Statoil Expected to Play Major Role in U.S. Natural Gas Market
Posted on Aug 25, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Statoil Expected to Play Major Role in U.S. Natural Gas Market
Noting that Statoil Natural Gas is expected to supply the U.S. with 10 bcm per year of natural gas starting in 2009, Rigzone reports that Statoil’s capacity at the Cove Point LNG terminal in Maryland has allowed the company to gain “important positions both within LNG production and on the market side” by positioning the company in “the most attractive part of...
Gazprom Forms U.S. Subsidiary to Market LNG
Posted on Aug 16, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Forms U.S. Subsidiary to Market LNG
Russia’s state-owned Gazprom has announced the creation of a Houston-based subsidiary, Gazprom Marketing and Trading USA; the subsidiary will oversee the development of LNG and natural gas initiatives in the United States, including plans to market supply from the Shtokman natural gas reserves. The Kommersant Daily reports on the development of the new company, and indicates...
Qatar May Cause ExxonMobil to Modify Approach to LNG
Posted on Aug 16, 2006 in Liquefaction, Markets and Competition | Comments Off on Qatar May Cause ExxonMobil to Modify Approach to LNG
World Gas Intelligence takes a closer look at the contrast between Qatar Petroleum’s desire for more flexibility with regard to LNG and ExxonMobil’s more conservative methodology. Despite ExxonMobil’s historically more structured approach in the petroleum markets, however, an industry analyst notes that “the network [for Qatari LNG] being created has the...
Bribery Investigation Will Not Impact Nigeria LNG Expansion Project
Posted on Aug 10, 2006 in Liquefaction | Comments Off on Bribery Investigation Will Not Impact Nigeria LNG Expansion Project
A probe into allegations that U.S.-based Kellogg Brown and Root paid $170 million in bribes to secure work contracts at the Nigeria LNG plant will not impact the proposed expansion project, according to yesterday’s Platts Oilgram News. Supply from NLNG, which could reach 17 millions tons per year, has been delivered to the U.S. in the past, but may face gas quality issues at some...
DOE Sec’y Bodman Criticizes Gazprom’s Failure to Select Shtokman Participants
Posted on Aug 7, 2006 in Liquefaction, Markets and Competition | Comments Off on DOE Sec’y Bodman Criticizes Gazprom’s Failure to Select Shtokman Participants
U.S. Department of Energy Secretary Samuel Bodman expressed disappointment in the Russian government’s delay in selecting participants for the development of the Shtokman gas reserve. “I stopped trying to forecast when Russia will sort this out,” Bodman said. “I think one or both companies (Chevron or ConocoPhillips) will be put on the final list, if they...
Total Confirms Qatari Supply Linked to Sabine Pass and Altamira Terminals
Posted on Aug 2, 2006 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Total Confirms Qatari Supply Linked to Sabine Pass and Altamira Terminals
World Gas Intelligence today reports that Total has confirmed agreements with Qatar Petroleum to deliver 1.2 or 1.9 million tons per year from the Qatargas-2 liquefaction project to the Sabine Pass LNG terminal in Louisiana. If only 1.2 million tons are sent to Sabine Pass, the remaining 700,000 tons would go to Mexico’s Altamira LNG terminal. Total is a capacity holder in both...