(EnergyAsia, November 28 2013, Thursday) — China National Offshore Oil Corp (CNOOC) has started up the country’s first floating liquefied natural gas (LNG) terminal off Tianjin city with the receipt of a 59,000-tonne cargo on November 21. Following the success of this trial cargo, China’s leading LNG importer, will proceed to build on the project’s...
(EnergyAsia, November 27 2013, Wednesday) — Building on more than a decade of close collaboration, Keppel Corp and the National University of Singapore (NUS) will jointly launch a laboratory from next January to develop technology for the exploration and production of oil and gas in deepwater areas and the Arctic. Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 With...
(EnergyAsia, November 27 2013, Wednesday) — Malaysia’s Dialog Group Berhad has teamed up with Singapore’s Concord Energy to add a second oil storage terminal in Johor state’s Pengerang town, months before it is due to complete a deepwater crude oil storage facility at the same site with the Singapore subsidiary of Dutch firm Vopak. The...
(EnergyAsia, November 27 2013, Wednesday) — The Indian government plans to add three storage terminals to the four caverns that state-owned Indian Strategic Petroleum Reserves Ltd (ISPRL) is building to store up to 12.5 million tonnes of crude oil. The first phase of the caverns at Visakhapatnam and Mangalore is expected to start up early...
(EnergyAsia, November 26 2013, Tuesday) — China’s ENN Corp and Canada’s Ferus Natural Gas Fuels will jointly build, own and operate two gas liquefaction plants in two major cities in western Canada to supply fuel for trucking use as well as other high-horsepower applications including marine, rail, mining, and oil and gas exploration. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 To...
(EnergyAsia, November 26 2013, Tuesday) — Oil prices fell on news that Iran and the US and its allies have reached a preliminary agreement to stop the Islamic regime’s controversial nuclear energy programme after nearly a year of secret negotiations. Brent crude fell more than US$2 a barrel on Monday November 25 as the weekend...
(EnergyAsia, November 26 2013, Tuesday) — The Americas’ exports to Asia, including liquefied natural gas (LNG) from the US, will be greatly boosted when the Panama Canal adds a third lane by 2015 to accommodate the passage of giant ships and shorten sailing time, said the head of the US Federal Maritime Commission. In a...
(EnergyAsia, November 25 2013, Monday) — As its energy demand continues to surge, some major cities in northern China will experience natural gas shortages during the winter season through the decade, predicts UK consulting firm Wood Mackenzie. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Starting a trend this winter, gas demand for residential heating in cities located in the provinces above...
(EnergyAsia, November 25 2013, Monday) — State-owned Gas India Limited (GAIL) Ltd has announced plans to source and trade one million tonnes of liquefied natural gas (LNG) per year from the US through its Singapore-based trading subsidiary. Chairman and managing director B.C. Tripathi said the team at GAIL Global (Singapore) Pte Ltd (GGSPL) will work...
(EnergyAsia, November 25 2013, Monday) — At least 52 people are confirmed dead and 166 injured after a Sinopec pipeline leaked oil and exploded in two locations in the eastern Chinese coastal city of Qingdao last Friday. The casualty rate is expected to climb in the city’s worst industrial accident after the massive blasts blew...
(EnergyAsia, November 22 2013, Friday) — PetroChina recently started up its third liquefied natural gas (LNG) terminal with the import of a cargo from Qatargas. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The cargo delivered by the Q-Flex class LNG vessel Al-Gharrafa Tangshan was used as the cargo to commission the start-up of the Caofeidian LNG terminal in China’s Hebei province....
(EnergyAsia, November 22 2013, Friday) — The Asian Development Bank (ADB) said it has been appointed transaction adviser to help attract “a commercial consortium leader of global repute” to build, own and operate the planned 1,800km Turkmenistan–Afghanistan–Pakistan–India (TAPI) natural gas pipeline. Under an agreement signed with the countries’ state gas firms, ADB will advise on...
(EnergyAsia, November 22 2013, Friday) — Japan is looking to develop a futures market and a new pricing system to try contain the rising cost of its liquefied natural gas (LNG) imports. With producing countries unwilling to amend supply contract terms despite its numerous pleas, Japan has been paying an average five times more for...
