LNG export

Two Singapore LNG Terminals in view to become Asia LNG hub

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SLNG to call for tender first LNG Terminal Expansion While the state-owned midstream company Singapore LNG Corporation Pte Ltd (SLNG) is still in the process to expand the first Singapore liquefied natural gas (LNG) import terminal through different phases, it is already considering further developments with the construction of a second LNG terminal around the Jurong …

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Petronas prepares FEED on Canada Pacific Northwest LNG project

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British Columbia LNG project in design competition The Malaysia national oil company Petronas and its partner Japan Petroleum Exploration Corporation Ltd (Japex) are opening a design competition for the greenfield Pacific Northwest LNG project in British Columbia, Canada. This decision came out after the completion of the acquisition of the Canadian company Progress Energy Resources …

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Woodside eyes on third parties to trigger Pluto LNG expansion

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Woodside in talks with ExxonMobil, BHP and Hess Earlier this year, Woodside Petroleum (Woodside) and its partners Tokyo Gas Pluto Pty ltd (Tokyo gas) and Kansai Electric Power Australia Pty Ltd (Kansai Electric) started up operations of the Pluto LNG project. Tokyo Gas and Kansai Electric are in the same time the purchasers of Pluto gas …

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FLNG

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Definition FLNG is the acronym of Floating Liquefied Natural Gas and refers to floating production unit of liquefied natural gas (LNG). Floating Liquefied Natural Gas is not the chemical derivative of any form of natural gas, this wording was invented to describe the manufacturing process to produce LNG. Comments At the wellhead, the natural gas is in fact a …

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US shale gas expansion pushes QP and Sabic to go global

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Qatar Petroleum in JV with Exxon to export US LNG Qatar Petroleum (QP) and ExxonMobil announced to use their joint venture called Golden Pass Products to export liquefied natural gas (LNG) from USA. Created with 70% Qatar Petroleum working interests, the Golden Pass LNG project was constructed as a LNG import terminal. With this LNG import terminal, Qatar was securing …

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Gazprom to think technology for new Shtokman partnership

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Statoil’s withdrawal opens door to Gazprom for new partnership with other Majors Since Gazprom, Total and Statoil could not make the final investment decision (FID) in June 30th on Shtokman despite $1.5 billion capital expenditure already spent in the project, some major changes were expected in the project. Statoil‘s decision to withdraw from the project, …

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$5.4 billion funding ready to start Cheniere LNG Phase 1

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Cheniere secured first phase Sabine Pass LNG funding In February, the private equity firm Blackstone Group LP (Blackstone) provided Cheniere Energy Partners (Cheniere) with $2 billion to finance Sabine Pass LNG Export Terminal conversion project. Since then Cheniere had appointed eight financial institutions to raise up to $4 billion in debt to complete the financing. As …

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Mozambique battle intensifies between Shell and PTT

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PTTEP bids above $1.9 billion cash to acquire Cove The state owned company PTT Exploration and Production Public Company Ltd (PTTEP) announced the terms of its new offer in cash to acquire the entire issued and to be issued share capital of Cove Energy plc. Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer …

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Kogas, Mitsubishi, PetroChina and Shell announce LNG Canada

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After Kitimat LNG, LNG Canada will boost LNG Export Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation (MC), and PetroChina Company Limited (PetroChina or CNPC) today announced they are jointly developing a proposed liquefied natural gas (LNG) export facility near Kitimat, British Columbia,Canada. The demand for natural gas, the cleanest burning fossil fuel, remains …

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