LNG Trade
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 […]
BP, ExxonMobil and ConocoPhillips re-think APP in the light of the Shale Gas develoment The Alaska Pipeline Project (APP) is a joint initiative between TransCanada and ExxonMobil that seeks to build and operate a pipeline system to transport Alaska’s North Slope natural gas resources to markets. TransCanada and ExxonMobil began working together in 2009. Originally, APP was […]
Definition LNG is the acronym of Liquefied Natural Gas. The Natural Gas is Methane. The operation of Liquefaction is made by the compression of the gas at moderate pressure and cooling at the cryogenic temperature of – 160°C. LNG is a clear, colourless, non-toxic liquid. The volume of the LNG is 1/600th of its volume as […]
Tsusho takes 32.5% of Encana’s Coalbed Methane Toyota Tsusho Corporation (Tsusho) has reached an agreement with Encana Corporation (Encana), Canada‘s largest natural gas producer, to acquire a 32.5% interest in a coalbed methane (CBM) project. Tsusho will pay C$602 million to acquire the interest and in capital expenditure over the coming seven years. Tsusho has […]
Definition “Take-or-Pay Contract” is one of the three most used LNG contracts type, see comments below. Take-or-Pay Contract are written agreements between a buyer and seller that obligate the buyer to pay regardless of whether or not the seller delivers the good or service. Generally, this obligation to pay does not involve the full amount due […]
