(Energy Analytics Institute, 31.Jan.2021) — Key highlights from the January 2021 Economic Bulletin from the Central Bank of Trinidad & Tobago follow. — The COVID-19 pandemic continued to have broad-based negative impacts on the performance of the domestic economy, particularly the energy sector. — Energy commodity prices were significantly impacted […]
Tag: LNG
Panama Canal LNG Vessel Bottleneck Could Go Months
(Reuters, 14.Jan.2021) — Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal’s regulator said it had made changes to speed up transit. The price of liquefied natural gas (LNG) and shipping rates […]
Reganosa To Operate LNG Terminal In Ghana
(Reganosa, 12.Jan.2021) — Reganosa has been awarded the contract to operate and maintain a liquefied natural gas (LNG) regasification terminal in Tema, Ghana. Currently under construction, the Tema LNG terminal is an innovative addition to the region’s infrastructure and unique in sub-Saharan Africa, as both its storage (FSU) and regasification […]
Pompeo On Win-Win Solutions, Capital Storming
(Energy Analytics Institute, 6.Jan.2021) — US Secretary of State Michael Pompeo comments on win-win mineral solutions in certain countries from DRC to Brazil as well as other issues related to US LNG and the violent storming of the US Capital building in Washington, DC by supports loyal to outgoing US […]
Total Asks Mozambique Staff To Leave Over Attacks
(Bloomberg, 1.Jan.2021) — Total SE asked some staff to vacate its $20 billion Mozambique liquefied natural gas project as Islamist militants are staging attacks increasingly closer to the site. Fighters linked to Islamic State raided a town less than 5 kilometers (3 miles) from the construction camp this week of […]
KOMAX Desuperheaters Generating Energy
(Komax, 15.Dec.2020) — Komax Systems, Inc., has created a desuperheater that works for both gas and steam applications and is helping harness the energy of the future, liquified natural gas (LNG). The Purpose of Desuperheaters Desuperheaters are used to precisely control the temperature and pressure of steam in a variety […]
Total Closes Participation in the EnergĂa Costa Azul LNG Export Project
(Total, 10.Dec.2020) — Total, Sempra LNG and IEnova signed binding agreements finalizing Total’s equity investment in the EnergĂa Costa Azul liquefied natural gas export project (ECA LNG), located in Baja California, Mexico. Total now holds a 16.6% equity share of the project, for which the final investment decision was taken last […]
Energy Capital Vietnam And Gunvor Form Trade JV
(ECV, 8.Dec.2020) — Energy Capital Vietnam (ECV), a US-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam, has announced the formation of a joint venture (JV) with Gunvor International BV (Gunvor), one of the world’s leading independent energy commodities trading […]
Venture Global LNG Awards KBR Contract Export Facility
(Venture Global, 23.Nov.2020) — Venture Global LNG, Inc. announces that KBR has been awarded the engineering, procurement and construction (EPC) contract as lead contractor for Phase 1 of the Plaquemines LNG export project currently under development in Plaquemines Parish, Louisiana. KBR will integrate highly modularized, owner-furnished equipment for the 10 […]
Sempra Announces FID Of Costa Azul LNG Project
(Sempra Energy, 17.Nov.2020) — Sempra Energy announced that its subsidiary ECA Liquefaction (ECA LNG), a joint venture between Sempra LNG and Infraestructura EnergĂ©tica Nova, S.A.B. de C.V. (IEnova), has reached a final investment decision (FID) for the development, construction and operation of the ECA LNG Phase 1 natural gas liquefaction-export project […]
Mexico to Give Sempra LNG Export Permit
(Reuters, 13.Nov.2020) — Mexico will give the local unit of U.S.-based Sempra Energy an export permit for a liquefied natural gas (LNG) facility in northwest Mexico, as long as the company helps offset an oversupply of gas in the area, the president said on Friday. San Diego-based Sempra has previously […]
Sempra Energy Excited About US Position
(Sempra, 5.Nov.2020) — Sempra Energy reported third-quarter 2020 earnings of $351mn, or $1.21 per diluted share, compared to third-quarter 2019 earnings of $813mn, or $2.84 per diluted share. On an adjusted basis, the company’s third-quarter 2020 earnings were $380mn, or $1.31 per diluted share, compared to $425 million, or $1.50 […]
UPME On Pacific Facility Investor Selection
