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Thursday, April 24, 2014

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News - LNG

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Indonesia to Allow PLN to Import LNG

Indonesian government has allowed state run electricity company Perusahaan Listrik Negara (PLN) to import LNG for the purpose of electricity generation, reports Antara News. Director of Upstream Oil and Gas, Ministry of Energy and Mineral Resources Hendra Fadly said import of LNG is needed as Indonesia...

Petronet to Lease Out Kochi LNG Storage

India's Petronet LNG has invited bids to lease a part of storage capacity of its Kochi LNG terminal for a period of two years in order to utilize the unused capacity, the company said in a notice. Kochi terminal has a capacity of 5 million ton-a-year. The terminal has two LNG storage tanks...

Novatek, CNPC May Sign LNG Deal in May

Russia oil and gas firm Novatek will most likely sign a deal in May with CNPC to supply LNG from Yamal, says ITAR-TASS, a Russian news agency. Company’s head Leonid Mikhelson told reporters on Friday that the document will contain exact pricing, reports ITAR-TASS. Mikhelson stated 70-75% of...

Santos Says LNG Projects on Track

Santos on Thursday announced higher first quarter production and sales revenue, and strong progress on major projects. Company’s Managing Director and Chief Executive Officer David Knox said that the first quarter of 2014 saw the company build momentum for strong project delivery in the year ahead.

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