fetching latest news

News tagged in:  

LNG NEWS

Angola forms consortium for $2 bn LNG project
Nov. 7, 2019

Angola forms consortium for $2 bn LNG project

Angola’s national oil, gas and biofuels agency ANGP has informed about forming a consortium with five international oil companies including Eni and Chevron. The consortium will work on developing liquefied natural gas (LNG) for the Soyo plant. With an initial cost of $2 billion, the project is anticipated to begin production by 2022, an ANGP spokesman said.

Woodside might delay Browse Gas project
Oct. 17, 2019

Woodside might delay Browse Gas project

Woodside will delay the final approval date for its mega Browse gas project. Also, the company has decided to bring in the plans to sign off on its smaller Scarborough project. Woodside is focusing on the final investment decision on the $20.5 billion Browse project in the first half of 2021. In early 2020, it will sign off on the $11 billion Scarborough gas project and Pluto LNG expansion.

Exxon and IOC collaborate to expand LNG business in India
Oct. 15, 2019

Exxon and IOC collaborate to expand LNG business in India

Energy giant ExxonMobil has signed a memorandum of understanding (MoU) with Indian downstream major Indian Oil Corporation (IOC). The companies have decided to collaborate in order to expand liquefied natural gas (LNG) initiatives in India. “This initiative focuses on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines”, said ExxonMobil.

Petronet not in the favour of $2.5-bn US LNG deal
Sept. 24, 2019

Petronet not in the favour of $2.5-bn US LNG deal

Petronet's board disapproved $2.5-bn US LNG deal in April-May, revealed the board post a formal agreement between India and US. This decision was taken looking at the changing global gas market dynamics. According to the officials, currently, the deal with Tellurian is "far from closed and will require negotiations". The word in the market is that the deal will only go through if the government would push for it.

Vitol and H-Line sign a long-term contract
Sept. 20, 2019
Source: LNG Industry

Vitol and H-Line sign a long-term contract

Vitol signed a contract with H-Line and agreed on the execution of a 10-year time charter agreement with a latest LNG carrier. It is a 174 000 m3 vessel which has XDF propulsion and is due for delivery in late 2021. Vitol's LNG head said, "This allows us to optimise our LNG portfolio that includes increasing FOB volumes from different areas that we are actively marketing to our global clients”.

H-Energy signs PSA with Kakinada Seaports
Sept. 10, 2019

H-Energy signs PSA with Kakinada Seaports

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.

Arctic LNG 2 project receives greenlight by the shareholders
Sept. 6, 2019
Source: World Oil

Arctic LNG 2 project receives greenlight by the shareholders

Total, Novatek and other shareholders of the project have given an agreement on the final investment decision for Arctic LNG 2. This project is a major LNG development on the Gydan peninsula, Russia. The production capacity of the project is expected to be 19.8 MM tons per year. Total has 10% interest in Arctic LNG 2, Novatek 60%, CNOOC 10%, CNPC 10% and a Mitsui-Jogmec consortium, Japan Arctic LNG 10%.

Russia and India plan $30 billion of annual trade by 2025
Sept. 5, 2019

Russia and India plan $30 billion of annual trade by 2025

Amidst a row of energy deals to strengthen the economic ties between the nations, India and Russia eye at $30 billion of annual trade by 2025. India aims at increasing the proportion of gas in its energy mix to 15% in the near future. "We are looking at investing in additional oilfields in Russia ... we are also looking at sourcing LNG", said India's Foreign secretary.

BHGE lands Louisiana LNG Project
Aug. 21, 2019
Source: Rigzone

BHGE lands Louisiana LNG Project

Oilfield services giant, BHGE yesterday informed about winning a contract and receiving a notice to proceed on Venture Global LNG’s Calcasieu Pass Project in Louisiana. Under the contract, the Houston-based firm will provide the LNG liquefaction train system (LTS), power island system and field support services. The Calcasieu Pass LTS, projected to have a total nameplate capacity of 10 million tonnes per annum (mtpa).

