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Tag Archives: lng

Lithuania leads way in reducing Russia’s clout in energy

KLAIPEDA, Lithuania — Andrius Petraitis watches the flickering blue flame on his cooker and sighs with relief. This winter, he won’t have to worry about supplies of gas for heating or cooking. Since last year, a floating gas terminal called Independence has protected thousands of Lithuanians from the risk of sudden cutoffs in gas supplies from Russia, a regional heavyweight ...

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Alaska completes $65 million buyout of TransCanada in LNG project

The state on Tuesday completed the buyout of TransCanada’s interest in the Alaska LNG project, a $65 million expense that gives Alaska the same stake in the $55 billion effort as ExxonMobil, BP and ConocoPhillips. Gov. Bill Walker hailed the move as “historic,” calling the gas line project the best “get-well card” for a state facing a $3.5 billion deficit. ...

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India’s Petronet close to winning better gas terms from Qatar

MILAN/NEW DELHI – India’s biggest gas importer Petronet LNG is close to renegotiating a major deal with its Qatari supplier Rasgas, lowering the cost of gas shipments and avoiding a $1.5 billion penalty fee for lifting less gas than agreed, two sources said. The renegotiation is another sign of how falling oil prices and a global gas glut are bringing producing ...

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Australia watchdog clears Shell’s $70B bid for BG Group

MELBOURNE – Royal Dutch Shell cleared a major hurdle to its $70 billion takeover of BG Group on Thursday, winning a green light from Australia’s competition watchdog, which said the deal would not change the dynamics of the domestic market. The acquisition will make Shell the world’s top liquefied natural gas (LNG) trader, although it still needs approval from China ...

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U.S. and Russian gas exporters square up over Europe

MILAN/ BRUSSELS – The first export of U.S. gas to Europe will head for Lithuania, two industry sources say, a gesture to the Baltic states, reliant on Russia for supply, and the likely first shot in a price war over market share in Moscow’s backyard. The February delivery will be of U.S. liquefied natural gas (LNG) transported by sea to ...

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In response to customers, Crowley takes step to import Canadian LNG to Alaska

A shipping company that has long delivered freight and diesel fuel to rural Alaska is positioning itself to import Canadian liquefied natural gas to Alaska, following what it says is interest in the fuel from several Alaska companies. A Crowley official would not name those companies or say where the Canadian LNG would come from. The Jacksonville, Florida-based Crowley said ...

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Shell says it can make BG deal work despite weak oil price

LONDON – Royal Dutch Shell sought to ease investor concerns over its planned $70 billion takeover of BG Group, announcing plans for further benefits and cost cuts aimed at making the deal work with an oil price in the mid-$60s a barrel. The Anglo-Dutch group, which hopes to complete the deal early next year, said it now expected synergies to ...

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Cove Point terminal on schedule to help relieve gas glut

Oil Exports

Shale gas producers squeezed by prices that hit new three-year lows this week can look to the sky above Lusby, Md., for a sign of coming relief. Dominion soon expects to have 50 cranes working there on its Cove Point liquefied natural gas export terminal, the company’s senior policy adviser for federal affairs, Bruce McKay, told industry leaders Wednesday in ...

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Coming LNG wave more likely to head to Europe than China: Russell

LAUNCESTON — What’s well known is that a wave of new liquefied natural gas (LNG) is about to swamp already well-supplied markets, what’s less known is how exactly these new cargoes will be absorbed. The consensus assumption has always been that China would soak up vast quantities of the super-chilled fuel, driven by rising energy demand and the need to ...

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Kyoto advances nuclear-free agenda with Alaska LNG pact

KYOTO — The Kyoto Prefectural Government signed an agreement with Alaska last month to explore the possibility of importing liquid natural gas from the state to Maizuru, a port city on the Sea of Japan. While daunting financial and bureaucratic challenges mean it will still be a while before Alaskan LNG flows to Kyoto, the agreement represents a step forward ...

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