Share Name Share Symbol Market Type Share ISIN Share Description
Leisure & Gaming LSE:LNG London Ordinary Share GB00B071S784 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.00p 0.00p 0.00p - - - 0 06:32:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 21.9 1.6 1.0 5.2 4.72

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DateSubjectAuthorDiscuss
20/1/2018
13:39
Business Energy Oman signs pact with BP Singapore for selling LNG January 20, 2018 | 5:22 PM by ONA AddThis Sharing Buttons Share to FacebookShare to TwitterShare to PrintShare to EmailShare to More Times file picture [Oman signs pact with BP Singapore for selling LNG] Sharelines Oman signs pact with BP Singapore for selling LNG #Oman signs pact with #BPSingapore for selling LNG Muscat: Oman LNG and BP Singapore have signed a major sales and purchase agreement (SPA) for supplying liquefied natural gas (LNG) to the latter. The agreement, a free-on-board (FOB) contract starting from January 2018, will span over a period of seven years for lifting 1.1 million tonnes per annum (mtpa), which is equivalent to approximately 18 LNG cargoes a year. It will be an important boost to the global LNG market where Oman LNG currently contributes a significant amount. “The new agreement will not only unlock additional reserves but will also sustain our LNG business and expand our LNG business. Oman will continue to be a global preferred destination for sourcing clean energy,” said Mohammed Dr. Al Rumhy, Minister of Oil and Gas and the chairman of Oman LNG. “The revenues from this transaction will benefit Oman’s national economy and boost our gross domestic product and will also boost efforts towards In-Country Value (ICV) and Corporate Social Responsibility (CSR), all of which are significant drivers to the socio-economic fabric of the Sultanate.” The announcement was made by Harib Al Kitani, chief executive officer (CEO) of Oman LNG, and Jonathan Shepard, chief operating officer (COO) of BP LNG. The event was also attended by Al Rumhy as well as several top-level officials from the oil and gas industry in Oman. The LNG plant at Qalhat, in Sur, has the capacity to receive and process additional volumes as it has recently been operating with some spare capacity. “This agreement is a game changer for Oman and Oman LNG where it will provide benefits for the Sultanate through the export of new volumes of feed gas to customers in need of reliable, safe, clean energy. Another win is that the agreement will enable the plant to operate at full capacity and thus create more value and utilising the asset at maximum capacity. From the returns generated, Oman LNG can further invest in social projects and ICV opportunities enhancing the society of Oman at large,” said Al Kitani. “Our aim is to serve the community and contribute to all segments of the society through the exports of LNG.” “BP is pleased to expand its longstanding relationship with Oman LNG through the conclusion of this LNG sale and purchase agreement. Following the commencement of production from the Khazzan gas field, this development deepens BP’s commitment to Oman and strengthens our support for the Sultanate’s gas sector,” said Alan Haywood, chief executive officer of BP Integrated Supply and Trading. This agreement is strengthened by the reputation and credibility of Oman LNG as a reliable and trusted supplier, coupled with the effective management of all the business processes within Oman LNG, to produce clean energy, which is safely delivered to customers around the world. Oman’s liquefied natural gas industry was born out of the vision of His Majesty Sultan Qaboos bin Said to diversify the country’s economy and has attracted large revenue by harnessing natural gas resources for export as liquefied natural gas. The country produced its first shipment of liquefied natural gas in 2000 after the first of an initial two-train plant began operations under Oman LNG. With a third train under Qalhat LNG, liquefied natural gas has played an even greater role in contributing to the national economy as the two companies, that integrated in 2013 and now operate as Oman LNG, have worked intensely with outstanding success to drive their organisations forward. Oman LNG and BP have a well-established partnership dating back many years. A recent collaboration, in 2015, saw the two companies sign a multi-year partnership to support the professional training of Omani youths whereby the final term of BP’s Khazzan Technicians Training Programme is completed by a year of field experience provided by Oman LNG at their world-class plant in Qalhat. Through on-the-job training at the facilities within Oman, the programme supports nurturing the Omani youth locally while simultaneously contributing to in-country value, which is an additional benefit. Oman LNG operates as a joint venture with a shareholding structure comprising the Government of Oman (51 per cent), Shell Gas BV (30 per cent), Total SA (5.54 per cent), Korea LNG (5 per cent), Mitsubishi Corporation (2.77 per cent), Mitsui & Co. (2.77 per cent), Partex (Oman) Corporation (2 per cent), and Itochu (0.92 per cent).
grupo guitarlumber
17/1/2018
19:43
World’s first floating LNG storage and regasification barge completed Published by Will Owen, Editorial Assistant LNG Industry, Wednesday, 17 January 2018 16:26 Black & Veatch has delivered the regasification system for the world’s first barge-based FLNG regasification and storage unit. The company partnered with Wison Offshore & Marine Ltd. to provide engineering and procurement for the topside regasification unit. The barge-based floating storage and regasification unit (FSRU) was delivered in December from Wison’s shipyard in Nantong, China, for global oil and gas shipper Exmar. “This is the first FSRU barge to complete construction, and enables Exmar to meet rising global demand for flexible, mid-sized LNG import solutions,” said Bob Germinder, Senior Vice President and Managing Director of Floating Oil & Gas Solutions, Black & Veatch. Black & Veatch designed the topside units for the FSRU, including boil-off gas handling, LNG vapourisation and natural gas metering, procured all topside equipment and instruments and provided support during the construction phase. The FSRU contains 25 000 m3 of LNG storage and uses Shell & Tube vapourisers to provide a maximum sendout rate of 600 million ft3/d. Once the FSRU is mobilised, Black & Veatch will support Exmar to complete the final commissioning and start-up of the unit.
