Sunday, February 16, 2020

Qatargas News

Shell, Qatargas Sign LNG Deal for Kuwait

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait, commencing this year.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said…

Qatargas Delivers 1st Cargo to Summit LNG

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the first Q-Flex cargo of the chilled fuel to the Summit LNG floating storage and regasification unit (FSRU) located offshore Bangladesh.The cargo…

QP Begins VLSFO Bunkering at Ras Laffan Port

Image: Qatar Petroleum

State-owned oil company Qatar Petroleum announced the commencement of Very Low Sulfur Fuel Oil (VLSFO) bunker supply operations at Ras Laffan Industrial City (RLIC) Port.The VLSFO marine fuel offering has been initiated in advance of the International Maritime…

Petrobangla Gets 1st Q-Flex LNG cargo from Qatargas

Pic: Qatargas

Qatargas made its first liquefied natural gas (LNG) cargo delivery (LNG) on a Q-Flex vessel to the Floating Storage and Regasification Unit (FSRU) named ‘Excellence’ and known as Moheshkali LNG Terminal (MLNG), located offshore Bangladesh.According to a press release from the Qatargas Operating Company…

QP Issues Tender for 4 Mega LNG Trains

Pic: Qatar Petroleum

The state owned oil and gas company Qatar Petroleum has issued Engineering, Procurement and Construction (EPC) tender for liquid products storage and loading facilities of the North Field Expansion (NFE) Project.The NFE Project involves the addition of four…

Qatargas Delivers First Q-Flex LNG Cargo

Pic: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the first LNG cargo onboard a Q-Flex vessel to Greece’s Revithoussa LNG terminal.Doha-based global energy operator said in a press release that…

LNG Project Sanctions Set Records in 2019

Graph: Rystad Energy

Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A total of 33 million tpa of liquefaction capacity and $29 billion of Capex has been sanctioned so far this year…

Chinese Buyers Leave US LNG

Graph: Rystad Energy

Chinese buyers have avoided US LNG projects even before the tariffs hiked to 25%, said a report by  Rystad Energy.Despite the Chinese tariffs, there is still appetite for US LNG from other countries. Since the first tariff of 10% was introduced on US LNG in September 2019…

Qatar Awards FEED Contract to McDermott

Image: Qatar Petroleum

Qatar Petroleum said it has awarded the front end engineering and design (FEED) contract for the North Field Expansion Project’s offshore pipelines and topsides facilities to McDermott Middle East Inc.The scope of work awarded includes engineering design for eight unmanned wellhead platform topsides…

10,000th LNG Loading by ​​Qatargas

Photo:?? Qatargas

The world's largest liquefied natural gas company Qatargas announced that Qatargas Ras Laffan Terminal Operations (RLTO) has safely loaded the 10,000th cargo shipment of non-LNG product in Ras Laffan Industrial City (RLIC).Since starting operations in 2006…

Natural Gas Consumption Up 10% in China

Image: CNPC

According to the preliminary estimate, the consumption of natural gas in China exceeded 27 million cubic meters in 2018, registering a YOY increase of more than 10%, said a report.The growing Chinese economy and stricter environmental protection policies drive the growth of natural gas consumption in China.

Occidental Agrees to Sell Anadarko Assets to Total

Image: Anadarko Petroleum

Texas-headquartered Occidental Petroleum has reached an agreement to sell Anadarko Petroleum's oil and gas assets in Africa to French oil major Total for $8.8 billion.The binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana…

Qatargas Delivered 500 Cargoes LNG to China in Ten Years

Photo: Qatargas Operating Company Limited

Qatargas Operating Company Limited (Qatargas) has recently highlighted its long-term relationship with China."Qatargas has reliably supplied Liquefied Natural Gas (LNG) to China for 10 years, having safely delivered more than 500 cargoes of LNG to date," Qatargas…

India's Ennore Terminal Gets Qatari LNG

Image: ???Qatargas

Qatargas, the world’s largest LNG producer, supplied a commissioning cargo for India’s Ennore LNG receiving terminal, near the southern Indian city of Chennai.The commissioning LNG cargo was delivered onboard the vessel ‘Golar Snow’ on 25th February 2019 by the Swiss commodity trader…

LNG Demand to Reach 600 MT in 2035

Image: Qatargas

The energy demand would continue to grow driven by emerging economies and the projected growth in global population, which will touch nine billion by 2040.LNG demand is expected to increase at an average four per cent annually to reach more than 600 million tonnes in 2035 versus 290 million tonnes in 2017…

Qatar’s LNG to Reach 110 MTPA

Image: Qatar Gas

Qatar plans to raise its liquefied natural gas (LNG) production to 110 million tonnes per year by 2023.A report in Mubasher cited Qatargas’ CEO saying that there are many LNG projects under execution but they still do not meet the rising demands.Qatargas, the largest LNG producer in the world…

PGNiG's LNG Imports Rises in 2018

Graphics: PGNiG

Polish energy firm PGNiG said that the share of gas imports from Russia in total import volume fell last year to less than 67%. The share of LNG imports, however, increased to over 20%.In 2018, PGNiG imported over 0.62 bcm less natural gas from Russia than in 2017 (down 6.4%). Imports from the East amounted to approx.

India's Petronet LNG says Talks to Invest in Qatar Have Slowed

India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had "slowed down," as the company had not been able to reach an agreement on pricing with the Middle Eastern nation."Qatar is still at a very preliminary stage.

Qatargas, PetroChina Sign 22-Years LNG Supply Deal

Photo: Qatargas

Qatargas, the world’s largest LNG producer,  has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum.Under the 22-year SPA…

Bangladesh Finalizes LNG Deal with Oman Trading International

© Anatoly Kolodey / Adobe Stock

Bangladesh has finalized a 10-year deal to import 1 million tonnes of liquefied natural gas (LNG) annually from Oman Trading International, two energy officials with direct knowledge of the matter told Reuters.The deal with Oman Trading is Bangladesh's second LNG import agreement after Qatari producer RasGas…