Regasification

Tokyo Gas has signed a Heads of Agreement to supply Saibu Gas Co Ltd with 300,000 tpy of LNG for 16 years, commencing in March 2014.

Nancy Yamaguchi, Contributing Editor, provides an overview of Japan's energy industry in the wake of the recent earthquake.

Excelerate Energy has won a 15 year time charter deal with Petrobras to provide an FSRU, the vessel, designated as VT3 by Petrobras, will have a capacity of 20 million m3/d.

Daewoo Shipbuilding & Marine Engineering Co. has won a US$ 280 million deal to build a floating storage and regasification vessel. The vessel will be delivered in 2014.

Chevron Corporation has signed binding Sales and Purchase Agreements (SPAs) with Tokyo Electric Power Company (TEPCO) for the delivery of LNG from the Wheatstone natural gas project in Australia.

Qatargas has signed of a Heads of Agreement (HOA) to supply LNG to Petronas LNG Ltd. with 1.5 million tpa of LNG for 20 years commencing in 2013.

Gazprom has signed a memorandum to supply the Indian Oil Corporation Limited with 2.5 million tonnes of LNG a year for up to 25 years.

Italy’s Ministry of Economic Development has given the final approval for the construction of a regasification terminal to be constructed by Api Nova Energia offshore of the town of Falconara Marittima. The new project is worth approximately €200 million and is estimated to commence in 2015.

Cedigaz, the International Association for Natural Gas, has predicted that the world LNG trade will bounce back in 2011 and there will be little excess, in spite of new capacity additions.

Ukraine’s government is to put out a tender to perform a feasibility study for an LNG receiving terminal on July 6 in a bid to diversify its sources of supply.

Qatargas is to supply Argentina’s ENERSa with 5 million tpa of LNG for 20 years, beginning in 2014.

A bright future is forecast for the LNG industry, as long-term gas demand drives major investment in global LNG facilities.

Chris Holmes, Purvin & Gertz, describes the impact of the Great East Japan earthquake on the LNG supply to Europe.

Hyundai Heavy Industries, the world’s biggest shipbuilder, has clinched a US$ 500 million order to build the world’s first two new LNG FSRU for Hoegh LNG.

Qatargas has delivered its first ever LNG cargo to Thailand. The cargo was delivered to the Map Ta Phut LNG terminal by the LNG carrier Golar Viking.