sarkasm
16/1/2018
16:50
European ports expect, encourage growth of LNG Tue 16 Jan 2018 by Jamey Bergman Print story Email us AddThis Sharing Buttons Share to LinkedInShare to TwitterShare to FacebookShare to Google+ European ports expect, encourage growth of LNG France's Dunkirk LNG terminal expects to increase its LNG volumes due to transshipments from Russia's Yamal LNG facility Two of Europe's largest ports are pushing forward with LNG initiatives and expecting to see growth in 2018. The port of Rotterdam, Europe's largest port and home to the Gate LNG terminal, has been courting LNG business for several years, and the port hopes to take advantage of recent growth and the expectation of continued growth in the sector that is linked to upcoming IMO sulphur emissions restrictions. In a statement, Dutch National Harbourmaster René de Vries said "We expect that by 2020, LNG bunkering will be a routine operation in the port of Rotterdam." The port's first LNG bunker vessel, Shell's Cardissa, began operations in 2017. The statement from Rotterdam's Port Authority said the port is prepared for an expedited transition from fuel oil to LNG in the shipping industry as a whole and has worked to prepare its systems and staff for the transition. "The Port Authority wants to encourage the transition from fuel oil to Liquefied Natural Gas (LNG) as a transport fuel for the shipping sector. The relevant legislation and regulations have been improved and updated to enable the smoother bunkering of LNG," the statement said. A similarly bullish outlook was reported by the French port of Dunkirk. "After several difficult years, liquid bulks are benefitting from the opening of the LNG terminal," a statement from the port said. The Dunkirk LNG Terminal, France's largest LNG facility, is also the largest terminal to come online in the last five years, according to the International Gas Union's 2017 world report. In its first year of operation, the port said the terminal recorded 866,000 tonnes of LNG. The port told Lloyd's List that it expects to increase that volume by threefold due to its planned transshipments of LNG from Russia's Yamal LNG project in 2018.
maywillow
16/1/2018
08:21
Shell Takes a Last Exit From Mideast Oil -- WSJ 16/01/2018 8:02am Dow Jones News Shell A (LSE:RDSA) Intraday Stock Chart Today : Tuesday 16 January 2018 Click Here for more Shell A Charts. Energy company leaves last Iraqi site but keeps a presence in natural-gas industry By Sarah Kent and Benoit Faucon This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (January 16, 2018). LONDON -- Royal Dutch Shell PLC is giving up on its last oil fields in Iraq, leaving the world's second-biggest oil company with a dwindling footprint in the Middle East -- a region it helped build into a petroleum powerhouse. Shell said Monday it is selling for an undisclosed amount a stake in the West Qurna 1 oil field in Iraq to Japan's Itochu Corp., the latest step in a gradual retreat from the region. The company is also expected to give up its holding in Iraq's Majnoon oil field later this year, though it will retain its natural-gas interests in the country. Shell's departure from Iraqi oil assets marks one of the final chapters in a slow pullback from the Middle East's vast fields of petroleum. Shell pumped as much as 450,000 barrels of oil in 2003 in the Middle East, and over the past 15 years had operations that produced thousands of barrels of oil daily across six countries in the region. Once it officially leaves Iraq later this year, Shell will have oil assets in Oman that produce about 220,000 barrels a day. Shell is keeping its considerable natural-gas interests in Middle Eastern countries, including Qatar, Oman, Egypt and Iraq, a strategy it has followed after its $50 billion deal to buy gas giant BG Group PLC in 2016. The deal also brought Shell big business in Brazil's offshore oil fields, where it has centered its oil-production strategy. "We have definitely not turned our back on the region, far from it," said Shell Chief Executive Ben van Beurden in November, referring to the Middle East. But he added that projects such as Majnoon "are increasingly less strategic in our portfolio." The move reflects the waning attraction of the Middle East's once-prized oil reserves, as companies find that the free flow of crude in the region often comes at a political or financial cost. U.S. oil giants Exxon Mobil Corp. and Chevron Corp. have ratcheted up their focus on shale interests on their home turf in recent years, though both retain interests in Iraq. In addition to the escalating security risks following the Arab Spring, oil contracts offered by Middle Eastern governments often don't have profitable terms, analysts say. Iraq has some of the toughest terms in the business. Foreign companies are paid fixed fees per barrel of oil pumped, terms that many in the industry say is low. "The terms are too tight for Shell," said Robin Mills, a former Shell executive involved in the Middle East who is now chief executive of Dubai-based Qamar Energy. For the British-Dutch oil giant, "it isn't worth the trouble." Shell declined to comment further on its footprint in the Middle East beyond confirming its exit from the West Qurna oil field. The company said it is still working to gain necessary approvals for the sale from the Iraqi