In recent years there has become an acute awareness of the importance of energy security around the world, particularly in Japan. In 2011 a powerful tsunami from the Pacific knocked the Fukushima Daiichi nuclear power station offline, and led to Japan’s decision to close the rest of Japan’s 54 nuclear reactors. Japan, being the world’s third largest economy, was left
Republican Sen. John Hoeven of North Dakota is holding back his legislation to fast-track the Energy Department’s reviews of LNG exports for now, reports E&E News. Hoeven said he made this decision after talking to Department of Energy (DOE) head Ernest Moniz in order to garner more support for the bill before it goes to the Senate. The bill would
Cove Point Begins Construction, Freeport Secures Financing Japanese/Asian Customers Lock Up Capacity of Both Projects With three years of governmental review and permitting out of the way, Dominion (ticker: D) announced today it has begun construction activities on its Cove Point LNG Export project on the western shore of the Chesapeake Bay in Maryland. The estimated price tag to add
Another U.S. Liquefaction Plant Breaks Ground, Lithuania Says ‘Goodbye Gazprom’ Construction is Underway on Cameron LNG’s U.S. Liquefaction/Export Facility Last week Cameron LNG broke ground on its $10 billion export plant in Hackberry, Louisiana. This sets the company off on a four-year project to build a liquefaction and export facility that will convert U.S. natural gas to liquefied natural gas (LNG) for
A 30-year oil and gas veteran gives his perspective on the E&P space, oil prices, OPEC, LNG and New York’s shale Oil & Gas 360® had an opportunity to speak with John Gerdes about the oil and gas industry from his perch in Houston as KLR Group’s Managing Director and Head of Research. KLR is a merchant and investment bank,
At one of today’s sessions at the 2014 Natural Gas Symposium in Denver, hosted by Colorado State University’s Energy Institute, panelists discussed global implications of the abundance and accessibility of North American natural gas and how the shale revolution is changing the geopolitics of energy. The panel looked at such things as how U.S. shale gas could affect global economic
In May 2014, the United States government announced intentions to accelerate the review process for LNG exports. The decision came when tensions were rising among Russia and the rest of Europe regarding its involvement in Ukraine. Europe threatened sanctions and Russia warned of cutting off supplies, but there was a major problem: the sides are mutually dependent on each other.
Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil (ticker: XOM), TransCanada (ticker: TRP), BP (ticker: BP) and ConocoPhillips (ticker: COP) filed a FERC pre-filing request, effectively launching the early design phases of their Alaska LNG Project, an estimated $65 billion, 20 MM metric ton LNG facility, to be built in the Nikiski area on the Kenai Peninsula. Concurrently, Russia’s
Pengerang, Malaysia is the designated site for RAPID—Refinery and Petrochemicals Integrated Project—a mega-sized refinery and energy-focused industrial and petrochemical complex. RAPID was launched to boost Malaysia’s future energy needs, economic growth and to establish Petronas’ position as a key player in the Asian chemicals market. The 2,526-hectare site in Pengerang, Johor, is part of the Johor State’s Pengerang Integrated Petroleum
Experts were predicting half way through 2013 that what was unthinkable just a year before might actually happen in 2013: the Marcellus gas production might reach 10 Bcf/day. The shale deposit that now accounts for almost 40% of U.S. shale gas production blew past that milestone and it has now achieved another milestone: natural gas production in the Marcellus region surpassed
In part of its effort to “wage war on pollution,” as promised by Premier Li Kequiang, China’s shipyards will take upwards of $10 billion in orders for new LNG tankers this decade. Most of this demand is local, according to Choe Young-keun, an executive on the marketing planning team at South Korea’s Samsung Heavy, competitor in the drill ship, liquefied
Yesterday, the Department of Energy (DOE) announced that it will allow LNG Development Co. (ticker: LLC) to export LNG from a terminal in Warrenton, Oregon, to countries without a Free Trade Agreement. The terminal is the first of its kind to be approved on the West Coast. The terminal is still subject to environmental review and final regulatory approval from
