By Sabina Zawadzki LONDON, Oct 2 (Reuters) - The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020. Royal Dutch Shell said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of … [Read more...]
Golar, Hoegh Give Stolt-Nielsen’s LNG Venture Investment Boost
LONDON, Oct 1 (Reuters) - Liquefied natural gas (LNG) shipping and terminal operators Golar and Hoegh said on Monday they would invest about $50 million into an LNG company set up last year by fellow Nordic firm Stolt-Nielsen. The investments aim to build Avenir LNG into an entity with small LNG vessels and terminals that are expected to be increasingly used in remote … [Read more...]
Shell’s LNG Canada `Sprints’ Ahead as Asian Partners Give OK
By Jasmine Wang, Stephen Stapczynski and Aibing Guo (Bloomberg) -- Two of Royal Dutch Shell Plc’s Asian partners in a liquefied natural gas venture in western Canada approved their share of the investment, pushing the multibillion-dollar development one step closer to a final approval. The board of PetroChina Co., the nation’s largest oil and gas company, approved its $3.46 … [Read more...]
Qatar Said to See $40 Billion Income Gain From Gas Expansion
By Mohammed Aly Sergie (Bloomberg) -- Qatar will generate $40 billion in additional export revenue once it completes its natural gas expansion project in 2024, according to a person with direct knowledge of the matter. Rising income from sales of liquefied natural gas will leave the government with a budget surplus of about $44 billion in 2024, with the bulk of the … [Read more...]
LNG Shipping Rates Spike with No Respite Seen Through 2019
By Sabina Zawadzki and Jessica Jaganathan LONDON/SINGAPORE, Sept 21 (Reuters) - The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply. The rate for vessels shipping LNG from the Atlantic Basin to Asia has jumped … [Read more...]