Texas LNG LLC today announced that it has received authorization from the U.S. Department of Energy (DOE) to export domestically produced LNG to all existing, and any future, countries that have, or enter into, an FTA with the Government of the United States. DOE approval of FTA exports is an important component of the regulatory process necessary to develop Texas LNG's project on its 110 plus acre site with deepwater frontage to the Port of Brownsville shipping channel in Brownsville, Texas, USA. Under the DOE's order, Texas LNG has received authority to export on its own behalf and as agent for others, up to the equivalent of 100 Bcf/y (approximately 2 MTA) of domestically produced LNG. The authorization is for a term of 25 years, commencing on the earlier of the date of first export or 10 years from the date the authorization is issued. Vivek Chandra, CEO of Texas LNG remarked, “Receipt of DOE FTA approval is a key regulatory milestone for the Texas LNG project. We thank the DOE for their analysis and approval of our application and look forward to receipt of non-FTA approvals in the near future. LNG exports will play an important role in the continued development of the US gas industry and our Texas LNG project will provide valuable employment and other economic benefits to Brownsville and the Rio Grande Valley region.”
The Alaska LNG project marks another significant milestone with today’s announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to export liquefied natural gas to non-Free Trade Agreement countries. The application to export up to 20 million metric tons per year of liquefied natural gas from Alaska for a 30-year period was submitted to the U.S. Department of Energy last July
Newbridge Capital LLC, one of Asia's largest private equity funds, has signed an agreement to invest up to $200m in Xinjiang Guanghui's Liquefied Natural Gas project in China's northwestern Xinjiang region, an official with the Xinjiang Guanghui Group told XFN-Asia. Under the agreement, Newbridge Capital will initially invest $33.8m for a 24.99 pct stake in Xinjiang Guanghui LNG project and has the option to increase its share in the project to as much as 67 pct with an additional
The Federal Energy Regulatory Commission (FERC) issued a Notice stating that a draft environmental impact statement has been prepared for the Calhoun LNG project. The project proposes construction and operation of a liquefied natural gas (LNG) import terminal at Point Comfort, Texas. Source: HK Law
Woodside Petroleum Ltd said costs for the planned phase five expansion of its North-West Gas liquefied natural gas project are estimated to have risen by 21 pct to 2.42 bln aud because of higher labor charges. The company, 34 % owned by the Royal Dutch Shell group, said the spike in costs is largely due to a sharp rise, internationally, in labor charges in the construction industry. Woodside operates the project and is a one sixth owner alongside Royal Dutch Shell.
Adani Group has offered 49% stake in its Rs. 5,000-crore ($750 million) Dhamra liquefied natural gas (LNG) project in Odisha to the state-owned oil and gas companies GAIL India and Indian Oil Corporation (IOC), according to a PTI report. The company has written to the state-owned firms offering them 49% stake in the 5 million tonnes a year liquefied natural gas (LNG) import terminal planned at Dhamra.
In response to press reports claiming delays, Nigeria Liquefied Natural Gas announced that its $5.7 billion LNG project is on schedule and is capable of fulfilling its contractual obligations, according to an AFX News report. NLNG has also taken measures to head off potential problems in the market, including a possible shortage in gas supply in 2006. The LNG project will supply much of the natural gas needs of Europe and the US in the coming decade. Source: AFX News
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.
Mitsui O.S.K Lines Limited (MOL) has taken delivery of the LNG carrier Papua built by Hudong-Zhonghua Shipbuilding Company. The Papua is the first in a series of four vessels to provide LNG transportation for the PNG LNG project in Papua New Guinea and the Gorgon LNG project in Australia. MOL will operate the Papua ship under a long-term charter for the PNG LNG project, which is operated by ExxonMobil.