government. Iraqi oil officials didn't respond to requests for comment. In the past year, Shell has had to contend with delays in Iraq including tardy government payments for pipelines and water-treatment facilities, according to Iraqi officials and contractors. Much of the Middle East's oil business is off limits to foreign companies, but a handful of countries including Iraq still offer the promise of barrels at relatively low prices. But the crash in oil prices over the last three years has helped lower the costs of production elsewhere in the world, including the U.S., where Shell has earmarked its shale interests as a catalyst for growth. Shell also has taken a number of steps in recent years that have reduced its presence in the region, passed on opportunities and been forced out by Western sanctions. Shell walked away from a bid to renew its rights to a massive oil concession in the United Arab Emirates -- a privilege that BP PLC and Total SA paid about $2 billion to keep but both Shell and Exxon didn't. The company stopped producing in both Syria and Iran after 2010 because of sanctions related to the Syrian civil war and Tehran's nuclear program, respectively. Shell has shown interest in returning to Iran, but it hasn't followed Total in signing a deal to invest in the country. The sanctions risk remains high, and Shell has struggled to find suitable, mainstream banks to enable its Iranian investments, people familiar with the matter say. Write to Sarah Kent at sarah.kent@wsj.com and Benoit Faucon at benoit.faucon@wsj.com (END) Dow Jones Newswires January 16, 2018 02:47 ET (07:47 GMT)
la forge
15/1/2018
18:39
Morocco Prepares $4.6B Gas Project Tender By Irina Slav - Jan 15, 2018, 12:00 PM CST Morocco Prepares $4.6B Gas Project Tender Morocco is preparing to launch a tender for a natural gas project worth US$4.6 billion, the country’s Energy Minister Aziz Rabbah said in a Bloomberg interview. The gas will be used for power generation, he added. The project will involve the construction of a gas processing plant, Rabbah also said, noting that the government has already selected the financial and technical consultants for the undertaking. Morocco has proved reserves of some 1.44 billion cubic meters of natural gas, according to the CIA World Factbook, with production at less than 100 million cu m as of 2015. There are hopes, however, that it could become an international player on the gas market. One UK company is so optimistic about Morocco’s natural gas production potential that it last year even started divesting from other locations to focus its attention on Morocco. Sound Energy said last October that it would focus exclusively on Morocco, where it has acreage with reserves estimated at 17 trillion cu ft of gas. The flagship field in the area is Tendrara, which is estimated to contain about 1 trillion cu ft of gas. Sound Energy’s partner in the Moroccan venture is Schlumberger. Morocco is also a potential client of U.S. liquefied natural gas. At the end of last year, media slammed EPA chief Scott Pruitt for traveling to the North African country to promote U.S. LNG. With no significant crude oil reserves, Morocco is ahead of many more developed countries in terms of renewable energy. It is home to what will be the world’s largest solar power installation once completed: the Noor plant in the Sahara Desert. The plant has two phases already in operation, with a third on the way. The combined capacity of Noor’s three phases will be north of 500 MW and the last one should be completed by the end of this year. By Irina Slav for Oilprice.com
waldron
15/1/2018
15:30
Total's average Q4 natural gas price realization at two-year high of $4.23/MMBtu London (Platts)--15 Jan 2018 930 am EST/1430 GMT France's Total reported Monday an average global realized gas price of $4.23/MMBtu in the fourth quarter of 2017, a two-year high, as cold weather in the US, Europe and northeast Asia in the latter part of the quarter triggered increased demand and higher wholesale prices. Gas prices boosted by cold weather, increased demand TTF averaged $6.60/MMBtu in Q4, NBP $6.84/MMBtu Q2, 2016 marked 14-year low point for French major Total's Q4 realized price was a 9% increase on the same quarter of 2016 and a 4% rise compared with the Q3, 2017 average price. The company's average realized price was last higher in the fourth quarter of 2015 when it was $4.45/MMBtu, before gas prices slumped to multi-year lows on slow demand and well supplied markets, especially in the US and Europe. The second quarter of 2016 still marks the 14-year low point for the French major's realized gas price at $3.43/MMBtu -- it was previously lower only in Q3, 2003 when the price dropped to just $3.04/MMBtu. Article continues below... Request a free trial of: European Gas Daily European Gas Daily European Gas Daily European Gas Daily is a flagship Platts publication that delivers crucial competitive intelligence across the entire European gas marketplace. It keeps you ahead of critical price changes and their effects on the industry -- to help you make informed market decisions. Request a free trial More Information Just under 40% of Total's gas production is concentrated in Europe and the Caspian region, which together accounted for 2.56 Bcf/d of the company's 6.43 Bcf/d output in Q3. Gas prices in Europe were