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LNG Observer
Now reaching more than 60,000 professionals in the LNG industry.

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Oil & Gas Journal's LNG Observer is the only information resource of its kind - providing consistent, authoritative, and comprehensive reporting on the issues affecting today's rapidly growing LNG industry. LNG Observer delivers valuable information to top executives and key decision-makers involved in commercial LNG developments around the world. In addition to interviews with industry and government leaders and articles addressing developing technologies, readers of LNG Observer have come to expect insightful updates on such issues as:

  • Rapid growth in the LNG shipping industry
  • Evolving regulatory initiatives
  • Global LNG project development
  • Statistical comparisons (Cedigaz, DOE, GIIGNL)
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Korea Gas Corp.’s Incheon terminal is to undergo storage expansion in the next 5 years, along with two others terminals. Total storage capacity among the three terminals will increase by 72% to meet South Korea’s growing demand for gas. Dependent entirely on LNG for gas supply, the country is the world’s second-largest LNG buyer after Japan. Its demand is a primary driver of LNG activity in the Pacific Rim. This issue of LNG Observer devotes its main Issues, Trends, Technologies section (p. 3) to discussions of the region and its LNG growth. Photograph from Kogas. Volume: 4
Issue: 4
October 1, 2007
Observations
Flaring, thermal power, and LNG
Two reports in late summer have implications for the global natural gas industry, especially LNG.

Issues, Trends, Technologies
China, US West Coast markets to push Pacific Rim LNG growth
Pacific Rim LNG markets will see strong growth 2007-11 in expenditures on new LNG plants and terminals.

Nuclear, LNG vie to meet Japan’s energy needs
Japan’s energy policy encourages an increased use of natural gas and nuclear power to mitigate climate change and diversify the energy mix away from oil.

Flexibility keys financing of Pacific Basin projects
Current Pacific Basin market conditions appear to favor new liquefaction capacity.

Project Updates
LNG construction projects, plans move ahead, buck cost pressures
Despite escalating costs of materials and labor, LNG construction worldwide through mid-2007 has continued, with particular progress being made in Asia and the Americas.

Statistics
US LNG IMPORTS
Click here to view US LNG IMPORTS

New liquefaction construction
Click here to view New liquefaction construction

World LNG tankers under construction
Click here to view World LNG tankers under construction

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The June contract for US light, sweet crudes jumped to a record of $126.27/bbl May 9 on NYMEX before closing at a record $125.96/bbl, gaining a total $9.64/bbl over five trading sessions that week.

Adult supervision has arrived. The Department of Energy on May 16 announced it is suspending by as much as 13 million bbl this year's acquisition of crude for the Strategic Petroleum Reserve.

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Upcoming Events
May 2008
May 20-21
SPE Digital Energy Conference

Houston, TX 
United States
Phone: 972 952 9393
Fax: 972 952 9435
Email
Website

May 20-22
Mediterranean Offshore Conference & Exhibition (MOC)

Alexandria
Egypt
Phone: + 39 0761 527976
Fax: + 39 0761 527945
Email
Website

May 20-23
NPRA Reliability & Maintenance Conference & Exhibition

San Antonio, TX 
United States
Phone: 202 457 0480
Fax: 202 457 0486
Email
Website

May 25-28
Society of Professional Well Log Analysts (SPWLA)

Edinburgh
Scotland
Phone: 713 947 8727
Fax: 713 947 7181
Website

May 26-28
Middle East Refining and Petrochemicals Conference and Exhibition

Bahrain
Bahrain
Phone: +973 1755 0033
Fax: +973 1755 3288
Email
Website

May 27
SPE International Oilfield Corrosion Conference

Aberdeen
United Kingdom
Phone: 972 952 9393
Fax: 972 952 9435
Email
Website


All Events





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