Gas Processing/LNG
LNG prices enjoying seasonal gains, but may be short-lived
While the LNG market is heading for structural oversupply next year, and for several years thereafter, there are several short-term factors that have been supporting prices, and should continue to do so for a little while.
Gastrade, BEH to cooperate for Alexandroupolis LNG
The Government of Bulgaria has decided to participate in the Alexandroupolis floating LNG terminal project in Northern Greece.
Norway strike could affect LNG plant, refinery
If wage talks fail, Statoil’s Melkoeya LNG plant and Shell’s Nyhamna gas plant could shut, while ExxonMobil’s Slagen refinery’s maintenance could be prolonged.
Ivory Coast signs agreement to establish Total-led LNG consortium
Ivory Coast signed a partnership pact to create a consortium headed by France's Total to build a LNG import terminal that could begin receiving gas shipments by mid-2018.
BP and Area 4 partners sign LNG SPA for Mozambique
BP and the Area 4 concession partners entered into a sales and purchase agreement for BP to purchase 100% of the LNG produced by the Coral South FLNG facility.
Canada unveils carbon price, energy-producing provinces unhappy
Canada's federal government vowed to bring in a minimum price on carbon emissions by 2018.
Shell to provide fuel for Carnival’s LNG-powered cruise ships
Carnival has signed a framework agreement with Shell Western LNG to be its supplier of marine LNG to power the world's first fully LNG-powered cruise ships.
Global Project Data
New project announcements have hovered in the low teens for several months.
Amec Foster Wheeler to consult on Ichthys LNG Project, Australia
Amec Foster Wheeler has been awarded a consultancy contract by INPEX, Japan’s largest oil & gas exploration and production company, for the Ichthys LNG Project in Australia.
Norway labor union threatens strike at refinery, gas plants
Workers at three onshore facilities serving Norway's oil and gas industry threaten to go on strike October 7, unless employers agree to a new wage deal.
- Aether Fuels and FlyORO sign MoU to explore integrated SAF supply-chain and blending solutions for Project Beacon and future Aether projects 5/12
- Hapag-Lloyd and Kuehne+Nagel to collaborate on lowering emissions in shipping via sustainable marine fuels 5/12
- Jordan commits $1 B to launch first green ammonia export hub in Aqaba 5/12
- Cognite introduces fully integrated, AI-native industrial experience 5/12
- Hengli Petrochemical's former Singapore unit to cease operations 5/12
- Mitsubishi Chemical to withdraw from polybutylene succinate business at PTT MCC Biochem 5/12
