Louisiana

A world leader in natural gas In August 1986, The UK Government established and enlisted in London Stock Exchange British Gas Plc by the privatization of the British Gas Corporation and transfer of the corresponding assets. After spinning off the non strategic activities, Centrica plc. and what is renamed today National Grid plc, British Gas became BG […]

BASF to take parts of Poland Ciech’s TDI business On October 2012, the Ludwigshafen, Germany-based, BASF, acquired parts of Ciech Chemical Group’s (Ciech) Toluene Diisocyanate (TDI) business. This announcement comes in the same time as BASF is currently building the world largest single train TDI plant in Europe. BASF is a global leader in the […]

Methanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y of Methanol and is the world’s largest supplier of Methanol to major international markets with production units in Canada, Chile, Egypt, New Zealand and Trinidad.   Methanol is produces mainly out of natural gas, therefore the access to reliable and […]

Mad Dog: BP’s second giant field in Gulf of Mexico In September 2011, BP announced the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the US Gulf of Mexico.  The well results confirm a significant resource extension for the Mad Dog Field complex, which includes […]

$4 billion Louisiana Ethylene Cracker: On going Feasibility Study The South African energy and chemicals major Sasol’s board of directors has approved a feasibility study for a possible ethylene cracker and derivatives project at Lake Charles, Louisiana, USA. Sasol’s decision to move to a feasibility study on the USA project comes after the company completed a pre-feasibility study. […]

Definition The Henry hub is the pricing point for the natural gas future and spot contracts traded on the New York Mercantile Exchange (NYMEX). Physically the Henry hub is located in Erath, Louisiana, USA and belongs to the Sabine Pipeline LLC. Comments Future and spot prices set at Henry hub are denominated in $/mbtu (million of British thermal units) and are generally […]

Sabine Pass LNG Terminal opens overseas export to Shale gas production Originally planned to be a LNG  Import Terminal the Sabine Pass LNG project in Lousianna,USA, had been left in stand by for a while, until the Shale gas industry managed to put the domestic gas prices down below $4 per mmBTU with a great […]