Offtake

Project-Financed Floating LNG Terminal Advances

Units of Russia’s Gazprom and Pangea LNG B.V. have struck a tentative 20-year offtake agreement for the sale of liquefied natural gas (LNG) to be produced from a floating facility sourcing gas from the Tamar and Dalit fields offshore Israel. The terminal, if constructed, would be the world’s first project-financed floating LNG (FLNG) facility.

February 27, 2013

BG Commits to More U.S. LNG; Another Project Advances

A major liquefied natural gas (LNG) player last week increased its planned offtake from a proposed liquefaction facility in Louisiana while another recently won a local approval in Texas for a new liquefaction facility on the Gulf Coast.

January 30, 2012

FTC OKs Statoil’s Bid for Brigham Exploration

The Federal Trade Commission (FTC) has approved the proposal of Norway’s Statoil ASA, which already has significant holdings in the Marcellus and Eagle Ford shales, to acquire Austin, TX-based independent Brigham Exploration Co., which would give it access to the Williston Basin’s Bakken and Three Forks oily formations.

November 11, 2011

Analyst: Marcellus NGL Output Could Support New Pipeline Projects

Growing natural gas liquids (NGL) production from the Marcellus Shale could support one new pipeline project in the near term and possibly a second in about five years, according to Wells Fargo Securities senior analyst Michael Blum.

November 10, 2010

Ethane Offtake Challenges Marcellus Gas, Says Study

There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.

September 13, 2010

Ethane Offtake A Challenge for Marcellus Gas, Says Study

There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.

September 13, 2010