PIRA Energy Group reports that Asian LNG demand heads toward summer peak buying. Mexican gas flows move to trade forefront. In Europe, the need for stronger injections remains. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following: Asian Demand Heads Toward Summer Peak Buying Time is running out to secure last minute [...]
June 19, 2013 | Posted in
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Angola LNG, the Soyo-based facility built to create value from Angola’s offshore gas resources, confirmed that production of liquefied natural gas (LNG) has safely commenced at the Angola LNG plant in Soyo and that its first cargo has been shipped on Sunday. This marks the first new LNG supply to come on-stream since 2010, and [...]
June 17, 2013 | Posted in
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VIDEO: From Plant to Plant – The LNG Process Woodside of Australia posted a video showing how the company produces liquefied natural gas for customers in the Asia-Pacific region and beyond. Petronas to Invest USD 20 Bln in Pacific NorthWest LNG in Canada Petronas of Malaysia expects investment of $20 billion in the Pacific NorthWest [...]
June 16, 2013 | Posted in
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Western Cape industrial and domestic users of liquefied petroleum gas (LPG) can sigh in relief at the arrival of the tanks intended for the province’s first permanent LPG storage facilities this week, a giant step towards securing a permanent availability of LPG to the region. Cape Town-based oil and gas company, Avedia Energy, took ownership [...]
The Shell Petroleum Development Company of Nigeria Ltd Joint Venture (SPDC JV) has lifted the force majeure on gas supplies to NLNG, Shell said in a statement. The force majeure was declared on 15th May 2013 due to a leak on the Eastern Gas Gathering System (EGGS-1) pipeline. The Joint Investigation Visit to the location [...]
A press release prepared in connection with a potential definitive agreement for ONGC Videsh Limited and Oil India Limited to acquire interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited, erroneously got issued yesterday, ONGC Videsh said in a statement. “While we confirm that, we are in advanced [...]
Qatar, the world’s largest LNG producer, will supply Egypt with free five shipments of LNG to help Egypt with its fuel demand over the peak summer period, the Egyptian Petroleum Ministry revealed in a statement. “Qatar will supply five cargoes of liquefied natural gas as a gift to the Egyptian people during the summer months, [...]
Southern African gas explorer and developer, Sunbird Energy Ltd announced the completion of an Independent Reserves Assessment of the Ibhubesi Gas Project (SNY 76%) offshore South Africa. In April 2013, Sunbird announced the completion of the Ibhubesi independent technical assessment by RPS Energy (UK). The technical assessment confirmed that the planned Phase 1 development of [...]
On May 28, 2013, EG LNG reached the significant milestone of working 1 million hours with no recordable injuries. This is the second time in EG LNG’s short history of operation of achieving this milestone. The last occasion was October 6, 2011. Equatorial Guinea LNG Holdings Limited, or EG LNG, is the world-class supplier of [...]
Cheniere Starts Construction on Sabine Pass Liquefaction Trains 3 and 4, USA Cheniere Energy Partners said that its Board of Directors has made a positive final investment decision for the development and construction of Trains 3 and 4 of the Sabine Pass Liquefaction Project being developed adjacent to the Sabine Pass LNG terminal. Cheniere Partners [...]
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