More LNG News

Dominion Cove Point marks progress in LNG export project

Apr 1, 2013

Dominion, Richmond, Va., has reached three milestones in its Dominion Cove Point LNG liquefaction project, the company said Apr. 1. The site for the export plant will be at Dominion’s existing LNG import terminal in Maryland on Chesapeake Bay.

Chevron, Chubu Electric sign Wheatstone LNG agreements

Apr 1, 2013

Chevron Corp. has signed a binding long-term sales and purchase agreement with Chubu Electric Power Co. for Chubu to take 1 million tonnes/year of LNG from the Wheatstone project off Western Australia. The uptake will be for 20 years.

GIIGNL: Net global LNG trade slides in 2012

Apr 1, 2013

Global LNG imports net of reloads last year reached 236.3 million tonnes, a 1.9% decrease vs. 2011 trade movements, according to a report from Paris-based Groupe International des Importateurs de Gaz Natural Liquefie (GIIGNL).

LNG UPDATE: Global LNG pricing evolves; supply, demand struggle toward balance

Apr 1, 2013

Global LNG faced a number of problems as 2013 began. All reflect industry's growing pains; none responds to easy solution.

GIIGNL: Net global LNG trade slides in 2012

Mar 25, 2013

Global LNG imports net of reloads last year reached 236.3 million tonnes, a 1.9% (4.5 million tonnes) decrease compared with 2011 trade movements, according to a report issued Mar. 25 from Paris-based Groupe International des Importateurs de Gaz Natural Liquefie (GIIGNL).

E&Y: New LNG exporters could change pricing status quo

Mar 25, 2013

A broadening of the LNG supply base will support anticipated world demand growth in the next 10-20 years, although pricing scenarios are likely to change with more price-sensitive buyers becoming less willing to pay supply security premiums, according to a recent report by Ernst & Young.

Drewry: LNG trade, fleet heading into choppy waters

Mar 21, 2013

Heating demand in major LNG importing regions fell in February. In addition, cargo availability tightened after a few unplanned shutdowns, leading to a 4% decline in Drewry Maritime Research’s LNG Freight Index.

LNG export strategy should be balanced, expert tells House panel

Mar 21, 2013

The US should adopt an LNG export strategy that provides certainty for producers but doesn’t significantly increase prices for industries and other consumers, an expert told the US House Oversight and Investigations Committee.

E&Y: New LNG exporters could change pricing status quo

Mar 19, 2013

A broadening of the LNG supply base will support anticipated demand growth in the next 10-20 years, although pricing scenarios are likely to change with more price-sensitive buyers becoming less willing to pay supply security premiums, according to a recent report by Ernst & Young.

ONGC group studies Mangalore LNG terminal

Mar 19, 2013

Oil & Natural Gas Corp. Ltd., Bharat Petroleum Corp. Ltd., and Mitsui & Co. Ltd. are studying feasibility of a 2-3-million tonne/year LNG terminal at Mangalore, on the southwest coast of India.

Statoil, ExxonMobil hit more gas on Tanzania Block 2

Mar 18, 2013

Statoil ASA and ExxonMobil Corp. have discovered gas at a third deepwater well, estimated to have 4 to 6 tcf of gas in place, on Block 2 offshore Tanzania.

OGJ Newsletter

Mar 11, 2013

International news for oil and gas professionals

Japex to buy stake in Canada LNG, shale gas project from Petronas

Mar 5, 2013

Japan Petroleum Exploration Co. (Japex) agreed to join the proposed British Columbia Pacific Northwest LNG venture and to buy a stake in the North Montney shale gas project from Malaysia’s Petronas.

WoodMac: LNG suppliers should focus on Southeast Asia

Mar 4, 2013

Global LNG suppliers looking at Asia should focus more on combined Southeast Asian markets—Indonesia, Thailand, Malaysia, and Singapore—as the LNG appetite of these markets increase. India, on the other hand, may disappoint.

US LNG conundrum solved

Mar 4, 2013

Listening only to the more vocal, sometimes hysterical opponents of US LNG exports might remind us of periods in US history when isolationists ruled political and economic thinking.

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