LNG
Definition LNG Train refers to the compressors train used in industrial process to convert natural gas into Liquefied Natural Gas, called LNG. Comments The process to convert natural gas into LNG is based on three steps, gas treatment, gas compression and refrigeration. Since the natural gas contains many non-methane gas and impurities and water which can […]
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 […]
Shell proposes $1.8 billion cash to acquire Cove Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer based on $0.195 per share, representing $1.57 billion capital expenditure for the acquisition. Then PTTEP submitted a $1.78 billion cash counter offer valued on $0.220 per share. Then Shell came back with a proposal based on $1.8 […]
Odebrecht, Petrobras & Braskem to lead Camisea gas field development Brazil has come forward with cash injections aimed at bringing the gas into the international markets and help Peru’s Petrochemical sector development. Odebrecht will lead a consortium of three Brazilian firms plans to spend up to $5 billion capital expenditure instead of the previous $3 billion in the perspective of higher potential for Peru’s […]
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 […]
Definition “JCC” is the acronym of Japanese Crude Cocktail or more formally Japan Customs-cleared Crude. This Japanese Crude Cocktail results from a basket of the most traded crude oils to be used as the reference price for long-term supply LNG Contracts. Japan created the JCC Contracts after the first oil shock, in the early 1970s, to secure its first […]
