Tuesday, July 17, 2018

Osaka Gas News

Gorgon LNG Faces Scrutiny on Delayed Carbon Capture Project

(File photo: Chevron)

The state of Western Australia has ordered an inquiry into a delay in burying carbon dioxide emissions at Chevron Corp's Gorgon liquefied natural gas (LNG) project, which could lead to a change in conditions on the project.The state approved the $54-billion Gorgon project in 2009 on the…

Chevron and ENN Sign Gorgon LNG Agreement

The Asia Vision is one of Chevron's new liquefied natural gas (LNG) carriers constructed to support the company's growing LNG operations. (Photo: Business Wire)

Chevron Corporation announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas (LNG) to China from the Chevron-operated Gorgon natural gas project in Australia. When the deal is finalized…

Osaka Gas wins Taiwan LNG terminal consulting work

Japanese city gas supplier Osaka Gas says its subsidiary has won consulting work for liquefied natural gas (LNG) terminals planned by Taiwan's state-owned CPC Corp and Taiwan Power Co.The subsidiary, Osaka Gas Engineering, will handle basic design for all of the planned LNG terminals in Taiwan, Japan's second-biggest city gas supplier said in a statemen

Oversupplied Japanese LNG Players to Sell off Excess Volumes

© akiyoko / Adobe Stock

Asian spot LNG prices extended losses this week as oversupplied Japanese utilities sought to offload cargoes and as key European gas benchmarks softened. Asian prices for LNG delivery in March fell 25 cents to about $7.75 per million British thermal units (mmBtu), traders said, ranging from $8/mmBtu to about $7.60/mmBtu.

Chevron Starts LNG Production at Gorgon

Chevron has started producing liquefied natural gas (LNG) at the Gorgon Project off the northwest coast of Western Australia. The company is poised to be one of the world's largest LNG suppliers by 2020. (Photo Busines Wire)

Chevron Corporation (NYSE: CVX) today announced it has started producing liquefied natural gas (LNG) and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia. The first LNG cargo is expected to be shipped next week. "We expect legacy assets such…

Chevron Ships First LNG From Gorgon Project

LNG shipment Courtesy Chevron

Chevron Corporation (NYSE: CVX) today announced that its first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia. The cargo will be delivered to one of Chevron's foundation buyers, Chubu Electric Power, for delivery into Japan.

Osaka Gas to Expand LNG Trading

Japan's Osaka Gas Co said this week it plans to expand its liquefied natural gas (LNG) trading activity as it adjusts to a market that has shifted from being undersupplied to a glut within the last two years. The utility said as part of the trading expansion it would try to sell LNG it does not need when it sees short-term opportunities…

LNG Prices Retreat on Soft Demand

Asian spot prices for liquefied natural gas (LNG) extended their fall this week on slack demand, although production issues in Australia helped stem losses. LNG for May delivery in Asia traded at around $4.20 per million British thermal units (mmBtu), compared with $4.30 per mmBtu last week. LNG for June delivery was lower at around $4.00 per mmBtu.

Chevron Reports Outage at Gorgon LNG Plant

File Image (CREDIT: AdobeStock / (c) Pisotsckii)

Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month in order to replace a faulty device, a spokesman said on Monday. "Production on Gorgon Train 1 was stopped on May 12 due to a failure of a flow measurement device…

LNG Carrier for Osaka Gas Named LNG Mars

The LNG Venus, a sister ship to the LNG Mars

Mitsui O.S.K. Lines, Ltd. today announced that the naming ceremony for a newbuilding LNG carrier for Osaka Gas Co., Ltd. was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. The vessel was ordered by MOL and Osaka Gas International Transport, Inc., a wholly owned subsidiary of Osaka Gas, and built by Mitsubishi Heavy Industries.

Osaka Gas Vessel Named "LNG Venus'

(From left) 2nd MOL President Koichi Muto, 3rd Osaka Gas President Hiroshi Ozaki, 5th MHI Executive Vice President Yoichi Kujirai

Mitsui O.S.K. Lines, Ltd. President: Koichi Muto) today announced the naming ceremony of 'LNG Venus', a newbuilding liquefied natural gas (LNG) carrier held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. (MHI; President: Shunichi Miyanaga; Headquarters: Minato-ku, Tokyo).

Chevron: Gorgon LNG Export Plant Still Suspended After Leak

Production remains suspended at Chevron Corp's $54 billion liquefied natural gas (LNG) Gorgon export facility in Australia following a gas leak nearly two weeks ago, a company spokesman said. "Production at the Gorgon LNG plant site has been temporarily suspended while the company undertakes some minor repair and maintenance work…

Osaka Gas Plans Resales of 3 Mln T of LNG by 2020

Japan's Osaka Gas plans to raise its resales of liquefied natural gas (LNG) to third parties to 3 million tonnes a year by 2020, a top executive said on Wednesday, a move that would create more liquidity to Asia's emerging natural gas markets. Most Asian LNG is supplied under fixed term…

Eni Buys out Shell's Stake in Evans Shoal Gas Field

Photo: ENI

Italy's Eni announces the purchase of a 32.5% stake in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, around 300km northwest of Darwin, where there is an existing LNG plant precinct. The undeveloped Evans Shoal field…

Tokyo Gas Imports First Gorgon LNG Parcel

Japan's biggest city gas supplier, Tokyo Gas Co, said it has received its first liquefied natural gas (LNG) cargo from Chevron Corp's $54 billion Gorgon export facility in Australia. The "Energy Confidence" vessel carrying about 70,000 tonnes of LNG arrived on Saturday at the company's Ohgishima LNG Terminal in Yokohama…

Chevron, SK LNG Trading Ink Deal for LNG Supply

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Chevron Corporation today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017.

Chevron Greenlights Gorgon LNG Expansion

(File photo: Chevron)

Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday.Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and…

Freeport LNG Delays Start of Texas Export Terminal

(Photo: Freeport LNG)

Freeport LNG, a privately held U.S. liquefied natural gas company, said on Thursday it pushed back the projected start date for its $13 billion export terminal under construction in Texas by about nine months to around Sept. 1, 2019.Freeport LNG now expects the first liquefaction train to enter service around Sept.

Chevron, China Huadian Sign LNG Supply Deal

The Asia Energy is one of Chevron's new liquefied natural gas (LNG) carriers constructed to support the company's growing LNG operations. (Photo Business Wire

Chevron Corporation's wholly-owned subsidiary, Chevron U.S.A. Inc., has today signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. When the agreement is finalized, China Huadian Green Energy is expected to receive up…

Papua New Guinea LNG Mid-term Deals to be Finalized

© f9photos/ Adobe Stock

Papua New Guinea LNG mid-term deals to be finalized in H1 2018** Papua New Guinea's (PNG) liquefied natural gas (LNG) project aims to finalise supply agreements with shortlisted companies for up to 1.3 million tonnes per year of LNG in the first half of 2018, project partner Oil Search…

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