Iberdrola Signs $100 Million LNG Supply Contract With Gasnor
1 July 2008: Spanish energy major Iberdrola and Norway-based Gasnor have signed a liquefied natural gas supply contract worth about $100 million, pursuant to which Iberdrola will supply LNG from its regasification plant at Huelva, Spain.
The liquefied natural gas (LNG) will be shipped in a new 7,500 cubic meter (cbm) capacity cargo vessel, which Gasnor will put into operation in the first half of 2009.
The contract is expected to allow Gasnor to meet increasing demand in Scandinavia, which is exceeding production capacity at its three liquefaction plants on the west coast of Norway.
The LNG supplies from Iberdrola reportedly represent an effective back up for production, and will help Gasnor meet supply contracts with its customers.
ExxonMobil Joint Ventures to Outpace Industry in New LNG Capacity
Joint ventures in Qatar in which Exxon Mobil Corporation participates will start up projects over the next two years that will bring more liquefied natural gas to market than any other international oil company, Rex Tillerson, chairman and chief executive officer, said .
Speaking at the 19th World Petroleum Congress in Madrid, Mr. Tillerson outlined the challenge of supplying growing energy needs while minimizing the impact on the environment.
“New energy technologies for energy supply, such as those enabling an increase in world LNG supplies, together with technologies to improve energy efficiency, will be critical in meeting the world’s energy challenge,” Mr. Tillerson said.
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080701005909&newsLang=en
Qld Gas increases LNG project reserves
Queensland Gas Company Ltd (QGC) has defined more than a third of the required gas reserves it needs for a proposed $8 billion liquefied natural gas (LNG) development with BG Group Plc.
The coal seam gas producer has increased its proven and probable (2P) reserves in the Surat Basin in Queensland to 2,415 petajoules (PJ) after final confirmation by independent certifiers Netherland, Sewell & Associates.
QGC is targeting more than 7,000 PJ of 2P gas reserves to support a planned LNG plant at Gladstone on the Queensland coast.
Kawasaki Heavy Ship Unit Delivers LNG Carrier to Mitsui O.S.K.
June 30 - Kawasaki Heavy Industries Ltd., Japan's second-largest maker of heavy machinery, delivered a liquefied natural gas carrier to joint owners Mitsui O.S.K. Lines Ltd. and Tokyo-LNG Tanker Co.
Unit Kawasaki Shipbuilding Corp. built the Mmoss-type LNG vessel that can carry 147,558 cubic meters of gas, Kobe, Japan- based Kawasaki Heavy said today in a faxed statement, without disclosing the value of the contract. Tokyo-based Mitsui O.S.K. will operate the vessel.
Fed official rules against Fall River LNG terminal
The U.S. Secretary of Commerce has decided a Massachusetts agency acted correctly when it objected to plans to build a liquefied natural gas terminal in Fall River.
In a decision Thursday, U.S. Commerce Secretary Carlos Gutierrez ruled that the project’s potential benefit to the nation would not outweigh the possible effects on the coastline.
Gutierrez also said that while the project would increase New England’s access to LNG, Coast Guard officials are not convinced LNG tankers could safely navigate a nearby bridge.
Massachusetts Attorney General Martha Coakley, who’s against the project, called the developers’ appeal an attempt to circumvent the state.
A spokesman for Weaver’s Cove says the developers expect to file a new application with the state.
Iran, Poland to sign 2-billion-dollar LNG contract
Iranian Offshore Oil Company (IOOC)and Polish Oil and Gas Company (PGNiG) are about to sign a 2-billion-U.S.-dollar liquefied natural gas (LNG) contract, local daily Tehran Times reported Sunday.
"Recently Poland requested to invest in Lavan gas field whose volume of gas-in-place is around 10 trillion cubic feet (TCF)," IOOC managing director Mahmoud Zirakchian Zadeh was quoted as saying on Saturday.
"The Polish side has declared its readiness to invest in Persian Gulf's Lavan gas field development plan to export the produced LNG gas to Poland," he added.
Zadeh said that the contract will most probably be finalized.
Poland, which depends on Russia for 48 percent of its gas imports, has made diversification of supply a priority.
In recent months, PGNiG signed several deals that could allow it to import gas from countries such as Libya and Denmark.
Essar plans terminal for LNG and container cargo at West Coast
Live Mint reported that Essar Group is planning to expand its logistics business by building a port terminal for liquefied natural gas and a container cargo facility as well as freight stations and depots under its arm Essar Shipping Ports & Logistics Limited.
The report cited an Essar official as saying that "We are planning to build a port terminal for LNG handling and storage. The group is looking at setting up this facility in the west coast."
He added that expanding into LNG would be a logical extension of the group’s existing port business.
Essar has a port and terminal facility at Vadinar in Gujarat providing handling, storage and terminalling services for crude oil and petroleum products to refineries and traders. It is also setting up a 30 million tonnes per annum all weather port and jetty at Hazira in Gujarat for import of iron ore, pellets, coal, limestone and export of finished steel products. It also proposes to build an integrated terminal at Salaya for handling coal and pet coke used in power plants.
Petrobras and PDVSA make headway on LNG agreement
Brazilian national oil company Petrobras and Venezuelan national company PDVSA have signed agreements committing to negotiate commercial terms for the purchase and sale of liquefied natural gas (LNG) supplied by PDVSA.
The agreements set the basis for negotiation between the two companies for future LNG supply agreements. The product will be supplied by two liquefaction units, Tren 1 and Tren 2, that will be built in the Complejo Industrial Gran Mariscal de Ayacuchho in Venezuela.
Petrobras and PDVSA also made progress in the definition of the shareholder agreement and the articles of incorporation for a company that will be incorporated to build and operate the Abreu e Lima refinery in the State of Pernambuco, Brazil.
