The development team behind Ksi Lisims LNG in British Columbia (BC) has inked a long-term sales and purchase agreement (SPA) with Shell plc as the supermajor looks to grow its collection of western Canadian volumes for the Asian market. Ksi Lisims LNG Ltd., a co-venture between the Nisga’a Nation, Rockies LNG Ltd. and Houston-based Western…
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Singapore Plans for Second LNG Import Terminal to Secure Power Generation
Singapore’s plan for a second LNG terminal by the end of the decade is forecast to meet almost all of the country’s power generation, and it could help extend Singapore’s role as a key trading hub for the super-chilled fuel. Although peak utilization was only at 60% this year at Singapore’s Jurong import terminal, concerns…
NGI The Weekly Gas Market Report
Magnolia LNG Developer Mulling Buyout by Singapore Firm
Citing “intense” competition in the race to export liquefied natural gas (LNG) and an urgent need to secure liquidity, Australia-based LNG Ltd. (LNGL) is considering a takeover offer from a private Singapore-based firm that would include two proposed projects for the Gulf Coast and Canada.
2016 Was Banner Year For Global LNG Trade, IGU Says
Global trade in liquefied natural gas (LNG) last year reached a record 258 million tonnes — up 5% from 2015, according to the International Gas Union (IGU). However, the LNG industry is in need of contract standardization, according to one trading house, which has introduced a proposal for a standard contract.
Asia-Pacific Natural Gas Market Said Robust
The Asia-Pacific market for natural gas, and in particular, liquefied natural gas (LNG), is likely to stay robust for the long-term, two Singapore-based energy attorneys said last week. A shift also is seen in moving from conventional to more unconventional gas resources.
Asian Gas Market to Grow Stronger, Say Experts
The Asian market for liquefied natural gas (LNG) is likely to stay robust for the long term, two Singapore-based energy attorneys said Tuesday. They also predicted a shift from conventional to more unconventional gas resources in the region.
Asian Firms Reportedly Invest $1B in Sabine Pass LNG Project
China Investment Corp. (CIC) and the Government of Singapore Investment Corp. (GSI) have invested a combined $1 billion in Cheniere Energy Partners LP’s Sabine Pass liquefied natural gas (LNG) export project in Louisiana, according to published reports.