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Lng Project

Marubeni to Participate in Peru LNG Project

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.


Port Arthur LNG Project Meetings Ccancelled

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)


FERC – Broadwater LNG Project

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.


New Vladivostok LNG Terminal Project on Track

Rendering courtesy of Gazprom

At a recent meeting of Gazprom's Management Committee, Chairman Alexey Miller noted that the project was progressing rapidly and on schedule – the first train of an LNG plant will be commissioned in 2018. Gazprom explains that it aims to speed up new LNG projects in order to increase their share in the global gas market. Vladivostok-LNG is one of such projects.


Neptune LNG Project Secures Deep Water Port License

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.


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


Total to Invest in Iran's LNG Project

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


First Ever LNG Project in the Black Sea

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


Dredging Contracts: Dutch Operator Shows Global Reach

Dredger Joseph Plateau’: Image credit Jan De Nul

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.


Alaska LNG Project Chooses Terminal Location

Kenai Peninsular Photo CCL

ExxonMobil , BP, ConocoPhillips and TransCanada have selected a site in the Nikiski area on the Kenai Peninsula as the lead site for the proposed Alaska LNG project’s natural gas liquefaction plant and terminal. The consortium states that more than 20 locations were evaluated based on conditions related to the environment, socioeconomics, cost, and other project and technical issues. “This is a step forward for the Alaska LNG project and shows continued progress toward building


OAO Sovcomflot’s 9M/Q3 2014 Results

  OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014.   Nine months 2014 – Financial Highlights (IFRS accounts) USD


Wärtsilä Dual-Fuel Solution for Icebreaking LNG Carriers

Depiction courtesy Wartsila

The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia.  


Bear Head LNG Plans Initial Phase of 8 MTPA

Aerial View of the Bear Head LNG Project Site, Nova Scotia, Canada

Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction and environmental permits granted by the Nova Scotia Utility and Review Board and Nova Scotia Environment.


LNGL Extends Gladstone Lease

	 Mr Fletcher Maurice Brand

Highlights * Gladstone Ports Corporation has extended LNGL’s Fisherman’s Landing LNG Project (FLLNG) site Agreement for Lease until 31 March 2016, with an option for another year * LNGL has signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum


Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts. The 26 percent price slide since June to $85 a barrel exposes cracks in


Singapore’s MPA Discuss LNG Bunkering

LNG Bunkering

  The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG) bunkering focus group discussion on 14 and 17 October, held in conjunction with the Singapore International Bunkering Conference


DNV GL Forms Americas LNG Solutions Group

Bjørn-Harald Bangstein

To meet the rapidly growing demand for a wide variety of LNG related services, DNV GL has established a group of LNG experts in North America. In addition to deep LNG expertise, the Houston-based “LNG Solutions Group - Americas” is also experienced in all business


McDermott Engineers Created the World’s Largest Specialty Valves

Wojciech Zmudzinski, Chief Pipeline Engineer for McDermott (right) with an INPEX Ichthys Project representative during a valve manufacturing inspection at a factory in Italy.

 After nearly two years of planning and development McDermott's team has achieved a first of a kind in the valve industry; creating the world’s largest forged body specialty valve, in collaboration with a valve manufacturer. The valves are destined for the INPEX-operated Ichthys LNG


Two-month Global LNG Rally Ends, Weak Oil Tempts Buyers

Asian spot liquefied natural gas prices ended their 2-month rally this week, interrupted by weak demand in Japan and South Korea as falling crude oil prices push importers to turn to oil-linked long-term LNG supplies. Spot LNG prices for November delivery lost ground to $14


Yamal LNG: Steel Cut for First Arctic Gas Carrier

Construction of an Arctic gas carrier for OAO Sovcomflot has begun under the survey of Russian Maritime Register of Shipping (RS).The ship is being built as part of Yamal LNG, a major Russian liquefied natural gas (LNG) project being implemented in the Arctic.


Steel Cut for Yamal LNG Project’s Lead Tanker

SCF Yamalmax mock up (image courtesy of SCF Group)

A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project. The prototype vessel will be operated under a long-term time charter between OAO Sovcomflot and JSC Yamal LNG.


Mitsui Procuring 8 LNG Vessels

Ships to be used for the delivery of LNG mainly to its customers in Japan from the Cameron LNG Export Project in the U.S

  President and CEO, Masami Iijima of Mitsui & Co., Ltd. informed that the compnay is currently proceeding with the procurement of eight LNG ships intended to be used for the delivery of LNG mainly to its customers in Japan from the Cameron LNG Export Project in the U.S.A.


Hydro Deck Delivers Ichthys LNG Project Modules

Hydro Deck in action: Photo courtesy of AG&P ALE Ventures

AG&P ALE Ventures Pty Ltd., an Australian-based consortium says it has successfully deployed its proprietary mobile port solution, the Hydro Deck, to deliver the first modules to the Northern Territory’s largest-ever construction project, the INPEX-operated Ichthys LNG Project


Russian Class & Arctic Operations

LNGC Velikiy Novgorod under construction.

When it comes to Arctic operations, the Russians arguably have more hands-on experience and investment than any other nation. With that in mind, Maritime Reporter spoke recently with Georgiy Bedrik, Head of the RS Business Development Division, for his input on RS and matters of the Arctic


BP, Pavilion Ink Long-Term LNG Deals

Pavilion to buy 0.4 mln tpy LNG from BP for 20 years. Aims to become a global LNG firm in medium to long term. Working with SGX, regional govts on LNG price marker. Singapore's Pavilion Energy said it had signed two long-term contracts to buy liquefied natural gas (LNG) for trading and supply






 
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