Regasification
Oil & Gas and Petrochemical market has grown up by 30% in 2017 in respect with the number of projects sanctioned for execution with EPC contracts. This number confirms our last year forecast and gives credit to our estimation of 20% to 35% growth for 2018. This market upturn is driven by a market shift from the IOCs to the NOCs and Independent companies, representing both nearly 80% of the capital expenditure as operator on the next five years. As a results the projects get smaller and run on fast-track requiring more agility from the sales organizations for detection and capture.
Sui Southern Gas in $1.4 billion deal with Engro Vopak The Pakistan midstream Sui Southern Gas Company (SSGC) is in final talks with the joint venture Engro Vopak Terminal Limited (EVTL) to build and operate a large greenfield liquefied natural gas (LNG) import terminal at Port Qasim near Karachi in Pakistan. In parallel the Pakistan […]
Dialog-Vopak to feed Petronas Pengerang power plant The Malaysian Dialog Group Berhard (Dialog) and the Rotterdam-based Royal Vopak (Vopak) are preparing the final investment decision (FID) on the Pengerang LNG Terminal project in the Johor Province at southern Peninsular Malaysia while the local engineering company Anewa is completing the construction of the first phase of […]
India Key Projects and Business Highlights As most of the emerging countries, India wanted to preserve its oil and gas resources access and related revenues to its national state owned and private oil companies Indian Oil Corporation (IOC), Gujarat State Petroleum Company (GSPC), Oil and Natural Gas Corporation (ONGC), Reliance Industries Ltd (RIL). As a consequence, in India as […]
UAE to shunt Hormuz Strait with Fujairah Terminal Mubadala Petroleum and the International Petroleum Investment Company (IPIC), both from Abu Dhabi in the United Arab Emirates, are preparing the engineering, procurement and construction (EPC) phase for their Emirates LNG project in Fujairah. Established in 2002 by the State of Abu Dhabi, the Mubadala Development Company […]
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 […]
Definition Regasification is the physical process by which liquefied natural gas (LNG) is heated to be returned into its gaseous state. Comments The natural gas is liquefied to facilitate its transportation as its volume reduces by 600 times from its gaseous state. To be liquefied, the natural gas needs to be cooled down to -161 degrees Celsius to condensate […]
