Readings and Posts from October 26-27 - Wordsmith

Readings and Posts from October 26-27

GAIL, Paradip Port sign MoU for setting up LNG terminal Hindu Business Line

With the commissioning of the project, Odisha, the Union Shipping Minister said, would be on the world LNG map. He urged both private and public sector ...

India's GAIL to buy 19 LNG cargoes by March Business Recorder

image NEW DELHI: State-run gas utility GAIL India Ltd plans to buy 19 cargoes of liquefied natural gas (LNG) by March, out of which 9 will be bought from the ...

Dual Fuel LNG Vessels Planned for Southern China Rivers Ship & Bunker

Five new dual-fuel diesel-liquefied natural gas (LNG) vessels designed for service in southern China will provide 20 percent fuel cost savings compared with ...

Ocean Tug & Barge to Design New LNG-Fueled Container AT/B The Maritime Executive

Ocean Tug & Barge Engineering Corp., of Milford, MA, USA has been selected to design a new high speed, LNG-fueled AT/B container carrier for Minyan Marine ...

62 firms interested in Kenya coal, LNG plants Capital FM Kenya

NAIROBI, Kenya, Oct 25 – The Energy and Petroleum Ministry on Friday received 62 applications from local and international firms interested in the generation ...

Dual fuel technology for four SHI LNG carriers Energy Global

Liquefied natural gas (LNG) is one of the fastest growing energy markets ... Higher natural gas prices and growing efficiencies in the LNG value chain are ...

GAIL to set up Rs 3108 cr LNG terminal at Paradip port Business Standard

"The completion of this project will position Odisha on the global LNG map, heralding a new area in industrial development and employment generation and ...

Singapore's Aim to Become Asia's LNG Trading Hub Kicks Into High ... Energy Tribune

Singapore aims to become Asia's new liquefied natural gas (LNG) trading hub. Not only does the city-state hope to take the lead in the region, it is taking steps to ...

Dominion LNG project concerns abound for Calvert residents So Md News

Community members crammed into a room Tuesday night at the Southern Community Center for a town hall meeting about the proposed Dominion Cove Point ..

Global LNG-Winter price gains, India buys, PetroChina fills tender Reuters

LONDON, Oct 25 (Reuters) - Asian spot LNG prices climbed above $17 per million British thermal units (mmBtu) this week as India, Japan and China looked for ...

Gas prices to go up for industrial and commercial sector Gulf Today

SHARJAH: The price of liquefied natural gas (LNG) supplied through the gas pipeline network in Sharjah will be increased by 50 fils/cubic metre from next ...

Commentary: Liquefied gas plan offers peril to state Albany Times Union

In a recent interview, DEC Commissioner Joe Martens claimed that its newly proposed rules for LNG have nothing to do with fracking. This suggests a willful ...

DEC extends public comment period on proposed LNG regulations ... Niagara Frontier Publications

The proposed regulation would require permits for facilities that store LNG or convert it back to a gas. All comments will be carefully considered as DEC ...

Clad: Gas exports bring myriad benefits Houston Chronicle

This followed export license approvals for a project in Lake Charles, La.; for Freeport's Quintana Island LNG project and, in 2011, for the Houston-based ...

Cullen to discuss LNG impacts here Terrace Standard

“Across the Northwest, people are hearing about LNG, but as a new industry we don't necessarily know all that much about it. Our goal is to bring those ...

GAIL pact with PPT for LNG terminal The New Indian Express

Speaking on the occasion, Vasan said completion of the project will position Odisha on the global LNG map, heralding a new area in industrial development and ...

Meet the World's Biggest Exporter of LNG DailyFinance

In the U.S., for instance, the Department of Energy has already granted approval to four LNG export ventures, the first of which was Cheniere Energy's Sabine ..

LNG deflation will steepen capex cliff MacroBusiness (blog)

A couple of good articles on LNG over the weekend reveal a few truths. At the AFR Angus Grigg and Lisa Murray delivered a solid backgrounder the highlight of ...

The Safest Way to Play LNG Exports DailyFinance

Several LNG export terminal projects are planned to allow companies to profit from new markets, thus increasing the potential profit they could generate

Petronet hires 4th LNG tanker from SCI-Japanese consortia Moneycontrol.com

Petronet LNG , the nation's largest liquefied natural gas importer, will hire a fourth LNG ship from a consortium of state-owned Shipping Corp of India (SCI) and ...

 

Readings and Posts for October 25 - Wordsmith

Readings and Posts for October 25

India's GAIL to buy 19 LNG cargoes by March-chairman Reuters

NEW DELHI Oct 25 (Reuters) - State-run gas utility GAIL India Ltd plans to buy 19 cargoes of liquefied natural gas (LNG) by March, out of which 9 will be bought ...

