China to top Japan as World's Biggest LNG Importer
Pollution fight drives surge in pipeline, LNG imports but Japan remains world's biggest importer of LNG. Beijing's crackdown on pollution has put China on track to overtake Japan this year as the world's biggest importer of natural gas, used to replace dirtier coal. China - already the biggest importer of oil and coal - is the world's third biggest user of natural gas behind the United States and Russia, but has to import around 40 percent of its total needs as domestic production can't keep up with demand.
China Rises to World's No.2 LNG Importer
China's 2017 LNG imports to top South Korea's for first time; becomes key driver of spot LNG prices. China will become the world's second-biggest importer of liquefied natural gas (LNG) this year as it overtakes South Korea, shipping data in Thomson Reuters Eikon showed. This is a huge boost to Asia's emerging spot market as Chinese buyers rely much more on short-term purchases to meet their needs than their counterparts in Japan and South Korea. Shipping data in Thomson Reuters…
Petronet to Raise LNG Imports to 17.5M tons
Petronet LNG Ltd. plans to raise its base capacity for liquefied natural gas (LNG) imports from 2.5 million today to 17.5 million tons at two terminals by 2014. Petronet, which built India's first LNG import terminal at Dahej in Gujarat, was created by the Indian government to import the cleaner fuel for the energy-hungry economy. It is building another LNG terminal, India's third, at Kochi in southern India with a capacity of 2.5 million tons. Dasgupta said the new terminal, along with an initial expansion of Dahej to 10 million tons, would be complete by 2009 or 2010. Petronet, which started operations at Dahej in 2004, imported 2.5 million tons of LNG in the year to March 2005 and has tied up about 5 million tons of imports this year.
CH-IV Prepares FEED for U.S. LNG Facility
The Oregon LNG Terminal will be located on the East Skipanon Peninsula near the confluence of the Skipanon and the Columbia Rivers in Warrenton, Clatsop County, Oregon. Jeffrey P. CH-IV International had previously prepared a FEED for Oregon LNG for its proposed LNG Import Terminal, which has now been modified to include liquefaction facilities. Mr. Beale stated, “CH-IV is excited to continue working with the Oregon LNG Team on such an important project. CH-IV International is a joint venture corporation between MPR Associates, Inc. and CH-IV Cryogenics, LP.
China LNG Import Demand Grows
According to a Bloomberg Report, China’s LNG imports rose to a record in July as consumption continueds to climb. LNG imports reportedly gained 66 percent to 1.18 million metric tons, according to data from the Beijing-based General Administration of Customs, reported by Bloomberg. Imports of LNG cost an average $433 a ton in July, or $8.30 per million British thermal units, 47 percent higher than a year earlier, according to Bloomberg calculations.
India to Build Own LNG Fleet
Despite some delays, the Indian shipping industry appears to be finally gearing up to develop an LNG (liquefied natural gas) fleet. It is estimated that by 2012 India's LNG imports will almost equal Japan's current LNG imports of 60 million tons per annum. And to transport this quantity, the country will need about 25 LNG vessels by 2012 and 34 by 2025. Indian ship-owners are realizing the need to build up an LNG fleet. "Japan transported about 43 perent of its total LNG import of 59.1 million tonnes in 2003 on Japanese owned and controlled ships. Similarly, Korea transported about 61 per cent of its LNG imports of 19.3 million tonnes during that period on Korean controlled ships.
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.
Shell, GDF Take Stakes in Floating LNG Terminal
Europe's largest oil company Royal Dutch Shell and French firm GDF Suez are likely to take 26 percent stake each in GAIL India Ltd’s proposed ‘floating LNG import terminal’ at Kakinada in Andhra Pradesh. Andhra Pradesh Gas Distribution Corp (APGDC) – a joint venture of GAIL Gas and Andhra Pradesh Gas Infrastructure Corp (APGIC) will have the remaining 48% share. Shell, GDF and GAIL on Thursday also signed an agreement to procure LNG for the project. The 3.5-million-tonne a year floating storage and regasification unit (FSRU), was conceived in 2012.
