The agreement in late June by seven Baltic ports to promote the development of an LNG bunkering infrastructure in the region marks a further important step in ensuring a future global role for natural gas as a clean-burning marine fuel, reports Bimco. The combination of liquefied natural gas (LNG) b
BP Plc is looking for Japanese and South Korean buyers for their planned LNG supplies from Tangguh plant in Indonesia. They want to benefit from the lack of regional Asian suppliers, according to Bloomberg. According to William Lin, BP’s Asia-Pacific president, the company could export up to 60 perc
The Board of Directors of the Association of International Petroleum Negotiators (AIPN) has published the 2012 version of its unified Model LNG Master Sale and Purchase Agreement (MSPA). “The 2012 version broadens the 2009 MSPA to address a variety of liquefied natural gas (LNG) trading arrangements
Turkey and Pakistan have asked for more gas imports from Iran, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. Addressing a conference on development of efficient and renewable energy technologies, he said that Turkey which currently imports 30 million cubic meter
CH-IV International announced that CH-IV International has completed the preparation of a Front End Engineering Design (FEED) for the proposed 9 MTPA LNG liquefaction and 500 MMSCFD Oregon LNG import and regasification facility. The FEED will be included in an application to permit the facility. CH-
Alexey Miller, Chairman of the Gazprom Management Committee moderated today an inter-disciplinary meeting at the Gazprom headquarters on boosting the use of natural gas vehicle (NGV) fuel. Taking part in the meeting were senior officials from specialized Russian ministries, leading oil companies suc
Fortune Oil confirms that Fortune Max Holdings Limited has purchased 17.984.000 additional shares in China Gas Holdings Ltd since the announcement made on 1 June 2012. Fortune Max is a private company controlled and beneficially owned by Mr Daniel Chiu. a director and substantial shareholder in Fort
The commercial development of shale gas reserves will result in exponential growth of LNG export from Australia according to recently published research report “Australia Shale Gas Market Analysis” published by Kuick Research. Australia is one of the few countries with natural gas supply exceeding i
US Federal Energy Regulatory Commission was asked by Oregon LNG to start an environmental review of the proposed LNG import/export terminal earlier, reports Platts. FERC process is going forward, even though the Department of Energy has put few LNG export applications on hold, said Peter Hansen, the
EQT Corporation today announced the launch of a pilot program to begin converting drilling rigs to liquefied natural gas (LNG), displacing the diesel used to power equipment at the well site. This program marks the first LNG rig conversion in the Marcellus Shale and will provide a cleaner burning al
Wärtsilä and Metso have received the relevant regulatory approvals from the European Commission for the transaction whereby Wärtsilä sells its share in MW Power to Metso. The transaction between Wärtsilä and Metso has now been closed. According to the agreement published on May 31, 2012, Wärtsilä wi
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced yesterday the signature of an agreement in principle to supply a newbuild floating LNG regasification unit (FRU) to VGS Group of New Jersey, USA, for installation offshore India. The FRU, which will be owned by V
Golar LNG Limited said it has been awarded the Gas Atacama Mejillones Seaport’s FSRU Project. The initial term of the contract, in Gas Atacama’s option, is for 15 or 20 years and is expected to generate an average annual EBITDA of approximately US$48 million for the 15 year charter or US$47 million
Chairman, Ron McNeilly, today announces that the Board of WorleyParsons has appointed Andrew Wood as WorleyParsons’ Chief Executive Officer and Managing Director, effective at the conclusion of the company’s 2012 Annual General Meeting on 23 October 2012. At that time Andrew will also join the Worle
