Archive for the ‘Markets’ Category
The Queensland Australia Pacific LNG (APLNG) consortium has signed a 20-year natural gas transportation agreement with Melbourne-based APA Group that will result in a domestic gas pipeline from APLNG’s network directly to the Wallumbilla gas-supply hub east of Roma in southeast Queensland.
Williams Partners LP’s Transcontinental Gas Pipe Line Co. LLC (Transco) applied with the US Federal Energy Regulatory Commission for authorization to build its Gulf Connector project, a 475-MMcfd expansion in Texas and Louisiana to connect US natural gas supplies with global LNG markets.
Biden pledges continued US support for Baltic States’ energy progress
August 26th, 2016 by Latest News
US Vice-President Joseph R. Biden Jr. applauded the three Baltic nations’ recent energy diversification progress and pledged continued US support for Latvia, Lithuania, and Estonia. “Not long ago, this region was known as the ‘energy island,’ cut off from the rest of Europe. And the Baltic States know as well as any nation the national security consequences of being energy dependent,” he said during an Aug. 24 address at the National Library of Latvia in Riga.
RasGas Co. Ltd. delivered its first LNG cargo on Aug. 23 via the Al Thakhira LNG tanker to the Toscana floating storage regasification unit (FSRU) offshore Italy.
Countries in the Middle East and North Africa (MENA) account for a rapidly rising share of global LNG demand and will invest about $10.3 billion in the “medium term” to meet import needs, says Arab Petroleum Investment Corp. (APICORP).
Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies (CCS) basis, excluding identified items, of $1.05 billion, down from $3.76 billion in second-quarter 2015. First-half earnings on a CCS basis, also excluding iden…
ExxonMobil to acquire InterOil in deal valued at more than $2.5 billion
July 21st, 2016 by Latest News
ExxonMobil Corp. has agreed to acquire all outstanding shares of InterOil Corp. for more than $2.5 billion. The deal is expected to close in September. Oil Search Ltd. in turn has withdrawn from its InterOil takeover attempt. An initial agreement betwe…
Cameron LNG has received authorization from the US Department of Energy (DOE) to export an additional 1.41 bcfd from its proposed Louisiana liquefaction expansion project to countries that do not have a free trade agreement with the US. Following appro…
LNG Canada postpones FID for Kitimat project
July 12th, 2016 by Latest News
The LNG Canada joint venture has elected to delay a final investment decision (FID) for the project to be built near Kitimat, BC, citing “global industry challenges, including capital constraints.” A decision had been planned for yearend.
Worldwide natural gas demand is expected to rise 1.6%/year during 2014-35, driven by emerging markets, electric power generation, and industry, according to a recent outlook from Cedigaz.