Death of LNG projects may lift market from rout
The demise of LNG projects such as Woodside Petroleum planned $40 billion Browse facility due to a plunge in energy prices is probably what will lift the market out of its current rut.
LNG
China’s ENN takes $0.75billion Santos stake
Chinese gas distributor ENN has bought a $750 million stake in Australian gas producer Santos as it attempts to ease its dependence on state-owned suppliers for supply.
Growth in LNG production leads to more export terminals
The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that has put the United States in a new position in worldwide energy trade.
Dong expands LNG trading unit as global volumes rise
Dong Energy is expanding its liquefied natural gas trading business to profit from more global supply heading to Europe.
Petrotechnics wins US LNG contract
Software provider Petrotechnics has secured a contract with a North American LNG operator to supply its Proscient platform at the operator's Gulf of Mexico facilities.
Cheniere lines up first tanker export of US LNG
A LNG tanker docked at the Sabine Pass terminal in Louisiana only days before the United States ships its first export cargo of seaborne gas from the lower 48 states.
Golar LNG strikes purchase agreement deal worth $330million
Golar LNG said it has entered into a purchase agreement to sell the Golar Tundra for $330million.
Agreement for Petronas LNG terminal terminated
A key agreement for Petronas’ planned liquefied natural gas receiving and regasification terminal at Lahad Datu in Sabah has been terminated.
GNPC, Quantum Power team up for Ghana LNG facilties
GNPC (Ghana National Petroleum Corporation) and Quantum Power has signed heads of terms for the construction and operation of LNG facilities.
Total signs long-term LNG deal in Indonesia
Total has signed long-term liquefied natural gas (LNG) sale and purchase agreements with state-owned Indonesian company Pertamina.
Shell transitioning Texas trucking fleet to LNG vehicles
Oil major Shell is transitioning its trucking fleet to more liquefied natural gas-fuel vehicles in Houston and Louisiana.
Technical glitch hits Sakhalin-2
An evaluation is underway after a technical glitch at a gas compressor in Russia.
Tanzania finalises land acquisition for LNG plant
Tanzania said it has finalised a land acquisition for the site of a planned LNG plant.
Chevron will supply more Gorgon LNG to China
Chevron has signed its second agreement in as many months to sell liquefied natural gas to China.
Oil price crash will hit LNG prices in 2016 according to new report
The price of LNG appears to be set for another downturn in 2016 with new projects in Australia and the US weighing on spot prices according to a new report.
Chevron moves one step closer to Gorgon milestone
Oil major Chevron will soon mark a milestone in its preparations to start exports from its Gorgon LNG project in Australia. The company's $54billion project could soon be marking its first shipment after the company said an LNG cargo had arrived at its plant on Barrow Island.
Real growth in the LNG market is “post 2016”
Growth in the LNG market is not likely to happen until next year, according to new research on the current marketplace. Wood Mackenzie’s latest review of the global LNG industry found the market was characterised by weak Asian demand last year, with a year on year decline of 2%. Many LNG players are said to have shifted their focus from developing markets and have been employing new regasification capacity as a result.
Origin Energy confirms shipment of LNG from Curtis Island
Origin Energy has confirmed its first shipment of LNG (Liquefied Natural Gas) has departed the Australia Pacific LNG facility on Curtis Island in Queensland. The company said the Methane Spirit departed the Island near Gladstone earlier this month.
AWE moves forward with Waitsia gas project
Australian oil and gas explorer AWE has taken the final investment decision to develop Stage 1A of the Waitsia gas field project, located onshore in the Perth Basin in Western Australia.
Chevron makes job losses from its Gorgon LNG plant
Chevron has made around 1,000 workers redundant from its Gorgon LNG plant in Australia as it looks to streamline costs.
Guanghui Energy agrees to import LNG from Petronas
Guanghui Energy has agreed to import LNG from Petronas. The LNG provider said it would start to supply LNG to the company from 2017.
Ophir agrees terms for Fortuna LNG offtake
Ophir Energy has signed a heads of agreements for LNG offtake from the Fortuna FLNG project off Equatorial Guinea.
Petronet in talks with RasGas on new LNG pricing formula
Petronet, India’s biggest gas importer, is in talks with Qatar’s RasGas to work out a new pricing formula for an existing 25-year contract.
Anadarko signs deal to develop Mozambique LNG resources
Anadarko has signed an agreement for the development of the massive natural gas resources that straddle two offshore blocks.
BG assumes full control at Australian LNG plant
BG Group has begun commercial operations from the second train at its Queensland Curtis LNG plant in Australia, assuming full control of the facilities in the process.