Wednesday, April 24, 2019

Tag: LNG

Greece, Greek Cyprus, Israel look into East Med gas pipeline

Greece, Greek Cyprus and Israel said on Sept. 28 they would pursue ways of channeling east Mediterranean gas to Europe via a pipeline to Greece. With significant finds reported in the past decade, Israel and to a lesser extent Greek Cyprus are thought to be sitting on vast quantities of...

Israel to supply gas to Jordan in $10 billion deal

The Leviathan reservoir developers aim to complete construction and development of the field, and begin delivering gas to Jordan, in as little as three years, the Noble Energy statement said. Israel will be supplying critical quantities of natural gas to Jordan upon the development of the Leviathan reservoir as a...

It’s Not Just the Oil. The Middle East War and the Conquest of Natural...

Are the Wars in the Middle East and North Africa Really About Oil? The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The...

Russia Trumps USA Energy War in Mideast

In a fundamental sense the entirety of the five-year-long war over Syria, as well as the entire Arab Spring from Libya to Egypt to Iraq has been about control of hydrocarbon resources—oil and natural gas– and of potential hydrocarbon pipelines to the promising markets of the European Union. Dick...

Turkish Stream talks strengthen Russia’s positions in gas dialog with Europe

The statements by Moscow and Ankara on the possible restart of the Turkish Stream project have worried officials in the EU. The resumption of Russia-Turkey talks on building the Turkish Stream gas pipeline strengthens Moscow’s positions at negotiations with EU countries, including on Nord Stream-2, although the project of delivering...

US energy envoy: North Stream 2 could resurrect cold war divisions

The controversial North Stream 2 gas pipeline project has the potential to resurrect cold war divisions in Europe, US Energy Envoy Amos Hochstein said, before calling for greater competition with Russia’s Gazprom through increased LNG imports. Amos Hochstein is US Special Envoy for International Energy Affairs. He spoke to EurActiv...

The Role of Sanctions in U.S.-Russian Relations

Sanctions are a critical tool in persuading Russia to change its Ukraine policy. But the West’s overreliance on them risks undercutting their long-term effectiveness. Sanctions have been a central element of U.S. Russia policy following Moscow’s annexation of Crimea and the beginning of the undeclared war in eastern Ukraine. They...

The unknown German branch of Nord Stream 2 will make Germany the key gas...

Despite causing great controversy in the EU, plans to build the Nord Stream 2 gas pipeline are steadily being implemented, write Agata Loskot-Strachota and Konrad Poplawski of the Centre for Eastern Studies (OSW) in Poland. What is more, in May preparations were started for a German land leg of...

Troubled Russia Tries to Exploit Links to China

Putin to visit Beijing in bid to boost trade and ties as Russian economy struggles from Western sanctions. Russian President Vladimir Putin will try to bolster trade and economic ties when he visits China on Saturday to meet Chinese President Xi Jinping, as Russia’s economy struggles amid Western sanctions and...

US, Europe Enable Southern Gas Corridor

The first half of 2016 has proved vitally important to the success of the Southern Gas Corridor (SGC), both in terms of the project's physical implementation and also with regard to funding of several segments of the value chain by a number of the project partners, in particular the...

Eurasia: China and Russia is Where It’s Happening

In 1865 at the end of the US Civil War New York journalist Horace Greeley popularized the expression, “”Go West, young man, and grow up with the country.” Today, some 150 years later, as the colossal economy of the United States of America sinks into obsolescence, outsourcing, income depression,...

BP, Shell among bidders to run Qatar oil field

DOHA - Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are the field's current operator Maersk, as well as Total SA, Chevron Corp and ConocoPhillips, said...

The end of Pipeline Politics?

Pipelines are the most favoured, common way of gas transportation across the world. Physical limitations to alternative ways of trading, geographical proximity, and political and economic reasons account for this. In particular, gas can most efficiently be transported if compressed and injected into pipes, rather than converted into other states,...

India Acts East

Washington’s pivot to Asia gets all the attention, but India's pivot east will redefine regional politics. Washington’s Asia rebalance, first articulated by President Barack Obama in a 2011 speech to Australia’s parliament, has received ample attention. India’s envisioned pivot to Asia has garnered far less. Nonetheless, India’s planned pivot is freighted with significance for the country’s economic prospects,...

Iran’s Hollow Threats to Close the Strait of Hormuz

Tehran is again trying to use its hold over a key global choke point to pressure Washington and others. But it’s much easier said than done. This week, Iran has escalated a war of words over American access to the Persian Gulf and threatened to close the vital waterway to...