up strongly in Q4 compared with Q3 on continued strong demand and some supply tightness. According to S&P Global Platts assessments, the average Dutch TTF day-ahead price in Q4 was $6.60/MMBtu and the equivalent UK NBP price was $6.84/MMBtu. That compares with $5.54/MMBtu on the TTF in Q3, while the equivalent UK NBP price was $5.41/MMBtu. Total is less exposed than some of its European peers to the low US gas prices, with production in the Americas making up just one sixth of its total gas output. Total's realized gas prices ($/MMBtu) Q4 2017 4.23 Q3 2017 4.05 Q2 2017 3.93 Q1 2017 4.10 Q4 2016 3.89 Q3 2016 3.45 Q2 2016 3.43 Q1 2016 3.46 Q4 2015 4.45 Q3 2015 4.47 Q2 2015 4.67 Q1 2015 5.38 Q4 2014 6.29 Q3 2014 6.40 Q2 2014 6.52 Q1 2014 7.06 --Stuart Elliott, stuart.elliott@spglobal.com --Edited by Jeremy Lovell, jeremy.lovell@spglobal.com
la forge
13/1/2018
21:19
MENU Five things that could blow Europe gas market rally off track January 13 2018 10:31 PM Business Eco./Bus. News RELATED STORIES FIVE FIVE Rate Text Size: A A A Bloomberg/London Natural gas use is on a tear in Europe, buoyed by a recovering economy and demand for cheaper and cleaner alternatives to coal. That’s poised to carry over in 2018, helping producers from Russia’s Gazprom to traders such as Trafigura Group and RWE AG. Here’s five questions market participants are asking to gauge whether the rally will continue: Is demand really back? Gas consumption in the European Union surged 14% in the three months through September, the seventh quarter of growth. That was against a backdrop of double-digit gains in the price of coal and carbon-emission permits last year, which made it more expensive for utilities to burn the dirtiest fossil fuel. “Slowly, the power sector is coming back for gas demand, and there’s potential for more of that this year,” said Rolf Schlausch, an analyst at Wingas GmbH in Kassel, Germany. Even so, hurdles to repeated strength in demand still remain, such as warmer weather, slowing economic growth and weaker coal and carbon prices. Consumption gains may be as low as 1 to 2% in 2018, according to estimates from Deutsche Bank AG and Sanford C. Bernstein Ltd. Will LNG imports start to increase? More liquefied natural gas probably will flow into Europe to replace lower production from fields within the region. But how much arrives depends on the thirst for energy in Asia - especially China - where the nation’s fight against smog has focused on substituting gas for coal. Asian nations have been willing to pay more for LNG than what deliveries to the UK can command. That premium is near its highest level since October 2014 because of China’s skyrocketing imports. Statoil ASA and Gazprom expect that dynamic to continue, suggesting little room for the sort of big rise in LNG imports that might ease prices. Still, the share of LNG of Europe’s gas market is expanding. It may take a 13% share this year, about the same as it was in 2012 before flows from pipelines won out, Bernstein forecasts show. A long-anticipated wave of LNG may begin to hit next year, when the securities firm expects the super-chilled fuel to have almost 16% of the market. Will Russia and Norway keep up their record shipments? Russia and Norway are Europe’s biggest suppliers and want to keep this year’s shipments near the banner levels of 2017. Gazprom and Statoil expect pipeline flows to remain robust, since most of the world’s new LNG volumes will go mainly to Asia. “New LNG project start ups will facilitate more LNG imports in Europe, but with domestic production going down, Russian exports will remain sustained,” said Massimo Di-Odoardo, an analyst at Wood Mackenzie Ltd “We will need to wait until 2019 before increased LNG imports will test Russian appetite to compete for market share in Europe.” What happens to Europe’s biggest gas field? Flows from the Groningen field in the Netherlands has fallen gradually in a bid to stop earthquakes triggered by extracting the fuel. While the current annual production cap of 21.6bn cubic meters remains, the Council of State, the nation’s highest administrative court, in November gave the government a year to come up with a new plan. More quakes could spur more drastic measures. On January 8, Groningen was hit by the region’s biggest tremor in more than five years. Two days later, field operator Nederlandse Aardolie Maatschappij BV, a venture between Royal Dutch Shell Plc and Exxon Mobil Corp, proposed a “substantial reduction” in output. The Dutch government must endorse the plan. Any decision will impact the outlook for the continent’s gas supply. How is the UK coping without Rough? Britain’s biggest storage facility, the Rough field, is approaching the end of its useful life. That leaves traders in the UK with one less option for stockpiling fuel in the summer to meet winter demand. To get around this, traders can export the fuel from Britain to storage sites in mainland Europe in the summer in hopes of bringing it back when the chilly season arrives. They can benefit from more volatile prices and the difference between the cost of the commodity in different seasons. There’s also smaller storage sites in Britain that are suddenly more able to generate business. Supplies from the Netherlands and Belgium through pipelines are already at a record high since the start of the year.
