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liquefaction
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Shell Decides to Move Forward with Groundbreaking Floating LNG
Dec 10, 2016The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to ...
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Shell to Sell Its Equity Interest in The Elba LNG Joint Venture to Kinder Morgan
Dec 9, 2016Permitting continues for the proposed Elba Liquefaction Project, which consists of 10 small-scale liquefaction units to be purchased from Shell. They will be integrated with the existing Elba Island facility and enable rapid construction ...
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ExxonMobil to Acquire InterOil in Transaction Worth More Than $2.5 Billion
Sep 28, 2016ExxonMobil to pay $45 per share plus additional cash payment based on Elk-Antelope resource size Boards of directors of both companies unanimously approve terms of agreement Acquisition adds to ExxonMobil resources in successful ...
Tags: ExxonMobil, InterOil, transaction
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China's Silk Road Fund to Buy Into Russian LNG Project
Dec 22, 2015China's Silk Road Fund, a medium- to long-term investment fund, will buy 9.9 percent of a Russian liquefied natural gas (LNG) project. The Silk Road Fund said Friday that it entered into a set of binding agreements with Russia-based ...
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Repairs to New Panama Canal Locks to Be Completed by January: ACP
Dec 2, 2015Repairs to reinforce the sills of the Panama Canal's new locks, which were found to be deficient earlier this year, will be completed by January 2016, the Canal Authority of Panama (ACP) said Tuesday. During routine operational testing of ...
Tags: ACPH, Locks, LNG-tanker traffic
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Alaska House Approves Buyout of Transcanada Share of Alaska LNG
Nov 6, 2015Alaskan legislators on Wednesday approved the state's buyout of TransCanada's interest in the Alaska LNG Project. The state House of Representatives voted Wednesday to approve funds for the acquisition, which was proposed by Governor Bill ...
Tags: Alaska LNG, TransCanada, oil revenues
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Independent Players Push for Access to LNG Supply
Jan 30, 2015Falling LNG costs and rising domestic gas prices in China have made opportunistic purchases increasingly attractive for non-traditional LNG buyers, which are now putting pressure on state-owned terminal operators to gain access to their ...
Tags: LNG prices, LNG market
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RIL Is Implementing a Project to Source 1.5 MMTPA of Ethane From US to Feed Its Crackers
Aug 25, 2014Reliance Industries Ltd (RIL), India’s biggest private sector company, is implementing a project to source 1.5 MMTPA of ethane from US to feed its crackers in India. RIL has executed storage and capacity agreements for liquefaction ...
Tags: RIL, 1.5 MMTPA of Ethane, Textile
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GAIL Announced The Signing of a MOU with Sumitomo Corporation
Aug 13, 2014GAIL (India) Limited announced the signing of a Memorandum of Understanding (MOU) with Sumitomo Corporation, Japan (Sumitomo). Under the MOU, GAIL and Sumitomo will pursue business opportunities in natural gas and LNG value chain business ...
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More Than Half of Asia's Gas Needs Will Be Supplied by LNG by 2030
Jun 6, 2014More than half of Asia's gas needs will be supplied by LNG by 2030, Santos Ltd CEO David Knox said Thursday, adding that this will provide the Australian LNG exporter opportunities to grow. Speaking from the Brisbane Mining Club, Knox ...
Tags: Gas, Chemicals, Metallurgy, Mineral, Energy
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Australia Is Due for a Second Wave of LNG Project Development
Jun 3, 2014Australia is due for a second wave of LNG project development, despite spiraling costs that have hindered further progress in recent years, Santos Vice President of LNG Markets and Eastern Australia Commercial Peter Cleary said. Speaking ...
Tags: LNG Development, LNG Markets
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GDF Suez and Japanese Tohoku Electric Will Deliver 270,000 Mt/Year of LNG Over 20 Years
May 21, 2014GDF Suez has signed a sales and purchase heads of agreement with Japanese utility Tohoku Electric Power to deliver 270,000 mt/year of LNG over a 20-year period starting in 2018 from the planned Cameron LNG plant in the US, the French ...
Tags: LNG, Tohoku Electric
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Japanese Companies Are Expected to Maintain Profit Growth
May 9, 2014Listed Japanese companies as a whole are expected to maintain profit growth in the fiscal year ending March 2015, but management, concerned by the recent sales tax hike and emerging-market slowdowns, have issued conservative earnings ...
Tags: Electrical, Electronics
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Malaysia Approved a 20% Increase in Natural Gas Prices for Industrial & Commercial Sectors
Apr 16, 2014Malaysia has approved a 20% increase in natural gas prices for industrial and commercial sectors in the west of the country, effective May 1, in order to reflect the cost of procuring more expensive imported LNG. Domestic natural gas ...
Tags: natural gas, LNG Cost
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The Global LNG Market Will Remain Tight Through The End of The Decade
Apr 9, 2014The global LNG market will remain tight through the end of the decade as growing demand in Asia, South America and Europe outpaces supply constrained by high costs and underdeveloped infrastructure, according to a study released Thursday by ...
Tags: LNG Market, LNG demand
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