Post Tagged with: "LNG"

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China on a tear to expand domestic gas output and diversify its natural gas imports

China’s quest for natural gas

“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Cove Point LNG Facility Almost at the Finish Line

Introduces feed gas this week: commissioning operations underway

Dominion Energy Cove Point (ticker: D) introduced feed gas into its new LNG facility this week.

The facility has been under design, permitting and construction for the past several years and it …

LNG to the Rescue: Pakistan’s First LNG Import Terminal Receives 120 Shipments

LNG to the Rescue: Pakistan’s First LNG Import Terminal Receives 120 Shipments

From Business Recorder

KARACHI: Pakistan’s first Liquefied Natural Gas (LNG) energy terminal has received 120 shipments and injected 7.4 million tonnes LNG in the national transmission network since start of its operations, saving US $1.2 billion per year in the …

December 5, 2017 - 8:22 am Closing Bell Story‎, Energy News, LNG
Cheniere Adds LNG Tankers to its Fleet Amid Demand Boom in Asia

Cheniere Adds LNG Tankers to its Fleet Amid Demand Boom in Asia

From Reuters

LONDON, Dec 5 (Reuters) – U.S. liquefied natural gas (LNG) producer Cheniere Energy has expanded its shipping fleet with a flurry of spot vessel charters to keep up with Asian winter demand growth as spot prices LNG-AS hit …

December 5, 2017 - 7:53 am Closing Bell Story‎, Energy News, LNG
Poland Snags First 5-Year Contract for U.S. Natural Gas: Adios Russia

Poland Snags First 5-Year Contract for U.S. Natural Gas: Adios Russia

Polish Oil and Gas Company Group (PGNiG) signed a five-year contract with the UK’s Centrica LNG Company Limited. The LNG supply will be sourced from Cheniere Energy’s Sabine Pass LNG Terminal, USA (ticker: LNG).

The contract is on a DES …

Adding NatGas for Transportation: Clean Energy Expands LNG and CNG Users

Adding NatGas for Transportation: Clean Energy Expands LNG and CNG Users

Ryder System Inc. will add 20 LNG trucks for Toyota’s largest U.S. manufacturing plant; Clean Energy will provide fueling station for the trucks

Ryder System Inc. (ticker: R) has awarded Clean Energy Fuels Corp. (ticker: CLNE) a four-year fueling contract. …

November 21, 2017 - 5:46 pm Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
Tellurian Inc. Closes Deal with Rockcliff Energy Operating

Tellurian Inc. Closes Deal with Rockcliff Energy Operating

Tellurian Inc. (ticker: TELL) has closed a previously announced agreement with Rockcliff Energy Operating LLC to purchase natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million.

The assets include about 9,200 acres, 19 producing operated wells …

November 17, 2017 - 4:11 pm Closing Bell Story‎, Oil and Gas 360 Articles
Tellurian Enters $15 Billion Deal with Bechtel

Tellurian Enters $15 Billion Deal with Bechtel

Earlier today Tellurian Inc. (ticker: TELL) and Bechtel Oil, Gas and Chemicals, Inc. announced in a press release that the two companies have entered into four fixed price, lump sum turnkey agreements for a price totaling $15.2 billion.

The cost …

November 13, 2017 - 6:30 pm Closing Bell Story‎, LNG, Midstream, Oil and Gas 360 Articles
Source: U.S. Energy Information Administration and IHS Market

FERC Gets Back to Work Reviewing Pipeline Applications, and There Are Plenty of Them

Several key new projects approved in Northeast Utica and Marcellus; 50 more in process

Without pipelines to take Marcellus and Utica natural gas and liquids production to the markets that need the gas, the shale boom stagnates—it’s been a problem …

Canada Missed Out on Three ‘Nation-Building’ Energy Projects in 2017

Canada Missed Out on Three ‘Nation-Building’ Energy Projects in 2017

Three major energy infrastructure projects have been cancelled in Canada in recent months. These were pipelines and related export facilities that would have taken Canada’s oil and natural gas into new markets and allowed Canadian producers additional revenue opportunities and …

Canada’s Gas Price Will Remain Discounted $1.50 Below Henry Hub due to Stalled Canadian Pacific Coast LNG Export Projects: Deloitte

Canada’s Gas Price Will Remain Discounted $1.50 Below Henry Hub due to Stalled Canadian Pacific Coast LNG Export Projects: Deloitte

U.S. producers enjoy higher prices due to international customers for LNG export cargoes; Canadian gas becoming increasingly stranded – report

A lack of market choice for Canadian natural gas led to increased volatility and depressed prices over the summer, creating …

Anadarko Consolidates Corporate Leadership

Anadarko Consolidates Corporate Leadership

Anadarko Petroleum (ticker: APC) announced several high-level changes at the corporate management level this week, consolidating some management responsibility areas and shrinking its senior leadership team.

