Tuesday, June 18, 2013
Displaying 81 - 90 of 592 articles
Gujarat State Petroleum Corp (GSPC) is planning to sell natural gas from its KG basin fields at imported LNG rate of $14.2 per mmBtu, Press Trust of India said in a news report. In a nearly month-long, elaborate market price discovery exercise, the company found hoards of buyers willing to...
Japan will likely launch world’s first LNG futures market by March 2015, Reuters said citing a statement by country’s trade minister. The country aims to establish a cash-settled LNG futures market at Tokyo Commodity Exchange to give importers, including power utilities and city-gas...
Chevron Corporation’s Australian subsidiaries have signed a long term sale and purchase agreement (SPA) with Chubu Electric Power Company for liquefied natural gas (LNG) from the Wheatstone Project in Western Australia. Under the agreements Chevron, together with Apache Energy and Kuwait Foreign...
Iran LNG Company (ILC) has filed a lawsuit with an international tribunal against the European Union (EU) for its ban on the company. Press TV quoted the company as saying that international court has demanded that the European bloc submit documents justifying the ban on the ILC. At the beginning...
The Queensland Government has approved Arrow Energy’s plan to construct a 580 km coal seam gas pipeline that will cost $1 billion to make. Minister for Environment and Heritage Protection Andrew Powell said the department had completed its assessment of the Environmental Impact Statement (EIS)...
Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding have agreed to form a joint venture handle the design and marketing of LNG carriers. The JV will come into effect from April 1, 2013. “Through establishment of the JV, the two companies aim to proactively prepare a structure capable of...
China Shipping Development Co.’s venture will order six liquefied natural gas tankers worth about $1.2 billion by June to tap the nation’s rising demand for cleaner fuel, Chairman Li Shaode was quoted by Bloomberg as saying. “We will expand LNG transportation business to make it become...
BG Group is expected to ink a 20 year LNG supply deal worth $20 billion with the Indian state of Gujarat, the Financial Times reported on Tuesday citing people with knowledge of the deal. In 2011, the British company entered an initial agreement with Gujarat State Petroleum Corporation, a state-owned...
Statoil and BG Group plan to build a $10 billion East African liquefied natural gas (LNG) terminal to supply the fuel to Asia, after the Norwegian company made a new find off the coast of Tanzania, Reuters reported. 'We have enough gas to move forward,' Statoil's head of exploration...
India’s Petroleum Minister Veerappa Moily has said that the Mangalore LNG terminal in New Mangalore Port is likely to be ready by 2018. Speaking at the MoU-signing ceremony for setting up the LNG re-gasification terminal in Mangalore on Monday, he said the consortium of ONGC, BPCL, Mitsui and...