Anadarko Mulls 16 LNG Charters for Mozambique
Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a proposed project in Mozambique.The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.Anadarko said all the contracts signed so far, for over 9.5 million tonnes a year (mtpa) out of a capacity of 12.88 mtpa, were on a delivered ex-ship (DES) basis.The company could have sold the LNG on a free on board (FOB) basis, as do many U.S.
Gazprom to Ship Gas to Turkey via Pipeline in 2016
Russia's top natural gas producer Gazprom said on Thursday it had reached an agreement with Turkey to start gas supplies via the planned Turkish Stream pipeline in December 2016. Gazprom Chief Executive Officer Alexei Miller met Turkish Minister of Energy and Natural Resources Taner Yildiz in Ankara on Thursday, Gazprom said in a statement. Reporting by Maria Kiselyova and Vladimir Soldatkin
LNG Tankers Idled as Gas Downturn Widens
Combined tanker capacity of at least 2.25 mcm LNG lies unused. Over a dozen liquefied natural gas (LNG) tankers are parked, many idle, in and around Singapore - one of the world's biggest trading hubs for the fuel - in a sign that the slowdown engulfing world gas markets may be worsening into a crisis. With Asian spot LNG prices down by almost two-thirds since February 2014 as slowing demand combines with rising output, shippers are parking their tankers close to ports like Singapore where unused ships can be easily maintained and serviced until new orders come in. Leading ship brokers estimate over one-tenth of the global fleet of 400 LNG tankers is currently unused because of slowing growth in Asia's biggest economies. The impact just in Singapore suggests the problem could be worse.
US Approves LNG Exports from Sempra, Carib Energy Projects
The U.S. Energy Department on Wednesday approved liquefied natural gas exports from two projects, as lawmakers pressed the administration to move quickly to clear a backlog of applications to ship gas abroad. Sempra Energy's Cameron LNG facility in Louisiana and Carib Energy's small-scale export project in Florida are the first projects to receive final permits from the department to export gas to non-free-trade-agreement countries since Cheniere's Sabine Pass project was approved in 2012. Until now Sabine Pass was the only project fully permitted at the federal level. The Federal Energy Regulatory Commission granted the $10 billion Cameron project a construction license in June after it was issued a conditional export permit by the Energy Department earlier in the year.
Cheniere's Texas LNG Terminal Closer to Approval
Cheniere Energy's proposed liquefied natural gas (LNG) terminal in Corpus Christi, Texas will not lead to widespread harm to the environment, a draft review concluded on Friday, moving the project a step closer to a possible approval later this year. The Federal Energy Regulatory Commission's draft review concluded the project will result in a permanent loss of more than 25 acres of wetlands, but said measures Cheniere plans to take will minimize any further disturbance on wetlands. The Corpus Christi project is one of about two dozen in the United States that hopes to ship gas from the domestic energy boom to countries in Asia and Europe eager to reduce their use of coal.
Agreement Promotes LNG Carrier Construction
On June 21, 2013 under the auspices of the St. Petersburg International Economic Forum a number of agreements were signed between Gazprom Marketing & Trading (GM&T), Russian Maritime Register of Shipping (RS), JSC United Shipbuilding Corporation and ОАО Sovcomflot (SCF) to promote Russian content in LNG carriers construction projects. To ensure LNG shipping by sea from the Gazprom Group projects Vladivostok LNG and Sakhalin-2, provision will be made for possible construction during 2017-2021 of up to 13 highly sophisticated LNG carriers…
PMFG Win $13.7M Navy Contract
PMFG, Inc. (Parent of Peerless Mfg. Co.) Notice of Award Valued at $13.7 Million to Supply Air Moisture Separation and Filtration Systems to U.S. PMFG, Inc. (Nasdaq:PMFG) has announced it was awarded a contract by the U.S. Navy's Naval Surface Warfare Center, Carderock Division (NSWCCD) to provide the air inlet moisture separation/filtration systems to replace the existing systems on the Arleigh Burke (DDG 51) class. The five-year, multiple-award, indefinite delivery, indefinite quantity firm-fixed-price contract could have a potential value of approximately $13.7 million, if all options are exercised. This order value will be added incrementally to the Company's backlog as purchase orders are released under the contract.
Plan to Ship Mozambique LNG to India
Offshore energy companies operating in Mozambique plan to ship gas to India Energy companies operating in Mozambique, which reported one of the world's biggest natural gas discoveries in recent years, are eyeing the vast Indian market and have started discussions with state energy firms, hoping that the African nation will follow Qatar's footsteps in shipping vast quantities of gas to India, reports the Economic Times of India. Videocon International and public sectorBharat Petroleum Corp Ltd (BPCL), which hold 10% each in six blocks in the deep-water Rovuma Basin, off the Mozambique coast in Africa, are interested in selling gas in India. The basin may hold 30 trillion cubic feet of gas, which can be liquefied and transported to Asia.
The Dash for Gas
The gas market is exciting, but only for those with a steady nerve and long-term commitment. Over 20 new LNG import projects have been mooted for the U.S. alone. We are witnessing an unprecedented expansion of shipping capacity to meet this and worldwide expansion of demand. Nearly 30 percent of the world fleet of LNG ships by gross tonnage (excluding options) have been ordered within the past two years. A number of these are already earmarked for U.S. import projects. If these projects succeed many more ships will be needed. The price of gas has still not recovered above the magical $3.50 to make projects profitable - what will happen to these projects? Will we see a glut of LNG ships as these orders hit the seas in the next three years as we now see in the box ship sector?
Aqua-Chem Wins $12.8m Navy Deal
Aqua-Chem, Inc., Knoxville, Tenn., is being awarded a $12,829,398 indefinite-delivery/indefinite-quantity, firm-fixed-price contract for 6,800 gallon-per-day Reverse Osmosis Desalination (ROD) units and 2,000 gallon-per-day High Purity Reverse Osmosis (HPRO) units for installation in FFG-7 and LSD Class ships. The ROD Unit will be used to produce drinking water from seawater, and HPRO Unit will be used to produce high purity water from drinking water, for cooling the ship's gas turbine engines. Work will be performed in Knoxville, Tenn, and is expected to be completed by July 2012. Contract funds will not expire by the end of the current fiscal year.This contract was competitively procured and advertised via the Internet, with six offers received.
Gazprom Seeks LNG, U.S. Markets
Russian gas firm Gazprom will kick-start a late entry in the booming liquefied natural gas market within days, launching a huge Arctic project that it hopes will one day make it the dominant U.S. supplier. Entering LNG will free Gazprom from its static pipeline network and allow it to ship gas globally for the first time, giving the export monopoly more bargaining power as it seeks to expand downstream into European markets. (Source: Resource Investor)
Petronet LNG to Float Subsidiary
Natural gas importer Petronet LNG Ltd (PLL) plans to float a shipping subsidiary overseas to haul gas to its greenfield re-gassification terminal of 2.5 million tonnes per annum capacity proposed at Kochi in Kerala. The diversification plan has been unveiled in the tender conditions stipulated by Petronet for selecting ship owners and operators for transporting LNG to the Kochi terminal. This is a departure from the first two shipping tenders finalized by Petronet for hauling gas from RasGas in Qatar to Dahej in Gujarat, wherein it holds a 15 percent stake each in the first two tankers and 23 percent stake in the third tanker. The recent tender floated by Petronet for time chartering two LNG tankers of 165…