Business & Markets
Japanese Utilities Boost LNG Use 15%; Oil 70-80%
LNG connsumption by Japan's 10 regional power utilities rose 15% last year as almost all the country's nuclear plants stayed shut. Power companies used an average 7.55 Bcf/d in 2012, up from 6.55 Bcf/d in 2011. LNG consumption increased by 20% in 2011.
Trelleborg Awarded Curtis Island LNG Equipment Contracts
Trelleborg Marine Systems was been awarded three contracts to supply docking and mooring equipment and monitoring software to all three liquefied natural gas (LNG) projects on Queensland’s Curtis Island: Queensland Curtis LNG, Gladstone LNG and Australia Pacific LNG.
Sempra Files Permit To Add Facilities At Louisiana LNG Terminal
Sempra Energy has reached an important milestone to add natural gas liquefaction and export facilities to its existing Cameron LNG terminal in Hackberry, LA, filing its permit application with the Federal Energy Regulatory Commission requesting approval to begin project construction.
Gas Challenges For Japan In Near Term, Improving Later In Decade
The “map” of natural gas around the world is changing dramatically and the consequences will be of great importance for Japan, said IHS Vice Chairman Daniel Yergin.
Jacobs Tapped For Gas Project In Australia
Jacobs Engineering Group Inc. was awarded a contract from Santos GLNG Project in Australia to provide support for its coal seam gas field development. Officials said the duration of the contract is three and a half years with a one-year extension option.
GE Engines Powering First LNG-Fueled Drilling Rigs In Marcellus Shale
To reduce the environmental impacts and improve the economic performance of their U.S. unconventional gas production activities, energy developer Seneca Resources Corp. and drilling partner Ensign Drilling have installed two of GE’s Jenbacher gas engines to power the first LNG-fueled drilling rigs of their kind in the Marcellus Shale region of Pennsylvania.
DOE LNG Report Opens Door To Liquefaction Approvals
The Department of Energy published a report from NERA Economic Consulting which concludes unlimited exports of U.S. LNG will help the U.S. economy, and the greater the exports, the greater the public good.
Industry Veterans Weigh In On Oil And Gas Development Internationally, Post-Election
Increasing production and continuing opportunity for the oil and gas markets were the focus of “A New World of Opportunity,” Deloitte’s 2012 oil and gas conference held Nov. 13 in Houston.
Nova Scotia May Get LNG Export Plant
Pieridae Energy Canada wants to develop an LNG export facility in Goldboro, Nova Scotia.
Western Australia Moves To Develop Gas Resources
Western Australia will allow a joint venture of Buru Energy and Mitsubishi to develop five gas resources in the Canning Basin.
LNG Export Plans Lay Foundation For An Emerging Market
The engineering, procurement and construction (EPC) business has a buzz under way with the advent of a new natural gas industry building boom idling on the sidelines as more than a dozen proposals for federal permits await a decision on the start of a domestic LNG export program. The industry assumption is federal policymakers - regardless of who controls the White House - will give the green light to many of the export projects.
LNG Contracts Require Require Diligence, Caution
As natural gas prices in the United States approach their lowest point in a decade, several companies are in the early stages of developing liquefaction terminals to facilitate LNG exports.[1] Capacity at or output from these facilities is being snapped up by customers and buyers long before the facilities themselves are completed.
Alaska Producers Envision LNG Export Mega Project
Alaska North Slope producers are considering building one of the world's largest and most expensive liquefied natural gas projects, according to a letter the companies sent last month to Gov. Sean Parnell.
Cheniere Files FERC and DOE Applications for Proposed Corpus Christi Liquefaction Project
Cheniere Energy, Inc. has announced that its wholly owned subsidiary, Corpus Christi Liquefaction, LLC has filed an application with FERC for authorization to site, construct and operate an LNG export facility near Corpus Christi, Texas.
Papua New Guinea LNG Expansion Looming
Competition from lower-cost LNG in North America and East Africa will favor expansion of existing LNG projects in and around Australia over costly new developments, Bernstein Research analysts said Sept. 6.
