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LNG

Liquefied Natural Gas

Oilfield or naturally occurring gas, primarily methane, liquefied for transportation.

LNG Gas Plant

LNG is primarily methane (CH4) that has been processed and super chilled to -260°F. 

LNG only takes up about 1/600th the volume of regular natural gas.

LNG is re-gasified upon arrival at its destination for distribution through pipelines.

 

March 2016
LNG News Headlines
from around the Globe

 

ALASKA

Walker: No Alaska LNG update before April

“It’s a good target time in the market for this to come online,” Gov. Walker said. “That part has not changed.” The question is whether that’s still realistic, especially for a so-called “gigaproject” expected to cost $45-$65 billion.

ASIA

Asian LNG markets jostle to set benchmark

LNG markets are rapidly developing in Asia, fueling a competition to establish a regional benchmark price. CME Group launched clearing services for LNG traded on the Tokyo Commodity Exchange's over-the-counter market. The move followed the start of U.S. LNG exports in February.

LNG is mostly traded on long-term contracts linked to crude oil prices. However, the proportion of spot transactions is expected to increase further, and experts say this will stimulate swap deals for hedging purposes. Exports of US LNG with no resale restrictions have begun as well. As Asian economies grow, demand for LNG is expected to increase significantly.

ASIA 2

Biggest LNG Buyers Seek Alliance to Boost Bargaining Power

Japan’s Jera Co. is in talks with other LNG companies to create an alliance of buyers that account for more than one-third of global trade. Jera, a joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co., is seeking to cooperate with Korea Gas Corp. and China National Offshore Oil Corp. on LNG procurement and investment.

AUSTRALIA

First Chevron Gorgon LNG Cargo Departs for Japan

The LNG cargo departed Barrow Island off the northwest coast of Western Australia on Asia Excellence, one of Chevron's six new state-of-the-art LNG carriers to support Chevron’s growing position as a leading LNG supplier. LNG is an essential fuel for power generation across Asia.

AUSTRALIA 2

Woodside Scraps $40 Billion LNG Project After Price Collapse

Woodside Petroleum Ltd. and partners including Royal Dutch Shell Plc and BP Plc scrapped plans to develop the $40 billion Browse liquefied natural gas project in Australia after the plunge in oil and gas prices. Australia’s second-largest oil and gas producer won’t go ahead with the floating LNG development.

BERMUDA

LNG could be powering Bermuda by 2020

Electricity generation in Bermuda could be switched over to LNG by 2020 with a pricetag of between $258 million and $315 million. The Government could set Bermuda on the path to begin importing LNG by the end of 2019.

BRAZIL

Golar GenPower, ExxonMobil Sign LNG Supply Deal for Power Project in Brazil

Golar GenPower and ExxonMobil Titan LNG Limited have agreed heads of terms covering the supply of LNG to the approximately 1,500 megawatts Porto de Sergipe project. The agreement also establishes a framework for LNG to be supplied exclusively from ExxonMobil for expansion phases and other projects that Golar GenPower is pursuing in Brazil.

CANADA

Critics of LNG project appalled by federal approval of environmental assessment

Critics in the Howe Sound area are appalled by Ottawa’s approval of an environmental assessment for a controversial LNG project set for Squamish. Eoin Finn, research director of the group “My Sea to Sky,” says it’s a confusing announcement from a Liberal government after the big talk at the Climate Conference in Paris.

CANADA 2

Natural gas industry could dwindle without LNG facilities

Similar to the Canadian oil industry's desire for new export pipelines, the natural gas industry is also craving an outlet to international markets. Several LNG facilities are proposed for British Columbia's coast, but there is considerable uncertainty whether any of them will be built.

CHINA

China's Beijing Gas Group mulls short-term LNG storage

State utility Beijing Gas Group is considering chartering a floating storage unit (FSU) for the duration the coming winter to prevent the scheduling difficulties its LNG deliveries faced last year. The utility is planning to procure spot LNG again this year and wants to moor the FSU near PetroChina’s Caofeidian terminal. Beijing Gas Group bought two spot cargoes in 2015.

DENMARK

Alfa Laval Test & Training Centre for LNG to Quintuple

The significant growth in the use of LNG as a fuel for marine propulsion has prompted Denmark’s Alfa Laval Test & Training Centre in Aalborg to plan expansion to five times its current size. This development, focused on LNG and other alternative fuels, will address new challenges and possibilities for marine customers.

