Liquefied natural gas http://www.globalpost.com/taxonomy/term/36714/all en China's natural gas drive may cut oil demand by a tenth http://www.globalpost.com/dispatch/news/thomson-reuters/130228/chinas-natural-gas-drive-may-cut-oil-demand-tenth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Nearly 1.5 million natural gas vehicles on the road</p> <p>* Could replace equivalent of 840,000 bpd of oil by 2030</p> <p>* Part of plan to increase gas use nationwide</p> <p>By Chen Aizhu</p> <p>BEIJING, March 1 (Reuters) - China's drive to fuel more vehicles with cleaner-burning natural gas could reduce oil demand by nearly a tenth - equivalent to Turkey's total oil consumption - and may help ease its cities' toxic smog problem, too.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130228/chinas-natural-gas-drive-may-cut-oil-demand-tenth" target="_blank">read more</a></p> Energy Fuel gas Liquefied natural gas Technology Thomson Reuters Thu, 28 Feb 2013 21:31:18 +0000 Thomson Reuters 5770207 at http://www.globalpost.com Cape profit falls on poor performance in Australia http://www.globalpost.com/dispatch/news/thomson-reuters/130306/cape-profit-falls-poor-performance-australia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>March 6 (Reuters) - Cape Plc, a provider of painting and insulation services to miners and LNG producers, reported a 66 percent fall in full-year pretax profit, citing poor performances by its Australian business and slow progress at the Arzew gas project in Algeria.</p> <p>The company said adjusted profit before tax fell to 23.8 million pounds ($36 million) from 69.4 million pounds a year earlier.</p> <p>Adjusted revenue from continuing operations rose 7 percent to 749.4 million pounds, driven by construction projects in the Middle East.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130306/cape-profit-falls-poor-performance-australia" target="_blank">read more</a></p> Entertainment Liquefied natural gas Petroleum production Thomson Reuters Wed, 06 Mar 2013 08:00:04 +0000 Thomson Reuters 5774720 at http://www.globalpost.com Exclusive - Chinese firm puts millions into U.S. natural gas stations http://www.globalpost.com/dispatch/news/thomson-reuters/130314/exclusive-chinese-firm-puts-millions-us-natural-gas-stations <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Nichola Groom</p> <p>LOS ANGELES (Reuters) - ENN Group Co Ltd, one of China's largest private companies, is quietly rolling out plans to establish a network of natural gas fuelling stations for trucks along U.S. highways.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130314/exclusive-chinese-firm-puts-millions-us-natural-gas-stations" target="_blank">read more</a></p> Business Energy Fuel gas Labor Law Liquefied natural gas Social Issues Thomson Reuters Thu, 14 Mar 2013 07:30:16 +0000 Thomson Reuters 5783062 at http://www.globalpost.com British gas prices slump as Qatar, Trinidad imports eases reserves worry http://www.globalpost.com/dispatch/news/thomson-reuters/130322/britains-gas-price-soars-record-pipeline-closure <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - British wholesale gas prices fell by up to 20 percent on Monday, undermined by major gas shipments due from Qatar and Trinidad to help replenish stored gas reserves depleted by weeks of abnormally cold weather.</p> <p>The price of gas for weekend delivery fell about 20 percent to 84 pence per therm, while the day-ahead gas contract slumped to 93.50 pence, a drop of around 11 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130322/britains-gas-price-soars-record-pipeline-closure" target="_blank">read more</a></p> E.ON Energy Energy in Belgium Energy in Europe Eni Fuel gas Liquefied natural gas Natural gas Politics United Kingdom Thomson Reuters Fri, 22 Mar 2013 09:00:39 +0000 Thomson Reuters 5790757 at http://www.globalpost.com LNG aids UK gas supply as cold weather hits stocks http://www.globalpost.com/dispatch/news/thomson-reuters/130324/three-qatar-tankers-due-deliver-gas-uk-fri-ais <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Daniel Fineren</p> <p>DUBAI (Reuters) - Three big Qatari liquefied natural gas (LNG) tankers are set to deliver gas to snow-covered Britain this week, with another shipment from Trinidad due to arrive at the start of April, according to ship tracking data on Reuters received on Sunday.</p> <p>A late blast of winter weather has drained Britain's already modest gas stocks to around a tenth of their capacity, sparking fears of supply restrictions with the cold weather forecast to continue into early April.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130324/three-qatar-tankers-due-deliver-gas-uk-fri-ais" target="_blank">read more</a></p> Energy Fuel gas Liquefied natural gas Natural gas Social Issues Technology Thomson Reuters Sun, 24 Mar 2013 08:45:04 +0000 Thomson Reuters 5792341 at http://www.globalpost.com UK gas supply gets little LNG relief as cold bites stocks http://www.globalpost.com/dispatch/news/thomson-reuters/130324/uk-gas-supply-gets-little-lng-relief-cold-bites-stocks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Daniel Fineren</p> <p>DUBAI (Reuters) - Three big Qatari liquefied natural gas (LNG) deliveries should help replenish vital heating supplies for snow-covered Britain this week, but UK gas stocks remain uncomfortably tight with weeks of abnormally cold weather still to come.</p> <p>A late blast of winter weather has drained Britain's already modest gas stocks to around a tenth of their capacity, sparking fears of supply restrictions with the cold weather forecast to continue into early April.