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Freeport LNG Sells Out Three Liquefaction Trains
July 02, 2012 |
| Freeport LNG has sold out its three liquefaction trains under Heads of Agreement with multiple customers, collecting $90 million in non-refundable payments to fund continuing front-end engineering and design work at the plant as well as additional regulatory filings. |
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Kremlin Pressure Opens Shtokman Door To Shell
July 02, 2012 |
| Gazprom is trying to put Shtokman LNG on Russia’s Barents Sea coast back on track and possibly bring in a new partner in the process. Rumors are swirling that Shell will join Shtokman in an effort to jump-start the stalled project. |
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Kansai Electric To Restart Two Nuclear Units At Ohi
July 02, 2012 |
| Japan’s nuclear-free period, which lasted less than two months, is about to end with restart of Kansai Electric’s Ohi reactors. But further resumptions could be delayed until after the launch of a new nuclear regulator in September. |
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Sabine Pass Liquefaction Nears Phase One Sanction
July 02, 2012 |
| Cheniere Energy expects to reach a final investment decision on Sabine Pass Liquefaction by the end of July, assuming the Federal Energy Regulatory Commission lifts its order for rehearing issued early this month and the developer closes the debt financing on phase one. |
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Koreans and Chinese Battle For France’s GTT
January 31, 2012 |
| Some 20 to 30 parties have expressed interest in the containment-system designer GTT, which was recently put on the block. While the field is still wide open, a battle pitting Korean ship builders against their Chinese counterparts could be brewing for the acquisition target. |
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Jordan Caught In Arab Spring Cross-Fire
January 31, 2012 |
| Jordan is again caught in the cross-fire of a volatile Middle East, and this time the collateral damage is natural gas, a fuel that feeds 80% of the country’s electricity needs. |
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Indonesia’s Bontang LNG Sees Output Dip In 2012
January 31, 2012 |
| Indonesia’s Bontang plant is on-track to produce 229 standard cargoes this year, 23 of which are slated for the country’s first import terminal in West Java. Another seven cargoes will be used to fulfill export commitments at the Arun venture |
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Multi-Year Charter Market Sizzles On Record Rates
January 31, 2012 |
| Although short-term chartering activity has dried up in recent weeks as shipping availability tightens, owners and charterers continue to explore medium-term options and multi-year rates remain at record high levels. The recent focus has been on deals lasting three years. |
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US Export Applications Soar As LNG Interest Builds
January 31, 2012 |
| Nine export applications totaling over 13 Bcf/d have now been received by the US Department of Energy from eight separate liquefaction proposals. Gulf Coast Exports LLC is the latest to join the queue with a request to export up to 2.8 Bcf/d from a greenfield site in Brownsville, Texas. |
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US Imports Dwindle Further In 2011
January 31, 2012 |
| Imports into the US fell to 8 MMt over 140 cargoes in 2011, an 18% drop from the 9.8 MMt registered in 2010. Domestic dry gas production averaged 62.1 Bcf/d, leaving little room for imported LNG. |