grupo guitarlumber
11/1/2018
17:43
Natural Gas Price Jumps on Record Storage Withdrawal By Paul Ausick January 11, 2018 11:25 am EST Print Email inShare The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 359 billion cubic feet for the week ending January 5. This is the largest one-week storage withdrawal on record. Analysts were expecting a storage withdrawal of around 318 billion cubic feet. The five-year average for the week is a withdrawal of 170 billion cubic feet, and last year’s storage withdrawal for the week totaled 136 billion cubic feet. Natural gas inventories fell by 206 billion cubic feet in the week ending December 29. Natural gas futures for February delivery traded up about 3.8% in advance of the EIA’s report, at around $3.02 per million BTUs, and moved up to around $3.04 shortly after the report was released. The frigid conditions of the past two weeks in the northeast are finally giving way to more moderate temperatures, until early next week when the heavily populated region is expected once again to see colder weather. Overall demand for the next week is forecast to be in the “high” range. Total U.S. stockpiles fell week over week to 13% below last year’s level and are now also 12% below the five-year average. The EIA reported that U.S. working stocks of natural gas totaled about 2.767 trillion cubic feet, around 382 billion cubic feet below the five-year average of 3.149 trillion cubic feet and 415 billion cubic feet below last year’s total for the same period. Working gas in storage totaled 3.182 trillion cubic feet for the same period a year ago. Here’s how share prices of the largest U.S. natural gas producers reacted to today’s report: Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded up about 1.1%, at $87.00 in a 52-week range of $76.05 to $87.41. Chesapeake Energy Corp. (NYSE: CHK) traded up about 3.6%, at $4.15 in a 52-week range of $3.41 to $7.29. EOG Resources Inc. (NYSE: EOG) traded up about 2.1% to $114.40. The 52-week range is $81.99 to $114.86, a new high posted this morning. In addition, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 4.1%, at $23.93 in a 52-week range of $20.40 to $35.00.
maywillow
07/1/2018
05:32
Alexander Bueso WebFG News 06 Jan, 2018 21:16 Commodities: Analysts eye downside risks for WTI, even as spot natural gas hits triple digits BP, oil, gas Commodities were unwanted at the end of the week, amid heavy selling in the energy and agricultural space, as analysts eye the downside risks for crude oil futures from current levels. In the former, the February 2018 natural gas futures contract on NYMEX came down noticeably, erasing 2.95% to trade at $2.80/MMBtu, even after spot prices in the northeastern US reportedly surpassed $100/MMBtu as a result of the ongoing winter blizzard conditions. That came alongside roughly one percentage point drops for similarly-dated heating oil and gasoline contracts on the same exchange. West Texas Intermediate also gave back some of its weekly gains, trading down by 0.92% to $61.44 a barrel after having hit a three-year high during the previous session. For the week, WTI was ahead by 1.7%. To take note of, CME reduced the margin requirement for trading WTI for prompt month delivery from $2,100 to $1,950. Commenting on the outlook for WTI, analysts at Barclays said: "Recent oil market strength has been driven by a multitude of factors including supply disruptions, heightened geopolitical risks, strong economic growth, and more recently, colder weather in the Northern Hemisphere and technical buying. These factors are a perfect storm of events that have pushed oil prices to multi-year highs. And there are still several tail risks, including a Venezuela crisis and renewed Iranian sanctions that could take prices higher. Yet we think risks for oil are skewed to the downside from here as fundamentals on the horizon suggest a reversal is in order." Among soft commodities, live cattle futures for next month delivery on the CME were the weakest segment of the market, falling by 2.45% to $1.1925/lb.. ICE-traded cotton futures were also walloped, losing 1.56% to $0.7801 a pound. Three-month copper futures also ended lower, as did most base metals, slipping from $7,199 per metric tonne to $7,121 by the end of trading. Tin was the exception in LME trade, risingfrom $19,925 per tonne to $19,975. Precious metals on the other hand did manage to hold onto recent gains, for the most part, with February 2018 COMEX gold up by 0.05% to $1,322.30/oz.. From a bird's eye view, the US dollar spot index managed a small bounce, adding 0.10% to 91.94, albeit amid a good dose of intra-day volatility, yet the Bloomberg commodity index dropped sharply, retreating 0.74% to 87.92.
la forge
05/1/2018
12:35
United States to host Largest Global Gas Conference, WGC 2018 By Oil and Gas Republic on Jan 5, 2018@ogrepublic Share Tweet Share Share 0 comments The 27th World Gas Conference (WGC 2018) The 27th World Gas Conference (WGC 2018) takes place in Washington DC from June 25-29, 2018 and is the first time in WGC’s 86 year history that it will be held in a country that is both the world’s largest gas consumer and gas producer. This is an exciting time for the US, which according to the IEA at the COP23 summit in November is “set to become the undisputed leader of oil and gas production worldwide”. In addition, the last Potential Gas Committee assessment released earlier this year reported a record future supply of natural gas in the US – the highest resource evaluation in the Committee’s 52 year history. WGC is truly a global event for the industry, with US Energy Secretary Rick Perry recently telling the American Gas Magazine; “The World Gas Conference, now in its 27th edition, is a wonderful opportunity for the United States to share our technological advancements and strategies for natural gas on a global platform. The conference allows us to collaborate with foreign leaders and experts in the