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LNG in World Markets

Indonesia Battles To Stem Decline At Bontang LNG
July 02, 2012
Total is struggling mightily to stem the decline at Bontang’s ageing Mahakam license, including drilling 107 wells on mostly mature structures in 2012. But it has been forced to cut Mahakam’s production forecast to 1.8 Bcf/d in 2012, which will reduce the cargo count to 208.
Active Charter Market As Angola Frees Up Ships
July 02, 2012
Delays at Angola LNG have freed up some of its ships for short-term employment, with the producer chartering out at least four of its seven vessels for 30-day voyages.
Queensland Projects Confront Upstream Challenges
July 02, 2012
Lagging results in Queensland’s coal bed methane sector have heightened concerns about delays and further cost blowouts at the three LNG projects already underway by joint ventures led by BG, Santos and Origin Energy in the northeast Australian state.
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.
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.
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
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.
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.
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.
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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