EGYPT

Egypt's EGAS makes first LNG payments for year

Egypt's state-owned EGAS has made its first payments to LNG suppliers since payment terms for deliveries were extended, trade sources said. Egypt imports around six to eight cargoes of LNG per month. Egypt became a major market for LNG shippers after the launch of two floating import terminals last year.

ETHIOPIA

Ethiopia-Djibouti LNG export plans advance

$4 billion project to export gas from the Hilala and Calub gas fields in southeastern Ethiopia to China being funded and developed by Chinese joint venture Poly-GCL Petroleum Group Holdings with construction expected to take three years to complete.

FINLAND

Finland gets backing for LNG development

The European Commission supports Finland's strategy to invest in a small-scale LNG terminal as an energy security option with plans to grant $31.5 million to build an LNG terminal at the Hamina port on the southern Finnish coast. The country relies entirely on Russia for its gas needs.

INDIA

GAIL India postpones $7-billion LNG ship tender by one month

 

State gas utility GAIL India Ltd has again postponed its USD 7-billion tender for hiring nine newly-built ships to ferry LNG from the US, by one month. GAIL is seeking 9 LNG ships of cargo capacity of 1,50,000- 1,80,000 cubic metres to help transport LNG it has tied up from the Sabine Pass and Cove Point LNG projects, starting December 2017.

 

INDONESIA

Indonesia rejects Inpex's mega floating LNG project, wants to stay onshore

Indonesia's president on Wednesday rejected Inpex Corp and Royal Dutch Shell's proposal to build the world's largest floating liquefied natural gas plant in the country's east, saying an onshore plant would benefit its economy more.

JAPAN

Japan warns Canada LNG delays could cost contracts

In a letter to the Canadian Environmental Assessment Agency Kenjiro Monji says Japan is looking to LNG to cover 27% of its powers needs by 2030. Monji says the window is closing and in a buyers LNG market it could soon be another 10 or 20 years before Japan is looking for another LNG supplier.

KUWAIT

Hyundai-led consortium bags $3bn Kuwait LNG deal

A South Korean consortium led by Hyundai Engineering & Construction has reportedly been awarded a $2.93bn deal in Kuwait. Contract scope includes the construction of LNG re-gasification facilities and tanks at Al Zour. Korea Gas accounts for $120m of the deal and the consortium said the project will be completed in 2020.

LITHUANIA

Lithuania LNG Bunkering Advances with Chart-PPS Selection

Chart Industries, Inc.wholly owned Czech subsidiary Chart Ferox and EPC consortium partner PPS Pipeline Systems Germany, have been selected to provide an LNG reloading station for AB Klaipėdos Nafta at the Port of Klaipeda, Lithuania. Klaipeda as a Baltic hub and virtual pipeline will fuel ships and deliver LNG by truck.

LOUISIANA

Cheniere Who? Charif Souki Is Starting His Own LNG Company

Two months after the founder and CEO of Cheniere Energy Inc. was removed from the company, Charif Souki is teaming up with former BG Group Plc executive Martin Houston to start Tellurian Investments, offering natural gas liquefaction and export projects with their first plant near the Calcasieu River in Louisiana costing $6 billion to $8 billion.

MAINE

NGL Energy Partners withdraws propane depot plans in South Portland

NGL Energy Partners announced Thursday that it has withdrawn plans to develop a liquefied petroleum gas distribution terminal at Rigby Yard and will seek an alternative location in a “welcoming, business-friendly community in Maine.”

MAINE 2

South Portland approves propane buffer despite warnings over legality

A divided City Council approved a hotly contested fire code amendment early Tuesday that requires a 1,257-foot buffer between important public facilities and proposed liquefied petroleum gas distribution plants.

MOZAMBIQUE

Mozambique LNG discusses gas export with Indian companies

Mozambique LNG, Africa's largest energy development group, is in talks with Indian companies to supply LNG to India. The mega project is expected to seek sales and purchase agreements with Asian LNG importers, including India. Anadarko leads Asian investors in the project in the Offshore Area 1 Block with 26.5 per cent interest.

NETHERLANDS

World’s Second LNG-Powered Dry Cargo Ship, MV Ireland, Launched at Ferus Smit

Dutch shipbuilder Ferus Smit has launched the second of two of the world’s first LNG-powered dry cargo ships. The MV Ireland, a dedicated cement carrier, was sideways launched March 19 at the company’s Westerbroak shipyard in northeast Netherlands.

OREGON

Rejection of $7.5B Coos Bay LNG project shocks all sides

Federal regulators have put the kibosh on a planned liquified natural gas facility near Coos Bay. FERC said in an opinion issued Friday that Pacific Connector, which had hoped to build the pipeline, said it had easement agreements with only 5% of the necessary landowners for permanent arrangements.