industry to ensure energy security and reliability throughout the world.” Held under the patronage of the International Gas Union (IGU) and hosted by the American Gas Association (AGA), WGC 2018 receives exceptional industry support and is expected to draw more than 12,000 representatives from the entire natural gas value chain – the most definitive global gas industry gathering of influential leaders, policy-makers, buyers, sellers and experts to date. Under the theme “Fueling the Future” the event aims to solidify the pivotal role of natural gas as a critical source of energy that is clean, abundant, economical and sustainable. Over 45 global energy industry leaders are already confirmed as keynote speakers and these CEOs of international energy companies, global gas experts, distinguished energy officials, policy makers and government representatives from across the globe will present their views on the most timely and topical, technical, commercial and strategic issues and opportunities facing the natural gas industry. Delegates can look forward to Keynote Sessions including ‘The Biggest Challenges and Opportunities facing the Global Gas Industry’, ‘The Role of LNG in Shaping the Natural Gas Landscape’, ‘What next for the Asia Pacific Gas Market?’, The Future of Europe’s Energy Market’, ‘Access to Sustainable Energy in Developing Economies’, ‘The Role for Gas in an Integrated Americas’ and ‘Innovation to Drive the Energy Industry Forward’. There are over 100 conference sessions in total, with speakers representing the entire gas value chain. CEOs speaking on these panel sessions are from companies including Chevron, ExxonMobil, Qatargas, Gazprom, BP, Total, ConocoPhillips and Sonatrach, as well as Government Ministers from the Ministry of Petroleum & Natural Gas, India and the Ministry of Energy and Mineral Resources of the Republic of Indonesia to name a few. The conference program is shaping up to be the most comprehensive and diverse WGC program to date, with a strong emphasis on attracting participants from both in and outside of the traditional gas industry. For example, the financial community is represented by confirmed speakers from the InterAmerican Development Bank, Lazard International, the World Bank Group, International Finance Corporation, European Bank for Reconstruction and Development and Standard Bank of Africa, with others due to be announced shortly. For gas industry customer groups, such as those involved in fertilizers and chemicals, it will be an opportunity to hear from high level confirmed speakers from CF Industries, Potash Corporation, LyondellBasel and ExxonMobil Chemical. The WGC 2018 exhibition is also a huge draw for anyone involved in the gas industry, featuring 350 exhibitors from over 40 countries. Exhibiting companies cover the entire spectrum – Upstream, Midstream and Downstream – ranging from producers, through EPCs and contractors to specialist products and services. WGC 2018 has introduced the Sustainable Energy Pavilion where exhibitors include the Environmental Defense Fund and the Business Council for Sustainable Energy. Other specialist pavilions include the Natural Gas for Transportation Pavilion, the Showcase America Pavilion and the Technical and Innovation Center which will provide live demonstrations of the latest technology. For more information and to register as a delegate: www.wgc2018.com
waldron
03/1/2018
21:04
GTT Wins Order from Korean Shipyard logo By MarEx 01/03/2018 07:26:58 At the end of 2017, GTT received an order from a South Korean shipyard regarding the design of the LNG tanks of a new LNG carrier. Its delivery is scheduled for the first quarter of 2020. GTT will design the LNG tanks of the unit, allowing for a capacity of 174,000 m3. The insulation solution Mark III Flex has been chosen for its ability to reduce the daily guaranteed Boil-Off gas rate to 0.085 percent of tank volume. 48 vessels in service already benefit from this technology. The shipowner and shipyard's names are kept confidential at this stage.
grupo
02/1/2018
21:29
Gas Wars: The First Energy Conflict In 2018 By ZeroHedge - Jan 02, 2018, 3:00 PM CST Gas The eastern Mediterranean is expected to witness the first conflict of 2018, as developments at the end of 2017 are signaling worsening relationships between Turkey and the Greek Cypriot-Greece-Israel-Egypt bloc. Territorial disputes over natural gas and newly discovered hydrocarbon reserves in the eastern Mediterranean basin are the reason. Up until a few years ago, the hope was that these hydrocarbon reserves would offer a real opportunity for a peaceful settlement of the Cyprus conflict. But these optimistic hopes vanished with both Turks and Greek Cypriots unilaterally speeding up exploration and drilling operations. In 2004, the European Union had declared the Greek Cypriots the sole entity representing the island of Cyprus and accepted it as an EU member. Feeling that its hand has been strengthened following the EU decision, the Greek Cypriots claimed the right of natural resources exploration in the Exclusive Economic Zone (EEZ) around Cyprus. Turkey, however, has been insisting that the Greek Cypriot administration in Nicosia cannot unilaterally “adopt laws regarding the exploitation of natural resources on behalf of the entire island,” as it doesn’t represent the Turkish Cypriots. Also, there is a separate disputed EEZ between Turkey and Greece in the eastern Mediterranean — another point of tension in the conflict. Ankara reacted strongly to the Greek Cypriots' natural gas drilling efforts in July. The Turkish army dispatched a frigate in the eastern Mediterranean to "monitor a drilling ship that is believed to have begun searching for oil and gas off ethnically divided Cyprus despite Turkey's objections,” The Associated Press reported. On Nov. 20, Egyptian President Abdel Fattah al-Sisi visited Greek Cypriot for a trilateral meeting in Nicosia to discuss hydrocarbon