Regasification

Ng Weng Hoong, LNG Industry Correspondent, discusses the disparity between the Henry Hub price and the Asian LNG price.

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.

Chevron and Tohoku Electric have signed a preliminary agreement to sell 1 million tpy of LNG to the company for 20 years.

Enagás is to purchase BG Group’s 40% stake in the Quintero LNG regas terminal in Chile.

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.

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 seller shave extended an existing supply deal with Kyushu Electric for an additional six years until 2023.

China National Offshore Oil Corp. has signed a production sharing agreement (PSC) with the Italian company Eni China B.V.

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 AG has been awarded the FEED contract for an LNG receiving terminal and jetty in the Dominican Republic by Complejo GNL del Este.

Hoegh LNG has signed an agreement with PT Perusahaan Gas Negara (PGN) to provide them with an FSRU and mooring system offshore Belawan, near the city of Medan, in North Sumatra, Indonesia. The project will employ the first of Höegh LNG's new building FSRUs under construction at Hyundai Heavy Industries Ltd in Korea.

Norwegian company, Hoegh, has won a contract for one of its soon-to-be-built LNG floating storage and regasification units.

Foster Wheeler’ India subsidiary, Foster Wheeler India Private Limited, has been awarded a contract for a new LNG receiving terminal to be built in Ennore, in the state of Tamil Nadu, India.

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.