Liquefaction

A new IEA energy report has predicted that natural gas use will see huge growth over the coming years buoyed up by demand in China and Asia, even though European demand is likely to decrease.

GE Oil & Gas has won the contract to supply turbocompression technology for the Petronas LNG Train 9 project.

Russia’s giant Shtokman field is to switch its production to LNG and begin focusing on Asian markets instead of Europe.

Australia Pacific LNG as secured US8.5 billion in loans to underpin the development of its CSG to LNG project.

Ng Weng Hoong, LNG Industry Correspondent, discusses the disparity between the Henry Hub price and the Asian LNG price.

Laing O’Rourke & Kawasaki have won the EPC contract to deliver a network of four storage tanks at the Ichthys LNG site worth US$ 34 billion.

Shell, KOGAS, Mitsubishi Corp. and PetroChina have formally announced that they will be developing an LNG export facility near Kitimat, British Columbia.

Southern LNG has filed an application with the US DOE to export LNG from its Elba Island LNG import terminal in Savannah.

The return of Vladimir Putin to the Kremlin has been heralded as something of a retrograde step in the development and liberalisation of Russia’s economy.

The Obama administration has stated that it is not opposed to exporting US LNG, although its opinion will depend upon official analysis used to determine whether more LNG export projects should go ahead.

Chesapeake Energy Corp has announced that it has received a loan worth US$ 3 billion from Goldman Sachs and Jeffries Group that should provide the company with short-term financial flexibility. The company’s CEO, Aubrey McClendon continues to face intense scrutiny over his financial activity.

Chevron and Tohoku Electric have signed a preliminary agreement to sell 1 million tpy of LNG to the company for 20 years.

Siemens Energy has been awarded a long-term service contract for 16 gas turbines spread across three Santos GLNG sites.

Leighton Contractors has won the US$ 93 million EPC contract from JKC Australia LNG Pty Ltd for Temporary site works at Blaydin Point, Darwin.

GDF Suez has signed an agreement with Sempra which will allow it access to 4 million toy of liquefaction capacity at Cameron LNG from 2016.