Gas Processing/LNG
US approves Freeport LNG export application
Subject to an environmental review and final regulatory approval, the Texas facility is authorized to export to non-FTA countries at a rate of up to 1.4 Bcfd for the next 20 years.
Pemex to triple US gas imports with new pipeline
The gas supply problem is expected to be alleviated with the Los Ramones project, a pipeline that will carry gas from southern Texas to the central Mexican state of Guanajuato, which is a hub for the Mexican auto industry. Pemex plans to release bidding rules next week for the longest part of the pipeline.
PetroChina withdraws bid for Australian coal-bed methane gas producer
PetroChina withdrew a bid for an Australian coal bed methane gas producer, but will continue to invest in other Australia projects because of their commercial value and importance for energy security.
BG Group to focus on LNG in streamlined portfolio
The company is seeking to lure investors back. In recent months, BG Group has fallen out of favor with investors and analysts following a write down on the value of its US natural gas assets, big cost overruns at a key LNG project in Australia and downgrades to its production forecasts.
Indonesia to seek higher price from China for LNG
Under the existing contract, Indonesia can renegotiate the price when oil prices shoot up. The price of oil strongly correlates with the price of natural gas and LNG. The current contract, signed in 2006, uses a formula which assumes an oil price cap of $38/bbl, resulting in a selling price of $3.45/MMBtu.
ExxonMobil, Qatar sign pact for Texas LNG exports
This arrangement establishes a commercial framework to sell up to the full 15.6 million tpy output of the Golden Pass liquefaction project, and provide shipping and sales opportunities to existing and new markets, including leveraging the sponsors’ long-term arrangements for international imports.
Nigeria to review Trans-Saharan gas pipeline plan
Nigeria and Algeria signed a memorandum of understanding (MOU) in 2002 for the 4,000 km gas pipeline to carry gas from Nigeria's Niger Delta region through the Republic of Niger to Algeria's Beni Saf export terminal on the Mediterranean Sea.
Qatar to supply Egypt with up to 24 LNG cargoes
Under the swap deal, BG Group and Malaysia's Petroliam Nasional Bhd will give Egypt about 500 million cubic feet/day of the natural gas they extract in the country to help ease its fuel shortage, while Qatar Gas will reportedly send the LNG directly to the companies' overseas customers.
China's CNOOC to buy Australian LNG from BG
BG Group signed binding agreements with CNOOC for the sale of certain additional interests in the Queensland project for $1.93 billion and for the supply of an additional 5 million tpy of LNG.
Mexico City gas tanker explosion kills at least 22
One of the two gas tanks broke away from the truck in the San Pedro Xalostoc neighborhood just off the highway, setting fire to everything flammable in its path. The truck was identified as belonging to a company called Termogas, which distributes gas in several Mexican states.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
