• kenburns1
    News Archive
PGNiG not planning any LNG spot purchases in July 2016
According to Reuters, PGNiG has confirmed that it is not planning on purchasing any LNG spot cargoes in July 2016 through its new 3 billion zloty terminal in Swinoujscie, Poland....
http://www.lngindustry.com/ 23 Jun 16
Novatek and Nuovo Pignone enter strategic cooperation agreement
Novatek has entered a strategic cooperation agreement with Nuovo Pignone, covering the development of Russia’s oil and gas industry and Novatek’s LNG projects....
http://www.lngindustry.com/ 23 Jun 16
DOE releases US LNG export data
According to data from the US DOE’s Office of Fossil Energy, Sabine Pass exported a total of 21 508 223 million ft3 of LNG in the first four months of 2016....
http://www.lngindustry.com/ 23 Jun 16
Sabine Pass withdraws application to construct LNG truck loading facilities
Cheniere Energy has withdrawn its application to construct LNG truck loading facilities at the Sabine Pass LNG terminal....
http://www.lngindustry.com/ 23 Jun 16
Alaska LNG files second draft resource reports to FERC
As part of FERC’s pre-filing environmental process, the Alaska LNG project has filed second drafts of Resource Reports 1 (general project description) and 10 (alternatives)....
http://www.lngindustry.com/ 23 Jun 16
Tokyo Gas purchases 25% stake in Eagle Ford shale gas formation
According to Reuters, Tokyo Gas has purchased a 25% stake from VirTex Producing Co. in an Eagle Ford shale gas formation....
http://www.lngindustry.com/ 23 Jun 16
Gazprom discusses small scale LNG with Fluxys and Srbijagas
Gazprom and Fluxys have discussed the prospects for cooperation in the European small scale LNG market....
http://www.lngindustry.com/ 23 Jun 16
NYK to participate in LNG bunkering feasibility study
NYK is participating in a feasibility study for LNG bunkering in Yokohama, Japan....
http://www.lngindustry.com/ 23 Jun 16
DSME and Maran Gas Maritime ink agreement
DSME has signed new contracts with Maran Gas Maritime and Maran Tankers Management for the construction of two ME-GI powered LNG carriers and two VLCCs. ...
http://www.lngindustry.com/ 23 Jun 16
2016 is the year of cheap renewables, not oil
While much attention is devoted to the fall of oil prices, 2016 has seen a significant expansion in the development of renewable energies ...
http://globalriskinsights.com/ 20 Jun 16
The Baghdad-Erbil-Ankara Triangle
Baghdad faces challenges from the Kurdish autonomous region, as development of western oil reserves relies on good relations with Erbil, as well as Ankara. Few can deny the tremendous developmental...
http://globalriskinsights.com/ 19 Jun 16
Nile Dilemma Between Development and Water Security
Over the last few weeks, the waves of dispute have been disturbing the otherwise calm waters of the Nile river. Ethiopia, one of the source countries of the river, has...
http://globalriskinsights.com/ 19 Jun 16
Clean Energy Damages Europe’s Competitiveness
For years Europe has been at the forefront of the renewable energy revolution, promoting and establishing global rules in this sector. There are signs however that this trend might change....
http://globalriskinsights.com/ 19 Jun 16
Is PetroChina’s Lack of Performance Simply Bad Business?
PetroChina is one of the globe’s foremost producers of crude oil and China’s largest company. Following its establishment in 1999, the oil giant has experienced a number of ‘ups’, but...
http://globalriskinsights.com/ 19 Jun 16
Oman and BP finalise natural gas deal, signalling regional change
The Sultanate’s recent natural gas deal with BP signals greater economic and energy prowess for Oman, and a shift toward independent action rather than cooperation with other Gulf nations. Oman...
http://globalriskinsights.com/ 19 Jun 16
5 energy problems confronting India
India is the world’s fourth largest energy consumer. Its energy needs continue to increase, but national energy shortages and an inadequate energy infrastructure could perpetuate national energy pov...
http://globalriskinsights.com/ 19 Jun 16
Political risk alive and well in the global oil industry
Despite innovation in the US oil patch, the big stories in oil still lie outside the US—where hydraulic fracturing and innovation in drilling technology are unlikely to play a major...
