Chinese shale gas falling short
Wood Mackenzie have predicted that shale gas will not be able to satisfy domestic demand in China, and CTG and natural gas imports will be necessary to keep up with demand.
Regasification
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IEA report predicts bright future for natural gas
A new IEA energy report has predicted that natural gas use will see huge growth over the coming years buoyed up by demand in China and Asia, even though European demand is likely to decrease.
Reliance Power and Shell form joint venture for LNG terminal
Reliance Power, Kakinda seaports and Shell have formed a joint venture to build an LNG terminal on India’s east coast.
Gas leak at Statoil’s Norwegian North Sea Heimdal Platform
Statoil has revealed that a gas leak occurred at the company’s Norwegian North Sea Heimdal platform.
CNPC and China Shipping sign strategic cooperation agreement
CNPC and China Shipping have signed an agreement to work together on the transportation and marketing of oil and gas products.
A tale of two gas markets
Ng Weng Hoong, LNG Industry Correspondent, discusses the disparity between the Henry Hub price and the Asian LNG price.
Putin’s return to the Kremlin and implications for Russia’s energy future
The return of Vladimir Putin to the Kremlin has been heralded as something of a retrograde step in the development and liberalisation of Russia’s economy.
Wheatstone LNG to supply Tohoku Electric
Chevron and Tohoku Electric have signed a preliminary agreement to sell 1 million tpy of LNG to the company for 20 years.
Enagás to purchase BG’s stake in Chilean LNG terminal
Enagás is to purchase BG Group’s 40% stake in the Quintero LNG regas terminal in Chile.
PetroChina begins work on largest domestic built LNG plant
PetroChina has begun work on the Tai'an plant in Eastern Shangdong province. The plant is scheduled for completion in late 2013 and will have a liquefaction capacity of 600 00 tpy of LNG.
Gasnor and GDF Suez sign 12 year LNG supply agreement
GDF Suez is to supply Gasnor AS with 7.5 TWh of LNG over a 12 year period, starting in 2013.
North West Shelf LNG extends supply deal with Kyushu
North West Shelf LNG seller shave extended an existing supply deal with Kyushu Electric for an additional six years until 2023.
China National Offshore Oil Corp. signs PSC with Eni
China National Offshore Oil Corp. has signed a production sharing agreement (PSC) with the Italian company Eni China B.V.
Fluor wins FEED contract for Malaysian LNG project
Fluor Corp. is to perform the FEED contract for a new LNG regasification terminal, which will be located in the town of Lahad Datu, Sabah, and will be built by Petronas Gas Berhad.
Foster Wheeler awarded FEED contract for Dominican LNG terminal
Foster Wheeler AG has been awarded the FEED contract for an LNG receiving terminal and jetty in the Dominican Republic by Complejo GNL del Este.