One of the world’s first LNG exporters – Indonesia – is facing increasing domestic demand and dwindling gas reserves, motivating national oil company Pertamina to secure LNG imports. The company has already contracted supply from Cheniere Energy starting 2018 and recently announced plans to acquire a stake in a US Eagle Ford Shale producer before… Keep reading →
The Egyptian government wants the country to receive 20% of its power from renewable energy sources by 2020 and will auction 2GW of wind power capacity and 2GW of solar capacity next month to advance that goal. The country desperately needs to bolster its power generation capacity so it will also seek bids for 4… Keep reading →
Some of the world’s largest LNG purchasers by volume are beginning to cooperate in an effort to increase bargaining power and secure lower prices. “Korea Gas and Tokyo Gas plan to deepen a partnership they started in 1990 on exchanging information and technology to possibly include joint investments in gas developments, along with purchases of… Keep reading →
A few Asian buyers of US LNG are looking to sell portions of the supply they purchased under long-term contracts, suggesting the excitement over exporting US natural gas as LNG could be waning a bit. When US gas production began booming around 2007 and prices cratered – falling to as low as $2 per MMBtu… Keep reading →
Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →
Back in 2011, Shell took the final investment decision (FID) on its Prelude FLNG project and started having a floating liquefied natural gas (FLNG) terminal built in South Korea in order to produce and export LNG from the so-called Browse Basin, about 300 miles off the coast of Western Australia. This project is the first… Keep reading →
When temperatures plummeted across the Northeast last winter, spot natural gas prices along the Eastern Seaboard spiked to eye-popping levels causing many to call for additional pipeline capacity. However, as is often the case with energy issues, the situation is more complex than it may first appear and constructing expensive long-term pipeline capacity may not… Keep reading →
Members of the House Space, Science and Technology Committee discussed Bakken crude oil properties during a subcommittee hearing held as part of the effort to craft new rail tank car regulations. “None of these other oils are shipping in volumes that this Bakken shale oil is being shipped,” he [Timothy Butters, deputy administrator for the… Keep reading →
The German government is providing the country’s largest utility E.ON loans to help competitively bid for global LNG supply as Berlin seeks to diversify gas import sources away from Russia. The loans strengthen E.ON’s credit rating and help the company compete with government-backed companies that LNG suppliers favor. “Those guarantees have in the past been… Keep reading →
A proposed coal export terminal in Oregon was denied a permit because the project would cause harm to tribal fisheries along the Columbia River. “Oregon Gov. John Kitzhaber (D) applauded the state agency’s rejection of the permit, telling the Oregonian, ‘Columbia River tribes have fundamental rights to these fisheries,’ and any project that threatens those… Keep reading →
