The BP Statistical Review of World Energy 2013 – the 62nd annual report – is launched today, revealing that 2012 had the largest single-year increase in US oil production ever recorded, and new evidence of the flexibility of the world’s energy system in meeting rapid global change. The US recorded the world’s highest growth in [...]
Sierra Club submitted comments to the Office of the U.S. Trade Representative concerning the Transatlantic Trade and Investment Partnership (TTIP). The TTIP is an expansive trade deal proposed between the U.S. and the European Union, and the Sierra Club is concerned about its potential effects on climate disruption and other environmental and public interest issues [...]
May 15, 2013 | Posted in
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Black & Veatch posted an interesting video recently. Black & Veatch is working with Exmar Export on the world’s first floating liquefaction, regasification, and storage unit. Wison Offshore and Marine will fabricate this first-of-its-kind non-propelled barge that will be towed around Africa for Pacific Rubiales Energy to Tolu, Columbia where it will be moored to a [...]
The world’s first cleared LNG swap traded on 16 July. The contract settles on the ICIS East Asia Index (EAX) for physical LNG. The deal was brokered by Tradition over the CME Direct trading platform and has been cleared by CME Europe. The deal was done for September at $13.90/MMBtu. From 16 July the NYMEX [...]
In 2011, global LNG trade grew by 49.4 106 m3 (20.7 Mt), a growth of 9.4% compared with 2010, according to GIIGNL’s 2011 LNG industry report. As during the previous year, the main contribution to the increase of LNG flows came from Qatar, as the country was responsible for 67% of additional LNG produced in 2011. [...]
May 18, 2012 | Posted in
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Owners of LPG carriers can look forward to increasing trade in 2012, despite the uncertain economic environment and the dampening effect of the mild winter in the northern hemisphere. According to Drewry’s latest LPG Forecaster, stagnant demand in Western economies has been balanced by strong domestic demand in Asian economies, which are increasingly being supplied [...]
March 5, 2012 | Posted in
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The latest annual survey of the global gas industry, 2011’s Natural Gas in the World published by the international association Cedigaz in December, provides a detailed description of the recent evolution in the world’s gas markets. The study focuses on the new dynamics in the global gas industry and emerging regional gas market patterns. Cedigaz’s [...]
Macro Technologies, LLC, located in Kirkland, Washington has registered the trade name CryoMac™ for their line of LNG fueling nozzles. Registering the CryoMac™ trade name now puts an official title to an LNG fueling component that is becoming well known amongst many leaders in the LNG fueling industry. With its user friendly design, engineering and [...]
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The U.S. Department of Energy (DOE) said today that it has received an application from Dominion Cove Point LNG on October 3 requesting long-term, multi-contract authorization to export up to 7.82 million metric tons per year of LNG to any country with which the United States does not have a free trade agreement. “Dominion Cove [...]
![Singapore: Spot LNG Trade to Rise Despite Tighter Supplies]()
More flexible liquefied natural gas (LNG) supply contracts that allow for unsold cargoes to be diverted to the spot market will help boost t… (arabnews) Source: arabnews, November 3, 2011
