Gas Processing/LNG
US energy chief urges caution on gas exports
The new US energy secretary could delay further approvals for US companies seeking to export LNG, saying he wants to review whether studies of the issue are adequate. Some 19 export facilities have pending applications with the department, taking advantage of rising domestic production.
Petronas, Japex pick engineering contractors for Canada LNG export project
The contractors are Bechtel, a joint venture comprised of KBR and JGC Corp., and the Technip/Samsung Engineering/China Huanqiu joint venture. The awards represent an important step towards Pacific NorthWest LNG designing and constructing a world-class LNG export facility in British Columbia.
US LNG exports pave way to Asian spot market
Japanese liquefied natural gas buyers see US government approval on export projects to non-FTA countries as a step forward in the creation of an LNG spot market in Asia.
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.
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