LNG

The President’s plan includes increased development in the Gulf of Mexico and Alaska, as API recognises the strategy as progressive, but with significant limitations.

API believes that the new study understates the potential damage that would be caused should taxes on the US oil and gas industry be raised.

API president and CEO said the plans would damage the American economy and energy security.

The program for the annual event held in Denver, Colorado on May 24 – 27 is released.

API’s senior tax advisor warns that higher taxes will not help to lower prices, and could damage the US economy.

American Petroleum Institute president comments on efforts to develop US oil and natural gas resources.

API president believes the study’s finding are especially relevant given the current debate on energy taxes and access to domestic reserves.

As first quarter earnings are made public, API states that the oil and gas industry’s importance to the US economic recovery should not be understated.

Jurong Shipyard has secured a S$ 20 million contract from Golar LNG Energy to convert the LNG Khannur to an FSRU.

Australia Pacific LNG and Sinopec have signed a Sale and Purchase Agreement for the supply of LNG from Australia Pacific LNG’s CBM resources and proposed LNG facility on Curtis Island, Queensland. The agreement could be worth up to US$ 85 billion.

QGC has appointed qedi to apply its proprietary commissioning technology and consultancy expertise on its Queensland Curtis liquefied natural gas (QCLNG) development.

Armelle Lecarpentier, Cedigaz, France, explores recent developments and trends in natural gas markets across the globe.

The latest EIC Monitor tracking new active and future projects across the global energy industry shows positive signs of growth across all sectors this quarter (Q1:January – March 2011), with the total number of new project announcements up 29% on the previous quarter.

Air Products today announced it has signed an agreement with JGC Corporation to supply its proprietary propane pre-cooled mixed refrigerant process and MCR main heat exchanger for a two million tpy LNG project in Luwuk, Central Sulawesi, Indonesia.

Despite the risks, Russian oil is once more where the action is for Western firms, with a spate of high-profile deals inked in the first quarter of 2011.