1 July 2008: Spanish energy major Iberdrola and Norway-based Gasnor have signed a liquefied natural gas supply contract worth about $100 million, pursuant to which Iberdrola will supply LNG from its regasification plant at Huelva, Spain.
The liquefied natural gas (LNG) will be shipped in a new 7,500 cubic meter (cbm) capacity cargo vessel, which Gasnor will put into operation in the first half of 2009.
The contract is expected to allow Gasnor to meet increasing demand in Scandinavia, which is exceeding production capacity at its three liquefaction plants on the west coast of Norway.
The LNG supplies from Iberdrola reportedly represent an effective back up for production, and will help Gasnor meet supply contracts with its customers.
ExxonMobil Joint Ventures to Outpace Industry in New LNG Capacity
Joint ventures in Qatar in which Exxon Mobil Corporation participates will start up projects over the next two years that will bring more liquefied natural gas to market than any other international oil company, Rex Tillerson, chairman and chief executive officer, said .
Speaking at the 19th World Petroleum Congress in Madrid, Mr. Tillerson outlined the challenge of supplying growing energy needs while minimizing the impact on the environment.
“New energy technologies for energy supply, such as those enabling an increase in world LNG supplies, together with technologies to improve energy efficiency, will be critical in meeting the world’s energy challenge,” Mr. Tillerson said.
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080701005909&newsLang=en
Qld Gas increases LNG project reserves
Queensland Gas Company Ltd (QGC) has defined more than a third of the required gas reserves it needs for a proposed $8 billion liquefied natural gas (LNG) development with BG Group Plc.
The coal seam gas producer has increased its proven and probable (2P) reserves in the Surat Basin in Queensland to 2,415 petajoules (PJ) after final confirmation by independent certifiers Netherland, Sewell & Associates.
QGC is targeting more than 7,000 PJ of 2P gas reserves to support a planned LNG plant at Gladstone on the Queensland coast.
Kawasaki Heavy Ship Unit Delivers LNG Carrier to Mitsui O.S.K.
June 30 - Kawasaki Heavy Industries Ltd., Japan's second-largest maker of heavy machinery, delivered a liquefied natural gas carrier to joint owners Mitsui O.S.K. Lines Ltd. and Tokyo-LNG Tanker Co.
Unit Kawasaki Shipbuilding Corp. built the Mmoss-type LNG vessel that can carry 147,558 cubic meters of gas, Kobe, Japan- based Kawasaki Heavy said today in a faxed statement, without disclosing the value of the contract. Tokyo-based Mitsui O.S.K. will operate the vessel.
Fed official rules against Fall River LNG terminal
The U.S. Secretary of Commerce has decided a Massachusetts agency acted correctly when it objected to plans to build a liquefied natural gas terminal in Fall River.
In a decision Thursday, U.S. Commerce Secretary Carlos Gutierrez ruled that the project’s potential benefit to the nation would not outweigh the possible effects on the coastline.
Gutierrez also said that while the project would increase New England’s access to LNG, Coast Guard officials are not convinced LNG tankers could safely navigate a nearby bridge.
Massachusetts Attorney General Martha Coakley, who’s against the project, called the developers’ appeal an attempt to circumvent the state.
A spokesman for Weaver’s Cove says the developers expect to file a new application with the state.
Iran, Poland to sign 2-billion-dollar LNG contract
Iranian Offshore Oil Company (IOOC)and Polish Oil and Gas Company (PGNiG) are about to sign a 2-billion-U.S.-dollar liquefied natural gas (LNG) contract, local daily Tehran Times reported Sunday.
"Recently Poland requested to invest in Lavan gas field whose volume of gas-in-place is around 10 trillion cubic feet (TCF)," IOOC managing director Mahmoud Zirakchian Zadeh was quoted as saying on Saturday.
"The Polish side has declared its readiness to invest in Persian Gulf's Lavan gas field development plan to export the produced LNG gas to Poland," he added.
Zadeh said that the contract will most probably be finalized.
Poland, which depends on Russia for 48 percent of its gas imports, has made diversification of supply a priority.
In recent months, PGNiG signed several deals that could allow it to import gas from countries such as Libya and Denmark.
Essar plans terminal for LNG and container cargo at West Coast
Live Mint reported that Essar Group is planning to expand its logistics business by building a port terminal for liquefied natural gas and a container cargo facility as well as freight stations and depots under its arm Essar Shipping Ports & Logistics Limited.
The report cited an Essar official as saying that "We are planning to build a port terminal for LNG handling and storage. The group is looking at setting up this facility in the west coast."
He added that expanding into LNG would be a logical extension of the group’s existing port business.
Essar has a port and terminal facility at Vadinar in Gujarat providing handling, storage and terminalling services for crude oil and petroleum products to refineries and traders. It is also setting up a 30 million tonnes per annum all weather port and jetty at Hazira in Gujarat for import of iron ore, pellets, coal, limestone and export of finished steel products. It also proposes to build an integrated terminal at Salaya for handling coal and pet coke used in power plants.
Petrobras and PDVSA make headway on LNG agreement
Brazilian national oil company Petrobras and Venezuelan national company PDVSA have signed agreements committing to negotiate commercial terms for the purchase and sale of liquefied natural gas (LNG) supplied by PDVSA.
The agreements set the basis for negotiation between the two companies for future LNG supply agreements. The product will be supplied by two liquefaction units, Tren 1 and Tren 2, that will be built in the Complejo Industrial Gran Mariscal de Ayacuchho in Venezuela.
Petrobras and PDVSA also made progress in the definition of the shareholder agreement and the articles of incorporation for a company that will be incorporated to build and operate the Abreu e Lima refinery in the State of Pernambuco, Brazil.
