The Santos-operated GLNG project is set to be the second project to commercialize CSG to LNG in Queensland, behind the BG Group-led QCLNG project.
By 2019, 8.5 billion cubic feet of LNG could leave market, affecting prices during very cold winters, Bloomberg new energy finance analyst and BNP Paribas’ commodity investor team director said.
Of the positions that will be eliminated 950 are in the Houston, where Chevron has about 8,000 employees.
Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.
Bernstein cites Shell, Woodside projects in its sunny outlook for LNG at sea.
Bear Head LNG Corp. and Bear Head LNG (USA) LLC can export up to 440 billion cubic feet (Bcf) per year of U.S. natural gas to Canada.
40-foot tanks can hold 10,700 gallons of LNG. Domestic logistics team will manage LNG’s transportation to customers’ storage units. Company’s shipping terminals are in Jacksonville, Fla. and Port Everglades, Fla.
First terminal capable of exporting LNG on the East Coast, on Chesapeake Bay, will produce about 5.25 million metric tonnes of LNG annually. It is scheduled for completion in 2017.
The reasons for the sale weren't disclosed, but in April, Shell said it was buying BG Group Plc, which has a global portfolio of LNG, for about $70 billion.
South Korea’s energy ministry said the country plans to build LNG bunkering terminals at some ports in effort to dominate market for building dual fuel tankers, Reuters said.
With the rich resources of the Marcellus and the Utica, the terminal is in transition to handle LNG exports. Yet, the terminal will continue to handle imports.
The contract will involve up to 20 locally employed people working on the subsea scope over the next 12 to 18 months as Woodside prepares for a final investment decision.