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China’s CNOOC has received its first LNG cargo from the Russian Arctic gas project on November 11. The cargo was shipped from Yamal and was bought from Novatek, a Russian firm. Novatek also controls Yamal LNG along with Total, CNPC and the Silk Road Fund. Meanwhile, CNPC is also planning to buy at least 3 million tonnes of LNG from Yamal starting from 2019.
China-based Inner Mongolia Huineng Coal Chemical Co Ltd Technology firm has contracted the Linde Group to supply a mid-scale LNG plant in Inner Mongolia. The new LNG plant will be seventh in line for Linde to date in China, and also the largest. Linde's Engineering Division will provide engineering, procurement and site services for the 750,000 tpa LNG plant. Linde will utilise its proprietary LIMUM(R) process for the plant.
The CEOs of Saudi Aramco and ADNOC have signed a strategic framework agreement on Monday for creating opportunities of cooperation in natural gas and LNG sector. Under this, both the companies will function together to assess investment opportunities in these sectors, and exchange knowledge in the growth markets. ADNOC’s CEO said “Increased cooperation between ADNOC and Saudi Aramco will ensure greater energy security and long-term economic prosperity for both nations,”
On Tuesday, the International Energy Agency (IEA) informed that by 2030, natural gas might become the second largest energy source overtaking coal. The reasons behind this huge change would be an urge to bring down the air pollution and rise in the use of LNG. The organization also mentioned in its World Energy Outlook 2018 that the energy demand will jump more than a quarter between 2017 and 2040.
India’s ONGC Videsh and Petronet LNG are jointly taking a move to buy stakes in Driftwood project in Louisiana proposed by Tellurian Inc's. The MD of Petronet said “We have moved slightly forward... we are evaluating it seriously and we are in serious discussion with them,” The two companies are jointly initiating this talk in order to grow India's pipeline network and increase the use of cleaner fuel.
Energy giant Saudi Aramco is in talks with Russia’s largest gas producer Novatek, informed the Chief Executive of Saudi Aramco. The two majors of the industry are planning on investing in a large liquefied natural gas (LNG) project. If sources were to be believed, recently in an investment conference in Riyadh, Aramco signed deals in oil, gas, infrastructure and other sectors worth more than $50 billion.
French supermajor, Total and Chinese state-owned CNOOC have modified the sale and purchase agreement for LNG supply, inked in 2008. While the contract volume has been increased from 1 Mtpa to 1.5 Mtpa of LNG, the term of the contract has been extended from 15 years to 20 years. The move will further strengthen the cooperation between the firms in the liquefied natural gas business.
French engineering firm, GTT has inked a Memorandum of Understanding (MoU) with South Korea’s Dongsung Finetec to commercialise its LNG Brick® technology. LNG Brick offers an economical and competitive solution with an LNG fuel tank capacity below 3000 cubic meter. Both the firms are looking forward to promote the technology for LNG as fuel applications. Dongsung will construct the solution, to be outfitted on a variety of commercial vessels.
TechnipFMC will be providing engineering services and development on the Calcasieu Ship Channel in Louisiana. The UK-based company was awarded this contract by Commonwealth LNG. Commonwealth has also signed an agreement with Lloyd Engineering for the marine facility and turning basin design. The company’s CEO said that the aim of Commonwealth LNG is to become the low-cost provider for the US LNG liquefaction projects.
Royal Dutch Shell and Equinor ASA have informed that they are committed to the project that will allow export of Tanzanian natural gas. The proposal to build LNG plant is in process since 2014 but has been surrounded by uncertainties in Tanzanian policy. The project is worth $30 million. Shell’s spokeswoman said, “For now, the focus is on agreeing to the Host Government Agreement that is to set the legislative, regulatory and fiscal terms for the project”.
The LNG venture of Royal Dutch Shell in Canada is a step closer to a final approval after two of its partners approved their investment share. PetroChina confirmed its $3.46 billion share of the project and Korea Gas Corp did the same. The rest of the partners, Petroliam Nasional of Malaysia and Mitsubishi Corp. of Japan are required to do the same in order to approve final investment decision.
The offshore division of Jumbo has been awarded an LNG contract by Sapura at Sergipe, Brazil. Under the scope of this contract, Jumbo will provide the transportation and installation services for FSRU mooring system and also, project management and engineering services. The whole task is expected to be over by December 31st, 2018. Loading of the structure will take place in Indonesia and transported from there.
Royal Dutch Shell Plc has secured a 15-year contract to supply liquefied natural gas (LNG) to Sinolam Smarter Energy LNG Power Co owned 441-MW power plant. The facility is currently under construction in Panama. The power plant will utilise roughly 400,000 tonnes of LNG per year. Shell will commence delivery to the facility from 2020.
Houston based Cheniere Energy has entered into a 15-year agreement with one of the world’s largest oil trader, Vitol Inc. Under the scope of this agreement, Cheniere will supply 700,000 tonnes of LNG to Vitol every year starting from 2018. Cheniere's Sabine Pass terminal in Louisiana increased its output and helped the United States come out as the major LNG exporter in the last two years.
World’s biggest LNG firm, Qatargas today entered into a 22-year long sale and purchase agreement (SPA) with PetroChina’s international arm, PetroChina International Company Limited. The agreement requires Qatargas to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum. LNG will be supplied from the the Qatargas 2 project, which is a joint venture between ExxonMobil, Qatar Petroleum and Total.
The liquefied natural gas (LNG)-powered truck will undergo test runs to understand its safety and economic feasibility, informed the state-run Korea Gas Corp. (KOGAS) on Friday. This truck has been developed in cooperation with KOGAS and Daewoo Tata Commercial Vehicle Company, nation’s second-largest truck manufacturer. This 400 horsepower LNG powered-truck will have an engine by Italy’s Fiat Powertrain Technologies and it will be built on Tata Daewoo frame.
A 20-year agreement has been signed between Venture Global LNG and Repsol SA. Under the scope of this agreement, Venture will supply 1 million tonnes p.a. of LNG to Repsol from the Calcasieu Pass LNG export facility. LNG will be bought by Repsol on a free on board (FOB) basis. According to Venture Global, the commercial operation date the 10 million tonnes per annum Calcasieu Pass is expected in 2022.
After 13 LNG carriers stopped at the Montoir LNG import and trans-shipment terminal, it has set new LNG transshipment records in August. The terminal is located in the French Atlantic port of St Nazaire. Also, the first three transhipments were finished in one week which began on 15 August. This year, Montoir has completed 10 LNG transhipments, which is the best in numbers than any other European terminals.