The global LNG market is expected to see a peak in supply tightness in 2014, rising Asian demand will likely match the average 0.9 Bcf/day additional liquefaction capacity expected to come onto the market in the year, Barclays Research said ...
Indonesia’s largest petrochemical firm PT Chandra Asri and German company Ferrostaal Industrial Projects GmbH have signed an agreement to set up a methanol-based olefin production complex in Indonesian province of West Papua. ...
Tags: Chandra Asri, Ferrostaal Ink, PP, Ethylene
Russia increased LNG exports 38.5% year-on-year in the first half of 2013, to 5 million mt, according to data released Tuesday by the Far East branch of Russia's customs service. Russia exports LNG from the Sakhalin 2 LNG plant in ...
Tags: LNG Exports, Chemicals
Sustained weak demand from North Asian LNG end-users, reflected in the slump in spot prices, has shown little sign of recovering despite the start of the traditionally stronger summer season. Coming out of the April-May shoulder months, ...
Tags: Chemicals
The UK's BG Group expects the Egyptian government to continue to allow LNG exports from the country despite the current gas shortages on the domestic market, BG CEO Chris Finlayson said Thursday. Egypt is a key market for BG and a fall in ...
Tags: LNG Exports, Local Shortages
Royal Dutch Shell, Japan's Mitsubishi and Iraqi state-owned South Gas Company have launched a long-delayed project to capture and market gas from some of Iraq's biggest oil fields, Shell said Wednesday, adding that it would be the largest ...
Tags: Royal Dutch Shell, Mitsubishi
Russian gas giant Gazprom held discussions Wednesday with Japan's Ministry of Economy, Trade and Industry (METI) on expansion of energy cooperation, with joint design and construction of a nationwide gas grid for Japan among the issues on ...
Tags: National Gas Grid, Chemicals
Russia's gas giant Gazprom expects to reach an agreement on the price of gas to be supplied to China via the eastern route in June, and sign a deal by the end of this year, Gazprom chairman Viktor Zubkov said in the full version of a TV ...
Tags: Gas Price, Eastern Route, Chemicals
Australian coalseam gas junior WestSide has decided to bring talks over a potential takeover to a conclusion in the "near term," the company said in a statement Tuesday. Westside announced in November 2012 that it had received an ...
Tags: coalseam gas, WestSide, potential takeover
Shell's Nigeria unit may be forced to shut down completely its key Nembe Creek oil pipeline in the Niger Delta following repeated attacks on the facility by thieves siphoning crude, the chairman of Shell companies in Nigeria, Mutiu Sunmonu, ...
Tags: Shell, oil pipeline, oil
Repsol on Tuesday announced a $6.7 billion deal that will see Shell purchase a package of LNG assets from the Spanish firm. Repsol will sell Shell its interests in LNG facilities in Trinidad and Tobago, Peru and Spain as well as LNG ...
Italy's Eni will spend a total of $1.445 billion to develop the Jangkrik North East offshore gas field in Indonesia's Muara Bakau block in the Makassar Strait, the head of Indonesia's upstream regulator SKK Migas said Friday. The ...
ExxonMobil's Papua New Guinea LNG plant is on schedule to start up and ship its first LNG in 2014, Peter Botten, Managing Director of minority project shareholder Oil Search, said at a conference Thursday. The 6.9 million mt/year, ...
Tags: ExxonMobil, Oil Search, natural gas
McIlvaine Company has revised its forecast for growth in the industrial valve industry over the next five years. The current forecast is for 5 percent growth. This is being revised to 5.5 percent CAGR for the 2013-2017 period. The basis ...
Japan imported 6.66 million mt of LNG in November, almost stable from October, when imports were recorded at 6.67 million mt, customs data released Thursday by the Ministry of Finance showed. However, LNG imports were down 4.5% from ...
Tags: Japan, LNG, LNG imports, Japan economy