The Bipartisan Policy Center’s (BPC) Energy Project staff released a report that found the domestic price of natural gas is unlikely to rise substantially under a variety of scenarios, including those with increased demand across multiple sectors. The analysis examines the potential impact of increased use of natural gas under a range of assumptions about [...]
In early 2013, Sinochem, a Chinese company, entered into a $1.7 billion joint venture with Pioneer Natural Resources to acquire a stake in the Wolfcamp Shale play in West Texas. This investment highlights a renewed trend toward foreign joint ventures. Since 2008, foreign companies have entered into 21 joint ventures with U.S. acreage holders and [...]
Gazprom Energy reached the top of the Datamonitor’s Energy Buyer Customer Satisfaction Survey, which is compiled Large Gas Users, for the first time. Gazprom Energy, one of the “granddaughters” of Gazprom Export and a 100% subsidiary of Gazprom Marketing and Trading, keeps “dislodging” competitors, as Datamonitor chose to phrase it. In 2006, Gazprom Energy acquired [...]
Leading international classification society Bureau Veritas has given approval in principle for the basic design of a 14,000 teu containership to be powered by LNG. The design was developed in a joint industry project between Korea’s Daewoo Shipbuilding & Marine Engineering, liner major CMA-CGM and Bureau Veritas. Says Jean-Francois Segretain, deputy technical director, Bureau Veritas, [...]
Classification society Germanischer Lloyd (GL) and IHI Marine United Inc. (IHIMU) signed an agreement for a joint development project (JDP) to investigate and develop solutions for large LNG fuelled container vessels. GL and IHIMU will be working together on a concept study for a 13,000 TEU container vessel fuelled by LNG. “IHIMU shares GL’s assumption [...]
![USA: Study Shows Large LNG Fires Smaller Than Expected]()
New research shows that large-scale liquefied natural gas fires are hotter but smaller than anticipated, which means regulators can assume… (platts) Source: platts, November 15, 2011
Yesterday Gazprom has commenced the Bednodemyanovskoye underground gas storage (UGS) facility construction. Bednodemyanovskoye will become one of the largest UGS facilities in Russia and one of the basic gas storages smoothening seasonal fluctuations in gas supply (also during abnormally cold snaps) in the central part of the country. Besides, the UGS facility will provide for export gas supplies through the Nord Stream gas [...]
![Fitch Ratings: Shifting Dynamics Favour Large LNG Players]()
Fitch Ratings says in a newly-published report that amid changing global industry dynamics, the credit quality of larger low-cost liquefied… (reuters) Source: reuters, September 29, 2011
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![Gazprom Says Large Diameter Pipe Purchases to Rise 30 Percent in 2011 (Russia)]()
Wednesday Alexey Miller, Chairman of the Gazprom Management Committee moderated a meeting at Chelyabinsk Pipe Rolling Plant. The meeting was dedicated to the cooperation between Gazprom and Russian pipe manufacturers. Before the meeting Gazprom’s delegation inspected production sites of Chelyabinsk Pipe Rolling Plant including the workshop turning out “Vysota 239” single-joint welded pipes with a large diameter. Taking part in the meeting [...]
![USA: ABS Evolves Gas Terminal Guidance in Response to Large Unit Designs]()
Leading offshore classification society ABS has revised its Guide for Floating Offshore Liquefied Gas Terminals, reflecting the growth in size of gas handling, storage and transportation systems and the resulting impact on structural design and analysis requirements. Technical challenges in this sector are being driven by a combination of design and operational issues. These [...]