resources in the region. In addition to Egypt’s president, Greek Prime Minister Alexis Tsipras also participated in the meeting, which was hosted by Greek Cypriot President Nicos Anastasiades. The Turkish Foreign Ministry, on the other hand, declared the outcome of the trilateral meeting to be “null and void." However, despite Turkey’s opposition, drillship Saipem 12000 sailed to carry out exploration and drilling operations on behalf of French TOTAL and Italian ENI companies in the Calypso region between March 1 and Dec. 26 in accordance with an agreement reached during the trilateral summit. Moreover, Italy, Greece, Greek Cypriot and Israel had already agreed on the construction of a gas pipeline from newly discovered fields. The project — dubbed “East-Med̶1; — will cost some $6 billion. An over 2,000-kilometer-long (1,243-mile-long) pipeline will channel offshore reserves in the Levantine basin to Greece and Italy. Related: U.S. Shale Can’t Offset Record-Low Oil Discoveries The East-Med project could be interpreted as an effort to form a regional alliance between Greek Cypriot and Greece to confront Turkey in the eastern Mediterranean. The Greek Cypriots and Greece also signed a separate agreement with Israel to channel natural gas reserves in the Mediterranean basin via an undersea pipeline. Italy’s participation in this project didn’t come as a surprise, as Italy has already been exploring natural gas in the Mediterranean on behalf of the Greeks. The undersea pipeline is expected to channel natural gas from Israel’s Leviathan Basin and Greece's 12th plot — also called Aphrodite — to Crete, and then to Europe via Greece. On Dec. 5, the energy ministers of Greece, Greek Cypriot and Israel and the Italian ambassador to Greek Cypriot signed an accord in Nicosia on the construction of the East-Med pipeline. The participation of EU representatives in the ceremony indicated Brussels’ support for the project. In 2017, the Greek Cypriots, Israel and Greece conducted three joint exercises in March, June and November. At the beginning of November 2017, Greece and Egypt held their first joint naval exercise for the first time in quite a while. In response, Ankara initiated its own moves and issued a navigational telex to reserve an area for military exercises. The area covers the disputed sixth, seventh, eighth and ninth blocs that the Greek Cypriots had declared as their EEZ. Ankara’s declaration came at a time when Saipem 12000 arrived in the Mediterranean. Also, the Turkish army has kept some of its forces in the eastern Mediterranean following NATO’s Standing Maritime Task Forceexercise, which was conducted Nov. 7-16. The Turkish navy’s TCG Gediz and TCG Barbaros frigates; the TCG Kalkan, TCG Mizrak, TCG Bora and TCG Meltem gunboats; the TCG Akar fuel tanker; and four underwater commando teams are still in the sixth bloc. In 2018, Turkey will have its first brand-new drilling vessel, the Deepsea Metro II. According to navigation data, the ship left Norway's Hoylandsbygda port some two weeks ago and is currently sailing west of Portugal. It is expected to arrive in Turkey on Dec. 31. The critical question now is whether the Turkish navy will be providing military escorts for the new drilling vessel. Related: U.S. Rig Count Falls Slightly As Canada’s Rig Count Tanks If the Deepsea Metro II is to be escorted by a Turkish navy fleet while sailing to the sixth bloc, then the affair is bound to heat up. In the meantime, the Nicosia administration also announced that drilling operations in its EEZ would begin Dec. 30 and that Saipem 12000 would join the operations as well. Now the question is whether Turkey’s Deepsea Metro II and Saipem 12000 and naval fleets escorting them will confront each other in the disputed sixth bloc. One should also consider domestic developments in relevant countries when trying to measure the extent of a possible crisis. A possible hydrocarbon crisis is an excellent domestic political issue that all governments can use to consolidate their nationalist support base. In sum — and in comparison to 2017 — one will witness more eventful scenes in the eastern Mediterranean in 2018. The only actor that could mediate between Ankara and Nicosia is not Washington but Moscow, the new shining star of the Middle East. By Zerohedge.com
maywillow
02/1/2018
21:28
US Shatters All-Time Record For Natural Gas Usage During Arctic Freeze Photo of Chris White Chris White Energy Reporter 4:14 PM 01/02/2018 Share 1 The U.S. broke a record Monday for most natural gas ever burned amid a prolonged winter freeze that as covered half of the country under a thick layer of snow. Americans used more gas during the most-recent cold snap than they did during the so-called polar vortex that covered the U.S.’ eastern half with arctic air in 2014, according to data from PointLogic Energy, an oil and gas firm that monitor gas usage. The country consumed more than 143 billion cubic feet of gas as temperatures dipped to all-time lows on New Year’s Day, the data show. Prices for natural gas skyrocketed to the highest level in a month — gas is not the only fossil fuel states are turning to for warmth this winter. Coal-fired power generation also jumped from around 20,000 megawatts on Christmas to more than 45,000 megawatts, according to a Dec. 29 report from Bloomberg. Demand for oil also jumped sixfold, Bloomberg reported. Access to gas, oil, and coal come as snowstorms and frigid temperatures continue to hit parts of the Northeast and the Midwest. Pennsylvania county was clobbered with 60 inches of snow in two days following Christmas day – the national guard was used to help keep the state’s roads clear and residents safe. Northern Erie County, Penn., accumulated over 60 inches of snow a day after Christmas, according to Cleveland’s National Weather Service (NWS), GoErie.com reports. Thirty-four inches of snow descended on Christmas Day, marking a single-day record snowfall in Erie.
