ExxonMobil Considers Importing LNG to Australia
ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.The move would compete with plans by both Australia's no.2 energy retailer AGL Energy to start importing LNG by 2021 and a consortium involving Japan's JERA to start imports from 2020.ExxonMobil is also stepping up exploration off the coast of Victoria and considering developing a gas field called West Barracouta close to an existing field…
Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural gas (LNG) terminal.A sales and purchase agreement would boost the chances that Pieridae Energy would decide to build the C$10 billion ($7.6 billion) Goldboro project, which would be the first LNG export terminal on Canada's East Coast.Canada is rich in oil and gas but has yet to export major shipments of LNG to Asia from its West Coast or across the Atlantic from its East Coast."Under the term sheet with Pieridae Energy…
Gazprom 95% Completes TurkStream Gas Pipeline's Offshore Section
Russian oil and gas giant Gazprom is progressing a number of gas pipeline stretching across the Black Sea projects with three major projects already 95.5 percent complete, the company claimed.The TurkStream will soon see the completion of its offshore section, bringing closer a consistent the supply of Russian gas to Turkey and its neighbours."The Company continues to pursue the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China.
ENN Starts First Phase of Zhoushan LNG Import Terminal
Chinese gas distributor ENN Energy Holdings has begun operations at the first phase of its Zhoushan liquefied natural gas (LNG) import terminal, Vice President Ma Shenyuan said, speaking at a commencement ceremony for the terminal on Friday.As ENN aims to ramp up winter supplies in eastern China, the tanker 'Asia Integrity' docked at the Zhoushan terminal on the same day, bringing 145,000 cubic meters of LNG from Australia supplies to mark the launch of China's first privately…
Offshore Cape Three Points Begins Gas Delivery to Ghana
Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni. The offshore project is expected to provide stable supplies of cost effective and environmentally friendly, domestic fuel for the Ghanaian power sector, said Vitol.The estimated net cost of gas to Ghana will be less than $4.5/MMBtu…
APLNG, QCLNG Strike Deal to Share Infrastructure
The Australia Pacific LNG project (APLNG) said that it has signed a deal to buy gas from neighboring Queensland Curtis LNG (QCLNG ) project and for both projects to share infrastructure.Under the tolling agreements, the QCLNG project will be able to transport and process gas and water from the Arrow Energy Surat Basin fields using available capacity in existing Australia Pacific LNG-QCLNG joint infrastructure. The infrastructure sharing arrangements will commence from 2020 and continue until 2035…
EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal
The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013, the Commission approved under EU State aid rules an aid scheme to support the construction and operation of a liquefied natural gas (LNG) terminal at the Klaipėda seaportin Lithuania The LNG terminal has, since its construction, played a vital role in the diversification of gas supplies and security of supply in Lithuania.In June 2018…
Rosneft and GNPC Arrange LNG Supply to Ghana
Rosneft and the Ghana National Petroleum Corporation (GNPC) signed the package of documents assuming the delivery to the port of Tema (Ghana) over 12 years of the liquefied natural gas (LNG) in the volume of ca. 1.7 mmtpa (or 250 mln standard cubic feet per day), its regasification using the processing capacities of Tema terminal in order to subsequently supply the natural gas to GNPC. The obligations of the parties arising from the above documents will come into effect once they are approved by the Boards of Directors of the parties.
NextDecade Takes Aim at Texas City for LNG Export
NextDecade LLC has signed lease agreements with the State of Texas and City of Texas City for a close to 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar liquefied natural gas (LNG) export facility. Texas City owns almost 376 acres at Shoal Point, while the Texas General Land Office manages the adjoining 618 acres of state land. The agreement comes as the State of Texas continues to draw international attention following significant new natural gas finds totaling over 90 trillion cubic feet (tcf) in 2016 and as global buyers increasingly seek new…
Shell: LNG Demand Strong to 2030
Shell launches LNG Outlook Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year. This included an increase in net LNG imports of 17 MT. Many expected a strong increase in new LNG supplies would outpace demand growth during 2016. Instead, demand growth kept pace with supply as greater than expected demand in Asia and the Middle East absorbed the increase in supply from Australia, according to Shell’s first LNG Outlook. “Global LNG trade demonstrated its flexibility time and again in 2016, responding to shortfalls in national and regional gas supply and to new emerging demand,” said Maarten Wetselaar, Integrated Gas and New Energies Director at Shell.
New US Pipelines to Drive Natural Gas Boom as Exports Surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S. natural gas once the pipeline expansion is complete, up from about 25 percent now, according to projections from the U.S. Energy Information Administration (EIA).
Qatar Petroleum Delivers 500th LNG Cargo UK
Qatar Petroleum (QP) has announced the delivery of the 500th liquefied natural gas (LNG) cargo from QP affiliate Qatar Liquefied Gas Company (2) to the South Hook LNG Terminal at Milford Haven in the United Kingdom. The landmark delivery, on Thursday March 24th, was made on board the Q-Flex LNG vessel Al-Hamla. Mr. Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum, described the delivery as “another significant achievement for Qatar’s LNG industry”. Mr. Al-Kaabi…
Poland to Receive first US LNG Delivery in June
Poland will receive its first liquefied natural gas supplies (LNG) from the United States in mid-June as a result of a deal Polish gas firm PGNiG signed with Cheniere Energy, state-run PGNiG said on Thursday. Cheniere Energy will make the spot delivery at the Swinoujscie terminal on the Baltic Sea. Poland, which consumes around 15-16 billion cubic metres (bcm) of gas annually, built its first LNG terminal in Swinoujscie as part of a bigger plan to reduce reliance on gas it imports from Russia's Gazprom.
