion of the company’s two existing Orca Class, diesel-electric trailerships to liquefied natural gas (LNG) propulsion
US Department of Energy grants Pangea LNG Project permission to export LNG from its South Texas LNG Project, Corpus Christi Bay. The U.S. Department of Energy has granted Pangea long-term, multi-contract authorization to export liquefied natural gas (LNG) to free trade agreement (FTA) nations.
Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East, and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries - Keppel FELS Brasil S.A. (Keppel FELS Brasil) and Keppel Shipyard Ltd (Keppel Shipyard) - have secured two contracts worth S$200 million from repeat customers. Keppel FELS Brasil's contract is with MODEC and Toyo Offshore
Decmil Group wins $25-million Shell Australia contract in support of the Prelude Floating LNG facility in the Northern Territory. Decmil has been engaged by Shell as the principal contractor for construction of the Darwin Onshore Supply Base to support the Prelude Floating LNG Facility