Natural Gas Needs News

Chinese state-owned CNOOC has received government approval to build a second berth at its LNG receiving terminal in Yancheng in eastern Jiangsu province, according to a statement from the Shanghai Petroleum and Natural Gas Exchange on Tuesday.The second berth will be one of four such berths on a new platform and will have annual throughput capacity of 6 million metric tons alongside 4 million tons loading and offloading capacity, the statement said.The addition is part of an expansion project for CNOOC's Yancheng green energy port, which is designed to serve the natural gas needs of the provin

A storage vessel for Mexico's first liquefied natural gas (LNG) plant departed U.S. waters on Monday for Altamira, Mexico, according to ship tracking data, putting the offshore project on track to soon inaugurate exports.LNG developer New Fortress Energy last week said its 1.4-million-metric-tons-per-year Altamira floating LNG project had begun processing gas. The company earlier this year had postponed the inauguration amid delays in receiving the infrastructure."We're excited to announce that we've achieved first gas for our Fast LNG 1 unit…

Morocco has invited bids to perform a study for the upgrade of Mohammedia port near Casablanca to host a liquified natural gas (LNG) floating storage and regasification unit (FSRU), the Moroccan ports agency said on Tuesday.The deadline for bids has been set at Jan. 25, the agency said on its website.Energy minister Leila Benali last month said that her department was examining financial and gas supply details for a future FSRU that would guarantee all of Morocco’s gas needs.Algieria ended gas supplies to Morocco on Oct.

“NOIA supports repeal of Interior’s 2017 Royalty Valuation Rule, which would have created a cloud of regulatory uncertainty, put at risk billions of dollars of federal oil and gas leases and left much needed jobs and revenue for America on the able. The offshore industry, which accounts for nearly a quarter of our nation’s domestically produced oil and natural gas, needs a clear, consistent and fair regulatory environment to thrive. “NOIA applauds Secretary Zinke for taking steps to repeal the rule and reevaluate changes to long-established royalty valuation regulations. The actions proposed by Interior today will enhance a climate of regulatory certainty and clarity, helping ensure that the U.S. remains the global energy leader.

Sonde Resources Corp. announced today that it has filed a voluntary assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). In conjunction with this filing, FTI Consulting Canada Inc. has been appointed as Trustee in Bankruptcy. Since 2012, Sonde has been pursuing alternatives for the Joint Oil Block. Most recently, in March of 2014, Sonde announced that it had engaged Taylor-DeJongh, Inc. (“Taylor-DeJongh”) to initiate a process to explore and evaluate potential strategic alternatives to enhance shareholder value with regard to the Joint Oil Block. Sonde’s Management and Taylor-DeJongh have…

Turkish Energy Minister Taner Yildiz said on Monday 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began and that a seventh tanker was being loaded at the terminal. Yildiz said crude flow on the Kirkuk-Ceyhan pipeline had been halted as of Monday due to maintenance work. Flows through the 120,000 barrel-per-day (bpd) pipeline began at the end of 2013 but the first cargo was not loaded until May. The Kurdish Regional Government (KRG) in northern Iraq, whose peshmerga forces are being supported by U.S. air strikes in their battle against the radical Sunni militants of the Islamic State, has been in a long constitutional fight with Baghdad over independent oil sales.

Japan to begin the world’s first offshore drilling operation to extract frozen natural gas locked under the seabed. Japan Oil, Gas & Metals National Corp., known as JOGMEC, and the National Institute of Advanced Industrial Science and Technology will begin test production for methane hydrate in the Nankai Trough about 50 kilometers (31 miles) off the coast of the country’s main island of Honshu, reports Bloomberg. Deposits of methane hydrate, known as “burnable ice,” could provide Japan with a “next-generation source of clean energy” and may be large enough to supply the country’s natural gas needs for about 100 years, according to JOGMEC. The government plans to develop technology to enable commercial use of methane hydrate by fiscal 2018. Source: Bloomberg

SUEZ Energy North America's subsidiary, SUEZ LNG NA LLC announced an agreement with the U.S. Maritime Administration designed to begin generating employment opportunities for U.S. mariners onboard liquefied natural gas (LNG) vessels. The transport of LNG between countries to meet natural gas needs is a burgeoning international industry, with the international (privately owned) LNG shipping fleet growing at a rate of 15-20% a year. Today, all LNG ships worldwide are flagged under non-U.S. countries. SUEZ' ships, for example, are flagged primarily under Norway and Spain. As a result, there are no U.S.-licensed mariners on these vessels, and the U.S. shipping industry does not currently share in this growing job market.

SUEZ LNG NA LLC (SUEZ) announced an agreement with the U.S. Maritime Administration designed to begin generating employment opportunities for U.S. mariners onboard liquefied natural gas (LNG) vessels. owned) LNG shipping fleet growing at a rate of 15-20% a year. All LNG ships worldwide are flagged under non-U.S. countries. SUEZ' ships, for example, are flagged primarily under Norway and Spain. As a result, there are no U.S.-licensed mariners on these vessels, and the U.S. shipping industry does not currently share in this growing job market. Through a conference call with reporters, Sean T. Connaughton, U.S. Maritime Administrator said…

In response to press reports claiming delays, Nigeria Liquefied Natural Gas announced that its $5.7 billion LNG project is on schedule and is capable of fulfilling its contractual obligations, according to an AFX News report. NLNG has also taken measures to head off potential problems in the market, including a possible shortage in gas supply in 2006. The LNG project will supply much of the natural gas needs of Europe and the US in the coming decade. Source: AFX News

The global fleet of tankers carrying liquefied natural gas needs to expand by 66% by 2010 to meet current and future demand from exporters including Qatar, Australia and Nigeria, according to LNG Shipping Solutions, as reported by Bloomberg. About 205 carriers need to be ordered, adding to the 182 ships in service and 127 units already contracted to be built, to meet demand for existing and future LNG projects.,As many as 105 vessels need to be ordered to meet demand for future projects and 100 vessels for current contracts.