LNG Terminal
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 […]
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 […]
Nizhnekamskneftekhim awards basic to CB&I Lummus OAO Nizhnekamskneftekhim (NKNK) selected CB&I Lummus (CB&I) to perform front end engineering and design (FEED) of a new olefins complex in Russia. This new petrochemical complex will be located in the Republic of Tatarstan in Russia. Earlier, on April, 2012, NKNK and CB&I had signed a License Agreement and Basic […]
EDF reported to join Novatek and Total in Yamal LNG EDF may join OAO Novatek (Novatek) and Total in Yamal LNG since the project has been declared of national interest by the Russian authorities for fast-track implementation. Russia is now willing to boost its oil and gas exploration and production to compensate depleting fields and […]
Definition Liquefaction refers to the physical transformation of gas into liquid. In the oil and gas industry this liquefaction of gas may be processed just by compression, just by refrigeration, or both in combination depending on the gas. Comments In most of the cases the gas liquefaction is performed for storage and transportation purpose. Previous […]
Shell and Mitsubishi to gather gas from Basra oil fields The Iraq Government has given its nod to the natural gas exploration deal signed between Shell from the Netherlands and Japan’s Mitsubishi Corporation (Mitsubishi). The project, which requires capital expenditure of around $17.2 billion, was initially signed in 2008. The joint venture, Basra Gas Company (BGC) is state-controlled […]
Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field development came up from first estimated $15 billion to $30-40 billion. This costs escalation is resulting from multiple factors including the combined target to produce 50/50 natural gas and LNG. This goal appeared to have a great impact on […]
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 […]