http://globalriskinsights.com/ 19 Jun 16
New round of sanctions likely to affect Russia’s energy projects
Russia’s continued support for Ukrainian separatists and the downing of Malaysian Airlines Flight MH17 over Eastern Ukraine are likely to escalate the conflict. It will only prop up Western determi...
http://globalriskinsights.com/ 19 Jun 16
Caspian Summit may revive Iran’s oil industry
Three previous Caspian Sea summits have failed to produce a consensus on the legal status of the regions natural resources. However, the discovery of energy resources near the Iranian Caspian...
http://globalriskinsights.com/ 19 Jun 16
Will the political will for energy reform in Eastern Europe last?
Russia’s actions in Ukraine and strained political relations with the EU has put energy security high on the agenda. Recent moves by several of Eastern European states suggest that the political w...
http://globalriskinsights.com/ 19 Jun 16
Four challenges for Namibia’s PM Geingob
Flush from Prime Minister Hage Geingob’s recent electoral victory, Namibia’s governing SWAPO party must address four major economic and social challenges that will make or break its future. In No...
http://globalriskinsights.com/ 19 Jun 16
African energy producers face oil price pressure
While importing countries’ consumers are rejoicing at cheap oil prices, oil-producing countries in sub-Saharan Africa are facing severe fiscal downturns from the drastic shift in the global oil ma...
http://globalriskinsights.com/ 19 Jun 16
Norway still optimistic over Arctic oil
The drastic fall in oil prices has made petroleum explorations in the Barents Sea seemingly unprofitable. Yet, despite severe economic, technological and environmental concerns, the Norwegian governme...
http://globalriskinsights.com/ 19 Jun 16
Iraq ten years on: full of potential yet politically unstable
Ten years after the U.S invasion Iraq continues to soldier on. The country has significant potential, yet remains politically unstable. It has been ten years since the U.S. invasion of...
http://globalriskinsights.com/ 19 Jun 16
Iran’s return to oil markets puts additional pressure on oil prices
The end of sanctions is a lifesaver for Iran’s economy, but oil producers will have to bear the additional brunt as new barrels flood the already oil-saturated markets. After seven...
http://globalriskinsights.com/ 19 Jun 16
After mining dam collapse, new risks arise for Brazil
New economic and environmental implications are inevitable for Brazil after the recent mining dam collapse in Minas Gerais, which could devastate the environment in  upcoming years. On November 5, 20...
http://globalriskinsights.com/ 19 Jun 16
Risks of Climate Change in MENA
Climate change poses grave macroeconomic risks for nations and regional financial firms in MENA. Greater investment in sustainable infrastructure and awareness of climate issues will be imperative to ...
http://globalriskinsights.com/ 19 Jun 16
U.S. paving the way to global LNG markets
With its first liquefied natural gas (LNG) export terminal set to go into production in December 2015, the United States is joining the competitive race for control over global natural gas...
http://globalriskinsights.com/ 19 Jun 16
The China slowdown: Who loses in the Middle East?
Recent volatility in China’s stock market signals investors’ general skepticism about the economy’s prospects. However, Middle East oil exporters may stand to lose the most if the growth of Chin...
http://globalriskinsights.com/ 19 Jun 16
Uncertainty undermines opportunities for Iranian energy sector
The Iran nuclear deal opens up billions of dollars in investment opportunities in the country’s energy sector. But uncertainty remains about the stability of the deal, the end of sanctions,...
http://globalriskinsights.com/ 19 Jun 16
3 reasons why Saudi Arabia will keep oil prices low
Despite a tentative agreement struck last week to freeze oil production, Saudi Arabia is likely to keep oil prices low for the foreseeable future. Last week Saudi Arabia, Venezuela, Qatar,...
http://globalriskinsights.com/ 19 Jun 16
South America’s bi-oceanic railway
A recently signed tri-lateral agreement between China, Peru and Brazil set hopes for a bi-oceanic railway corridor. If feasible, the project would significantly reduce trade costs and shipping times...
http://globalriskinsights.com/ 19 Jun 16
South Sudan faces impending economic collapse
Oil production has been slashed and oil revenues hurt by falling prices, depriving the government in Juba of most of the money it desperately needs. The UN warns that South...
