Yamal Lng

Arctic LNG Plant Project Gets Green Light

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 project and permission to build the LNG plant at the port of Sabetta on the Yamal Peninsula, reports Ria Novosti. The Yamal LNG project envisages building the plant in two stages with a capacity of 15 million tons each. A final investment decision on the project has not yet been taken. The project also stipulates the establishment of a seaport at Sabetta and the construction of an ice-class tanker fleet. The first LNG shipment by tankers from the port is scheduled for 2016. Source: Ria Novosti  

Total to Buy $4B Stake in Novatek, Join Arctic LNG Project

According to a March 3 report from Bloomberg, Total SA (FP), Europe’s third-biggest oil company, agreed to buy 12% of OAO Novatek and join the Yamal LNG project to snap up reserves as international energy producers rush to explore Russia’s Arctic resources.   (Source: Bloomberg)  

MEBA Signs LNG Crewing Agreement with Excelerate Energy

The Marine Engineers' Beneficial Association (MEBA) has signed a Memorandum of Understanding with innovative LNG importer Excelerate Energy to utilize U.S.- citizen deck and engineering officers onboard Excelerate's liquefied natural gas (LNG) carriers. The issue of Americans onboard LNG vessels has been the focus of congressional and administrative oversight over the last few years. The House Homeland Security Committee scheduled a hearing on March 21st to

FERC Approves New LNG Terminal

The Federal Energy Regulatory Commission approved several new natural gas projects, including the construction of a new marine terminal for liquefied natural gas (LNG) and expansion of a previously approved LNG project that will increase and enhance the energy infrastructure in the Gulf Coast region of the United States. The Commission approved a proposal by Corpus Christi LNG, L.P. and Cheniere Corpus Christi Pipeline Company to construct and operate a new LNG terminal and related pipeline

Enron Close To Deal For Venezuelan LNG Plant

Venezuelan state oil company Petroleos de Venezuela (PDVSA) is reportedly preparing to sign an agreement with Enron to build the country's first liquefied natural gas (LNG) export plant. Located in the eastern oil port of Jose, the facility will have an annual capacity of 2.1 million tons of LNG and should start operation in 2004, PDVSA said in a statement. It will be the first LNG plant to be built in gas-rich Venezuela which -- despite having the largest gas reserves in the western

ABS Prepares For Anticipated LNG Growth

With the global LNG (liquefied natural gas) market forecast to double in size over the next decade, industry is readying to provide ample liquefaction capacity to meet demand. In the United States alone, LNG imports reached 4.9 million tons in 2000, about 5 percent of the global LNG trade, and up from 3.4 million tons in 1999. Drivers for the rapid LNG growth include continued demand for a cleaner-burning fuel and the need to bring "stranded" gas from deepwater and remote areas to market

LNG Ship Sails off Shipyard

According to Xinhua, China's first liquefied natural gas(LNG) ship sailed off shipyard Wednesday in Shanghai, marking China's shipbuilding industry stepping into a new era. Sources from the China State Shipbuilding Corp (CSSC) said the LNG ship was built by CSSC's Shanghai subsidiary, the Hudong-Zhonghua shipbuilding (Group) Co Ltd, which fills a blank in China's shipbuilding history. The LNG ship is regarded a high-tech product with high-added value in the shipbuilding industry

ABS Provides Approval In Principle To Ocean LNG Tank And Carrier Design

Class society ABS has issued Approval In Principle (AIP) to a new liquefied natural gas (LNG) tank containment system and carrier design developed by Houston-based Ocean LNG Inc. The tank design consists of a cylindrical tank with spherical dished ends. The 180,000m3 carrier design features five of these large 36m diameter and 40m high cylinder tanks each holding a volume of 36,000m3 of LNG. Ocean LNG asserts that the design maximizes the void spaces in the ship’s hull yet still

Golar NNG Sells Vessel

Reuters notes that Norwegian liquid gas tanker group Golar LNG has agreed to sell its Golar Frost vessel for about $231 million to a part-owned project that is building a gas terminal at Livorno on the Italian coast.Golar LNG has a 16 percent stake in the project company OLT Offshore LNG Toscana S.p.a., which is building a liquid natural gas terminal (LNG) and is the buyer of the vessel. The vessel is on charter until March 2008

US LNG Exports: Pangea Project Gets Green Light

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. Pangea LNG will be authorized to export up to 8 million metric tons per annum (mtpa) of LNG produced from domestic gas fields for a 25-year term commencing on the date of its first export