Trinidad Energy Official Calls FLNG an “Option” for Future LNG Exports
Posted on Mar 14, 2012 in Liquefaction, Technology | Comments Off on Trinidad Energy Official Calls FLNG an “Option” for Future LNG Exports
World Gas Intelligence reports that Selwyn Lashley, deputy permanent secretary for energy, said that floating LNG liquefaction could be an option worth exploring if significant natural gas quantities are discovered in deepwater offshore Trinidad & Tobago. [Subscription...
Trinidad & Tobago LNG Exports to United States Fall Below Henry Hub Price
Posted on Feb 28, 2012 in Liquefaction, Markets and Competition | Comments Off on Trinidad & Tobago LNG Exports to United States Fall Below Henry Hub Price
Trinidad Express reported today that prices of LNG exports from Trinidad and Tobago to the US have fallen below the Henry Hub price level, potentially affecting the country’s budget. However, Trinidad’s Energy Minister Kevin Ramnarine told the newspaper that impact of relatively low gas prices in the United States on Trinidad’s economy should be limited because...
NATS: Start-Up of Angola LNG Project Delayed to May
Posted on Feb 24, 2012 in Liquefaction, Regas Terminals & Capacity | Comments Off on NATS: Start-Up of Angola LNG Project Delayed to May
NATS [subscription required] reports that the start-up of the Angola LNG liquefaction project, a key supplier for the Gulf LNG regasification terminal in Mississippi, has been delayed to May...
Prison Sentences for Two Participants in Bonny Island LNG Bribery Scheme
Posted on Feb 24, 2012 in Liquefaction, Litigation | Comments Off on Prison Sentences for Two Participants in Bonny Island LNG Bribery Scheme
Albert Stanley, the former CEO of KBR, Inc., and Jeffrey Tesler were sentenced to 30 months and 21 months in prison, respectively, for violations of the Foreign Corrupt Practices Act. The bribery scheme directed more than $180 million in bribes to Nigerian government officials in order to participate in the Bonny Island LNG liquefaction project. Upstream Online provides additional...
Sempra Energy to Renegotiate Indonesian Supply Contract for Costa Azul LNG Terminal
Posted on Feb 16, 2012 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Energy to Renegotiate Indonesian Supply Contract for Costa Azul LNG Terminal
An official with BP told Bloomberg that Sempra has agreed to renegotiate its supply contract with the Tangguh LNG liquefaction facility in Indonesia, allowing for a greater percentage of the contracted LNG supply to be diverted from the Costa Azul LNG terminal to markets paying higher prices for natural...
Jamaican Industry Player Expresses Frustration Regarding Trinidad LNG Reserves
Posted on Feb 3, 2012 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaican Industry Player Expresses Frustration Regarding Trinidad LNG Reserves
A member of Jamaica’s business community told The Gleaner that he is frustrated with the mixed messages reportedly given by Trinidad & Tobago regarding the country’s LNG reserves, saying that “[o]ne day they have reserves and another day they are running out of reserves, [s]o you never know where you...