Setting a model for small-scale importing markets, the Jamaican government and its electric utility monopoly Jamaica Public Services (JPS) have worked closely and effectively with a single private partner, U.S.-based New Fortress Energy (NFE), to rapidly introduce LNG within 1 year of the August 2015 gas-supply agreement. The island offers a case study with several specific lessons for both private developers and governments to succeed with minimal delays in implementing midstream and downstream gas projects.
To meet the growing demand for electricity and address specific issues arising from the significant expansion of renewable energy, the Kingdom of Morocco has decided to diversify its generation mix by increasing the use of liquefied natural gas (“LNG”) with an ambitious Gas to Power project. A two-stage development plan:
Lithuanian LNG import levels are consistently among the lowest of the LNG importing countries due to the limited size of the Lithuanian gas and by extension, the LNG market. Yet, Klaipeda’s FSRU independence utilization rate sits comfortably above the European average.
Tyson Stuelpe, vice president of global sales and marketing at SpotSee, an IoT solutions provider, speaks to Pipeline Magazine about new technology in transformers, market demand and supply challenges
Shell has signed an agreement to sell its downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions.
Total and Google Cloud have signed an agreement to jointly develop artificial intelligence (A.I.) solutions applied to subsurface data analysis for oil and gas exploration and production.
Scottish energy equipment manufacturers and service providers’ regional arms Flowline Specialists and Motive have signed a preliminary agreement to collaborate on a number of projects in the region.
Shell has announced that it has made the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico.
Flowserve AlMansoori Services, a maintenance, repair and overhaul company, has launched a new facility in Mussafah, Abu Dhabi that will expand its operations and allow business growth.
Iraq will receive bids and auction exploration and development contracts to international oil and gas companies on Thursday April 26, the oil ministry said.
UK-based Subsea 7 has said that it submitted a bid at the end of last week to acquire the entire issued share capital of McDermott but was rejected by the board of its US-based rival who in turn is in the midst of its own proposed merger with Chicago Bridge & Iron (CB&I).
SDX Energy Inc., the North Africa focused oil and gas company, said it has discovered oil at its Rabul 4 well in the West Gharib Concession in Egypt.
Malaysia's Yinson has signed a long term Memorandum of Understanding (MoU) with Japanese company Sumitomo to jointly pursue and collaborate in the leasing and operation of FPSO and FSO projects worldwide.
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, said it has been awarded a license to own, operate and manage fuel service stations in the Kingdom of Saudi Arabia.
Norway's DeepOcean has acquired Texas-based Delta SubSea to expand its presence into the U.S. Gulf of Mexico.
Over 150 oil and gas related companies from the United Kingdom met with Gulf energy companies in Abu Dhabi at an event where ADNOC unveiled its in-country value programme.
Abu Dhabi National Oil Company (ADNOC) on Monday said it establishing a new trading unit within its marketing, sales and trading directorate to maximise profits from every barrel of crude and refined products.
SDX Energy, the North Africa focused oil and gas company, said a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit in Morocco.
Charles Harris, marketing manager - EMEA, instrumentation products division Europe at Parker Hannifin spoke to Pipeline Magazine about the outlook for the valves and pipes market
Garlock Pipeline Technologies (GPT) has announced the launch of EVOLUTION. The next generation of isolation gaskets, EVOLUTION features easier installation, tight sealing, high-temperature operation, no permeation, hydrotesting isolation, fire-safety and chemical-resistance.
OPEC said a production cut accord between 24 countries resulted in oil stocks to drop by 300 million barrels but more needs to be done despite March conformity at 149 per cent.
Russia's Lukoil has started up operations at its gas processing plant at its Kandym gas field in Uzbekistan ahead of schedule.
Petroplan Group, the specialist oil, gas and energy recruitment company, announced the appointment of Philippa Barnes as its new CEO.
With the new tax incentives put in place by the British Columbian government, LNG projects are now beginning to show signs of strong growth and development. As stated by Mr Keane in the Vancouver Sun, "B.C. has a chance to build an entirely new industry that can benefit the province, the country and the world".
When it comes to the natural gas in Canada, there has been generally very strong support for the LNG industry from the First Nations, with one First Nations leader stating the industry 'brings hope to members in terms of employment and capacity-building for future generations that come."
Ahead of the Canada Gas and LNG Exhibition and Conference taking place 14-16 May in Vancouver, the 11th instalment of the Gastalk webinar series saw presenter Susan Sakmar, Author and visiting Law Professor at the University of Houston Law Centre host a special edition.
It has been a long time coming, but natural gas is finally emerging from beneath the shadow of its big brother, crude oil. While some of the more traditional participants in the LNG space may still be hanging on to the idea that oil indexation for gas is still a viable way to price it, increasingly their gas marketing attempts are looking like King Canute’s doomed struggle to keep the tide from coming in.
Price review clauses have long been a feature of mid-to-long term LNG sale and purchase agreements ("LNG SPAs"). Changing market dynamics and recent price volatility has placed additional focus and pressure on these clauses, which have become increasingly detailed and heavily negotiated.
Demand for Liquefied Natural Gas (LNG) in Asian countries like Taiwan, Korea, China, India, Pakistan, Sri Lanka, etc. has nearly doubled over the past four years, from 17.7 million tonnes in 2013 to 33.2 million tonnes in 2017. This spike in the requirement for the cleanest fossil fuel has been primarily been supported by the Chinese government’s reinvigorating efforts at combating air pollution.
With numerous drivers leading the developments of small scale LNG projects around the world, the evolving technology could help solve many of the energy challenges in developing and emerging countries. Small LNG Shipping Consultants provides shipping consultancy and brokering services to assist in truly optimising projects.
At Ahart Solutions International, we envision a future where natural gas will play a major role in our energy mix. Advances in technology and an ever-evolving market are the main factors driving small scale LNG. What is the small scale LNG technology? Generally, small scale LNG could be segmented into nano and micro LNG:
In both the 2017 and 2018 British Petroleum (BP) Energy Outlook’s the reports suggested that the global LNG trade through maritime routes would grow rapidly, eventually composing half of all trade over the next 20 years. The BP reports and many others show just how strong and dynamic the new natural gas and LNG market is. Trade of LNG grows seven times faster than pipeline trade, and from 2018 all global consumptions could be up to 40%.
As British Columbia introduces a new tax break in the hope to boost the LNG industry and encourage projects to reach the FID stage later this year; the market is showing signs of growth and positivity, leading us to ask, what will 2018 bring to the industry?
Although Canada's gas and LNG industry has not progressed as quickly as others, 2018 is looking like it will be the year for new and exciting developments for the market. With new regulations and policies being put in place, gas players are starting to look closely at the upcoming projects and predict how they will help with the growing global LNG demand.
As we head further into 2018, the Canadian gas and LNG industry continues to show signs of development; governments are now better supporting the industry and the growth of LNG demand in Asia provides a strong future market for the country's future exports.
As the natural gas and LNG industry continues to adapt to the growing demand, sponsors are exploring new ways to secure financing for the next wave of liquefaction projects. The market is now developing and exploring more flexible and creative pricing structures to be able to offer a combination of short, medium and long-term LNG agreements.