Post Tagged with: "japan"

Source: Reuters

Japan launches energy policy review amid global push for greener power

Reuters


TOKYO – Japan on Tuesday launched its latest three-yearly energy policy review, with the country grappling with a need to cut greenhouse gas emissions even as the public remains wary over nuclear power following the Fukushima disaster.

In its …

An Oryx Midstream facility (source: Oryx Midstream Services)

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

From CNBC


Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects.

“Australia and Qatar continued to jostle …

Source: Elevate Midstream Partners

Tailwater-Backed Elevate Midstream Enters into Eight Year Agreement with Sabine Oil and Gas

By Tyler Losier, Energy Reporter, Oil & Gas 360

Elevate Midstream Partners enters into eight year gathering and treating agreement with Sabine Oil and Gas
Elevate Midstream Partners LLC, a private company based out of Houston, has entered into an

Australia Poised to Become World’s Largest LNG Exporter

Australia Poised to Become World’s Largest LNG Exporter

From The Houston Chronicle


Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting.

Australian LNG capacity reached 11.4 billion cubic feet a day …

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters


Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

The carbon …

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

From Reuters


An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said.

The …

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

By Tyler Losier, Energy Reporter, Oil & Gas 360

Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation
Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil &

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

EIA: Saudi Arabia Has Been Exporting More Crude Oil to China, Less to the United States

From the EIA


Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 million barrels per day (b/d), more than 1 million b/d lower than its all-time high in November 2018. Production in Saudi …

Source: Islamic Republic News Agency

Oil Spikes After ‘Suspicious’ Tanker Attacks in Middle East

By Tyler Losier, Energy Reporter, Oil & Gas 360

Two vessels seriously damaged after seemingly intentional strike
Two tankers were attacked Thursday near the Strait of Hormuz in the Gulf of Oman, leading to a spike in oil prices as

American President’s Japanese Carrier Visit: Both Ironic and Symbolic

American President’s Japanese Carrier Visit: Both Ironic and Symbolic

Upbeat state visit overweight on optics, but visit to potent warship signals upgraded trajectory for Japan-US alliance

From Asia Times

US President Donald Trump’s state visit to the Land of the Rising Sun started on Saturday.

With Japanese Prime Minister …

Japanese Refiners Halt Iran Oil Imports as Waiver Expiry Looms

Japanese Refiners Halt Iran Oil Imports as Waiver Expiry Looms

From Reuters

Japanese refineries have put a halt on imports of Iranian oil after buying 15.3 million barrels between January and March ahead of the expiry of a temporary waiver on U.S. sanctions, according to industry sources and data on …

March 29, 2019 - 5:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Freeport LNG

How Investing in the American LNG Boom Backfired on Toshiba

From Bloomberg

 

  • Toshiba to pay ENN unit to take over its U.S. LNG business
  • Toshiba soured on Freeport deal when energy prices crashed

Buy high, sell low and guarantee a loss. It’s not exactly what Toshiba Corp. planned when …

November 9, 2018 - 11:22 am Closing Bell Story‎, International, LNG
Tokyo Gas Won’t Increase Its U.S. LNG Purchase Volumes

Tokyo Gas Won’t Increase Its U.S. LNG Purchase Volumes

Looking to diversify procurement conditions with non-U.S. suppliers

TOKYO, Oct 11 (Reuters) – Tokyo Gas Co. is not considering raising U.S. liquefied natural gas (LNG) purchase volumes as it seeks to diversify procurement portfolio, its President Takashi Uchida told reporters …

October 12, 2018 - 6:17 am Closing Bell Story‎, Energy News, LNG
First Tanker of Cove Point Gas Transits Panama Canal en route to Japan

First Tanker of Cove Point Gas Transits Panama Canal en route to Japan

From Seatrade Maritime News

Underscoring changing trade patterns the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the US to Japan has transited the Panama Canal.