maywillow
30/12/2017
08:47
Yamal LNG's First Cargo Sparks Diplomatic Row marg The Christophe de Margerie on sea trials (file image courtesy DSME) By MarEx 2017-12-29 20:54:46 On Thursday, Russia's embassy in London announced that the first shipment of LNG to depart Novatek's Yamal facility would help meet heating demand in Britain, which is in the midst of a deep cold spell. "Feeling cold? Help is on the way," the embassy wrote in a Twitter post. Kremlin-backed outlet RT reported that "London had to urgently turn to Russian gas . . . due to supply outages,” which it attributed to the shutdown of the Forties oil and gas pipeline. However, the Russian news was fake, UK government and industry sources said: Britain's National Grid is already well supplied, and the gas will only be on English soil temporarily while it awaits transshipment to a foreign buyer. Yamal's operator, Novatek, said earlier this month that it had sold the first cargo to Petronas LNG UK, a subsidiary of Malaysia's state oil firm. "It is nonsense. We are not worried about energy supplies and this is not the Russians riding over the hill to save us from shivering to death," an unnamed government source told the Daily Mail. The icebreaking LNG carrier Christophe de Margerie arrived at Thamesport on Thursday, departing Friday evening. She is presently en route to the port of Sabetta, Russia, where she will take on another load of cargo. Yamal's next two cargoes are destined for the Gate facility in Rotterdam and Engie's Montoir-de-Bretagne terminal in France. Traders predict that like the first cargo, the second and third will be reloaded and transshipped to Asian markets, where the gas will command a much higher price. Yamal LNG began commercial operation early this month, and Russian President Vladimir Putin personally gave the order to begin loading the first shipment on December 8. "This is not just an important event in our country’s energy sector, or gas production and liquefaction," Putin said in a keynote address. "Those who started this project took the risk, and the risk proved to be justified, and they achieved success."
maywillow
30/12/2017
08:44
Https://www.cnbc.com/2017/12/29/its-not-just-the-cold-weather--heres-what-else-could-make-natural-gas-a-buy-in-2018.html
maywillow
29/12/2017
12:27
Italian power, natural gas tariffs to rise 5% on January 1 Barcelona (Platts)--29 Dec 2017 704 am EST/1204 GMT Italy's power, gas and water regulator, Autorita per l'energia elettrica il gas e il sistema idrico, said Friday it will increase both regulated domestic gas and power tariffs 5% from January 1. * Power hike largest since Q2 2012 * Gas increase driven by seasonality, regional markets AEEGSI said the power bill for the typical consumer would rise 5.3% in the first quarter, while the typical gas bill will increase by 5.0%. The power tariff rise was the largest since a 10.4% increase for the second quarter of 2012 while the gas tariff increase was the highest since the fourth quarter of 2014, according to regulator data. AEEGSI said its reference price for first-quarter electricity would be Eur0.20626/kWh (25 cents/KWh), up from Eur0.19589/kWh in the fourth quarter, with 49% of the tariff related to the cost of procurement, 19% for distribution, metering and related, 20% for system costs (generally renewable incentives,) and 13% for taxes. The regulator said there were nine factors which had contributed to rising wholesale prices during the fourth quarter. Those included increased end-user demand, reduced imports of French power as a result of nuclear plant outages, low hydro caused by the driest year in 200 years, and higher regional wholesale gas prices. Domestic costs such as balancing, likely expenditure on interruptible contracts from next year -- the mechanism for which was still awaiting clearance from the EU -- and increased costs for essential plants also contributed to the tariff increase, AEEGSI said. For natural gas, AEEGSI said the reference price for the typical consumer would be Eur7,669 per cu m in the first quarter, up from Eur0.7305/cu m in the fourth quarter of 2017, with 41% of that corresponding to raw material costs, 38% taxes, 18% transport and metering and 3% for system costs. The quarter-on-quarter increase was largely due to seasonality, the regulator said, with increased regional demand and prices impacting the scenario for Italy. --Gianluca Baratti, newsdesk@spglobal.com --Edited by Dan Lalor, daniel.lalor@spglobal.com
la forge
29/12/2017
08:39
Gas has biggest rally since Oct. with arctic freeze By Bloomberg Dec. 28, 2017 at 11:30 p.m. 0 U.S. natural gas staged the biggest rally in two months as a frigid forecast signaled demand for the power-plant fuel may surge to new highs through the start of 2018. The eastern half of the country is locked in a deep freeze with the potential to generate the highest weather-driven gas demand for the last week of December and the first few days of January in data going back to the 1950s, according to MDA Weather Services. Chicago's low on New Year's Day will be minus 1 degree Fahrenheit, 11 below normal, according to AccuWeather. The cold wave that started this week has catapulted U.S. gas consumption to an all-time high for this time of year while simultaneously curtailing record production from shale deposits that had helped cap prices. The one-two punch jolted gas futures higher Thursday after the latest computer models showed the cold persisting for the next two weeks and deepening a supply deficit. "It's a crazy day," said John Borruso, director of natural gas trading at Con Edison Energy in Valhalla, New York. "They finally realize it's winter and that it gets cold in winter." Gas futures for February delivery rose 6.7 percent to $2.914 per million British thermal units on the New York Mercantile Exchange, the biggest percentage gain since Oct. 30.
waldron
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