(Energy Analytics Institute, 30.Oct.2020) — Colombia’s Mining and Energy Planning Unit (UPME) officially started the investor selection process for the Pacific Gas Import Infrastructure project, which will encompass LNG storage, regasification, natural gas transportation as well as associated services . Highlights: — The deal will be awarded before the end […]
France’s Total Charters Four New LNG-powered Vessels
(Total, 28.Oct.2020) — Total is pursuing its strategy to reduce greenhouse gases emissions in maritime transportation, by chartering four Aframax-type vessels equipped with liquefied natural gas (LNG) propulsion. These vessels, each with a capacity of 110,000 tons of crude oil or refined products, will be delivered in 2023 and will […]
Exmar Inks $150mn Agreement With YPF
(Energy Analytics Institute, 19.Oct.2020) — Belgium-based Exmar reached a $150mn settlement with Argentina’s state-controlled YPF SA related to a dispute under the Tango FLNG agreements. In the deal, YPF will pay the settlement to Exmar for consideration of the early termination of the Tango FLNG agreements, as announced on 25 […]
Mexico Announces Infrastructure Projects
(Platts, 5.Oct.2020) — Mexico announced on Oct. 5 a set of infrastructure projects worth almost $14 billion to reactivate the economy, including a new coker for one of its six refineries as well as a liquefaction plant to export natural gas. The federal government and private industry will begin working […]
Heard On The Street: Argentina’s Gas Dilemma
(Energy Analytics Institute, 30.Sep.2020) — If Argentina is unable to boost its natural gas production, piped gas imports from Bolivia as well as liquefied natural gas (LNG) imports injected from Escobar may not be sufficient to cover demand in the domestic market. As such, Argentina could be forced to opt […]
Petrobras To Waive Capacity At Regasification Terminal
(Petrobras, 29.Sep.2020) — Petrobras, in response to Official Letter 7132/2020/CGAA4/SGA1/SG/CADE, dated 29 September 2020, and further to the notice disclosed on 3 August about the lease of the LNG Regasification Terminal in Bahia (TR-BA) and associated facilities, hereby declares its commitment to waive all the capacity of the SĂŁo SebastiĂŁo […]
Petrobras To Review Golar’s Participation In Terminal
(Reuters, 28.Sep.2020) — Brazilian oil producer Petroleo Brasileiro SA said it will review liquefied natural gas (LNG) company Golar Power’s participation in an ongoing tender to lease an import terminal of the super-chilled natural gas in Bahia state. Petrobras, as the Rio de Janeiro-based company is known, said in a […]
Argentine Gas Imports Were 42.2 MMcm/d In July 2020
(Energy Analytics Institute, 26.Sep.2020) — Argentina’s imports of natural gas from liquefied natural gas (LNG) and piped gas from Bolivia reached 42.2 million cubic meters per day (MMcm/d) in July 2020, online newspaper RĂo Negro reported on 26 September 2020. __________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All […]
Gas Sector Dynamism Consolidated In Colombia
(Promigas, 14.Sep.2020) — The 2020 Natural Gas Sector Report presented by Promigas provides a concrete overview of Colombia in terms of reserves, investments, energy security, networks and transportation, as well as the effects of the Covid-19 pandemic. Some highlight include: — Colombia has 54 trillion cubic feet of natural gas […]
Air Products To Supply Four Cryogenic Heat Exchangers
(Air Products, 9.Sep.2020) — Air Products, the world’s leader in liquefied natural gas (LNG) technology and equipment, will provide four of its MCR® Main Cryogenic Heat Exchangers (MCHEs) for Sonatrach’s GL1Z LNG facility in Arzew, Algeria. The four heat exchangers will each have 1.3 million tonnes per year production capacity […]
McDermott Inks FEED Deal For Vietnam Gas Pipeline
(McDermott, 26.Aug.2020) — McDermott International Ltd. today announced it has been awarded a contract by Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline. The pipeline will connect a regassification platform, located approximately 22 miles (35 kilometers) offshore, to the planned 3,200 MW power […]
YPFB To Suspend Gas Service To Caranavi
(Energy Analytics Institute, 21.Aug.2020) — Bolivia’s Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB) announced plans to suspend residential gas supplies to communities in Caranavi starting 21 August 2020. The Bolivian state entity didn’t state a reason for the suspension nor did it say when services would be reinstated. YPFB said 21 August […]
EnergyQuest’s 1st Australian LNG Shipment To Chile
