Gas Processing/LNG
HP Impact: Egypt’s role in international energy markets
Egypt’s influence is felt mainly through the operation of the Suez Canal and Suez-Mediterranean (Sumed) pipeline. In 2012, about 7% of all seaborne-traded oil and 13% of liquefied natural gas (LNG) traded worldwide transited through the Suez Canal.
US sets modern record for monthly gas output
The biggest jump came from the "other states" area, or those outside the traditional producing areas of Louisiana, New Mexico, Oklahoma, Texas and Wyoming.
Chevron Nigeria withdraws from Olokola LNG
The OKLNG project comprises the Nigerian National Petroleum Corp., BG Group, Chevron and Royal Dutch Shell. Shell was said to have also withdrawn from the project last month, while BG left in June 2012.
Yemen to raise prices on LNG exports by 2014
Yemen's oil ministry says its cabinet has approved a mechanism for modifying LNG prices and an agreement with all buyers on an average price will be reached before the end of the year.
Global LNG trade likely to decline again in 2013
Analysts say LNG supply is lagging demand due to a lack of new projects for exporting gas and falling supply from key exporters like Indonesia, the Middle East and Africa.
Rosneft, ExxonMobil line up contractors at Russian Far East LNG project
Capacity of the LNG project to be located on Sakhalin Island in the Russian Far East is expected to be 5 million tpy, subject to further expansion. The liquefaction plant, the launch of which is scheduled for 2018, will receive natural gas from Rosneft’s reserves in the Far East and other Sakhalin gas reserves.
Entry of new players into US LNG market shows importance of funding
By contrast, a newer set of players has begun to participate in LNG export projects in North America, including large independent exploration and production (E&P) companies, utility/pipeline companies, and master limited partnerships (MLPs), all with different credit profiles.
Egypt freezes talks on importing LNG from Qatar amid political tensions
Cash-strapped Egypt has frozen talks to import liquefied natural gas from wealthy Qatar due to the political instability and violence that erupted after the army swept the streets of the supporters of ousted President Mohammed Morsi last week, a leading official said Monday.
Taiwan sees rising crude oil imports, falling LNG
The country's two refiners, government-owned CPC Corp. and privately run Formosa Petrochemical, refined a combined 3.76 million kiloliters of crude oil, up 4.26% from a year earlier, the bureau said in a monthly report. Refinery utilization fell to 62.54% in June from 66.08% in the previous month, it said.
Siemens to supply new compressor trains for three LNG plants in China
The compressor trains in the three plants each consists of a six-stage vertically-split compressor and a Siemens constant speed electric motor. This type of drive and control, using inlet guide vane assemblies, provides more efficient and reliable operation than conventional compressor solutions.
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