Golar LNG Limited (USA) (GLNG): Golar: A 4.8% Yielder To Play ... Seeking Alpha

LNG is natural gas cooled to very low temperatures reducing considerably its volume, making it practical, from a physical and economic perspective, to transport ...

LNG pipeline deal a 'win-win' for Santos, Australia Pacific UPI.com

Australia is a premier exporter of LNG. Several Asian countries have secured long-term natural gas supply contracts from companies operating in Australia.

Enbridge looks for LNG opening Petroleum News

Enbridge expects consolidation among British Columbia's array of LNG ... “We all know about the LNG opportunities (on the Pacific Coast), but it's going to take a ..

Australian LNG Projects Team Up to Join Pipelines, Swap Gas Wall Street Journal

The Australia Pacific LNG project--a joint venture between Origin Energy Ltd. (ORG ... forged the co-operation agreement with the Gladstone LNG venture, which .

Floating LNG technology to head off competition The Australian

An estimated $188 billion in LNG projects are under construction around the nation, with their output projected to see Australia challenge Qatar for the title of the ...

LNG fuels SCI's growth ambition Financial Express

The company, which recently signed a memorandum of understanding (MoU) with GAIL, is now looking for more opportunities for liquefied natural gas (LNG) ...

Samsung LNG Carriers Powered, Propelled by MarineLink

Liquefied natural gas (LNG) is one of the fastest growing energy markets worldwide, and global production capacity could be more than double by the end of the ...

LNG projects to share infrastructure The Australian

TWO massive Queensland liquefied natural gas (LNG) projects will share pipeline infrastructure and swap gas in a deal expected to save hundreds of millions of ...

Golar LNG Partners LP Third Quarter 2013 Cash Distribution MarketWatch

(Thomson Reuters ONE via COMTEX) -- Golar LNG Partners LP (NASDAQ:GMLP) announced today that its board of directors has declared a quarterly cash ...

Total to Lead $1.2 Billion Gas Exploration Project off Tierra Del Fuego - gCaptain

Posted - October 25, 2013 - By Bloomberg - On Oct. 24 - gCaptain

Total SA, Europe’s second most valuable energy company, will lead a $1.2 billion project to produce natural gas off the coast of Tierra del Fuego in southern Argentina.
In partnership with Wintershall AG and Pan American Energy LLC, Paris-based Total will drill as deep as 5.5 kilometers (3.4 miles) in the Vega Pleyade field, Javier Rielo, who heads the project, said yesterday in a televised announcement in Buenos Aires attended by Argentina’s Vice President Amado Boudou and Planning Minister Julio de Vido.

 

The project’s go-ahead comes as Argentina is striving to reduce what state-owned YPF SA Chief Executive Officer Miguel Galuccio calls a “serious” energy deficit, which was $5.4 billion through August, according to the National Statistics Agency. The Total venture will save Argentina $1.6 billion a year in fuel imports, de Vido said at yesterday’s event.
“This is by far the largest natural gas offshore investment Argentina has ever made,” Rielo said. “As operators we will make it produce as we are gas experts.”
The venture, owned 37.5 percent each by Total and Wintershall and 25 percent by PAE, plans an initial investment of between $1 billion and $1.2 billion, which may rise to as much as $1.5 billion if more wells need to be drilled, Rielo said.
The partners plan to start producing at Vega Pleyade in the third quarter of 2015 at about 6 million cubic meters a day, ramping up to 10 million. The venture will also increase the Carina field production, which currently is 8 million cubic meters a day. Output is set to rise by 1.5 million meters cubic a day in 2014’s second quarter.
‘Fernandez Farewell’
Additionally, the venture secured new concessions in an area called Leo. Total, which will operate the fields, is Argentina’s largest gas producer.
Argentina’s President Cristina Fernandez de Kirchner, whose term expires in 2015, raised gas prices to $7.50 per million British thermal units in January to boost investments.
“Total is making an strategic decision ahead of the 2015 Fernandez farewell to the presidency by investing such an amount not seen since the 1980s,” Mauricio Roitman, an analyst at energy consultant Montamat & Asociados, said in a telephone interview from Buenos Aires before the announcement. “We will see many other companies starting to make investments like this knowing they will be able to sell gas and oil at much better prices once this administration is gone.”
Total gained 0.5 percent to 44 euros at 3:44 p.m. in Paris.
BP Plc owns 60 percent of PAE with the remainder in the hands of a venture between Bridas Corp. and China’s Cnooc Ltd.
- Pablo Gonzalez, Copyright 2013 Bloomberg.

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