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 →
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 →
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 →
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 →
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 →
Innovative Plans Optimize Excess Pipeline Capacity during Spring and Fall Seasons Northeast natural gas demand is not consistent year-round. This challenges pipeline project developers to prove project necessity. However, developers are proposing enhancements to existing systems and innovative strategies to make use of potentially excess pipeline capacity. Some proposed options to optimize excess supply and… Keep reading →
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 →
Given the number of LNG export licenses issued to projects that are likely to proceed, Black & Veatch has now raised its forecast for LNG exports by 2020 from the U.S. and Canada to 10 to 14 billion cubic feet per day (Bcf/d). “Tens of billions of dollars in capital are targeted for the seven… Keep reading →
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 →
The LNG Permitting Certainty and Transparency Act would require DOE to make non-FTA LNG export decisions no later than 45 days after environmental review conclusion. On January 6, 2015, Sens. John Barrasso (R-WY) and Martin Heinrich (D-NM) introduced the LNG Permitting Certainty and Transparency Act to expedite the Department of Energy (DOE) decisions on liquefied… Keep reading →