US Could Get First LNG Import from Russia despite Sanctions
A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions against the company that operates the Russian facility, according to a report by S&P Global Platts and Thomson Reuters shipping data. The tanker Chris. De Margerie picked up a cargo from Novatek PAO's Yamal facility, Russia's second LNG export terminal, on Dec. 9 and dropped it off at National Grid Plc's Isle of Grain LNG facility near London on Dec. 28, according to Thomson Reuters data.
Lithuania Inks First Statoil LNG Deal
Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed its first liquefied natural gas purchase deal with Norway's Statoil on Thursday, helping the country to reduce its total dependence on Russian supplies. The Baltic state plans to import 0.54 billion cubic metres (bcm) of gas from Norway from 2015, enough to meet about one-fifth of its total consumption. The gas will supply a floating LNG terminal, named the "Independence". The total value of the contract is estimated at a little over $1 billion and the LNG price is linked to Britain's National Balancing Point (NBP) gas hub, Lithuanian importer Litgas said.
Thailand Boosts LNG Imports
Thailand is signing new contracts for LNG purchases and expanding terminals to boost imports to replace flagging domestic production, Bloomberg reported. Southeast Asia’s second-largest economy will boost LNG imports by more than 70 percent this year. The report said that the country is doing everything it can to facilitate increased LNG imports to replace the declining domestic production. These include expanding the existing terminals. Producers of the fuel are expected to expand…
Hearing â€“ Securing LNG Tankers to Protect the Homeland
The House Homeland Security Committee conducted a hearing entitled Securing LNG Tankers to Protect the Homeland. Chairman Bennie Thompson (D-MS) stated that he was concerned about the significant increase in LNG imports and the increased safety and security risks related thereto. Mr. Jim Wells, Government Accountability Office (GAO), testified that the public safety consequences of a liquefied natural gas spill need clarification. Rear Admiral Brian M. Salerno, USCG explained the Coast Guardâ€™s role in LNG security. Mr. H. Keith Lesnick, Maritime Administration (MARAD) discussed the agencyâ€™s efforts to have US mariners on board LNG tankers calling at US ports. Mr.
China's LNG Demand Falls
China's import of liquefied natural gas (LNG) fell 1.1% in 2015, marking the first year-on-year decline since imports began in 2006, according to a report by the US Energy Information Administration (EIA). Chinese LNG imports have grown steadily in the last 10 years, from 0.1 billion cubic feet per day (Bcf/d) in 2006 to 1.3 Bcf/d in 2010, and have more than doubled since then. They reached their peak in 2014 at 2.7 Bcf/d, making China the third-largest LNG importer globally after Japan and South Korea, EIA said in the report.
Panama Canal Plans LNG Terminal
The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal. The ACP has been awarded a US Trade and Development Agency grant to help fund a feasibility study for the project, which it is considering for when the expanded canal is opened next year and the waterway is expected to handle considerable liquefied natural gas tankers. A statement from the U.S. Trade and Development Agency says that…
LNG Import Terminal Opens in Pakistan
On March 28, 2015, officials from Engro Corporation, Excelerate Energy and the Government of Pakistan were present for the inauguration of Pakistan's first LNG import terminal in Port Qasim. Located in a channel of the Indus River east of Karachi, the terminal is a result of a fast-track LNG import solution built to alleviate the energy shortage facing the country, and was brought into service 11 months from the start of construction. Utilizing Excelerate's floating storage and regasification vessel (FSRU), the Exquisite, the facility has the capacity to deliver up to 690 MMcf/d of natural gas directly to Sui Southern Gas Company's natural gas pipeline system. As part of the commissioning process, Exquisite loaded its first LNG cargo in Ras Laffan, Qatar, on March 24, 2015.
