Pakistan's highest decision making body -- the Economic Coordination Committee -- has failed to take a decision on the award of a multi-billion dollar contract to import 400,000 Mcf/day of LNG over 15 years and has left the matter to the ...
Tags: LNG, Petroleum, Natural Resources
Only a change in the price formation mechanism will reflect the current supply-demand situation for LNG in Asia, not just a bid to reduce the price level, Jonathan Stern, professor at the Oxford Institute for Energy Studies, said at a ...
Tags: price formation mechanism, LNG, Asia
Australia's Liquefied Natural Gas Limited has signed an exclusive lease option agreement with the US' Lake Charles Harbour and Terminal District Authority for the site of its proposed Magnolia LNG project in Louisiana, the company said ...
Tags: Liquefied Natural Gas, Magnolia LNG project, chemicals
US policymakers should provide an opening for normal exports of light crude and other hydrocarbons that are seeing increased production due to the shale boom, ConocoPhillips Chairman and CEO Ryan Lance said Tuesday at an industry gathering. ...
Tags: light crude, hydrocarbons, US
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
UK natural gas for same-day delivery rose to 108 pence/therm Monday morning -- a price the market has not closed above since 2006 -- due to unplanned North Sea outages. Stormy weather caused a failure in the Norwegian power grid system ...
Tags: gas, natural gas, oil pipeline system
Platts April LNG Japan Korea Marker ended the Asian trading week at $17.875/MMBtu, down 32.5 cents/MMBtu, as North Asian spring demand subsided along with expectations of temperatures warming up in the period. The one-month weather ...
Tags: LNG, gas, market view
Daewoo Shipbuilding & Marine Engineering Company Limited (DSME) has selected Intergraph® SmartPlant® Enterprise solutions for operations and maintenance data handover of the INPEX Ichthys LNG Project in Australia. INPEX, operator ...
Tags: Daewoo Shipbuilding, Marine Engineering, Intergraph, SmartPlant
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 ...
Asia will become the second-largest global natural gas market after North America by 2015 with annual demand rising to 790 billion cubic meters, the International Energy Agency said in a report released Tuesday. "Asia is already home to ...
Tags: natural gas market, Chemicals, Metallurgy
After the 2013 NASPD Annual Conference's kickoff cocktail reception in Las Vegas on February 21, 2013, the nearly 500 attendees got down to the business of making sense of the pipe market during the general session Friday morning. ...
Tags: pipe, pipe market, pipe industry
Hoping to extend Linux's reach to ARM-based networking equipment, the not-for-profit engineering group Linaro has launched an initiative to develop code to run routers, switches and other networking equipment. "As companies use ARM more ...
Tags: networking, networking equipment
Southeast Asia's LNG demand would represent a third of Asian LNG demand growth by 2025, while India's would represent one-seventh, Nicholas Browne, Senior Gas Market Analyst at Wood Mackenzie said Wednesday. Total Southeast Asian LNG ...
Tags: Southeast Asian, Wood Mackenzie, Chemicals
The looming decision on expanding US liquefied natural gas exports will likely be on the agenda during this week's meeting between Japanese Prime Minister Shinzo Abe and President Barack Obama, industry observers said Tuesday. "It's just ...
Tags: natural gas exports, natural gas, LNG export