Gazprom Selects StatoilHydro as Second Partner in Shtokman Project Development
Posted on Oct 25, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Selects StatoilHydro as Second Partner in Shtokman Project Development
Russian gas company Gazprom announced this morning that it has selected Norwegian firm StatoilHydro to join French firm Total in co-owning the company developing and operating the Shtokman gas field. According to Bloomberg, StatoilHydro, which will own 24% of the operating company, previously had offered part of its capacity at Cove Point LNG in Maryland as part of the Shtokman...
Gazprom May Supply Rabaska LNG Project
Posted on Oct 24, 2007 in Canada & Mexico, Liquefaction, Regas Terminals & Capacity | Comments Off on Gazprom May Supply Rabaska LNG Project
Citing a Rabaska LNG project manager, Martin Imbleau, Reuters reports that Gazprom may join the project as an LNG supplier once investment levels are finalized for the Shtokman and Baltic LNG projects. Imbleau also suggested that Canadian destinations could be more attractive than American terminals for Gazprom because Canadian ports are closer to Russian liquefaction...
BP Trinidad Nears Launch of Mango Gas Field
Posted on Oct 23, 2007 in E&P, Liquefaction | Comments Off on BP Trinidad Nears Launch of Mango Gas Field
Platts LNG Daily reports that BP Trinidad is close to commencing operations of the Mango gas field off the coast of Trinidad and Tobago. Once all the associated pipeline infrastructure is completed, the field will produce gas for both domestic purposes and exports from the Atlantic LNG liquefaction plant. [Subscription...
Gulf LNG Energy in Supply Negotiations
Posted on Oct 22, 2007 in Liquefaction, Regas Terminals & Capacity | Comments Off on Gulf LNG Energy in Supply Negotiations
Gulf LNG Energy, developer of an LNG import terminal to be constructed near Pascagoula, Miss., is finalizing supply agreements and preparing to break ground. According to the Sun Herald (Miss.), Gulf LNG based its construction timeline on LNG supply negotiations, including dredging operations, which are expected to begin on approximately November 1. Gulf LNG COO John McCutchen told the...
High Gas Costs Could Stall LNG Project Proposed for Alaska
Posted on Oct 15, 2007 in Liquefaction, Markets and Competition, State and Local Issues | Comments Off on High Gas Costs Could Stall LNG Project Proposed for Alaska
Fairbanks Natural Gas, a firm that has proposed to transport LNG from Port MacKenzie, Alaska, to Fairbanks via tanker trucks, told the Alaska Journal that the current structure of pegging wellhead gas prices to oil prices, in addition to the state’s Petroleum Production Tax (PPT), would make the project economically unviable. The company is asking state officials to implement an...
Snohvit Opens Door to Oil and Gas Production in Arctic
Posted on Oct 9, 2007 in Liquefaction, Technology | Comments Off on Snohvit Opens Door to Oil and Gas Production in Arctic
The New York Times reports on the technological, financial, and environmental challenges overcome by StatoilHydro in developing its Snohvit LNG liquefaction project north of the Arctic Circle. “This is considered an unfriendly place, even by Norwegian standards,” said Odd A. Mosbergvik, a StatoilHydro senior manager. [Free registration...