Latest SEGAS LNG Stories
THE WOODLANDS, Texas, May 15, 2012 /PRNewswire/ -- Excelerate Energy® L.P. is moving forward with the development of the first floating liquefaction facility in the United States utilizing its Floating Liquefaction Storage Offloading vessel (FLSO(TM)) technology. The Lavaca Bay LNG project will be located in Port Lavaca, situated between Galveston and Corpus Christi on the Texas Gulf Coast, and will be designed to export liquefied natural gas (LNG) to markets worldwide by 2017....
Italian energy major Eni has signed a memorandum of understanding with PDVSA for the exploration and development of two areas offshore Venezuela. The two areas, Blanquilla Est and Tortuga, are located in the Caribbean Sea off the coast of northern Venezuela, approximately 130km north of Puerto La Cruz. The development of the two areas will be undertaken as an integrated business venture consisting of exploration, production, liquefaction and marketing activities linked to a new liquefied...
Chevron Australia, a subsidiary of Chevron, has announced first gas from the North West Shelf Venture's Train-5 onshore liquefied natural gas facility at the Karratha gas plant in Western Australia. The new $2.1 billion Train-5 production facility is now online and is expected to increase the joint venture's export capacity by up to 4.4 million tons of liquefied natural gas (LNG) annually to 16.3 million tons. The company said that the Train-5 expansion includes a fifth LNG processing...
Italian engineering company Saipem, which is owned by integrated energy major Eni, has been awarded an engineering, procurement and construction contract worth E2.8 billion for a single-train liquefied natural gas plant in Arzew, Algeria, by the state-run Algerian oil and gas company Sonatrach. Sonatrach has awarded Saipem-Snamprogetti, in a joint venture with Chiyoda, the lump sum turnkey contract for the new Arzew liquefied natural gas (LNG) train. The single-train gas liquefaction plant,...
All is not well in LNG-land. The many factors, such as the huge run-up in energy demand in the Developing World, that have pushed oil prices through the roof, are inevitably pushing up the price of natural gas too, and destabilizing the very capital-intensive liquefied-natural-gas industry. Huge new terminals on the Louisiana Gulf Coast stand idle and LNG tankers sit in port as markets in Europe and Asia siphon away natural gas. Countries such as Japan and Spain are willing to pay more...
MOSCOW. July 21 (Interfax) - Gazprom Marketing & Trading (GM&T), the British trader of Gazprom (RTS: GAZP), and Spanish Gas Natural SDG have signed a framework agreement on liquefied natural gas supplies, GM&T said on Monday. The agreement signed on July 2 spells out the terms and structure of LNG supplies under favorable market conditions. The company said that this was a good opportunity to broaden LNG trade with the launch of the Shtokman gas project in 2013-2014. The agreement also...
Cairo, Egypt / June 24, 2008 OCI Receives New Construction Awards for the Skikda LNG Project in Algeria Orascom Construction Industries ("OCI") confirmed that it has been awarded two construction contracts by Kellogg, Brown & Root International Inc. ("KBR") for the civil works and piling installation of the new LNG train in Skikda, Algeria being developed by Sonatrach. These contracts represent some of the first packages of the USUSD 3 billion Skikda LNG program in Algeria. Sonatrach is...
French energy major Total and the China National Offshore Oil Corporation have signed a memorandum of understanding to enhance wide-ranging co-operation in the areas of upstream, downstream and in the field of renewable energies. As a first concrete application of the MoU, Total Gas and Power (TGP) and China National Offshore Oil Corporation (CNOOC) have signed a heads of agreement (HOA) for the sale of liquefied natural gas (LNG) by Total to CNOOC. Under the terms of this agreement, up to...
