LNG

A liquified natural gas (LNG) tanker sit

The Western Canadian province of British Columbia (BC) is trying to get its liquefied natural gas (LNG) export plans together, they really are. However, problems are besetting the country’s once high-flying ambitions. As the price of crude oil, both global Benchmark Brent and NYMEX-traded West Texas Intermediate (WTI) plunged by over half since mid-June, BC’s… Keep reading →

Prince Charles Visits Qatar - Day 2

In recent years, Qatar – with a population of only 2 million –  has become the quintessential heavyweight in the global liquefied natural gas (LNG) industry. The small Middle Eastern country has been the world’s largest LNG exporter since 2006, and has made spectacular profits, particularly from 2011 to mid-last year, riding the crest of record… Keep reading →

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Supply dynamics are changing liquefied natural gas (LNG) markets, especially in the Asia-Pacific region that accounts for two-thirds of global LNG demand. From an era of limited natural gas supply and record high prices exceeding $20 per million British thermal units (MMBtu) due to increased LNG demand from Japan, the world’s top LNG importer, in… Keep reading →

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Gail (India) Ltd., the country’s largest state-owned natural gas processing and distribution company, is looking to buy seven liquefied natural gas (LNG) cargoes for delivery from Oct. 2015 until Dec. 2016, the company disclosed at the end of March. According to the tender agreement, deliveries are to be split between India’s Dabhol, Dahej and Hazira… Keep reading →

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Western economic sanctions against Russian oil and energy interests are steadily playing out, this time affecting French oil major Total S.A.’s ability to finance part of the $27 billion Yamal liquefied natural gas (LNG) project in the Russian Arctic. Reports broke toward the end of last week that Total will seek as much as $15… Keep reading →

Markets Rise On Economic Data

Industries Are Critical of Proposed Stricter Ozone Standards The Hill: Business groups are waging war on the Obama administration’s proposal to reduce ozone pollution, arguing the regulations would cripple the U.S. economy. In order to comply with the proposed rule, many areas of the country would have to all but shut down land development and… Keep reading →

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Singapore’s goal of becoming Asia’s premier liquefied natural gas (LNG) trading hub is steadily unfolding. Earlier this month, Singapore’s Second Minister for Trade and Industry S. Iswaran said that the Singapore Energy Market Authority (EMA) received nine bids in December from suppliers hoping to become LNG aggregators in the city-state. The bids came after the… Keep reading →

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At the beginning of the year the proposed $6 billion Jordan Cove Energy Project looked like nothing could stand in its way. The project is slated to be built in Coos County on the southern Oregon coast by Calgary-based Veresen Inc. and is one of more than a dozen US based liquefied natural gas (LNG)… Keep reading →

Julia Gillard Visits Papua New Guinea - Day 2

The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship… Keep reading →

A liquefied natural gas (LNG) tanker arr

The proposed Port Ambrose deepwater LNG terminal near New York City has been denounced by environmentalists as a dirty and dangerous export terminal in disguise. The reality is that LNG is the safest and cleanest fuel available and natural gas is critical in efforts to eliminate air pollution and save lives in New York City.… Keep reading →

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