Liquefied Natural Gas Limited announced the placement of 40 million fully paid ordinary shares in the capital of LNGL, which has raised A$174 million before costs (Placement). Use of Proceeds The proceeds of the Placement will be used towards: Commencement of an Early Works program at the proposed 8 mtpa Magnolia LNG (MLNG) project following receipt of the timeline established in the Federal Energy Regulatory Commission (FERC) Schedule of Environmental
NextDecade LLC has signed lease agreements with the State of Texas and City of Texas City for a close to 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar liquefied natural gas (LNG) export facility.
In recent decades, trade between the Australia and China have made an increasingly significant contribution to growth in global seaborne trade, and the signing of the China-Australia Free Trade Agreement in 2015 is driving further co-operation, says a report by Clarkson Research Services.
Russia's largest private gas producer Novatek has no need to increase borrowing as it has sufficient funds for investments into its Yamal LNG project, the company's management said on Wednesday. At a conference call with analysts, Novatek's chief executive Leonid Mikhelson said his company has
The Japanese shipping company Mitsui O.S.K. Lines, Ltd (MOL) will restructure its organization effective April 1, says a press statement from the company. MOL is establishing the Product Transport Business Unit, under which much of the carrier and port divisions will reside
Chevron Corporation today announced a $19.8 billion capital and exploratory investment program for 2017. Included in the 2017 program are $4.7 billion of planned affiliate expenditures. "Our spending for 2017 targets shorter-cycle time
Japan's JERA Co, the world's biggest importer of liquefied natural gas (LNG), on Thursday said it made its first-ever purchase of LNG from the lower 48 U.S. states, as part of its goal to diversify supplies. JERA, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power
A Joint Venture comprising The Shipping Corporation of India Ltd. (SCI), Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and Petronet LNG Ltd (PLL), have taken delivery of a new build Liquefied Natural Gas (LNG) carrier MT
NYK and Kansai Electric Power Co., Inc. (KEPCO) have agreed to joint ownership of a liquefied natural gas (LNG) carrier through a vessel-owner company shared by the two companies: NYK 30 percent, KEPCO 70 percent. The vessel is being built at the Sakaide shipyard of Kawasaki Heavy
NYK, the Mitsubishi Corporation (MC), Toho LNG Shipping Co., Ltd. (Toho LNG Shipping), and Tohoku Electric Power Co., Inc. (Tohoku Electric Power) will participate in the joint ownership of a new liquefied natural gas (LNG) vessel for the Cameron LNG project in the U.S
Mitsui O.S.K. Lines, Ltd. today announced that the LNG carrier CESI Qingdao — ordered by a joint venture of MOL, China COSCO Shipping Corporation Limited and China Petroleum & Chemical Corporation (SINOPEC) — was delivered at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd
Mitsui O.S.K. Lines (MOL) has announced that the LNG carrier CESI Qingdao - ordered by a joint venture of MOL, China COSCO Shipping Corporation Limited (China COSCO Shipping) and China Petroleum & Chemical Corporation (SINOPEC) - was delivered at Hudong-Zhonghua Shipbuilding (Group) Co
Tata Realty and Infrastructure Ltd (TRIL) is taking 10 percent stake in a Rs. 5,900 crore ($867 mln) floating LNG import terminal being set up by Nikhil Merchant led Swan Energy in Gujarat. This will be the first investment by Tata Group in gas business
Australia's plans for a huge increase in its production of liquefied natural gas are being dealt a big blow by a series of production delays, as energy companies struggle with technical problems and cost overruns. The country is still likely to become the world's biggest LNG exporter
Christophe de Margerie, the world’s 1st top category ice-class LNG carrier, docked at Zeebrugge LNG terminal January 20, 2017, for a series of scheduled operations. Christophe de Margerie will be delivered to Sovcomflot on 31 January, says Seafarers’ Union of Russia (SUR)
Asian spot LNG prices extended losses this week as oversupplied Japanese utilities sought to offload cargoes and as key European gas benchmarks softened. Asian prices for LNG delivery in March fell 25 cents to about $7.75 per million British thermal units (mmBtu), traders said