China National Offshore Oil Corp.’s (CNOOC) Fujian terminal has received its first LNG cargo from Indonesia’s BP PLC-led Tangguh LNG project.
Abu Dhabi Gas Liquefaction Co. is considering plans to increase LNG production at its complex on Das Island beyond 2019, when its 4.7-million tonne/year LNG sales contract with Tokyo Electric Power Co. (Tepco) expires, according to Poten & Partners, New York, an industry consultancy.
Indonesian authorities said they expect to deliver a second cargo of LNG to China’s Fujian Province from the Tangguh LNG facility in Papua Barat.
Two more land-based LNG regasification terminals received first cargoes in the last few days.
Indonesia’s Tangguh LNG project, the country’s third LNG center after Bontang and Arun, lifted its first cargo on July 6, according to operator BP PLC.
At mid-2009, prospects for global LNG demand “remain bleak,” according to a research report issued at the end of June by Barclays Capital.
The three joint venturers in the Gorgon-Jansz gas and LNG project in Western Australia have been given conditional interim authorization from the Australian Competition and Consumer Commission (ACCC) to market gas in the state.
Qatar Liquefied Gas Co. III (Qatargas) has signed a 20-year agreement to sell Poland 1 million tonnes/year of LNG.
Japanese companies aiming to purchase supplies from Indonesia’s Donggi-Senoro LNG plant in Central Sulawesi have extended the deadline for the consortium of companies developing the plant to negotiate prices and availability with the government.
Santos Ltd. has signed a heads of agreement with its Gladstone LNG project partner Petronas of Malaysia to sell 2 million tonnes/year of LNG from the project to Petronas with an option of an additional 1 million tonnes/year.
Paris summit urges investment for future gas supply - Oil & Gas ...
... released a specially prepared 4-year review of the LNG market that points to the worst economic downturn since the Great Depression colliding with a “tidal ...
Tangguh LNG cargo might ship to Fujian this week - Oil & Gas ...
... Officer Tony Hayward, who said that BP is taking its time in bringing the Tangguh plant into full operation because of weakness in the global LNG market. ...
Regional supply competition pressures US natural gas prices - Oil ...
... While this may primarily result from factors associated with the global LNG market, REX-East also appears to be playing a role. ...
GDF Suez executive bullish about global LNG prospects - Oil & Gas ...
... way from exploration and production to liquefaction, to transport and regasification.” He said, “This is not the first time the LNG market has encountered ...
Natural gas oversupply creating buyers' market - Oil & Gas ...
... LNG projects (excluding Middle East) are coming on line 2009-10, including Sakhalin-2, Tangguh, and Pluto, resulting in an oversupplied Pacific LNG market. ...
Gas market seeks sign - Oil & Gas Journal
... 1.44 bcf in the second quarter, well short of the earlier estimates that called for 3-5 bcfd.” They added, “After checks with the LNG market observers, it ...
Gas market seeks sign - Oil & Gas Journal
... 1.44 bcf in the second quarter, well short of the earlier estimates that called for 3-5 bcfd.” They added, “After checks with the LNG market observers, it ...
MARKET WATCH: Mixed market factors push up oil, gas prices - Oil & ...
... After checks with the LNG market observers, it seems there is too much focus on LNG.” Current annual global LNG capacity is 180 million tonnes or 8.3 tcf of ...
Recent reports reveal shifting LNG trends in 2009 - Oil & Gas ...
... The LNG market in 2009 is proving itself “truly global,” as supply-demand fundamentals for the first 6 months forced regional prices to converge, said the ...
CLNG: Regulatory, market questions dog US LNG industry - Oil & Gas ...
... The current reality of LNG supply movements is that a combination of a robust spot LNG market, on the order of 15-20% of traded LNG, has combined with shorter ...
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