LNG

DNV are to class Dockwise’s new heavy lift vessel, the Dockwise Vanguard, the vessel is the world’s largest heavy lift vessel and can lift weights of to 110,000 tonnes.

Australia Pacific LNG Pty Limited and The Kansai Electric Power Company today signed a binding Heads of Agreement for the sale and purchase of approximately 1 million tonnes of LNG per year for 20 years.

GDF SUEZ and Petronet LNG Limited have just signed an agreement extending along 2012 under which GDF SUEZ will sell Petronet approximately 0.6 million tons (nine cargoes) of LNG.

Cheniere Energy Partners, L.P. and Bechtel Oil, Gas and Chemicals, Inc. have entered into a lump sum turnkey contract for the engineering, procurement and construction of the first two liquefaction trains at the Sabine Pass LNG terminal.

Foster Wheeler AG announced today that it has signed an engineering, procurement and construction management (EPCm) framework agreement with Qatargas.

QGC Pty Limited, developer of the Queensland Curtis LNG Project, has awarded a A$19.5 million contract to Australian firm Transfield Services for gas field work in the Surat Basin of Queensland.

American Petroleum Institute has launched a campaign against punitive taxes on the industry.

Highlighting recent downstream oil and gas investments from around the globe.

Statoil has brought its LNG plant at Hammer fest back online after an earlier shutdown on October 14.

RasGas has signed a long-term LNG supply agreement with EDF Trading for an annual contract quantity of up to 3.4 million tpy of LNG, equivalent to approximately 4.5 billion m3/yr of natural gas. It marks a further extension of a long-term relationship between RasGas and EDF Trading.

State-owned Israel Natural Gas Lines has reportedly signed a deal with Micoperi, the Italian marine contractor, to construct an offshore LNG terminal worth approximately US$ 140 million.

Gérard Mestrallet, Chairman and CEO of GDF SUEZ signed two agreements with China Investment Corporation (CIC) and China National Offshore Oil Corporation (CNOOC) illustrating the development strategy of GDF SUEZ in China and in the Asia-Pacific region.

BP’s chief executive Bob Dudley ahs declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.

A quick roundup of downstream news from Asia.

The energy security strategies of states across the region, if not working in cooperation with each other, could have severe geopolitical and economic repercussions in a region where high food and oil prices threaten economic recovery and human security.