Any tax regime for gas produced at the Shtokman field would probably be similar to the one introduced to the Yamal LNG project, Russian Deputy Finance Minister Sergei Shatalov said today. Shatalov also said that any decision on the introduction of a tax break for the Shtokman project is unlikely to
China’s LNG imports will climb 30% in 2012 to meet demand for power generation, according to Mirae Asset Securities report. Mirae also said that it expects the country to sign more long-term liquefied natural gas deals with Australia, Indonesia, Qatar and Malaysia. The country will consume 31 millio
A survey of the marine industry by Zeus Development Corporation finds that 48 non-LNG-carrier ships will soon be fueled with LNG. In January, the company will host the World LNG Fuels Conference to discuss this trend. “Low natural gas prices make the switch to LNG-fuel tempting for some marine opera
Petronet’s Dahej terminal on India’s west coast may get one liquefied natural gas cargo from Nigeria on December 26, according to ship transmission data. The cargo is being hauled by Castillo de Villalba, a 138,000 cubic-meter tanker. The Dahej terminal is India’s first LNG receiving and regasificat
At a regular meeting of the Board of Directors of OAO Sovcomflot, approval was given to the financial plan (budget) of the Sovcomflot Group of companies (SCF) for 2012, and the production and financial performance forecasts for 2013-2014. The Chairman of Sovcomflot’s Board of Directors Ilya Klebanov
Israel Land Development Energy has signed an agreement with a unit of South Korean Daewoo Shipbuilding & Marine Engineering, ENR, to cooperate in constructing a LNG FPSO for its offshore Myra and Sarah gas fields. Depending on the final gas estimate results, the companies will hold talks on a gas sa
Petroceltic International plc, the upstream oil and gas exploration and production company focused on North Africa, the Middle East and the Mediterranean, issued a further update on well test results from well AT-9 at the Ain Tsila field in Algeria. Petroceltic operates the permit with a 56.625% int
On 11 December 2011, Phase one of the LNG Plant in Golmud, Qinghai Province, invested and constructed by Kunlun Energy (Qinghai) Company Limited, which is wholly-owned by Kunlun Energy Company Limited, commenced successfully to produce quality LNG products. The Project covers an area of 270 mu. With
On December 13, ground breaking ceremony for No.2 Gas Processing Plant of the Amu Darya project was held in Bagtyiarlyk contract area in Turkmenistan. Turkmen President Gurbanguly Berdymukhammedov, Chinese Ambassador to Turkmenistan Xiao Qinghua, CNPC President Zhou Jiping and Vice President Wang Do
South Korea imported 2.32 million mt of LNG in November, down 35% from the same month in 2010 when the country purchased 3.55 million mt of LNG, Korea Customs Service data showed. The country’s imports of LNG jumped to 2.98 million tonnes, 9 percent year-on-year in October, as the world’s second-lar
Wood Group, the international energy services company, issues the following pre-close trading update for the year to 31 December 2011. Full year results for the year will be announced on 6 March 2012. Overall, the Group expects to deliver good growth, with performance for the year in line with expec
Chevron Australia Pty Ltd today announced a natural gas discovery in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia. The Vos-1 well encountered approximately 138 metres (453 feet) of net gas pay. Located in the WA-439-P permit area approximately 300 kilometres (186 miles
The Australia Pacific LNG Project’s commitment to maximise opportunities for local people and contractors was given another boost, with the appointment of a Regional Supplier Liaison Officer for its CSG to LNG Project. The Regional Supplier Liaison Officer role was a concept raised by community memb
Russian Gazprom has decided to end its South Stream pipeline in Italy rather than Austria, Reuters reported, citing unnamed company source. The South Stream route will run from the Black Sea to Bulgaria, Serbia, Hungary and Slovenia and then to Italy. The South Stream project is scheduled to become
