LNG player Cheniere Energy of USA said today that it has entered into a definitive agreement with institutional investors to sell 31,000,000 shares of its common stock at a negotiated price per share of $15.10. The offering is expected to close and settle on May 10, 2012. The company intends to use
Pertamina of Indonesia is selling eight cargoes of LNG on the spot market after its original buyer failed to purchase the LNG, Reuters reported, citing BPMigas spokesman Gde Pradnyana. “The reason for the sale is most likely a diversion of Sempra cargoes,” he said. Pertamina said in January that it
Trinidad and Tobago shipped an LNG cargo from the Point Fortin terminal on Saturday, according to shipping data. The cargo is being carried by the British Emerald, a 151,945 cubic-meter tanker and the destination of the cargo is unkown at this moment. Point Fortin LNG terminal produced 14,664,884 mt
Peru’s natural gas average production in March was 1’173,210.38 TCFD, 2.25% more than in February, according to the data from PeruPetro S.A. This increase was mainly due to the increased delivery of gas from Blocks 88 and 31-C by increased requirement for consumers from Peru LNG Plant and Power Stat
Petronet’s Dahej LNG terminal on India’s west coast received a cargo of LNG onboard the 138,097 cbm Disha from Qatar, according to shipping data. The tanker departed from the Dahej terminal today and it is expected to arrive at Ras Laffan in Qatar on May 10. The Dahej terminal in Gujarat is India’s
Petronet LNG of India will likely offer stakes in the the Gangavaram LNG terminal to the Gangavaram Port and the Andhra Pradesh government, The Economic Times reported, citing DVS Raju, chairman and managing director of Gangavaram Port. Petronet LNG has responded “positively” to a request by the Gan
Petrobras combined domestic and foreign oil and natural gas output in March stood at an average 2,599,969 barrels of oil equivalent per day (boed). Output in Brazil averaged 2,346,477 boed and foreign output stood at 253,492 boed. Of total domestic output, oil amounted to 1,993,222 barrels/day and n
Statoil and Rosneft signed a cooperation agreement to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets. Rosneft president Eduard Khudainatov and Statoil president and CEO Helge Lund signed the agreement, in the presence
Taiwan’s Yung-An LNG terminal, operated by CPC, will get one liquefied natural gas cargo from Nigeria this week, according to port data. The cargo is being hauled by the LNG Oyo, a 145,842 cubic-meter tanker, and it will reach Yung-An LNG import terminal on May 10. The Yung-An terminal is Taiwan’s f
Twelve new offshore petroleum exploration permits have been awarded in waters off Western Australia and Victoria, and will see $303 million in new investment over the next three years. A total of 46 bids were received for 16 release areas of the first 2011 Offshore Petroleum Exploration Acreage Rele
The U.S. Energy Information Administration (EIA) said in a report that consumption of alternative transportation fuels increased 6% in 2010, with a total of 457,755 thousand gasoline-equivalent gallons, compared to 431,107 thousand gasoline-equivalent gallons in 2009. Natural gas continues to accoun
The Mekaines LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal from Qatar on May 12, according to the Milford Haven Port Authority website. The South Hook terminal can process 15.6 million tonnes of LNG a year and is capable of delivering 21 billi
Elengy, a GDF Suez LNG unit, said that April 2012 has seen a new achievement for Montoir-de-Bretagne LNG terminal with the successful loading of a cargo in excess of 145 000 cbm of LNG. The LNG was transferred from the onshore tanks within a two-day port call, in line with the schedule, the company
For the quarter ended March 31, 2012, Cheniere Energy Partners reported a net loss of $19.3 million compared with a net loss of $2.2 million for the same period in 2011. Results include development expenses for the Sabine Pass Liquefaction Project of $17.9 million for the quarter ended March 31, 201