(EnergyQuest, 19.Aug.2020) — Australia has just shipped its first LNG cargo to Chile. The cargo is from the Shell-operated QCLNG project at Gladstone in Queensland. It was transported aboard the Sevilla Knutsen. The tanker docked at Quintero, Chile on 15 August after a 24-day voyage of more than 13,500 nautical […]
LNG Vessel Completes 10,000th Neopanamax Transit At Panama Canal
(Panama Canal Authority, 11.Aug.2020) — The Panama Canal welcomed the 10,000th Neopanamax vessel through the Expanded Canal on Monday, marking a new milestone for the nearly 106-year waterway and its growing liquefied natural gas (LNG) segment. The milestone transit was completed by LNG vessel SK Resolute travelling southbound from the […]
Cameron LNG Reaches Full Commercial Operations
(Sempra LNG, 10.Aug.2020) — Sempra LNG, a subsidiary of Sempra Energy, announced the Cameron LNG export facility in Hackberry, Louisiana, has begun full commercial operations under Cameron LNG’s tolling agreements. “At Sempra LNG, we set a goal of building the leading LNG export business in North America. With Cameron LNG […]
Petrobras Reveals Details Of Bahia LNG Terminal Lease
(Petrobras, 3.Aug.2020) — Petrobras, in accordance with the commitments made through the Agreement signed with the Administrative Council for Economic Defense (CADE), on 8 July 2019, and following up on the release dated 9 December 2019, informs it published today the Bidding Process Call for the leasing of the LNG […]
Chevron Expects To Restart Train 2 Of Gorgon LNG Plant
(Reuters, 28.Jul.2020) — Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday. Gorgon is carrying out the repair work after a routine inspection of the train’s propane heat exchangers during […]
Ecuador Eyes Its First LNG Import Terminal
(Argus, 27.Jul.2020) — US firm Sycar plans to build Ecuador’s first LNG import terminal, with construction expected to start in 2021. Sycar, in partnership with an unnamed LNG trading firm, intends to install a floating storage and regasification unit (FSRU) to provide regasified LNG to the 130MW Thermo Gas Machala […]
Colombia Relaunches Bid Process For LNG Terminal
(Shearman & Sterling, 15.Jul.2020) — The Colombian government has issued a new timetable for the tender with respect to the design, construction and operation under a build, own and operate, or “BOO” scheme, of an LNG regasification facility in the Pacific seaport city of Buenaventura and the related pipeline to […]
Total Secures $15.8bn For Mozambique Gas Project
(Reuters, 8.Jul.2020) — French oil major Total has secured $15.8 billion in funding for its massive liquefied natural gas (LNG) project in northern Mozambique, according to South African lender FirstRand’s local unit, FNB Mozambique. Total declined to comment. In a press release published on Wednesday, FNB Mozambique said the financing […]
Petrobras Eyes LNG Units For Pre-salt Gas
(Reuters, 3.Jul.2020) — Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company’s emissions and climate change manager said during a webinar on Friday. Liquefied natural gas units could be an alternative for the gas associated […]
Golar Power Enters Alliance With Galileo
(Galileo Technologies, 2.Jul.2020) — The Agreement was signed yesterday in Sao Paulo and will leverage Golar Power’s natural gas distribution Project, without pipelines, in the interior of Brazil. The project will also tap into new biomethane sources. Golar Power, one of the world’s largest LNG integrated companies, entered into a […]
Argentina’s Subsidy Not Enough To Boost Production
(GlobalData, 29.Jun.2020) — Adrian Lara, Senior Oil & Gas Analyst at GlobalData, commented on announcements from Argentina’s government to implement a new plan for subsidizing oil and gas production in face of the current Covid-19 crisis. “The impact of COVID-19 in Argentina has resulted in lower oil refining inputs and […]
YPF Issues Force Majeure Notice On Tango FLNG
(Reuters, 26.Jun.2020) — Belgian shipping company Exmar has said that it had received a force majeure notice from Argentine oil company YPF SA under charter and services deals for the Tango floating export project. “YPF claims that effects of the coronavirus (COVID-19) pandemic both worldwide and in Argentina have hindered […]
Trinidad Cuts Oil, Gas Budget Price Assumptions
(Argus, 25.Jun.2020) — LNG exporter Trinidad and Tobago has reduced the crude and natural gas price assumptions in its national budget. According to the finance ministry’s mid-year economic review obtained by Argus, the country’s baseline scenario for macroeconomic conditions is now pegged to $45/bl for Brent and $2.90/MMBtu for the […]
