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Lng Production

Iran to Join LNG Club

Photo: National Iranian Oil Company

 Iran is projected to officially join the LNG Exporters Club in the next two years, managing Director of National Iranian Oil Company Rokneddin Javadi was quoted as saying by Mehr News Agency.   Establishing new LNG production units instead of constructing pipeline tops Iran's agenda for transferring gas to Europe, since economic calculations reveal LNG production is more economically efficient give the market's current state, he said.   Currently, natural gas transmission through pipelines for a distance over 2500 km is not technically or economically profitable, Rokneddin said.   Emphasizing that the setting up of LNG production in the country is affected by technology and investment, Rokneddin noted “accordingly, we have begun negotiations with countries possessing technology of gas liquefaction and production of LNG units .”   Meanwhile, three foreign companies are reportedly keen to purchase an Iran LNG Company plant to complete it.   A Chinese, an Arabian and a European company are keen to acquire an Iran LNG plant to complete it, accodring to a source, who said that Iran LNG plant needs "significant investment and it will take two years to complete".   This plant’s capacity is projected to be 10.5 million metric tons per year of LNG production, earning the country more than $7 billion annually.  


NLNG Buys Two Gas Vessels

Nigeria Liquefied Natural Gas (NLNG) purchased two vessels owned by Duke Energy to transport gas from the Bonny LNG plant. The company said it had long-term chartered the ships in 1995 for 22.5 years with provisions for an extension or outright purchase within the period 2001 and 2006. The company is exercising the right to buy the vessels outright one year ahead of schedule. The $3.8 billion Bonny plant in southeast Nigeria began LNG production in October.


Qatargas Set for Expansion

Qatargas expanded its LNG production capabilities with the groundbreaking of Qatargas 3 (QG3) and Qatargas 4 (QG4) at Ras Laffan. Both QG3 and QG4 will each have a capacity of 7.8mn tons a year. QG3 is an integrated project jointly owned by Qatar Petroleum (68.5%), ConocoPhillips (30%) and Mitsui (1.5%) and will comprise upstream gas production facilities with a capacity to produce 1.4bn cu ft of natural gas a day and will include an average 70,000 barrels of LPG per day and condensate


Gazprom & Shell Agree Roadmap for Sakhalin ll LNG Project

LNG plant in Sakhalin: Image courtesy Gazprom

Gazprom inform that Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell, met in Sochi and signed a document that that envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. “The global LNG market is booming – primarily in Asian countries. Novel LNG production capacities are the key to achieving a strong position


First LNG Cargo Loaded from Exxon PNG Project

LNG carrier Spirit of Hela, which is jointly owned by MOL and Itochu Corporation, has left Papua New Guinea carrying the first LNG cargo from the ExxonMobil-led PNG LNG Project, Mitsui O.S.K. Lines, Ltd. announced. The PNG LNG Project is Papua New Guinea’s first ever LNG project, and it will provide long-term supply of gas to customers in Japan and other countries. The vessel loaded LNG at the Project’s Marine Terminal, which is located near Port Moresby


Total Signs Deal to Supply LNG to China's ENN

Image: ENN Energy

 Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website.   The deal is for 0.5 million metric tons of LNG per year for a period of 10 years and will be delivered from the company's facilities. Total didn't specify which projects if would source the product from but it has offtake from Australia's Ichthys project, geographically close to China.  


LNG FPSO Ordered

Höegh LNG go for LNG FPSO; teaming up with Aker Yards and ABB Lummus Global Höegh LNG announced that it has entered into agreements with major contractors and formally started the engineering and design for its first LNG FPSO Unit (Floating Production Storage and Offloading), with the objective to design and construct the worlds’ first LNG FPSO. “Our strategy is to develop Höegh LNG’s business model from pure LNG transportation into offering also solutions for LNG production and


Woodside Begins Construction of Pluto LNG Project

Woodside Petroleum has begun construction of the Pluto liquefied natural gas project. The first phase of the Pluto project will include a single liquefied natural gas (LNG) production train with forecast production of 4.3 million tons per annum (mtpa) (4.8 mtpa at 100% capacity) connected by a 180km, 36-inch offshore pipeline to a platform in 85 meters of water. Site preparation has been underway since January 2007


GTT Wins CWC LNG Technological Innovation Award

The Award was presented by Mr. Brian Haggerty of Woodside energy Ltd. to Philippe Berterottière, GTT Chairman and CEO, who declared, “We are honored by this award which recompenses all the talents and efforts of the GTT innovation and technical teams, not only recently but also during the last fifty years.”

