fetching latest news
News tagged in:
H-Energy has entered into a port service agreement (PSA) with Kakinada Seaports (KSPL). The company will develop a liquefied natural gas (LNG) regasification and reloading terminal at Kakinada port in Andhra Pradesh. The company has entered into this agreement through its wholly-owned subsidiary, East Coast Concessions (ECPL). LNG hub will be developed by the company keeping in mind the needs of domestic customers in Andhra Pradesh.
The Cameron LNG export terminal in Louisiana has started the production of LNG, informed the energy major Total. The firm has also said that the initial exports are due in the coming weeks. Total's Chairman said, "With Cameron LNG start-up, we will achieve our target of being integrated along the gas value chain in the US since we are already a gas producer in the country".
Energy major Total has signed a 10-year sales and purchase deal with China's independent gas company Guanghui. Under the scope of this contract 0.7 million tonnes of liquified petroleum gas will be sourced from Total's global portfolio and supplied into Guanghui's regasification terminal annualy. This deal has been signed between Total and Guanghui International Gas Trading Co Ltd, a unit of Guanghui Energy.
India's HPCL Shapoorji Energy Private Ltd (HSEPL) is planning to develop new LNG storage and re-gasification terminal at Chhara in Kodinar. The company has received approval by the ministry of environment, forest and climate change (MoEF). HSEPL is planning to set up 5 million tonnes per annum LNG terminal. The project cost is expected to be Rs 5,408.82 crore.
In an undisclosed amount, supermajor Royal Dutch Shell bought the 26% stakes of Total Gaz Electricité Holdings in India’s Hazira LNG and Port Ventures. A Shell company statement stated that the purchase was complete, giving the full ownership to Shell’s subsidiary in India. The Hazira LNG and Port was established under a joint venture between Shell Gas B.V and Total Gaz Electricité Holdings France.
Oklahoma pipeline company Williams has got the permission from the Federal Energy Regulatory Commission on Wednesday to begin its services for an expansion project to support two LNG terminals along the Texas Gulf Coast. The request was made by William’s subsidiary Transcontinental Gas Pipe Line Co., to put its Gulf Connector Expansion Project into service. Further, Transcontinental has finished three compressor stations’ construction recently.
The energy giant ExxonMobil has got its West Coast Canada (WCC) LNG export terminal in Canada delisted from the environmental assessment process. WCC was expected to produce approximately 15 million tonnes per year of LNG. This withdrawal follows the go-ahead of Shell’s British Columbia project and ExxonMobil will now focus on LNG projects in Asia, the Middle East and United States.
The Government of India is looking to relax the norms concerning setting up of petrol pumps to attract more private players into fuel retailing in order to increase competition. An expert committee will report to the Oil Ministry in 60 days on the matter. The current norms to obtain a fuel retailing licence in India require an investment of ₹2,000 crore in either hydrocarbon E&P, refining, pipelines or LNG terminals.
Director of state-owned Bangladesh Petroleum Corporation informed that they had talks with Dubai-based Emirates National Oil Company (ENOC) delegation. Both the parties have agreed on a feasibility study for a joint venture project to build an LNG terminal in Bangladesh. At present, Bangladesh imports LNG from Qatar and Oman. The Director also said that “After the study, we will finalise the capacity for the terminal and other related things,”
CLP Power has got an environmental permit for Hong Kong’s first offshore LNG receiving terminal. The Environmental Protection Department of the territory has considered the project as environmentally safe and has given a nod for its construction and operation. After the final approval from the government, the construction is expected to start from 2019. CLP Power is currently operating three power stations.
If sources were to be believed, French energy major, Total is planning to buy stakes in the LNG and city gas projects of Adani Group. The Indian multinational owns 25% stakes in just-completed LNG import terminal at Mundra, apart from building another terminal at Dhamra in Odisha. Total is looking forward to buy 50% of Adani’s interests in the two terminals, apart from stakes in Adani’s already thriving CGD projects.
RWE, a German utility has announced that in order to import LNG, the company at present has gained access to considerable capacity of German terminal. RWE’s executive said "LNG remains a key growth area for RWE." Recently, Qatar Petroleum has informed that it is in talks with RWE and Uniper regarding a local LNG terminal. An agreement between RWE and German LNG Terminal highlights the company’s commitment to the fuel.
India’s biggest state-run refiner, IOCL yesterday took major decisions in the Annual General Meeting (AGM). The oil guzzler is planning a capital expenditure of Rs 22,000-crore in the financial year 2019. IOCL will spend Rs 6000 crores on the upgradation of its refineries to catch up with BS-VI requirements. The firm is also closing in on the commission of the Ennore-Manali LNG pipeline by the end of the year.
Hess Corporation-owned Shannon LNG has chosen New Fortress Energy to execute the development of the LNG terminal project in Ireland. Re-gasification of LNG received from tankers will be carried out, before delivering it into the national gas network in Ireland. The gas delivery will be done via the 26 km pipeline linked to a connection at Foynes. Operations at Shannon LNG Terminal are expected to commence from 2020.
In an undisclosed amount, Shell acquired French supermajor, Total’s stake in the Hazira LNG terminal and Port in Gujarat. Total owned a 26% stake in the project, through its wholly-owned subsidiary, Total Gaz. The move is consistent with Shell’s strategy to hold a deeper presence in India’s gas value chain. Earlier, Shell Gas B.V and Total Gaz jointly owned Hazira LNG and Port. The deal is under regulatory considerations.
Sinopec Corp has joined hands with Zhejiang Energy Group Co Ltd for LNG terminal in east China. It is an agreement of 3 million tonne-per-year whose first phase is set for operation at end-2021. 4 tanks with a capacity of 200,000 cubic meters of LNG each, a berth of capacity 30,000 cubic meters to 266,000 cubic meters and a 26-km pipeline, these are included in the project.
The state oil firm of China, CNOOC informed yesterday that the company is expanding its liquefied natural gas receiving terminal in the southern province of Hainan. The oil major is looking to boost sales of gas carried by trucks or smaller tankers, ahead of a demand surge in winter. The expansion will increase the terminal's annual handling capacity of 1.32 million tonnes and is expected to be completed by October end.
A senior Petrobangla official has confirmed the docking of the Excelerate Energy-owned FSRU vessel, Excellence at the facility in Bangladesh. Excellence carries 136,000 cubic meters of Qatar lean LNG. Technical issues and rough seas had stranded the vessel for more than three months. LNG injection into the pipeline network for consumption will begin from August 11. With this, Bangladesh will be enlisted with LNG importing countries in the world.