BP to buy Nigerian LNG

Friday, February 10, 2006
Oil major BP Plc has agreed to buy liquefied natural gas (LNG) from the new Brass project in Nigeria to help meet growing demand in the U.K. and the U.S. The deal, to be finalized later this year, is for annual shipment of two million tons of LNG for 20 years starting in 2010. The Nigerian gas will be delivered by Brass LNG and used by BP, one of the world's largest suppliers of LNG, to supply multiple markets in the Atlantic basin. Demand for imported LNG, gas cooled for easy transport by tanker, is booming as Europe and the United States turn to the fuel to compensate for falling local gas production. The Brass LNG project is backed by Italian oil and gas company Eni, U.S. oil majors Chevron and ConocoPhillips and state-owned Nigerian National Petroleum Corp. It is expected to export an initial 10 million tons a year of LNG. Brass LNG earlier this month signed a similar agreement with British oil and gas producer BG. (Source: Reuters)

LNG

BV Classes First LNG-fuel Oil/Chemical Tanker

Leading international classification society Bureau Veritas has classed the first LNG-fuelled newbuilding oil/chemical tanker, the 15,000 dwt Ternsund, built under BV class at Avic Dingheng,

SK Shipping Selects 5X72DF for LNG Carriers

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0598 sec (17 req/sec)