PARIS -- Total announces that the first cargo of liquefied natural gas (LNG) from Yamal LNG is ready to leave Sabetta. This first shipment is a major milestone for Yamal LNG, one of the biggest liquefied natural gas projects in the world. Yamal LNG will produce reserves of 4.6 Bboe in Northern Russia. At full capacity, the three-train facility will supply 16.5 million tons of LNG per year to Asian and European markets.
"This first LNG cargo is a testament to the tremendous efforts of the project partners, contractors and all parties who managed to deliver Yamal LNG on time and on budget. Together we managed to build from scratch a world-class LNG project in extreme conditions to exploit the vast gas resources of the Yamal peninsula,” said Patrick Pouyanné, chairman and CEO of Total. “This giant project would not have been possible without the power of our partnership with Novatek and displays Total’s commitment to Russia. With remarkably low upstream costs, Yamal LNG is one of the world’s most competitive LNG projects and it will contribute to the Group’s gas production for many years."
GUATEMALA CITY and NEW YORK (Bloomberg) -- It seemed at the time like a somewhat random, and amazingly fortuitous, coincidence.
Just as the Panama Canal was unveiling a new, fatter set of locks, U.S. shale drillers were readying their very first exports of liquefied natural gas. While the wide-body tankers that transport LNG would’ve had no chance of squeaking through the original steel locks built a century ago, they could easily traverse the bigger channel and shave 11 days off the trip to primary markets in Asia.
SINGAPORE (Bloomberg) -- Shawn Reynolds is sticking to shale, with the $4-billion fund manager unshaken in his resolve that the U.S. industry’s stocks are due for a rebound after a lackluster 2017.
The veteran energy investor, whose main $2-billion fund holds about half its assets in energy and oil-services stocks, says American shale producers are now due to reap profits after years of overspending. The companies have more potential to grow compared with conventional explorers as they face fewer risks related to the extraction of resources, the fund manager at Van Eck Associates Corp. said.
Mining’s recovery in Australia has been forecast to accelerate into 2018 and beyond.
According to BIS Oxford Economics’ Mining in Australia 2017 to 2032 report, mining exploration, production and maintenance are all expected to lift significantly through 2018.
Lisbon, Portugal – Partnership talks with Filipino firm First Gen Corporation had been affirmed by Tokyo Gas Co. Ltd. on planned liquefied natural gas (LNG) investments in the Philippines.
In an interview here on the sidelines of the recently concluded World LNG Summit,
Tokyo Gas Executive Director Kunio Nohata said “we are talking with them (First Gen),” albeit he qualified that discussions had not been really exclusive with the Lopez firm.
The US yesterday said the American solutions in Doha’s energy sector make business sense as both the US and Qatar have a shared interest in developing liquefied natural gas’ (LNG) long-term sustainability.
“We have a shared interest in developing LNG’s long-term sustainability and we hope Qatar will intensify partnerships with the US companies in the country’s oil and gas expansion plans,” said the US Secretary of Energy Rick Perry, concluding his two-day visit to Qatar.