Hoegh LNG Bags FSRU Deal in Chile
Oslo-based Höegh LNG said it has signed an Floating Storage and Regasification Unit (FSRU)contract with Chilean Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period of 20 years and is expected to generate an average annual EBITDA of around USD 36 million, Höegh LNG said in a statement. The contract is subject to Octopus completing financing and obtaining necessary environmental approvals, and the planned start-up is in the second quarter 2018.
Bangladesh shortlists Trafigura, Gunvor for LNG Terminals
Bangladesh has shortlisted global commodity traders Trafigura and Gunvor to arrange the installation of two floating liquefied natural gas (LNG) import terminals in 2018 as the country transforms into a major LNG consumer. "Trafigura and Gunvor have been shortlisted out of 13 companies for two 200 million cubic feet/day LNG import terminals," a director at state-run energy firm Petrobangla's LNG division told Reuters. Petrobangla will hold talks with the companies and deals will then be finalised, he added.
Helping to Secure Ghana's Power Supply
UK-based maritime engineering consultants HR Wallingford are supporting Quantum Power’s development of an offshore liquefied natural gas (LNG) import and regasification facility at Tema, Ghana. The facility will include a floating storage and regasification unit with transfer from conventional LNG carriers. HR Wallingford is carrying out an advanced feasibility study, which includes metocean, ship mooring and operational assessments, incorporating fully dynamic mooring analysis. Applying world-leading expertise in maritime engineering, HR Wallingford’s engineers and scientists are working closely with Quantum Power to provide an effective solution that will maximise operability of the facility and ensure safe and efficient transfer of LNG.
Norway will be Lithuania's 2016 Top Gas Supplier
Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports, the country's energy minister said on Monday. Russia's Gazprom had enjoyed a supply monopoly until the end of 2014, when Lithuania opened a floating LNG import terminal to reduce energy dependence on its former Soviet master. That allowed it to import gas from Norwegian tankers, as well as via pipeline from Russia.
AG&P, Hindustan to Build a New LNG Import Terminal in India
Atlantic, Gulf and Pacific Company (AG&P) and Hindustan LNG (HLNG) have signed a Memorandum of Understanding (MoU) to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India. Under the agreement, AG&P will provide an integrated solution to deliver regasified LNG through a new LNG import terminal that AG&P will also design and build at the port in Andhra Pradesh. AG&P is a leading global integrator of LNG infrastructure solutions including LNG terminals and the supply chains that emanate from them.
FSRU Finally Arrives in Egypt
A long-delayed liquefied natural gas (LNG) import terminal has arrived in Egypt with a cargo of 160,000 cubic metres of LNG, an official at state gas board EGAS told Reuters on Thursday. The floating storage and regasification unit (FSRU) provided by Norway's Hoegh LNG will allow Egypt to import LNG and reconvert it to natural gas to feed into the energy-starved country's power grid. Reporting by Ehab Farouk
New Private LNG Terminal in Pakistan
A group of leading business houses in Pakistan plan to build a liquefied natural gas (LNG) terminal by March 2019 for gas processing and consumption in their own plants, Reuters reported. The proposed, second multi-million dollars terminal being set up at the Port Qasim to handle LNG imports will give tremendous boost to LNG trade. The private terminal will bring the total number of potential LNG import projects in the country to eight. Currently, Pakistan has only one active…
Bangladesh’s First LNG Import Terminal in the Works
Excelerate Energy and Petrobangla have reached agreement on terms for the development and operation of Bangladesh’s first LNG import terminal. The agreement includes the provision of one of Excelerate’s existing floating storage and regasification units (FSRU) under a 15-year long-term charter, as well as the design and construction of the facility. Located offshore near Moheshkhali Island in the Bay of Bengal, the terminal will provide much needed natural gas to the southeastern Chittagong region of Bangladesh. The facility will include the installation of a subsea buoy system anchored offshore. The buoy system will act as both the mooring mechanism for the FSRU and as the conduit through which natural gas is delivered to shore through a subsea pipeline.