Gas Processing/LNG
HP Impact: Driven by China, global methanol demand rises 23% in two years
According to a new IHS Chemical global market study, global methanol demand increased 23% during the two-year period of 2010 to 2012, primarily driven by Chinese demand.Annual demand for the product i..
Technip, JGC win engineering work for Yamal LNG venture in Russian Arctic
Technip and JGC Corp. will build a plant of three liquefied natural gas trains with an annual capacity of 16.5 million metric tons. Yamal LNG didn't disclose details of the consortium's winning bid.
Chevron, Chubu sign Australian LNG off-take pact
Chevron and Wheatstone LNG partners Apache Energy and Kuwait Foreign Petroleum Exploration will supply Chubu with 1 million metric tpy for up to 20 years, Chevron said in a statement late Thursday.
Dow Chemical, YPF to develop Argentine shale gas, collaborate on petrochemicals
The companies now enter into talks on how to work out the details of a deal to uncover unconventional gas in the Orejano block in Argentina's resource-rich Neuquen province. Dow and YPF also agreed to work together to come up with ways for further develop the nation's petrochemical industry.
Shell gets Chinese approval on key shale project
Shell and state-oil giant CNPC first announced a deal in March 2012 to develop the shale reserves. The companies haven't disclosed details of the contract, but the approval suggests authorities in Beijing have developed the regulatory framework needed to spur wider international investment.
Mitsubishi Heavy, Imabari to jointly build LNG ships
Mitsubishi Heavy is one of Japan's pioneer LNG ship builders, while Imabari is the country's most cost-competitive one. The total LNG carrier building capacity will be as big as their South Korean rivals.
ExxonMobil, BHP plan massive floating LNG project near Western Australia
The partners in the remote field are working on a floating production vessel capable of producing up to 7 million metric tpy of liquefied natural gas, or LNG, the report said. That's nearly twice the size of Royal Dutch Shell's planned Prelude development off the coast of Western Australia, the paper said.
UK's Centrica signs deal to import US natural gas
The contract with Cheniere Energy Partners will see Centrica import 1.75 millio tpy of gas, enough to power around 1.8 million UK homes, according to the firm. It is the first such deal between a US supplier and a UK utility. The deal is subject to Cheniere getting the necessary regulatory approval.
Saudi Arabia to begin drilling for shale gas this year
Saudi Arabia, the world's largest exporter of crude oil, will push ahead this year with exploratory drilling of shale and other unconventional gas reserves which could be twice the size of its conventional gas reserves, which total 286 trillion cubic feet, Minister of Oil Ali al-Naimi said.
Russia, China to sign memorandum on gas supply
The deal could potentially be reached to deliver 38 billion cubic meters of gas annually to China beginning in 2018, the person said. The two sides are still negotiating on price, said a person familiar with the talks.
- 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
