Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions
Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes against Iranian nuclear facilities and missile factories.In response, an emergency plan was enacted prioritising gas allocations, including cutting supply to some industries, Egypt’s Petroleum Ministry said in a statement.Power stations have ramped up their use of fuel oil to maximum available levels…
Singapore LNG Scouts for Spot Cargoes as Electricity Futures Surge
Singapore LNG Corp is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state's liquefied natural gas (LNG) terminal, industry sources said on Wednesday.The inquiries come on the back of surging prices globally of power generation fuels such as LNG and coal, amid power shortages from China and India to Europe.SLNG contributes to Singapore's energy security and its terminal supplies up to 30% of the city state's natural gas demand for power generation…
LQ, Pipe Rack Modules Installed on Energean Power FPSO
Living quarters and eigh pipe rack modules have been lifted aboard the Energean Power FPSO hull as the construction of Energean's FPSO destined for the Mediterranean Sea progresses in Singapore.The FPSO hull, built in China is being outfitted with topside modules at Sembcorp’s Admiralty Yard, Singapore. Once completed the FPSO will sail away to Israel, where it will be used to develop the Karish offshore gas field.The LQ module lifted on the hull is 20 meters long, 40 meters wide and 26 meters high, weighs in at 1,727 tonnes, and has seven decks.
India's Deepwater Gas Output Pressured by Low Spot LNG Prices
India’s new deepwater gas production could be under pressure from low spot LNG prices, says Wood Mackenzie.Deepwater is expected to drive India’s gas production growth, adding over 1 billion cubic foot per day (bcfd) of new supply by 2023. However, only 15% or 200 million cubic feet per day (mmcfd) of this supply has been contracted to date. With market demand impacted by Covid-19, and low spot LNG prices expected to persist at least until 2022, the full commercialization of these…
Indian Oil Giant May Scrap LNG Vessel Tender
GAIL India, largest state-owned natural gas processing and distribution company in India, will likely scrap the tender for hiring LNG ships after failing to negotiate acceptable terms with bidders in what would hurt India's ambition to build high-tech LNG carriers at home under the Make in India programme, reports the Economic Times. The oil marketing giant had issued a tender last September seeking to charter at least 9 LNG vessels to bring home from the US up to 5.8 million tonne of gas annually from early 2018. Successful bidders were supposed to locally build a third of all ships they make under the Make in India plan. GAIL received bids from 2 Japanese consortiums after the deadlines for submissions were extended more than once.