(EnergyAsia, November 21 2013, Thursday) — More than a year after the two proposed deals were announced, UK’s BG Group said it has completed the sale of its stake in an Australia-based liquefied natural gas (LNG) project and the supply of additional sales volume to China National Offshore Oil Corporation (CNOOC). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 CNOOC paid a...
(EnergyAsia, November 21 2013, Thursday) — Oil companies operating in Thailand must maintain crude oil stockpile levels to meet at least 43 days of consumption up from 36 days since the start of November. The energy ministry has informed the industry of the new requirement after delaying its implementation for years for fear it would...
(EnergyAsia, November 21 2013, Thursday) — Qatar is expected to retain its leadership in the global liquefied natural gas (LNG) markets over the next few years, thanks largely to strong cash flows from established long-term sales contracts, stable relationships with important partners to leverage its vast holding of natural gas reserves, well-developed infrastructure, and continuous...
(EnergyAsia, November 20 2013, Wednesday) — Russia’s Rosneft and US major ExxonMobil have jointly selected Swiss engineering giant Foster Wheeler AG and US CB&I to undertake separate contracts for the initial phase of the front-end engineering design (FEED) work for a proposed liquefied natural gas (LNG) project in the Russian Far East. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Foster Wheelr...
(EnergyAsia, November 20 2013, Wednesday) — Sembcorp Marine recently launched Southeast Asia’s most modern and Singapore’s largest integrated shipyard to strengthen the country’s leadership in the region marine and offshore industry. Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 Prime Minister Lee Hsien Loong was the guest of honour at this month’s official launch of the yard’s 73.3-hectare first...
(EnergyAsia, November 20 2013, Wednesday) — Asia’s bullish liquefied natural gas (LNG) market will find further support from the delayed start-up of Indonesia’s fourth liquefied natural gas (LNG) production plant at the same time that the country’s main Arun terminal will stop exporting the fuel next year. Japan’s Mitsubishi Corp is leading the Donggi-Senoro consortium...
(EnergyAsia, November 19 2013, Tuesday) — From next January, Russia will increase the export of crude oil to China through a pipeline network the runs across Kazakhstan which shares a common border with the two countries. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The agreement for 200,000 b/d of crude was signed in The Russian city of Yekaterinburg last week by...
(EnergyAsia, November 19 2013, Tuesday) — Russian energy giant Rosneft is leading the country’s pivot to Asia with plans to order a fleet of liquefied natural gas (LNG) tankers from South Korea, help build a ship yard, and explore for oil and gas with state-owned PetroVietnam. Rosneft’s president and chairman, Igor Sechin, signed the agreements...
(EnergyAsia, November 19 2013, Tuesday) — The US looks set to raise liquefied natural gas (LNG) exports after the Department of Energy said it had conditionally approved an application for Freeport LNG in Texas state to sell the fuel to international buyers. The company becomes the fifth approved by the US government to export the...
(EnergyAsia, November 18 2013, Monday) — Canadian upstream firm Tethys Petroleum Limited said it is selling half its oil and gas assets in Kazakhstan to China’s SinoHan Oil and Gas Investment BV for an initial payment of US$75 million with the prospects of bonuses for future performance. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Toronto-listed company, which is focused on...
(EnergyAsia, November 18 2013, Monday) — The port authorities of Singapore and Belgium’s Zeebrugge and Antwerp said they have signed a memorandum of understanding (MOU) to harmonise procedures for providing liquid natural gas (LNG) as a fuel for ships. http://energycontents.com/index.php?route=product/product&path=59&product_id=270 They have agreed to exchange information on LNG infrastructure, stakeholders, accreditation of bunker fuel operators,...
(EnergyAsia, November 18 2013, Monday) — Boosted by strong public investment and expansion in its non-hydrocarbon sector, Turkmenistan’s economy is set to grow by 10.1% this year and 10.7% in 2014, said the International Monetary Fund (IMF). The nation’s growing demand for imported capital goods will push the current account into deficit over the next...