Excelerate Energy Wins Permission To Export LNG
The U.S. Department of Energy has granted Excelerate Energy a long-term, multi-contract authorization to export LNG to free trade agreement nations from its Lavaca Bay LNG project, currently under development.
Qatargas Seals LNG Deal With Japanese
Qatargas Operating Company Limited (has signed a new long-term LNG Sales and Purchase Agreement (SPA) with the largest Japanese LNG buyer, Tokyo Electric Power Company, Incorporated (TEPCO).
Report Says Canada Must Spend $50 Billion To Compete On LNG
Canada must speed development of liquefied natural gas export projects to compete with emerging international players also vying to supply growing Asian economies, Ernst & Young stated in a report that puts the cost for infrastructure needed over the next decade at $50 billion.
Atlas Copco Compressors Inaugurates Houston Facility
Atlas Copco Compressors Product Company has dedicated a new 96,000 square foot facility in Houston, housing customer relations for North and South America as well as producing a wide range of air compressors, dryers and skid packages. The new building brings together 150 employees from several Atlas Copco subsidiaries under one roof to create its largest office in the United States.
Supply Chain Fleet Operators Eying Natural Gas Power
In increasing numbers, major U.S. contract freight carriers are deploying heavy-duty natural gas-powered trucks to support their customers’ supply chain transport requirements.
Japan Looks To Canada For Gas
Platts reports Japan and Canada agreed March 25 to cooperate on developing energy resources, including natural gas and minerals in Canada.
Former Exxon CEO Says Shale Unknowns Could Hinder LNG Exports
Political constraints and concerns that production gains at shale fields aren't sustainable will hinder development of LNG export plants in the United States, former ExxonMobil chief Lee Raymond said in an article reported by Bloomberg.
LNG Exports: The Newest Economic Engine, Or A Fad That Will Pass?
At the end of 2011, the shale boom continued to spawn new-found expectations for U.S. oil and natural gas resources that contain large opportunities for the pipeline and other infrastructure sectors that are quietly riding the production upswing. Resulting low domestic gas prices relative to other global markets have sparked a scramble for export licenses to ship liquefied natural gas (LNG) to Europe and Asia.
China Receives First Qatari LNG Cargo
Qatargas recently delivered its first Q-Max LNG cargo to China from the Q-Max vessel, Bu Samra.
Excelerate Energy Performs 200th Ship-to-Ship Transfer Of LNG
Excelerate Energy® L.P. completed its 200th commercial Ship-to-Ship (STS) transfer of LNG on Nov. 27 in Escobar, Argentina at the GNL Escobar LNG import facility.
LNG Terminal Begins Supplies On Gulf Coast Under Long-Term Contracts
GE Energy Financial Services said its co-owned Gulf LNG regasification and LNG storage facility on the Gulf of Mexico has begun operations. GE made the announcement at a ceremony at the facility in Pascagoula, MS, joined by Gov. Haley Barbour and executives of El Paso Corp.
Senate Committee To Study Effect Of LNG Exports On U.S. Prices
While producers are aggressively pursuing projects to sell large quantities of LNG to Asia, that prospect is raising alarm among consumer groups who fear that rising exports could drive up domestic prices.
Dominion Resources Looks To Export LNG
Richmond, Va.-based Dominion Resources Inc. has applied to the Department of Energy to allow 1 Bcf/d to be exported through its Dominion Cove Point terminal in Maryland. The application seeks permission to exports LNG to any country with which the U.S. does not prohibit trade.
Energy Exec Offers Bright Outlook For U.S. Energy
Breitling Oil and Gas Corp. was founded in Irving, TX in October 2004 as an independent exploration company willing to invest in state-of-the-art petroleum development throughout the United States, in particular Texas and Oklahoma.
Construction Begins On $235 Million Red Bluff Project
Southern Union has approved construction of the $235 million Red Bluff Project, a 200 MMcf/d natural gas processing plant and associated gathering, compression and treating facilities, through its midstream segment, Southern Union Gas Services (SUGS).
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