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Tepco Takes Equity In Australia’s Wheatstone Project
July 02, 2012 |
| Tokyo Electric Power Co finalized plans to take an equity stake in Western Australia’s Wheatstone project this month, culminating a four-year odyssey that began shortly after Chevron officially launched the 8.9 MMt/y venture in early 2008. |
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South American Imports Jump Sharply In First Half
July 02, 2012 |
| Demand for LNG in South America continues to grow, with Argentina, Brazil and Chile importing a combined 3.5 MMt during the first half of 2012. This was up 16% over the same period last year. |
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In Briefs - June 2012
July 02, 2012 |
Malaysia's Petronas Bids For Canada's Progress Energy
Apache Makes Big Gas Find In Western Canada
US Administration Eyes End 2012 For Export Approvals
Gazprom Plans More Far East Liquefaction
Höegh Awards Two LNG-FPSO Design Studies To KBR
Power Play At UK's South Hook Terminal
Tenerife Gets Regas OK
LNG Aries Takes Fire
Nordics Eye Small-Scale LNG |
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US Truckers Eye LNG To Displace Expensive Diesel
July 02, 2012 |
| As the price spread between gas and diesel widens, interest is growing in the role LNG can play in displacing more expensive oil-based fuels in North America’s long-haul transportation sector. |
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China’s Big Three Position For Golden Gas Age
July 02, 2012 |
| China’s robust gas demand has set off a fierce rivalry among its big three energy companies to capture more sales and profits from pricing liberalization in the domestic market. |
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New Finds Boost Anadarko’s Mozambique Advantage
July 02, 2012 |
| New discoveries offshore Mozambique have opened up a separate structure in Area 1 that may contain sufficient reserves to kick-start an LNG project, allowing Anadarko to steam ahead without concluding unitization talks with Eni on its adjoining acreage. |
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US Gas Prices Find Support In June
July 02, 2012 |
| US gas prices finally found some support in June, as above normal temperatures and continued injections into storage helped drive the key Henry Hub trading point up 15% during the month. |
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Israel Lines Up Supplies For New Import Terminal
July 02, 2012 |
| State-owned Israel Electric Corp has tentatively awarded its spot tender to BP, who is expected to meet all of IEC’s requirements over the initial five month term with extension options. These volumes won’t come cheap, however. |
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Summer Spot Market Dips On Plentiful Supplies
July 02, 2012 |
| Plentiful supplies coupled with high inventories in Korea and the planned restart of two nuclear reactors in Japan helped spot prices lose about one-fifth of their value over the past month. |
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Europe’s LNG Freefall Continues – But Hope On Horizon
July 02, 2012 |
| Imports into Europe nosedived to 3.5 MMt in June, down from around 4 MMt in May. But traders say Asia’s shrinking premium could leave a few more cargoes up for grabs at prices spot buyers in the region can afford. |
