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More Chinese Yards Await Their Big Break Into LNG
August 01, 2012 |
| Dalian Shipbuilding Industry and Jiangnan Shipyard Group are tipped as the two most likely Chinese yards to garner the country’s next LNG vessel orders after Hudong Zhongua Shipbuilding’s earlier success. |
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Shipping News For July 2012
August 01, 2012 |
| Greece’s Almi Gas cancels two newbuilds, Nigeria LNG explores replacement options and other carriers change hands. |
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European Terminal Operators Rethink Strategies
August 01, 2012 |
| European terminal operators are looking for new service offerings as utilization rates slide. Utilization dropped to just 31% in the second quarter of 2012, down from 50% to 60% in the first half of 2011. |
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North African Liquefaction Faces Ongoing Struggles
August 01, 2012 |
| Algeria recently confirmed that startup dates for the 4.5 MMt/y Skikda replacement unit and the 4.7 MMt/y Gassi Touil train have been pushed back by 12 to 18 months to 2013 and 2015, respectivelyy. Progress is discouraging elsewhere in North Africa as well. |
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Chinese Imports Up Sharply In First Half To 6.7 MMt
August 01, 2012 |
| China imported 6.7 MMt during the first six months of 2012, a 31% increase from the same period last year. Deliveries were buoyed by higher contract flows from Qatar. |
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In Briefs --July 2012
August 01, 2012 |
Cheniere Sanctions Sabine Pass Liquefaction
Japanese Take Liquefaction Capacity At Freeport LNG
Environmental Nod For Australia's Browse LNG
Shell Drops Bid For Cove Energy
Russia's Novatek Starts Northern LNG Port Project
China's CNOOC Poised To Buy Canadian Nexen
Bolivia To Boost Gas Exports To Argentina
Shell-led Canada LNG Requests Export Authorization
Chevron To Review Costs At Gorgon LNG
Jamaica Picks Samsung For FSRU Import Project |
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Oil and Gas Drillers Turn To LNG To Power Rigs
August 01, 2012 |
| The growing price spread between natural gas and diesel has prompted drilling operators to evaluate the option of converting their rigs to run off the lower-cost fuel. |
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Repsol Eyes LNG Asset Sale to Avoid Downgrade
August 01, 2012 |
| Repsol is facing junk bond status following the expropriation of its Argentine subsidiary YPF in April and a chain of subsequent events. The company’s LNG assets have been put up for sale as part of a divestment strategy to stave off a further ratings downgrade. |
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Indian Terminal Schemes Short Of Term LNG
August 01, 2012 |
| The collapse in production at India's Krishna Godavari D6 block has sparked a plethora of LNG import schemes. Despite the obvious need for new supplies to support these projects, buyers in the country have yet to make long-term commitments to fill prospective capacity. |
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Hot Weather Helps Soak Up Surplus US Supply
August 01, 2012 |
| By all measures, the US continues to be awash in natural gas. But hot weather this summer and droughts across the country mean the market is slowly beginning to work its way through the surplus. |