Total signs 15-year agreement with Benin
July 25, 2019
Source: World Oil

Total signs 15-year agreement with Benin

Gas Supply Agreement and the Host Government Agreement have been signed by Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE). Under the agreement, LNG import floating terminal will be developed and Total will supply up to 0.5 Mtpa of regasified LNG to Benin for 15 years, starting in 2021. Benin's Energy minister has congratulated Total for its willingness to support the revitalization of its energy sector.

GAIL hires LNG ship from Mitsui
July 24, 2019

GAIL hires LNG ship from Mitsui

India's state-owned GAIL in its recent report has announced about hiring a newly-built LNG ship from Japan's Mitsui OSK Lines. The ship will be used for transporting gas from nations like the US. GAIL is planning to charter hire additional vessels. The company has also informed about its recent long-term LNG contract with USA and Russia.

Canada signs its first binding supply agreement with China
July 19, 2019

Canada signs its first binding supply agreement with China

Canada has signed its first binding supply agreement with China. A small-scale Canadian liquefied natural gas (LNG) plant, FortisBC has joined hands with Top Speed Energy Corp and will supply 53,000 tonnes from its Tilbury facility for two years. Though this deal is small, the nation expects much larger deals with operators of bigger new terminals.

McDermott and Cameron LNG announce an agreement
July 6, 2019
Source: World Oil

McDermott and Cameron LNG announce an agreement

McDermott and its JV member Chiyoda have reached an agreement with Cameron LNG. This is regarding the construction of McDermott's LNG liquefaction project in Louisiana. Senior Group VP said, "In the last few months, the joint venture project team has made tremendous progress, including first liquid and first cargo from Train 1". In the first and second quarter of 2020, initial production is expected from Trains 2 and 3.

Anadarko approves $20 billion LNG project in Mozambique
June 19, 2019

Anadarko approves $20 billion LNG project in Mozambique

The largest single energy project in Arica received approval recently. The energy firm Anadarko agreed for the construction of a $20 billion gas liquefaction and export terminal in Mozambique. Mozambique falls in the category of the poorest nations and so this project is expected to transform various segments of the nation. According to its government, this project might create more than 5,000 direct jobs and 45,000 indirect jobs.

Inpex inks HOA with Indonesia for $20 Billion Indonesian LNG Project
June 17, 2019
Source: Bloomberg

Inpex inks HOA with Indonesia for $20 Billion Indonesian LNG Project

Japanese oil firm, Inpex Corp. has reached an agreement with Indonesia for the $20 billion Abadi liquefied natural gas project. In an interaction with reporters at a G-20 energy and environment meeting in Japan, Inpex President informed that the heads of agreement contains a contract extension for Inpex to operate the Masela field until 2055. Inpex holds a 65% stake in Abadi field where Royal Dutch Shell is partner.

Total to close its $1 bn deal with Adani
June 14, 2019

Total to close its $1 bn deal with Adani

Total might acquire a 30% stake in India's city gas distribution (CGD) company Adani Gas. The deal would be will be worth over $800 million. According to Adani's spokesperson, “As a part of the company’s business growth strategy, we continue to evaluate various viable options”. It is after a strategic partnership in October aimed at developing various regasification LNG terminals, that both the companies have decided on this deal.

Saudi extends its offer to join Novatek's LNG project
June 11, 2019

Saudi extends its offer to join Novatek's LNG project

Energy Minister of Saudi Arabia, Khalid al-Falih has informed that the energy supermajor, Saudi Aramco has extended its offer to join Novatek's project. Novatek is a Russian gas producer who is currently working on its Arctic LNG 2 project. Moreover, Faliah also said that the firm was studying about Rosneft and Gazprom's LNG projects. And possibilities are that Saudi might invest in Russian petrochemical company Sibur.

NOVATEK creates JV with Sinopec and Gazprombank
June 6, 2019
Source: World Oil

NOVATEK creates JV with Sinopec and Gazprombank

Heads of Agreement has been signed between NOVATEK, Sinopec and Gazprombank. This joint venture will focus on marketing LNG and natural gas to end-customers in China. The decision of forming JV was taken during the official visit of the President of the People’s Republic of China to the Russian Federation. NOVATEK's Chairman said, "This represents another step in implementing our long-term strategy across the entire value chain”.

Please Login to Save News for Later