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Thursday, June 20, 2019

Tag: LNG

Petronas set to supply Thailand’s power utility its first LNG...

Petronas was selected out of 12 short-listed companies.

Petronas signs deal to lease LNG storage unit to Vitol

Deal for 200,000 cubic metre storage unit in Pengerang, Johor.

China faces diminishing returns with US commodity tariffs

Some products targeted by China tariffs are already squeezed by the long-running trade war.

ExxonMobil agrees 20-year LNG deal with China’s Zhejiang Energy

Exxon Mobil said last year it would deliver the LNG starting in the early 2020s, while LNG supplies to China would come from its global portfolio.

America’s gas export clout set to grow with LNG approvals

The US are on course to challenge Qatar as the second-largest exporter of LNG

Petronas’ 2nd floating LNG facility ready by 1st quarter next year

The first floating LNG Satu is now moored in the Kebabangan cluster field 90km northwest of Kota Kinabalu.

Australia plans to import LNG

The country is poised to become the biggest exporter of liquefied natural gas to north Asia, but it could also soon be importing LNG as supply sources in its southern states run out.

LNG loadings normal after fire at Bintulu complex

LNG loadings were briefly disrupted during an investigation into the fire.

Qatar Petroleum to invest US$20 bln in US in major expansion

Qatar Petroleum announced separately that it was partnering with Italian oil major Eni on three oil fields in Mexico.

Petronas completes first commercial gassing up, cooling down services in Bintulu

KUALA LUMPUR: Petronas, through its subsidiary Petronas LNG Ltd (PLL), has completed its first commercial Gassing Up and Cooling Down (GUCD) services at the...

LNG tankers stranded off Singapore, Malaysia as demand outlook weakens

The ships together carry around a million cubic metres of LNG, worth more than US$200 million at current spot market prices.

Shell says approves huge gas project in Canada

The London-listed company said in a statement that its Shell Canada Energy division had given the green light to its investment in the Kitimat LNG joint venture project in British Columbia.

ExxonMobil signs deal to build petchem plant, LNG terminal in China

China is allowing greater access by global majors and local independents to its massive chemicals market.

PetroChina is said to mull suspending US LNG purchases

PetroChina would boost buying of spot cargoes from other countries or swap US shipments with other nations in East Asia to avoid paying additional tariffs.

From natural gas to chicken breasts – China commodity tariffs

Here is a roundup of China's tariff effects on commodities.

China tariffs on LNG, oil aim at US energy dominance agenda

China included LNG for the first time in its list of proposed tariffs on Friday, the same day that its biggest US crude oil buyer, Sinopec, suspended US crude oil imports due to the dispute.

LNG becomes more volatile on heat wave, Trump’s trade war

LNG has a seasonal pattern, with the peak price usually occurring in the northern winter, followed by a lower high in summer and troughs in autumn and spring.

Europe to become ‘massive’ buyer of US LNG, Trump says

LNG imports to Europe are poised to rise almost 20% by 2040 from 2016 levels, according to International Energy Agency.

Shell ramps up in Kitimat, raising Canada’s US$30 billion LNG hopes

The action is unmistakable in Kitimat, British Columbia, the Pacific coast city hugging a deep inlet that would be the closest launch point on the continent for LNG cargoes to Asia.

Malaysia’s gas, LNG demand to remain soft over next 5 years

Energy consultancy Wood Mackenzie says LNG demand will remain below 3 million tonnes per annum until 2020.

Tellurian to decide on Louisiana LNG project in early 2019

Chairman Charif Souki said the company expects to start producing liquefied natural gas from its Louisiana project in early 2023.

Growing global LNG market needs better pricing system, according to executives

At the World Gas Conference, LNG executives said that an improved pricing system would facilitate big-ticket investment decisions and stabilise demand.

World’s LNG giant is pumping $20 billion into US oil, gas

The investments will be made over five years, some of that will likely go toward lining up gas supplies for the Golden Pass LNG export project in Texas, being developed with Exxon Mobil Corp.

EU opens investigation into Qatar’s long-term LNG contracts

The Commission said it was looking into contract clauses which either prevented or limited the diversion of gas to other destinations.

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