Transport - LNG


Barclays: Russian Gas Tied to Spot Prices May Increase U.S. LNG Imports

A move by Russian integrated energy company Gazprom to tie a portion of its sales of natural gas in Europe to spot prices may see increased liquefied natural gas (LNG) imports enter a recently oversupplied U.S. market, according to Barclays Capital’s Natural Gas Weekly Kaleidoscope’s “Pushing Russian Gas into the U.S.

Thu, 03/04/2010 - 00:00

FERC Approves US$430 Million Trunkline LNG Expansion

Southern Union Co. received approval from the U.S. Federal Energy Regulatory Commission (FERC) to bring its US$430 million Trunkline LNG (liquefied natural gas) infrastructure enhancement project in Lake Charles, La., into service.

Thu, 03/18/2010 - 00:00

ANGDA, Utilities Offer to Buy Kenai (Alaska) LNG Plant

The Natural Gas Supply Co., a cooperative of three Alaska utilities companies – Matanuska Electric, Homer Electric and Golden Valley Electric – and supported by the Alaska Natural Gas Development Authority (ANGDA) as well as the state’s largest electric utility, Chugach Electric Association, has offered to purchase the Kenai liquefied natural gas (LNG) plant from ConocoPhillips and Marathon Oil Co.

Thu, 04/01/2010 - 00:00

Yemen LNG Bring Second Train Online

Yemen LNG (liquefied natural gas) brought the second of two LNG trains online as part of the country’s US$4.5 billion LNG plant that will process up to 6.7 million tons of LNG annually at the facility, which is located at the port of Balhaf.

Thu, 04/08/2010 - 00:00

China Natural Gas Secures Local Approvals for Harbor LNG Fueling Stations

Officials with China Natural Gas, Inc., a provider of compressed natural gas for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, April 8 announced that the company has received local government approval from four cities in Hubei Province, China, to build liquefied natural gas (LNG) reserve stations, harbor LNG fueling stations and inland LNG fueling stations in the region.

Thu, 04/15/2010 - 00:00

TPH Report: LNG Exporters to Favor Europe & Asia Through 2015

U.S. gas markets will benefit from higher crude oil prices, as European and Asian markets will offer more attractive pricing for liquefied natural gas (LNG) than the U.S., according to a new report from Tudor, Pickering, Holt & Co. (TPH).

Thu, 04/29/2010 - 00:00

NorthernStar Halts Work on Oregon LNG Terminal; Files for Bankruptcy

NorthernStar Natural Gas filed for Chapter 7 bankruptcy following the announcement that company was halting work on the Bradwood Landing liquefied natural gas (LNG) terminal between Astoria and Clatskanie on the Columbia River in Oregon due to increased costs associated with state permit delays.

Thu, 05/13/2010 - 00:00

US$1 Billion Neptune LNG Completes Construction in Gloucester, Mass.

GDF Suez completed construction on the US$1 billion Neptune liquefied natural gas (LNG) port off the coast of Gloucester, Massachusetts, roughly six months later than originally forecasted due to increased national security reviews.

Thu, 05/27/2010 - 00:00

EOG Acquires 49% Interest in Kitimat LNG

EOG Resources Inc. signed an agreement to acquire the shares of Galveston LNG Inc., which holds a 49% interest in a planned US$2.9 billion liquefied natural gas (LNG) export facility in Bish Cove, British Columbia, Canada.

Thu, 05/27/2010 - 00:00

China Signs US$1.2B Deal Calling for Iran to Build Six LNG Tankers

The Fars New Agency reported that the Chinese government signed US$1.2 billion deal with National Iranian Tanker Co. to build six liquefied natural gas (LNG) tankers over the next 20-25 years to transport LNG from Iran to China.

Thu, 06/10/2010 - 00:00

LNG Market Will Continue to Favor Europe Until More Infrastructure is in Place

As natural gas becomes a more popular energy source in Europe and Asia, the liquefied natural gas market has been changing to meet this increased demand with both more supply and import regions opening up.

Thu, 07/01/2010 - 00:00

Gazprom to Team with Japanese Firms to Build LNG Plant

Japanese business newspaper Nikkei announced that Russia’s Gazprom reached an agreement with Japan’s Itochu Corp. and Japan Petroleum Exploration Co. to build a liquefied natural gas (LNG) in Vladivostok, Russia, that will transport gas to Japan.

Thu, 07/15/2010 - 00:00