http://globalriskinsights.com/ 19 Jun 16
Limited prospects for EU to diversify natural gas imports
Russia will remain a major supplier of natural gas to the EU as projects to find alternative sources face headwinds from escalating costs and political meddling from Moscow. Whereas Europe...
http://globalriskinsights.com/ 19 Jun 16
Sale of the Saudi Aramco: 3 things you should know
Saudi Arabia plans to sell part of its state-owned oil company next year. GRI analyzes the IPO and what it means for investors and the Saudi economy. ...
http://globalriskinsights.com/ 19 Jun 16
Pricing risks in times of uncertainty
An interview with Cheong Jin Yu, Director - Oil, Gas & Power, Singapore Exchange....
http://www.lngindustry.com/ 18 Jun 16
Alam Maritim awarded marine spreads contract for PFLNG SATU
Alam Maritim (M) Sdn Bhd has been awarded a subcontract for work on Petronas’ floating LNG project – PFLNG SATU....
http://www.lngindustry.com/ 18 Jun 16
EIS submitted for Chilean FSRU
GNL Talcahuano SpA has successfully submitted the Environmental Impact Study for its offshore LNG import facility in Talchuano, Chile....
http://www.lngindustry.com/ 18 Jun 16
Greece and Bulgaria to develop proposal for Greek LNG terminal
According to Reuters, Greece’s Gastrade and Bulgaria’s BEH have established a task force in order to develop a proposal to construct an LNG terminal, which would be located offshore northern Greec...
http://www.lngindustry.com/ 18 Jun 16
Management changes at Flex LNG
Jostein Ueland and Trym Tveitnes have resigned from their positions as Chief Financial Officer and Chief Technical Officer at Flex LNG. ...
http://www.lngindustry.com/ 18 Jun 16
Gazprom and Shell to enhance collaboration in LNG sector
Alexey Miller and Ben van Beurden have signed a Memorandum of Understanding (MoU) on the Baltic LNG project....
http://www.lngindustry.com/ 18 Jun 16
Petrolia’s Bourque Project receives financing
Petrolia has announced financing for its Bourque Project by the Quebec government....
http://www.lngindustry.com/ 18 Jun 16
Freeport LNG donates to flood relief
Freeport LNG and CEO Michael Smith have contributed US$100 000 to Brazoria County for flood relief....
http://www.lngindustry.com/ 18 Jun 16
Klaipedos Nafta allocates regasification capacities
Klaipedos Nafta has allocated LNG regasification capacities to UAB Lietuvos duju tiekimas and UAB Litgas....
http://www.lngindustry.com/ 18 Jun 16
Power plant inaugurated in Senegal
The Cap des Biches power plant has been inaugurated in Senegal. ...
http://www.lngindustry.com/ 18 Jun 16
Shizuoka Gas signs SPA with Shell
Shizuoka Gas Co. Ltd has released a statement claiming that it has entered into an LNG sale and purchase agreement with Shell Eastern Trading (Pte.) Ltd for LNG reloaded at the Shimizu LNG terminal....
http://www.lngindustry.com/ 18 Jun 16
India in talks with South Korea and Japan regarding LNG purchasing alliance
According to Reuters, India has recommenced discussions with Japan and South Korea regarding an LNG purchasing alliance....
http://www.lngindustry.com/ 18 Jun 16
SeaRoad launches LNG-fuelled RoRo freight vessel
SeaRoad has announced that it has launched the Searoad Mersey II – an LNG-fuelled RoRo freight vessel for service in the Bass Strait between Tasmania and the Australian mainland....
http://www.lngindustry.com/ 18 Jun 16
DNV GL to provide classification services for new gas-ready ferries
DNV GL has released a statement claiming that it has signed a contract with Stena Line to provide classification services for the company’s new RoPax ferries....
http://www.lngindustry.com/ 18 Jun 16
Ferus Smit delivers second LNG-powered cement tanker
Ferus Smit has announced that it has delivered the second LNG-powered cement tanker to the JT Cement joint venture....
http://www.lngindustry.com/ 18 Jun 16

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