Indonesia’s PT Nusantara Regas is in negotiations to buy liquefied natural gas from an U.S. supplier, Bloomberg reported, citing Hendra Jaya, President- Director of the company. The company plans to import as much as 2 million mt of LNG a year. “We are negotiating with one potential supplier. The pr
The U.S. Energy Information Administration said in a report that natural gas prices have continued their downward trend this winter as a result of warmer-than-normal temperatures, ample natural gas in storage, and growing production. Average spot natural gas prices for January were at $2.68/MMBtu. S
OAO NOVATEK today said that it has added approximately 1,685 million barrels of oil equivalent (boe) of proved reserves under SECreserves reporting methodology, inclusive of 2011 production, and produced approximately 380 million boe during 2011. Estimated total SEC proved reserves as of 31 December
Malaysia’s power utility Tenaga Nasional Berhad (TNB) and Petronas will jointly build a liquefied natural gas terminal and 300 MW gas plant in Lahad Datu in Sabah, the Star reported, citing TNB’s CEO Datuk Seri Che Khalib Mohd Noh. “We are now starting the environmental impact assessment (EIA) and c
The Maersk Magellan LNG carrier, with a capacity of 165,500 cubic metres, is due to arrive in the UK’s South Hook terminal February 8, 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 billion
AltaGas Ltd. said that it has entered into a definitive agreement with Continental Energy Systems LLC to acquire SEMCO Holding Corporation for US$1.135 billion, including approximately US$355 million in assumed debt. SEMCO is the sole shareholder of SEMCO Energy, Inc. a privately held regulated publ
Incheon LNG terminal in South Koraea received an cargo from Russia’s Sakhalin terminal today, according to shipping data. The cargo was shipped by the 145,000 cbm Stena BlueSky tanker. Incheon LNG terminal is one of the biggest in the world and it is operated by KOGAS. [mappress] LNG World News Staf
Shell today updated shareholders on progress against its strategic plan to generate profitable growth. In today’s volatile economic environment, the company’s strategic aim remains to drive forward with its investment programme, to deliver sustainable growth and provide competitive returns to shareh
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG on February 4, according to the Zeebrugge Port Authority website. The Al Thakira LNG tanker, with a capacity of 145,702 cbm, is sailing from Qatar. The Zeebrugge terminal is operated by Fluxys LNG and has an ann
As a result of geological exploration carried out by Gazprom in 2011, the natural gas reserve increment hit the record level of 686.4 billion cubic meters surpassing the production level by 33.8 per cent. A half of the increment was secured by geological exploration in Eastern Russia (Sakhalin shelf
Engineering and construction company Clough Limited today announced the award of an approximate A$350 million contract for the offshore hook-up and commissioning component of the Chevron-operated Wheatstone Project. The services will be provided over a 40 month period commencing immediately. The agr
Aker Solutions acquired Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions’ presence in northern Norway and grow the company’s engineering capacity for offshore projects. Over the past 20 years, Sandnessjøen Engineering has established a strong and
Royal Dutch Shell today said that it has sold 18.83 million tonnes of LNG in 2011, 12% more than in 2010, reflecting the successful ramp-up of Qatargas 4 LNG during the year as well as higher volumes from Nigeria LNG and the Sakhalin II project. Shell also said LNG sales volumes were at 4.84 million
SBM Offshore said that it has been awarded a contract by the Ichthys LNG Project for the engineering, procurement, fabrication and supply of a Turret and Mooring system. This system will be integrated by the client into the Ichthys FPSO and installed offshore NW Australia. The contract also includes
