Gas Processing/LNG
PetroChina withdraws bid for Australian coal-bed methane gas producer
PetroChina withdrew a bid for an Australian coal bed methane gas producer, but will continue to invest in other Australia projects because of their commercial value and importance for energy security.
BG Group to focus on LNG in streamlined portfolio
The company is seeking to lure investors back. In recent months, BG Group has fallen out of favor with investors and analysts following a write down on the value of its US natural gas assets, big cost overruns at a key LNG project in Australia and downgrades to its production forecasts.
Indonesia to seek higher price from China for LNG
Under the existing contract, Indonesia can renegotiate the price when oil prices shoot up. The price of oil strongly correlates with the price of natural gas and LNG. The current contract, signed in 2006, uses a formula which assumes an oil price cap of $38/bbl, resulting in a selling price of $3.45/MMBtu.
ExxonMobil, Qatar sign pact for Texas LNG exports
This arrangement establishes a commercial framework to sell up to the full 15.6 million tpy output of the Golden Pass liquefaction project, and provide shipping and sales opportunities to existing and new markets, including leveraging the sponsors’ long-term arrangements for international imports.
Nigeria to review Trans-Saharan gas pipeline plan
Nigeria and Algeria signed a memorandum of understanding (MOU) in 2002 for the 4,000 km gas pipeline to carry gas from Nigeria's Niger Delta region through the Republic of Niger to Algeria's Beni Saf export terminal on the Mediterranean Sea.
Qatar to supply Egypt with up to 24 LNG cargoes
Under the swap deal, BG Group and Malaysia's Petroliam Nasional Bhd will give Egypt about 500 million cubic feet/day of the natural gas they extract in the country to help ease its fuel shortage, while Qatar Gas will reportedly send the LNG directly to the companies' overseas customers.
China's CNOOC to buy Australian LNG from BG
BG Group signed binding agreements with CNOOC for the sale of certain additional interests in the Queensland project for $1.93 billion and for the supply of an additional 5 million tpy of LNG.
Mexico City gas tanker explosion kills at least 22
One of the two gas tanks broke away from the truck in the San Pedro Xalostoc neighborhood just off the highway, setting fire to everything flammable in its path. The truck was identified as belonging to a company called Termogas, which distributes gas in several Mexican states.
Singapore LNG starts operations at new terminal
Singapore's new LNG terminal will have an initial throughput capacity of 3.5 MMtpa with two tanks, and will be expanded to 6 MMtpa by the end of 2013 and 9 MMtpa at a later stage.
GE buys small-scale LNG technology company Salof
Privately-held Salof is known for its cryogenic plant design and fabrication for small LNG and CO2 applications. GE, a leader in large-scale LNG technologies, said it recently launched LNG solutions with a significantly smaller footprint and capacity that are complementary to Salof’s offerings.
- Carbon capture tops agenda at GPAE Conference 2025 6/17
- INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy 6/17
- Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion 6/17
- China's May refinery throughput at 9-month low on plant overhauls (1) 6/17
- bp completes turnaround work at 250,000-bpd refinery in Washington (U.S.) 6/17
- Japan's Eneos restarts 77,000-bpd Kawasaki CDU after unplanned shutdown 6/17