The Race Between U.S. And Australian LNG Just Started

Cheniere Energy reached a milestone on February 25, dispatching the first shipment of LNG from its facility at Sabine Pass, Louisiana. The LNG tanker Asia Vision departed the U.S., bound for Brazil. The fact that Petrobras would be the first to benefit from Cheniere’s operations speaks to the confused...

IGU: Global LNG industry gearing up for growth

International Gas Union’s 2016 World LNG Report released on Tuesday reveals the global liquefied natural gas industry is set to grow along with playing a key role in expanding access to natural gas in the world’s future energy mix. LNG trade in total reached 244.8 million tons in 2015, up 4.7 million tons...

Can Turkey break its Russian gas habit?

Scrambling to reduce its gas dependence on Russia, Turkey has moved to speed up the construction of the Trans-Anatolian Natural Gas Pipeline (TANAP), designed to carry Azeri gas to Europe via Turkey, and set up three new liquefied natural gas facilities. According to the Energy Market Regulatory Authority (EPDK), Russia provided...

Unlocking Greece’s Energy Potential

On March 22, an international conference held in Athens, Greece provided an array of insights on how domestic and global natural gas key players view the contemporary market and their views ahead. Natural Gas Europe's Greece Correspondent, Ioannis Michaletos, reports on the key views to come from the conference, "Energy market: unlocking...

EU Messes up in Balkan Gas Geopolitics

In their determination to bypass their dependency on Russian natural gas, the bureaucrats of Brussels have approved construction of a trans-Adriatic gas pipeline from Azerbaijan to Greece. It looks workable on paper. There’s only one problem. It isn’t. It’s the latest move in the self-defeating EU pipeline war with...

Oman Gas Projects Could Undermine U.S. LNG Market Ambitions

Two separate projects in the sultanate of Oman are about to turn the tiny Gulf country into an important international liquefied natural gas (LNG) player that the U.S. will have to contend with in its ambition to become the leader of this market. The first one is an agreement with...

Woodside Scraps $40 Billion LNG Project After Price Collapse

Woodside Petroleum Ltd. and partners including Royal Dutch Shell Plc and BP Plc scrapped plans to develop the $40 billion Browse liquefied natural gas project in Australia after the plunge in oil and gas prices. Australia’s second-largest oil and gas producer won’t go ahead with the floating LNG development after completing...

LNG Buyers Gaining Increasing Leverage over Sellers in Coming Years

The growing oversupply in LNG export capacity has weighed on prices for the key market in Asia, pushing spot prices down by about two-thirds in less than two years. Excess supplies will likely kill off an array of LNG export terminals that have not yet moved forward with final...

Serbia to be left without Russian gas shipped through Ukraine in 2019

Serbia will definitely be left without Russian gas shipped through Ukraine in 2019, "and will by then have to find a way to get gas.", B92.net reports. Director of Serbia's state-owned gas enterprise Srbijagas Dusan Bajatovic said this during Friday's regional Conference "Energy efficiency and perspectives", organized by Color Press...

China Joins India Seeking Better LNG Contracts for Buyers

China's biggest energy company joined India in seeking to renegotiate long-term liquefied natural gas supply contracts amid a global glut that’s driving spot prices to the lowest in more than five years. China National Petroleum Corp. is looking for opportunities to rework the pricing method on its LNG supply contract...

Politics, economics still stifle Eastern Mediterranean gas

Since 2009, international interest in the Eastern Mediterranean’s offshore oil and gas resources has followed a cycle from widespread excitement, to a stall in activity, to disappointment and back to excitement again. The Levant Basin has seen several discoveries that could have a big impact on domestic economies. However,...

Growth in domestic natural gas production leads to development of LNG export terminals

The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that has put the United States in a new position in worldwide energy trade. With the rapid growth of supply from...

China is spending nearly $1 trillion to rebuild the Silk Road

Two weeks ago, a 32-container train from Wuyi, China arrived in Tehran, Iran. You might think the arrival of cargo by rail would be no big deal, but in this case you’d be wrong. This was the first journey of its kind between the two cities, and it shortened...

America’s Natural Gas Exports Won’t Be Enough to Blunt Putin’s Energy Weapon

The United States is shipping gas overseas for the first time in decades, but private companies sell to the highest bidder — and not just to the countries Washington might want for geopolitical reasons. A massive tanker eased into its berth in Louisiana last week and began loading thousands of...

U.S. exports of LNG mark a turning point in the market

The first major U.S. LNG shipment for export launched this week right into an oversupplied global gas market. Experts say the market could stay soft for several years, but even so, this first shipment of U.S. gas, sold by Cheniere, marks what is a new role for the U.S. in...

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