Anadarko Petroleum Corporation today announced that Mozambique LNG, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into an LNG Sale and Purchase Agreement with Électricité de France, for the supply of 1.2 million tonnes per year for 15 years.
The USCG issued a Letter of Recommendation to the Federal Energy Regulatory Commission confirming the suitability of the Brownsville Ship Channel for Texas LNG’s marine traffic as it relates to safety and security. The Texas LNG facility is being designed to accommodate LNG carriers with nominal LNG capacities up to 180,000 m3.
The LNG market continues to perform above expectations, as its demand grew by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. However, based on current projections, Shell predicts a supply shortage in mid-2020s, unless new LNG production project commitments are made soon.
After a powerful 7.5 magnitude earthquake hit Papua New Guinea’s Southern Highlands province, ExxonMobil and Oil Search announced that they have temporarily shut their operations in the country. The earthquake hit the Southern Highlands about 560 km northwest of the capital, Port Moresby.
Marubeni Corporation, JERA Co., and Squadron Energy, a subsidiary of Australia’s Minderoo Group, signed a Memorandum of Understanding regarding a joint feasibility study for the establishment of an LNG import terminal and gas supply project in New South Wales, Australia.
The proposed change to MARPOL Annex VI to ban the carriage of bunkers above 0.50% sulphur does not prevent the use of technology to lower these emissions, such as scrubbers. Nor does it apply to bunkers carried as cargo. However, there are concerns that the regulatory change does not make this clear enough.
Russian shipping company Sovcomflot signed time-charter agreements with Shell for two LNG fueled Aframax tankers. The vessels are part of a series of six SCF Group tankers that are currently under construction and will be delivered between the third quarter if 2018 and the first quarter of 2019.
Examining major issues that will shape energy supply and demand through to 2035 and beyond, the latest issue of the annual BP Energy Outlook highlighted, among others, that LNG supplies more than double over the Outlook period (2015-2035), with around 40% of this expansion occurring over the next five years.
According to the MOU, the two companies will collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research and technology development.
The recent announcements by Qatar Petroleum were led by the planned expansion of North Field production, which will enhance Qatar’s position by increasing its LNG production from 77 million to 100 million tons per year. It also came at a time of an increasing international upstream activity,
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