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Abu Dhabi Advances Replacement Train(2)
July 01, 2011 |
| Abu Dhabi plans to install a new 3.3 MMt/y LNG train that will replace two of the three older ones, each with a capacity of 1.25 MMt/y and are now more than 30 years old. Startup of the new unit is scheduled for 2018. |
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Petronas Builds Complex LNG Portfolio(2)
July 01, 2011 |
| Petronas is creating a complex LNG portfolio investing in liquefaction projects both domestically and abroad and in import terminals in its home market. The Malaysian firm has announced plans for a floating production unit in its home waters and is expanding its global unconventional gas footprint with a Canadian shale gas investment. |
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Southern Cone LNG Takes Off(2)
July 01, 2011 |
| The three importing nations of the southern cone, Argentina, Brazil and Chile, imported a combined 3 MMt so far this year, an 81% increase from the same period last year, with buyers paying premium prices for scarce cargoes. |
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In Briefs -- June 2011(2)
July 01, 2011 |
Encana, PetroChina End Shale Gas Talks
Russia, China Fail To Agree Giant Gas Deal
Inpex Nears Ichthys Sell-out
Israel Electric Gets Go Ahead To Lease Regas Vessel
Jordan Eyes LNG Terminal
EPC Contractors Selected For French Terminal
Sendai To Resume Operations By Year-end
Chile's GasAtacama Mulls Floater
Italy Delays Gas Balancing
Jamaica Back To Square One |
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Gas Demand Surges As China Faces Power Shortage(2)
July 01, 2011 |
| China’s gas imports hit a monthly record in May as demand by power generators surged amid a spreading electricity shortfall. Both domestic gas production and imports reached record highs for the month. |
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LNG Newbuild Resurgence Extends to FSRUs(2)
July 01, 2011 |
| The LNG newbuild bonanza seen this year has finally spilled over into orders for floating storage and regasfication units with the order by Norway’s Höegh LNG for two 170,000 m3 FSRUs. These are the first custom built FSRUs rather than conversions of older vessels. |
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Sonatrach, Gas Natural Settle Dispute(2)
July 01, 2011 |
| Spain’s Gas Natural Fenosa has agreed to pay $1.89 billion to Algeria’s Sonatrach to settle a dispute over prices paid for natural gas exported to Spain since 2007. The settlement, authorized by the Paris based International Court of Arbitration, allows Sonatrach to acquire a 3.85% minority stake in Gas Natural at a price of $728.9 million. |
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German Nuclear Retreat Bolsters Case For LNG(2)
July 01, 2011 |
| With eight nuclear plants already shutdown, Germany plans to phase out all 17 by 2022. This favors renewable energy in the long run, but the nation’s power generators will have to turn to coal and gas in the short and medium-term to replace shuttered nuclear plants. |
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Europe’s LNG Demand Eases As Summer Arrives
June 01, 2011 |
| Summer has finally arrived in Europe, and with it has come an easing in the region’s demand for LNG. After a first quarter during which imports grew by a third year-on-year to 17.2 MMt and an April that saw overall volumes nudge 6.5 MMt, deliveries fell heavily in May. |
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Japan's Nuclear Closures Drive Spot Prices Higher
June 01, 2011 |
| More than two months after the earthquake and tsunami that spelt disaster for Tepco’s Fukushima complex, the shutdown of the 3.6 GW Hamaoka nuclear power plant owned by Chubu has driven summer LNG demand, and consequently forward prices, even higher. |
