LNG

A round up of recent downstream news from all over Europe. Including an update of refineries currently up for sale or closure.

Petronet LNG Ltd and Gazprom Global LNG have concluded a memorandum of understanding for the long term supply of 2.5 million tpy of LNG for up to 25 years.

Hyundai Heavy Industries has won a US$ 600 million order to build two 155,000 m3 LNG carriers, and has another order from Rowan Companies for two drillships worth US$ 1.12 billion.

Shell has given notice to a Technip Samsung Consortium (TSC) to proceed with the construction of the first FLNG facility in the world.

Stena Bulk has bought three LNG tankers from the Taiwan-based shipping company TMT for a total of US$ 700 million.

Is there a risk that Papua New Guinea's newfound LNG wealth could be a fuel for civil disorder as rival groups scramble for control of resources?

The US Department of Energy has issued a conditional authorisation approving an application to export 803 billion ft3/ yr of LNG from the Sabine Pass LNG Terminal in Louisiana.

Shell is planning to build the world’s largest offshore floating facility. The FLNG facility will be sited 200 km offshore Australia.

API CEo Jack Gerard addressed an LA audience on the central role of the energy industry in the economy of California and the US as a whole.

The institute sees the vote result as a step in the right direction, away from heavy oil and gas taxation and towards further development of US domestic reserves.

Nacap sold to Habau; business efforts to be combined.

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.