The transit of the LNG Sakura, which occurred last …

May 1, 2018 - 2:54 pm Closing Bell Story‎, Energy News, LNG
Turn Up the Gas: Japan LNG Imports Hit Five-Year High as Cold Bites

Turn Up the Gas: Japan LNG Imports Hit Five-Year High as Cold Bites

From Reuters

SINGAPORE (Reuters) – Japanese imports of liquefied natural gas (LNG) hit their highest in at least five years in January, with shipments expected to continue at a brisk pace this month as freezing weather keeps its grip on …

February 1, 2018 - 8:32 am Closing Bell Story‎, Energy News, LNG
Cove Point Fall Colors, Nov. 2017

Dominion Energy Cove Point LNG Says it will Start Up Commercial Ops Early 2018, Denies LNG Contract Re-Negotiations

Dominion Energy (ticker: D) issued a statement today saying it would begin commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, …

December 19, 2017 - 2:23 pm Closing Bell Story‎, Energy News, LNG, Oil and Gas 360 Articles
Source: Gazprom. LNG Tanker

Global LNG Competition Stiffens: Who’s Got the Best Deal for Me?

Malaysia’s Petronas is looking to entice global buyers with smaller, shorter, more flexible LNG contracts and to eventually supply trucks and ships with the fuel

Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts …

Japanese Govt. will Lend Iraq $2.1 Billion to Develop Basra Refinery

Loan Terms: 40 Years at 2%

From Iraqi News

(IraqiNews.com) Basra – Basra Provincial Council announced that the Japanese government has agreed to lend 2.1 billion US dollars to Iraq for developing Basra refinery and added that the loan will …

July 25, 2016 - 10:28 am Closing Bell Story‎, Downstream, Finance, International
Source: Gazprom. LNG tanker

Natural Gas Price Battered by Faltering Asian Demand and New LNG Supply Coming Online

Natural gas prices are down more than 4% today at $1.67 per MMBtu, the lowest they have been since 1999. Waning demand for natural gas in Japan, warmer weather expectations in the U.S., along with an expected surge in LNG …

March 2, 2016 - 6:39 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Source: Gazprom Sakhalin II LNG

Oil Exports from Russia to Japan are Up 20% in 2015

Japan increasingly buying its oil from Russia

Russia and Japan are becoming increasingly close energy partners, a trend that Igor Sechin, CEO of Rosneft (ticker: RNFTF) believes will continue into the future. Sechin said today that Russia’s oil exports to …

Japan Restarts its First Reactor since Powering Down after Fukushima

Japan Restarts its First Reactor since Powering Down after Fukushima

Five reactors in Japan are cleared for restart, but need local approval

Yesterday, Japan restarted the Kyushu Electric Power Company’s 846 megawatt (MW) Sendai Nuclear Power Station Unit 1, marking the first reactivation of a nuclear power plant in Japan …

August 12, 2015 - 6:48 pm International, Oil and Gas 360 Articles
Source: ECI Monthly Report

Will U.S. LNG Help Shore Up Japanese Economy?

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 …

November 19, 2014 - 3:28 pm International, Oil and Gas 360 Articles
Two More U.S. LNG Export Projects Move Forward

Two More U.S. LNG Export Projects Move Forward

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 …

October 30, 2014 - 6:43 pm Finance, International, Oil and Gas 360 Articles
Japan Has a Problem

Japan Has a Problem

Japan has an intelligent, well-educated citizenry, strong business leaders and dedicated workers who created an industrial juggernaut that has been the envy of the world for decades. But Japan has a problem.

With no natural gas and very limited oil …

Japan Looks to Import U.S. Natural Gas

Japan Looks to Import U.S. Natural Gas

With its 55 nuclear reactors currently offline in answer to the devastating earthquake and tsunami it suffered in March 2011, Japan has been forced to import more expensive alternative fuels to replace the homegrown nuclear-fueled electrical generation capacity which previously …

Cabot Oil & Gas to Sell LNG to Japan; Marcellus Production hits 1.5 Bcf/d

Cabot Oil & Gas Corporation (ticker: COG), headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. The company’s predominate growth asset is the Marcellus Shale in Pennsylvania …

December 19, 2013 - 3:59 pm Midstream, Oil and Gas 360 Articles
Japan and India Create LNG Buyer’s Group in Hopes of Luring Additional Imports

Japan and India Create LNG Buyer’s Group in Hopes of Luring Additional Imports

The governments of Japan and India announced on September 9, 2013, a joint buyer’s group agreement to increase the importation of liquefied natural gas (LNG) in an attempt to offset their rising energy prices.

According to Mari Iwata’s report in …

September 10, 2013 - 3:44 pm International, Oil and Gas 360 Articles, Regulatory