Investing focus is on U.S. onshore and tiebacks in the GOM: executive management team

Gulf of Mexico LNG Shippers Have a $45,000-a-Day Problem

Gulf of Mexico LNG Shippers Have a $45,000-a-Day Problem

Dealing with costly delays in getting tankers through the Panama Canal may slow down U.S. LNG shipments, according to Octavio Simoes, president of LNG export terminal developer Sempra LNG & Midstream. Bloomberg reported that Simoes calculated that every day a …

October 3, 2017 - 6:50 pm Arctic, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
TransCanada to Be Reimbursed Following Pacific NorthWest LNG Dump

TransCanada to Be Reimbursed Following Pacific NorthWest LNG Dump

TransCanada Corporation (ticker: TRP) will be reimbursed for all of the costs and charges it incurred to develop the Prince Rupert Gas Transmission (PRGT) project, following the announcement from Pacific NorthWest LNG that it was cancelling its approximately $11 billion …

U.S. Coal Finds Market in Europe, Gas Too

U.S. Coal Finds Market in Europe, Gas Too

U.S. responsible for 40% of the world’s new gas production by 2022: IEA

A report by the EIA indicated that coal exports—for both steam coal, used for power generation, and metallurgical coal, used for refining steel—have increased by 58% from …

Jordan Cove LNG Takes Forward Step

Jordan Cove LNG Takes Forward Step

Oregon LNG facility to be constructed by KBJ

Jordan Cove LNG announced its selection of KBJ, a joint venture partnership between Kiewit Energy Group Inc., Black and Veatch Construction, Inc., and JGC US Projects, LLC to engineer and construct Jordan …

As Big as Ghawar, Permian Oil and U.S. Shale Gas Could Potentially Fill Global Demand

As Big as Ghawar, Permian Oil and U.S. Shale Gas Could Potentially Fill Global Demand

Pioneer’s Scott Sheffield points to the Permian’s full potential, Cheniere CCO Anatol Feygin touts U.S. LNG export growth at the EIA 2017 Energy Conference

It’s been an interesting week or two for U.S. energy on the world stage. The new …

First U.S. Floating LNG Project Delfin Gets License to Export 1.8 Bcf/Day

First U.S. Floating LNG Project Delfin Gets License to Export 1.8 Bcf/Day

Delfin deepwater LNG clears export hurdle

The U.S. Department of Energy approved a long-term application to export liquefied natural gas (LNG) from the U.S.’s first offshore project, Delfin LNG, LLC.  Exports in the amount of 1.8 billion cubic feet per …

We want Private Companies to Operate Oil & Gas Storage Here: China

We want Private Companies to Operate Oil & Gas Storage Here: China

Chinese authorities announce plans to further reform the country’s oil and gas sector; call for increased imports of low-priced U.S. natural gas

China has said it will allow private companies to invest in the country’s oil and gas storage sector, …

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

On May 17, 2017,  U.S. LNG export startup Tellurian Inc. (ticker: TELL) announced it planned to sell 10,000,000 shares of its common stock in an underwritten public offering with Credit Suisse Securities (USA) LLC as the deal’s sole book-running manager …

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 …

Source: Royal Dutch Shell

43 Q1 Cargoes Shipped by Cheniere Add Up to Revenue, Earnings

We are all very impressed with the increase in demand, especially in Asia. And I don’t think any of the consultants have anticipated the demand increases that we’re starting to witness – Jack Fusco

The U.S.A.’s first operational LNG exporting …

May 5, 2017 - 2:02 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Societe Generale and Macquarie Capital Named Financial Advisors for Rio Grande LNG Project

Societe Generale and Macquarie Capital Named Financial Advisors for Rio Grande LNG Project

Two banks bring $40 billion of LNG capital raise history to the project

Texas-based LNG export developer NextDecade, LLC said it has appointed Societe Generale and Macquarie Capital to act as joint financial advisors in conjunction with the anticipated debt …

Source: http://www.gazprom.com/press/gallery/events/649250/

Gazprom Reports $17.5 Billion of Profit in 2016 Despite Weaker Pricing

Gazprom continues to sell an increasing amount of gas to Europe

Russia’s state-owned gas giant Gazprom (ticker: OGZPY) announced its financial results for full-year 2016 Thursday, reporting a stronger profit despite lower sales prices.

The company supplied a record 178.3 …

Gulf Coast LNG Importer Golden Pass Cleared to Export from Proposed $10 Billion Plant

Gulf Coast LNG Importer Golden Pass Cleared to Export from Proposed $10 Billion Plant

U.S. Oks Qatar Petroleum/ExxonMobil to Ship U.S. NatGas to Non-FTA Nations from Texas

The U.S. Department of Energy has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not …

April 26, 2017 - 4:54 pm Closing Bell Story‎, Jobs, LNG, Oil and Gas 360 Articles
An ONGC Asset Manager at Mori Source: ONGC

India Investing $3 Billion in Iran Gas Field

ONGC Videsh revised its plan to develop Iran’s Farzad-B natural gas block

India’s largest oil and gas explorer is looking to invest into Iran as the country looks for ways to meet its growing demand for oil and natural gas. …

Qatar to Restart Development of the World’s Largest Natural Gas Field

Qatar to Restart Development of the World’s Largest Natural Gas Field

Qatar lifts moratorium on developing the North Field, which holds the majority of the country’s natural gas

Qatar will end a self-imposed moratorium on further developing the North Field as it hopes to remain competitive and capture more market share …

Source: Gazprom LNG Storage Tanks

Asia is Forming an LNG Buyers’ Club

Roughly one-third of the world’s LNG purchasing power is lobbying for flexible contracts

Global oversupply in liquefied natural gas has emboldened buyers to push for more favorable contracts.

Korea Gas Corp. (KOGAS), Japan’s JERA and China National Offshore Oil Corp. …

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere’s Midship open season ends March 30

Cheniere Energy’s (ticker: LNG) Midship Pipeline Company, LLC has signed agreements with foundation shippers to support construction of a 200 mile, 36-inch interstate natural gas pipeline project and has launched a binding open …

ExxonMobil Takes $2.8 Billion Dive Offshore

ExxonMobil Takes $2.8 Billion Dive Offshore

ExxonMobil acquires a 25% stake in Eni’s Mozambique offshore project

ExxonMobil (ticker: XOM) announced Friday that the company has purchased a 25% indirect interest in the natural gas Area 4 block offshore Mozambique from Eni (ticker: E) for $2.8 billion. …