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Delays Plague Indonesia’s First LNG Import Terminal
January 31, 2012 |
| Further delays are in store for Indonesia’s first import terminal in West Java, as an electrical fire on the vessel being converted by Golar LNG into a floating storage and regasification unit for the project prevented it from leaving Singapore’s Jurong shipyard earlier this month. |
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Australia’s Ichthys LNG: It’s All About The Liquids
January 31, 2012 |
| Despite a $34 billion price tag, Australia’s Ichthys project is economically robust thanks to the high liquids content of its gas fields. The revenue boost from these income streams allowed Inpex and its minority partner Total to sanction Ichthys earlier this month. |
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Korea’s Kogas Joins Sabine Pass Liquefaction
January 31, 2012 |
| Korea Gas Corp has emerged as the buyer for the third train at Cheniere Energy’s liquefaction project at Sabine Pass in Louisiana, and the fully negotiated sale and purchase agreement is largely the same as an earlier SPA with India’s Gail. |
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Carbon Tax Unlikely To Derail Australia’s LNG Industry
July 29, 2011 |
| After nearly four years in power, Australia’s ruling Labor Party has moved to legislate a carbon emissions tax starting on July 1, 2012. The legislation would pave the way for a transition to a flexible cap-and-trade emissions trading scheme in a nation that ranks as one of the largest carbon dioxide emitters in the world on a per capita basis. |
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China Uses Clout To Build LNG Shipbuilding Competencies
July 29, 2011 |
| China’s Hudong-Zhonghua is poised to start its latest round of newbuilds following the recent finalization of an order for four 172,000 m3 vessels from Japan’s Mitsui OSK Lines. The deal is being touted as China’s first-ever LNG-carrier export order; although true, this is also a bit misleading. |
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Cyprus LNG Import Plan Falters After Explosion
July 29, 2011 |
| The Cypriot cabinet has been dissolved amid a catalogue of worsening problems. The move came as Cyprus battles mounting economic pressures and rolling black-outs that followed an explosion at a naval base which destroyed much of the island’s power generation capacity. |
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Gazprom Moving To Increase European Footprint
July 29, 2011 |
| After standing firm during two years of falling sales and mounting pressure from its customer base over contract pricing, a tightening market is prompting Gazprom to revisit some of its previously delayed aspirations. One of these includes diversifying away from Gazprom’s largely upstream business and expanding its power portfolio |
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In Briefs -- July 2011
July 29, 2011 |
Russia Looks To Bridge China Price Gap With Prepayment
Pluto Expansion Orders Delayed
Pertamina To Convert Arun To Regas
Gazprom Inks 4th Indian MoU
CNOOC Gets Hainan Nod
Petronet Eyes 15 MMt/y At Dahej
Italian Court Clears Enel's Sicilian LNG Plans
Shell Joins Abadi FLNG
Kitimat LNG Looks To 2nd Train
Qatar to supply LNG to Malaysia
Petronas Buys Feedgas For Malaysia LNG
Shell Puts Hold on Arrow LNG Project
Brazil Delays Floating LNG Production Units |
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Japan’s Nuclear Crisis Boosts Atlantic Deliveries East
July 29, 2011 |
| Atlantic Basin cargo flows to Asia are building momentum following the March 11 earthquake/tsunami in Japan and subsequent shuttering many of the nation’s nuclear plants. Through May, a total of 4.2 MMt of LNG was delivered east from producers in the Atlantic Basin, a 34% increase from the previous year. |
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Europe’s Sovereign Debt Crises Push Gas Sell-Offs
July 29, 2011 |
| Governments of some of Europe’s gas importers, faced with the two-pronged challenge of crippling sovereign debt and European competition legislation, are being forced to sell state-owned gas assets. |
