Gas Processing/LNG
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.
Shell-Iraq venture to double gas processing output
The venture will process 500 million cubic feet/day (MMcfd) of natural gas by the end of this year, Iraq's South Gas Co. Director said, compared with 240 MMcfd that was being captured in November 2011 when the JV was agreed. State-run South Gas Co. holds 51% of the $17.5 billion joint venture.
APA Group interested in buying gas pipelines from Australian LNG ventures
The APA executive said the ventures are particularly interested in selling the core pipelines running from gas fields in Queensland State’s Surat Basin to the port of Gladstone on the coast. He added that any deals would be more straightforward once the pipelines had been built over the next year or so.
- BGN announces strategic MoU with XCF Global to produce and supply SAF 11/17
- KazMunayGas and Uzbekneftegaz partner to build 50,000-tpy linear alkylbenzene plant 11/17
- Chevron joins race to explore potential purchase of Lukoil assets, including refineries 11/17
- Abra Group and Sumitomo sign MoU to advance affordable SAF in Brazil 11/17
- Sonatrach signs contract for unit with Sinopec subsidiary to boost gasoline production capacity 11/17
- Verso Energy awards FEED contract to Rely for the DEZiR eSAF project 11/17
