AGL Energy Inks Deals for LNG Import Jetty
Australian power producer AGL Energy said on Tuesday it has signed two agreements for its planned liquefied natural gas (LNG) import terminal at Crib Point in the southeastern state of Victoria.The first is with pipeline firm APA Group to develop and construct the Crib Point Pakenham pipeline, and transport gas from the proposed LNG terminal to the domestic market, AGL said.The second is with the Port of Hastings Development Authority for the long-term use of Crib Point Jetty berth 2 to moor the floating storage and regasification unit (FSRU).Both are subject to a final investment decision to be made on the terminal by the financial year 2019.The company expects the delivery of first gas into the domestic market during the 2021 financial year.AGL said it is working on getting environmental
LNG Canada Awards Export Terminal Contract
LNG Canada, a joint venture led by Royal Dutch Shell, said on Tuesday that it had awarded the design and eventual construction of its planned liquefied natural gas (LNG) export project on Canada's west coast to CFSW LNG Constructors. The contract covers the front end engineering and design work, as well as the execution of the multi-billion dollar project, pending a final investment decision. That final go or no-go call is not expected until mid-decade. LNG Canada is just one of more than a dozen export terminals planned for British Columbia's rugged Pacific coast, as energy companies look to ship cheap Canadian gas to Asia. The project…
LNG Project focus on Security
According to SJnews, while BP awaits the Supreme Court ruling to decide the fate of the planned liquefied natural gas (LNG) facility in NJ, more than 50 federal, state and local emergency officials toil over a plan to ensure the safe shipment of the liquid up the Delaware River. The transit management plan, to designate duties of local, state and federal officials for the safe shipment of 120 million gallons of LNG to the Logan facility each week, is required by the U.S. Coast Guard in order to begin construction of the plant. As it stands, the company is preparing a strong security system to guard against potential terrorist attacks or other attempts to breach security along the river.
Chevron: Relations CNOOC 'Normalizing'
Relations between Chevron and China's dominant offshore oil and gas producer CNOOC are 'normalizing' seven months after CNOOC bowed to U.S. political opposition and gave up its fight with Chevron to buy Unocal, as reported by Forbes. Chevron, the second-largest holder of oil and gas reserves in the east Asia-Pacific region after PetroChina, is looking to sell more gas to China as it develops its resources in Australia and Indonesia, the report in the Hong Kong paper said. CNOOC pulled its $18.5 billion bid for Unocal in August last year citing 'unprecedented political opposition' in the U.S. Chevron, which began doing business in China in the 1920s, has continuing partnerships with CNOOC in oil and gas production in offshore centres in China and Western Australia.