Saudi, UAE Ports Bar Qatari Flagged Ships
Ports in Saudi Arabia and the United Arab Emirates' barred ships flying Qatari flags after the two countries broke off diplomatic ties with Doha, in a move that raised fears of disruption to oil and gas shipments from the Gulf OPEC member. The Saudi Ports Authority has notified shipping agents not to accept vessels flying Qatari flags or ships owned by Qatari companies or individuals, it said on its Twitter account on Monday, adding that Qatari goods would not be allowed to be unloaded in Saudi ports. "Vessels flying the flag of Qatar or vessels destined to or arriving from Qatar ports are not allowed to call on the Port of Fujairah or Fujairah Offshore Anchorage regardless of the nature of their call until further notice…
Global Shipping Feels Fallout from Maersk Cyber Attack
Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry. About 90 percent of world trade is transported by sea, with ships and ports acting as the arteries of the global economy. Ports increasingly rely on communications systems to keep operations running smoothly, and any IT glitches can create major disruptions for complex logistic supply chains. The cyber attack was among the biggest-ever disruptions to hit global shipping.
Shell: Force Majeure on Nigerian LNG
Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on Bonny Island, a spokeswoman said. "The Shell Petroleum Development Company of Nigeria Ltd (SPDC) declared force majeure on gas supply to NLNG on 8 August 2016, following a leak on the Eastern Gas Gathering System (EGGS-1) pipeline through which it supplies the bulk of its gas to NLNG," a spokesman said in an emailed statement. SPDC, Royal Dutch Shell's Nigerian unit, is a joint venture with state oil company Nigerian National Petroleum Corp. They supply gas to the LNG plant. The declaration may impact exports from the facility. Reporting by Oleg Vukmanovic
Statoil to Supply Small-scale LNG to Baltics
Norway's Statoil will supply small-scale liquefied natural gas (LNG) to terminals in the Baltic Sea through Lithuania's Klaipeda LNG terminal, a company official said on Thursday. The move comes after the energy firm signed an agreement on Thursday with Litgas and Lietuvos Duju Tiekimas, gas trading subsidiaries of Lithuanian state-owned energy group Lietuvos Energija, to balance the gas supplies at the Klaipeda terminal. "If I'm sitting here in five years and this is a success story, I hope that we are churning three to five conventional cargos annually into this market", Statoil's head of LNG operations Ingvar Skogseide told reporters. Reporting by Andrius Sytas
U.S.-bound LNG Tanker with Russian LNG Diverted
A liquefied natural gas (LNG) tanker probably carrying some supply from a Russian export project has been diverted from the United States, ship-tracking data shows. Engie's Gaselys LNG tanker was diverted on Friday from the Everett terminal in Boston, Massachusetts, where gas prices have tapered off since spiking during a cold snap. The vessel picked up the cargo from storage tanks at Britain's Isle of Grain import terminal in early January. The delivery to the United States was unusual because the LNG at Isle of Grain's tanks also contained some supply from Russia's new Yamal export plant.
Gas Natural Fenosa, Baleària Sign LNG Bunkering Deal
Spanish liquefied natural gas (LNG) operator Gas Natural Fenosa signed an exclusive 10-year LNG supply deal with Spanish ferry operator Baleària. According to the company release, the supply contract will initially apply to the ports of Barcelona, Valencia and Algeciras, then extended to all the peninsular ports operated by the shipping company together with the entire new fleet powered by this fuel committed to using LNG as an ecological fuel. The president of Baleària, Adolfo Utor…
Exxon Mobil buys LNG to Chill Papua New Guinea Project
ExxonMobil Corp has bought a liquefied natural gas (LNG) cargo to keep its Papua New Guinea plant cold after a powerful earthquake triggered a production halt last month, several trade sources said on Monday. The cool-down cargo could be a first step toward restarting LNG production at the facility ahead of schedule or it may simply be needed to maintain operational readiness, traders said. Stopping the liquefaction process which condenses gas into a liquid at minus 162 degrees Celsius causes LNG plants to warm up…
Asian Oil, Gas Producers Stepping up Activity after Long Lull
Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC, Thailand's PTTEP and PetroVietnam, which need to produce more oil and gas to ensure their countries' energy security, executives said this week during an industry event in Kuala Lumpur, Malaysia. Asia is by far the biggest, fastest-growing consumer of oil, yet its output is falling faster than in any other region.
Thailand Ups Long-term LNG Imports Due to Coal Plant Delays
Thailand is increasing its planned long-term imports of liquefied natural gas (LNG) to meet rising demand after delays to the construction of coal-fired power plants, a senior official at energy ministry said on Wednesday. Energy policy makers have revised their target of LNG imports to 17.4 million tonnes in 2022 and reaching 34 million tonnes a year by 2036, up from earlier planned 23 million tonnes, Twarath Sutabutr, Director-General of the ministry's Energy Policy and Planning Office, told a news conference. "Natural gas supplies in the Gulf of Thailand will drop in the future. Thailand needs to accelerate LNG imports," Twarath said, adding the plan was subject to final approval from the national energy policy committee next month.
Eni has no plans to pull out of Rosneft deal after sanctions
Italian oil major Eni has no plans to pull out of its joint venture with Russia's Rosneft despite escalating sanctions against Russia, the head of Eni said on Wednesday."We certainly have not pulled out, we're working with them," CEO Claudio Descalzi said on the sidelines of a conference.Eni, one of Europe's biggest importers of Russian gas, extended a cooperation agreement with Rosneft last year to explore the Russian Barents Sea and the Black Sea, and to consider further opportunities together.But after the United States imposed major new sanctions against Russia earlier this month, speculat