On the occasion of the World LNG Summit held in Paris on November 18-21, 2013, GTT was awarded the LNG Technological Innovation Award 2013 by CWC for its work on the development of its membrane containment systems to reduce the daily Boil-Off in LNG Carrier tanks. The LNG Technological award rewards an active member of the LNG industry, a company that has made a positive commercial or technical contribution to the LNG production


Novatek: Shareholders to Decide on $600 Mln Loan for Yamal LNG

Photo: Novatek

Russia's largest non-state gas producer Novatek said on Thursday its shareholders would decide on a new loan worth $600 million for the Yamal LNG project on June 20, according to Interfax news agency.   The $27 billion Yamal LNG project envisages three liquefied natural gas (LNG) production lines with a capacity of 5.5 million tonnes a year each. The gas the project produces would be exported to world markets.  


Ghana, Equatorial Guinea to Sign LNG Deal

Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said.   Though an oil and gas producer in its own right since its


USCG Approves JAX LNG for Ship-to-ship Bunkering

(Photo: Southern Company Gas)

The joint venture between Pivotal LNG and Northstar Midstream, JAX LNG, LLC, has received a Letter of Acceptance (LOA) from the U.S. Coast Guard (USCG) for the operation of its waterfront LNG facility and the approval to conduct ship-to-ship LNG bunkering operations with TOTE Maritime’s


Trelleborg Suite Supplied to Prelude FLNG

Prelude FLNG (Photo: Trelleborg)

Trelleborg’s marine systems operation has supplied a suite of products to Shell’s Prelude FLNG facility, the largest offshore facility ever constructed. Prelude, which is 488 meters long, 74 meters wide, and made with more than 260,000 tons of steel


Vitol Signs Deal with Angola LNG

Photo: Vitol

 Angola LNG (ALNG) and Vitol, the world’s largest independent energy dealer, have entered into a multi-year LNG sales agreement. Under the agreement, ALNG cargoes will be delivered to Vitol at destinations around the world.  


US LNG Going Global

© Anatoly Kolodey / Adobe Stock photo

The U.S. liquified natural gas (LNG) market is ripe with opportunity, according to American Action Forum (AAF).   "When coupled with the tension surrounding Qatar (the largest exporter of natural gas in the world), this makes U.S


Private Producer Aims to Ship Baltic's First Russian LNG Before Gazprom

LNG Gorskaya, a privately-owned Russian liquefied natural gas (LNG) producer, has launched a 340 million euro ($379 million) project to become the first LNG exporter from Russia's European coast, its CEO told Reuters. Russia expects to send LNG to Europe by the end of 2017 from its distant


ExxonMobil Joins with Eagle LNG, Crowley on LNG Marine Fueling

Image: Crowley

 ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe


Qatar to Boost LNG Production by 30% Amid Arab Dispute

Photo: Qatar Petroleum

 State-owned Qatar Petroleum said Tuesday it aims to raise Qatar’s LNG production from 77 million to 100 million tons per year.  The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field


US to be World's Biggest LNG Exporter by 2022

Pic: Shell

 The International Energy Agency predicted that the US will become the world's No. 2 exporter of liquefied natural gas by the end of 2022 with a capacity of 3.7 trillion cubic feet per year, second only to Australia.  The U.S. is already the world's largest producer of natural gas


Qatar to Maintain Dominance in Global LNG Market

Photo: Qatargas Operating Company Limited

 Qatar will maintain its dominance over the global liquefied natural gas market despite increased supply from Australia and the United States, the weekly report by Qatar National Bank (QNB) said.   A report in The Penisula quoting QNB said that Qatar currently accounts for 30


Qatar Seeks to Open New LNG Markets with Floating Terminals

Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals.   Hoegh LNG, a developer of floating LNG import terminals


GasLog Updates LNG Market Outlook

Photo: GasLog

 During the quarter ended June 30, 2017, there was continued momentum in the start-up of new LNG liquefaction capacity with the fourth train at Sabine Pass commencing commercial production.    Later this year, Wheatstone in Australia and Cove Point on the east coast of the U.S


Cheniere to Completion 4th LNG Unit Soon

Photo: Cheniere Energy, Inc

 Houston-based energy company Cheniere Energy said that it is nearing completion of its fourth liquefied natural gas unit at its massive Sabine Pass terminal in Louisiana near the Texas border.  The company, primarily engaged in LNG-related businesses


US LNG Exports to Increase: EIA

© Wojciech Wrzesien / Adobe Stock

 U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017.    The U.S. has been a net exporter for three of the past four months and is expected to continue to export more


Egypt to Cut Down on LNG Imports

Photo: Egyptian LNG

 Egypt is planning to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that began in July, down from the 118 cargoes imported last year.   Reuters reported that Egypt has been trying to speed up the development of recent gas discoveries with a view to






 
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