Total And Sonatrach Extend Their LNG Partnership
(Total, 25.Jun.2020) — Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG). This agreement notably allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tons per year of Algerian LNG to the […]
Keith Rowley’s Address – Energy, Renewables Event
(Trinidad Prime Minister, 24.Jun.2020) — Prime Minister Dr the Hon Keith Rowley’s Feature Address – Energy Efficiency and Renewables Conference 2020. Ladies and Gentlemen, a very good morning to you all. I am once again honoured to be among such a knowledgeable gathering, even if it has to be in […]
Global LNG Demand Faces Seasonal Contraction
(WoodMac, 2.Jun.2020) — The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7% or 3 million tonnes (Mt) year-on-year, says Wood Mackenzie. Lockdown measures and negative economic outlook stemming from the coronavirus pandemic […]
Gastech To Host Virtual Conference In 2020
(Energy Analytics Institute, Jared Yamin, 30.May.2020) — Gastech 2020 will now take place virtually, from 7-11 September 2020, with strategic and technical conference content streamed online, enabling the natural gas, LNG and energy industries opportunity to engage with a series of interactive conference sessions, as it adapts and responds to […]
Global LNG Demand Resilient Amid COVID-19
(IHSMarkit, 30.Apr.2020) — The COVID19 pandemic has led to lockdowns across the globe and severe downgrades for short-term macroeconomic indicators. A major re-evaluation is needed for the supply and demand of each traded commodity and LNG is no exception. It is clear that natural gas demand will be negatively affected, […]
LNG Continues Enhancing Global Energy Security: IGU
(IGU, 27.Apr.2020) — The International Gas Union (IGU) is pleased to launch its annual LNG report for 2020. The comprehensive analysis highlights all the material changes in the global LNG industry in 2019. This report features key global LNG industry updates, right across its value chain, demonstrating yet another strong […]
Cameron LNG Begins Train 3 Final Commissioning
(Cameron LNG, 22.Apr.2020) — Sempra LNG, a subsidiary of Sempra Energy, announced that Cameron LNG has entered the final commissioning stage for the Phase 1, three-train liquefaction-export project in Hackberry, La., as it began introducing pipeline feed gas flow to the third and last liquefaction train. “Cameron LNG is a […]
Galileo Sales VP Gabriel Lorenzi Interviewed By GBR
(Global Business Reports, 9.Apr.2020) — Twenty years ago it was impossible to think about an off-grid natural gas network. Today, Africa can build it with our innovative and efficient technologies, which work very well both in large producing countries and those looking at gas imports or monetizing small gas fields. […]
Triple Whammy: Oil Crash, Covid-19, LNG Oversupply
(WoodMac, 1.Apr.2020) — In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year. Wood Mackenzie research director Robert Sims said: “While the collapse of LNG prices towards US production break-evens was foreseeable, […]
Sempra’s Virtual Investor Day Focuses On Resilience
(Sempra, 24.Mar.2020) — Sempra Energy’s senior management team is providing an update on the company’s business strategy on an Investor Day conference call, including details on the company’s five-year capital plan, projected rate base growth, segment-level earnings guidance and planned improvements to balance sheet strength. “In the midst of a […]
Promigas guarantees energy security In Colombia
BOGOTA, COLOMBIA (By Promigas, 2.Mar.2020, Words: 440) — Because of the drought that has been affecting Colombia, reservoir levels have fallen this week to 44% of capacity, which represents a useful hydroelectric generation volume of almost 8,000 gigawatts per hour (GWh). An increase in thermal generation was therefore required, in […]
Venture Global And EDF Ink LNG PSA For 1 MTPA
(Venture Global, 25.Feb.2020)— Venture Global LNG, Inc. announces that Venture Global Plaquemines LNG, LLC and ÉlectricitĂ© de France, S.A. (EDF) have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of one million tonnes per annum (MTPA) from the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. […]
Trinidad Cancels Gas Deal Over US Sanctions
(Aljazeera, 3 Feb 2020) — Trinidad and Tobago has cancelled an agreement with Venezuela for the joint development of a natural gas field straddling their maritime border because of United States sanctions on Venezuela’s state energy giant Petroleos de Venezuela SA (PDVSA). The Caribbean island nation is a major exporter […]