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News Archive

LNG

Arbitration process started between Gas Natural, Repsol and Sonatrach

The international arbitration between Spanish gas shippers Gas Natural, Repsol YPF and Algeria’s Sonatrach has started in Geneva, according to reports in the Algerian press on Thursday. At the same...

28 Sep 2007 00:00 | GLM

LNG

Australian field share swap raises hopes for LNG supply

The prospect of yet another Australian liquefaction project was raised this week, when Shell sold a stake in an offshore gas field to Malaysia.Shell’s Australian division, Shell Development...

28 Sep 2007 00:00 | GLM

LNG

Cyprus preparing for LNG tender next month

Cyprus remains committed to the eventual installation of an LNG import terminal. A tender for a floating terminal is likely to be issued in October.A source involved in the project told Heren Energy...

28 Sep 2007 00:00 | GLM

LNG

Date unknown for loading of Snøhvit’s first LNG cargo

Statoil is still uncertain when the first cargo of LNG will set sail from the 4 mtpa Snøhvit project in northern Norway. A company spokesman said there had been some problems at the liquefaction...

28 Sep 2007 00:00 | GLM

Emissions

EDF and RWE singled out

A report commissioned by environmental association WWF singled out RWE npower and EDF Energy as the two UK utilities showing the least progress in addressing climate change issues. Centrica and...

28 Sep 2007 00:00 | EDCM

Emissions

EU-cap appeals to a third of UK installations

Centrally-set emissions caps for phase III of the emissions trading scheme (ETS) would be “a fairer and more equitable process for determining member states’ contributions to burden-sharing,”...

28 Sep 2007 00:00 | EDCM

Gas

German prompt trades around TTF; EGT curve interest picking up

The German market followed the TTF slavishly from the middle of September. Activity was centered around the prompt, although there was scattered interest in curve contracts as well. On several...

28 Sep 2007 00:00 | EGM

LNG

Italy’s Mse signs document to force EIA on Brindisi, Scanio’s approval needed

Italy’s Ministry of Economic Development (Mse) has submitted a signed document to the country’s environmental ministry, in order to start an Environmental Impact Assessment (EIA) on the controversial...

28 Sep 2007 00:00 | GLM

LNG

LNG financing: Crisis? What crisis?

In the past few weeks, global credit markets have been rocked by a crisis that is leading financing institutions to fundamentally reconsider the pricing of risky investments.New-build LNG projects –...

28 Sep 2007 00:00 | GLM

LNG

News in Brief

Angola FID soonA Chevron spokeswoman said this week the Angola LNG sponsors were finalising the work needed to reach a Final Investment Decision on the project: “We hope to be able to make that...

28 Sep 2007 00:00 | GLM

Gas

PEG: Activity slowly increasing after heavy maintenance in France

Activity in the French market picked up sporadically during the second half of September as the maintenance schedule lightened. The end of the two-week outage of the Britain to Belgium Interconnector...

28 Sep 2007 00:00 | EGM

LNG

Petronet focuses on Kochi contract, as Dabhol sale delayed

India’s Petronet LNG Ltd is shortly to award an engineering, procurement and construction (EPC) contract for the proposed Kochi terminal, south India. The company, which operates the Dahej terminal,...

28 Sep 2007 00:00 | GLM

LNG

Pluto rock art vandals raise questions over environmental nod for LNG plant

Vandals this week defaced prehistoric rock engravings on the northwest Australian site of the Pluto project being built by Woodside Petroleum, raising questions about how easily the project will be...

28 Sep 2007 00:00 | GLM

Emissions

RWE’s CO2 capture deal

RWE and chemical company BASF have signed a deal to develop a new CO2 capture process from gas fired plants, alongside engineering group Linde. “The cooperation will comprise the construction and...

28 Sep 2007 00:00 | EDCM

LNG

Sellers hope for new Asian demand and continued support for European prices

LNG spot traders are getting ready for a potentially active winter of diversions and trade. The Far East is still the highest priced market but Japanese demand has largely been covered now for...

28 Sep 2007 00:00 | GLM

Gas

TTF volatile but resists some of NBP spikes

The TTF prompt changed direction several times in the past ten days, with some sharp gains and falls sessions-on-session and strong intraday volatility. During the third week of September, Day-ahead...

28 Sep 2007 00:00 | EGM

LNG

Two Chinese import terminals approved on back on Australian supply deals

Reports on China’s state newswire, Xinhua, this week said PetroChina, which recently signed deals to take LNG from the Gorgon and Browse liquefaction proposals in Australia (see HLM 7th September),...

28 Sep 2007 00:00 | GLM

LNG

Woodside tries to win Californian support as other US plans progress

Woodside Natural Gas, an affiliate of Australia’s Woodside Petroleum, held a public meeting about the OceanWay import terminal proposal in Los Angeles on Wednesday. The meeting was the first of a...

28 Sep 2007 00:00 | GLM

LNG

Work continues on Nigeria’s OK LNG but no FID anytime soon

BG Group said this week that technical work on the Olokola LNG (OK LNG) project in western Nigeria was ongoing, although a Final Investment Decision (FID) has not been taken. Arshad Sufi, managing...

28 Sep 2007 00:00 | GLM

Gas

Zee: Belgian prompt volatile on North Sea supply issues; winter still bearish

NBP gains drove up the Belgian prompt on several occasions during the second half of September, on the back of supply issues in the North Sea. Demand on the Continent was underpinned by renewed...

28 Sep 2007 00:00 | EGM

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