Chile to Import US Shale Gas

Posted by MichelleHoward
Tuesday, July 08, 2014
Ship enters Methane Jane Elizabeth Quintero Bay with the first shipment of LNG in July 2009 (Photo courtesy of ENAP Chile)

Chile's state oil company ENAP has signed long-term deal with British Gas to import shale gas from the United States at the end of next year, local media reported.

Shipments will leave from a U.S. port, Chilean Energy Minister Maximo Pacheco was quoted as saying on Monday in newspaper La Tercera's Tuesday edition.

"Among the first gas shipments to leave from that port will be gas destined for Chile," Pacheco said.

The deal's volumes and prices were not revealed.

A press officer at the Energy Minister confirmed the information but did not give further details. ENAP declined to give details but said an announcement would be made next week. It was not possible to immediately contact British Gas, Britain's largest energy supplier owned by utility Centrica .

A surge in shale gas production in the United States is transforming the global energy market. Once a regular liquefied natural gas (LNG) importer, the United States is now set to export significant volumes of LNG across the globe by the end of the decade, including to copper powerhouse Chile, which has long viewed gas as a way to alleviate a looming power crunch.

"Today, without a doubt, the most important revolution happening in the United States is the 'Energy Revolution,'" Pachecho told paper El Mercurio.

Shipments are due to arrive to the Mejillones terminal, in the mining-intensive North, and Quintero, in the central region.

(Reporting by Fabian Cambero Editing by W Simon)

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

Maritime Union of Australia Oppose China Trade Deal

The Maritime Union of Australia is willing to use its power over the country's ports to disrupt a new free trade deal with China, reports AAP.   The union movement’s

Canada Commissions Study on Underwater Noise

Green Marine has signed a nine-month contract with Transport Canada to provide insight on underwater noise generated by shipping and its effects on marine life, along with potential solutions.

Ports

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

Malaccan Ports to Become Specialised Hubs

Plans are underway to convert seven Malaccan ports into specialized hubs for various sectors to spur the state's economic development, reports the Star.    The

Mozambique Port Accident Deals Blow to Vale Coal Project

A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale's effort to start coal shipments from the African nation in the third quarter,

Finance

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

SBM Offshore Completes $1.55 bln FPSO Financing

SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history.

NAT Buys 2 Suexmax Tankers

Nordic American Tankers Limited (NAT) acquires two modern Suezmax tankers, increasing the fleet to 26 vessels    Tanker shipping company NAT announced that it

LNG

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

FERC Approves Excelerate’s Offshore GasPort

Excelerate receives approval to move forward with the construction and operation of LNG terminal   On July 24, 2015, the U.S. Federal Energy Regulatory Commission

ABS Grants AIP for Jensen’s LNG ATB Design

A Jensen Maritime-designed, liquefied natural gas (LNG)-bunkering articulated tug-barge (ATB) has been granted approval in principle (AIP) by classification society American Bureau of Shipping (ABS).

News

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

IMO Signs Global Maritime Energy Efficiency Partnerships Project

International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.

Maritime Union of Australia Oppose China Trade Deal

The Maritime Union of Australia is willing to use its power over the country's ports to disrupt a new free trade deal with China, reports AAP.   The union movement’s

Government Update

Malaccan Ports to Become Specialised Hubs

Plans are underway to convert seven Malaccan ports into specialized hubs for various sectors to spur the state's economic development, reports the Star.    The

Pearl Seas Cruises Adds Voyages to Cuba

Pearl Seas Cruises plans to launch a series of “cultural voyages” from the United States to Cuba beginning in the spring of 2016, the cruise line announced today.

FERC Approves Excelerate’s Offshore GasPort

Excelerate receives approval to move forward with the construction and operation of LNG terminal   On July 24, 2015, the U.S. Federal Energy Regulatory Commission

Logistics

Maritime Union of Australia Oppose China Trade Deal

The Maritime Union of Australia is willing to use its power over the country's ports to disrupt a new free trade deal with China, reports AAP.   The union movement’s

Scottish Exporters Bullish on New Shipping Service

As the shipping operator BG Freight Line is set for a new freight service connecting the links, Scotland’s food and drink, chemical and manufacturing industries are looking for a boost.

Malaccan Ports to Become Specialised Hubs

Plans are underway to convert seven Malaccan ports into specialized hubs for various sectors to spur the state's economic development, reports the Star.    The

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Electronics 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: 0.2602 sec (4 req/sec)