Regasification

Thoughts on how oil and gas companies can adapt to, and profit from, the uncertain environment they face in the coming year.

BP forecasts robust global energy demand to 2030 despite efficiency gains.

Excelerate Energy is to undertake the development and permitting of a floating offshore LNG regasification facility off the southern coast of Puerto Rico.

Qatar’s RasGas has signed a deal to supply CPC with at least 1.5 million tpa of LNG.

Inpex Corp. and Total have signed a sales and purchase agreement with a consortium of five Japanese utility companies to supply them with 4 million tpa of LNG from the Ichthys LNG project.

The LNG terminal in Sendai, Japan will receive its first cargo since closing back in March.

InterOil Corporation and Pacific LNG Operations Ltd. have signed a Heads of Agreement (HOA) with Gunvor Singapore Pte. Ltd., for the supply of 1 million tpa of LNG from the Gulf LNG Project in Papua New Guinea.

Cheniere Energy Partners, L.P. has entered into a LNG sale and purchase agreement (SPA) with Gas Natural Aprovisionamientos, a subsidiary of Gas Natural Fenosa, under which Gas Natural Fenosa has agreed to purchase 3.5 million tpa of LNG over a 20 year period.

Wärtsilä Corporation has reached agreement with the Board of Hamworthy plc, a UK listed ship-based LNG regaisfication company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy.

Wärtsilä is in advanced discussions with Hamworthy regarding an 825 pence per ordinary share cash offer. Hamworthy are producers of ship based LNG regasification systems.

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.

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.

A consortium formed by Techint E&C and Sener has successfully completed construction of a 12 billion m3/yr LNG regasification plant at the Gate terminal in Rotterdam. The plant was officially opened in a ceremony involving over 700 people including Her Majesty Queen Beatrix of the Netherlands.

Husky Energy Inc. has sanctioned the development of the Liwan 3-1 and Liuhua 34-2 fields, the principal fields of the Liwan gas project in the South China Sea.

The American Petroleum Institute has told Obama that American energy development is ‘critical’ solution to jobs problem.