OREGON 2

Warrenton denies LNG terminal, OKs pipeline

A hearings officer has denied the land use applications for Oregon LNG’s proposed terminal on the Skipanon Peninsula, stating that the project will adversely impact fish habitat and fishing activity in the Lower Columbia River Estuary. However, the hearings officer approved, with conditions, the separate applications for 2 miles of pipeline that would serve the terminal.

PAKISTAN

LNG projects to 'brighten up' Pakistan once again

Dr. Miftah Ismail said that two LNG terminals are being constructed in Pakistan to overcome the energy shortfall. Projects like CPEC and the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will bring economic development in Pakistan.

PAKISTAN 2

First LNG ship from Qatar docks at Port Qasim

The first ship under the Pak-Qatar long-term LNG agreement docked on Tuesday at the Elengy LNG terminal at Port Qasim, Karachi, with a load of super chilled fuel. The Q-Flex LNG ship from Qatar is the largest of the 20 LNG ships to have docked and is the first LNG ship to arrive under the 15-year Pak-Qatar agreement. The ship has hooked up with the FSRU Unit and the re-gasification process has started.

PHILLIPINES

Shell finalizing technical aspect for LNG project

The local subsidiary of energy giant Royal Dutch Shell is now finalizing the technical aspect of front-end engineering design to finally construct its planned LNG terminal by 2017. Pilipinas Shell Petroleum Corp. is currently looking at the Batangas Bay area to put up a floating storage regassification unit (FSRU) LNG terminal.

POLAND

LNG terminal, Norway link could help Poland become gas trading hub

Poland has finished construction of a $794 million LNG terminal by the Baltic Sea, which is expected to receive its first commercial shipments in July. State-controlled utility PGNiG also revived plans to build a pipeline by 2022 to carry gas from Norway.

QATAR

Qatargas eyes expanded LNG supply deals with UK and Dutch terminals

Qatargas is looking to Britain and the Netherlands in an effort to weather a looming global glut of gas supplies by expanding import deals into Europe’s most liquid markets. The world’s biggest exporter of LNG must lock in buyers for its unsold supply just as new Australian and US producers muscle into its prized Asian markets.

RUSSIA

ExxonMobil to Build LNG Plant in Russia Despite Macro Risks

U.S. energy giant ExxonMobil Corporation is contemplating the construction of a LNG plant in Russia (the island of Sakhalin or in the Khabarovsk region of eastern Russia) despite low energy prices and setbacks from the nation’s gas monopoly, Gazprom.

RUSSIA 2

Russians tell cautionary LNG tale

LNG created trouble for marine life after construction of the Sakhalin facility began in 2003. The project contributed to the decimation of pink salmon runs in Sakhalin’s Aniva Bay even though the facility is 30 kilometres from the closest significant salmon river. Placement of the pipeline through a watershed significantly damaged the salmon stocks.

SINGAPORE

Sembcorp Marine Acquires Majority Stake in Floating LNG Technology

Sembcorp Marine has acquired an additional 44 percent equity stake in Gravifloat for $38 million. Gravifloat designs and holds patents for a suite of re-deployable, modularized solutions based on its unique near-shore floating yet gravity-based LNG terminal solutions.

TEXAS

Environmentalists: New LNG export terminals in Texas look doubtful amid FERC decision in Oregon

Texas environmentalists say the federal government's recent rejection of plans to build a LNG export terminal in Oregon is bad news for similar projects in the Lone Star State. Global market conditions and the FERC denial now cast doubt on proposals by Texas LNG, Annova LNG and Rio Grande LNG to build a pipeline from the Eagle Ford Shale to feed export terminals in the Port of Brownsville.

TURKEY

Turkey could import spot LNG beyond April

State-run LNG importer BOTAS is seeking spot cargoes for April delivery, which is atypical for this buyer. At least one independent buyer is also considering buying spot LNG for delivery in the late summer. The company is in process of negotiating access to the Aliaga LNG terminal with a view of importing one cargo.

WORLD SHIPPING

Comment: LNG is key to 2040 sustainable shipping goals

A key area for action in the Sustainable Shipping Initiative Vision for 2040 is to transform shipping’s fuel supply from reliance on heavy fuel oil to a diverse mix of low carbon energy sources that supports the dramatic reduction of greenhouse gases and other emissions. Improvement is urgently needed with carbon emissions from global shipping amounting to nearly one billion tonnes a year and rising – accounting for 2–3% of global and 4% of European Union GHG emissions.

 

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