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130324/uk-gas-supply-gets-little-lng-relief-cold-bites-stocks" target="_blank">read more</a></p> Fuel gas Liquefied natural gas Natural gas Thomson Reuters Sun, 24 Mar 2013 18:15:24 +0000 Thomson Reuters 5792672 at http://www.globalpost.com UK gas stocks swell on LNG supplies from Qatar http://www.globalpost.com/dispatch/news/thomson-reuters/130331/uk-gas-stocks-swell-lng-supplies-qatar <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Daniel Fineren</p> <p>DUBAI (Reuters) - UK stocks of liquefied natural gas have swollen over the last week, data from National Grid shows, after three big Qatari deliveries helped replenish low heating fuel supplies during the coldest March in over half a century.</p> <p>Britain's relatively small gas stocks fell to just 2,594 gigawatt hours (about 225 million cubic metres) on Saturday, according to the latest data from National Grid, as prolonged cold weather kept heating demand well above seasonal norms.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130331/uk-gas-stocks-swell-lng-supplies-qatar" target="_blank">read more</a></p> Fuel gas Liquefied natural gas Natural gas Thomson Reuters Sun, 31 Mar 2013 12:00:07 +0000 Thomson Reuters 5798022 at http://www.globalpost.com Japan to start LNG futures contract http://www.globalpost.com/dispatch/news/afp/130402/japan-start-lng-futures-contract <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japan is preparing to create the world's first futures trading contract for liquefied natural gas in a bid to stabilise the commodity's price as demand soars, an industry ministry official said Tuesday.</p> <p>Resource-poor Japan and neighbouring South Korea are the world's two top buyers of LNG with East Asia accounting for about 60 percent of global demand, but the region also tends to pay higher prices with shipping costs expensive and rates varying from place to place. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130402/japan-start-lng-futures-contract" target="_blank">read more</a></p> Fuel gas Liquefied natural gas Natural gas AFP Tue, 02 Apr 2013 07:30:42 +0000 Agence France-Presse 5799037 at http://www.globalpost.com Exxon, BHP plan world's largest floating LNG plant off Australia http://www.globalpost.com/dispatch/news/thomson-reuters/130402/exxon-bhp-plan-worlds-largest-floating-lng-plant-australia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Rebekah Kebede</p> <p>PERTH (Reuters) - Exxon Mobil &lt;XOM.N&gt; and BHP Billiton &lt;BHP.AX&gt; are planning to build the world's largest floating liquefied natural gas (LNG) processing and export plant off the north-western shore of Australia, despite growing concerns about the cost competitiveness of the country's LNG projects.</p> <p>At around half a kilometre (0.3 miles) long, the vessel would be nearly as long as five football fields laid end-to-end and would be the largest floating facility in the world.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130402/exxon-bhp-plan-worlds-largest-floating-lng-plant-australia" target="_blank">read more</a></p> Energy Fuel gas Liquefied natural gas Technology Thomson Reuters Tue, 02 Apr 2013 11:30:05 +0000 Thomson Reuters 5799177 at http://www.globalpost.com Temasek Holdings sets up new unit to invest in LNG http://www.globalpost.com/dispatch/news/asianet/130409/temasek-holdings-sets-new-unit-invest-lng <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Singapore's sovereign wealth fund Temasek Holdings has set up a new investment unit that will focus on liquefied natural gas (LNG), a local newspaper reported on Saturday.</p><P>The new unit, named Pavilion Energy, will be a wholly-owned unit with an initial capital of 1 billion Singapore dollars (800 million U.S. dollars), local Chinese daily Lianhe Zaobao reported.</p><P>The company plans to be operational by September.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130409/temasek-holdings-sets-new-unit-invest-lng" target="_blank">read more</a></p> Liquefied natural gas Shin Corporation Temasek Holdings Temasek Holdings Asianet Tue, 09 Apr 2013 13:48:39 +0000 Asianet 5807166 at http://www.globalpost.com Once LNG terminal is constructed gas price will decline by 20-25 pct - Grybauskaite's advisor http://www.globalpost.com/dispatch/news/asianet/130410/once-lng-terminal-constructed-gas-price-will-decline-20-25-pct-grybausk <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Chief presidential advisor on economic and social policy issues Nerijus Udrenas says that once Lithuania constructs liquefied natural gas terminal (LNG) gas price may go down by a quarter or one fifth.</p><P>In an interview on the radio Ziniu Radijas, Tuesday, Udrenas noted that there was a lack of transparency in the gas market in our region. This allegedly was shown by the European Commission study on possible abuse of dominant position.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130410/once-lng-terminal-constructed-gas-price-will-decline-20-25-pct-grybausk" target="_blank">read more</a></p> Fuel gas Liquefied natural gas Natural gas Asianet Wed, 10 Apr 2013 16:46:37 +0000 Asianet 5809094 at http://www.globalpost.com Former PM’s directives shock Senate body http://www.globalpost.com/dispatch/news/asianet/130412/former-pm-s-directives-shock-senate-body <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> A shocking disclosure about the issuance of directives by former Prime Minister Raja Pervez Ashraf to initiate new gas development schemes worth Rs 48 billion for new towns and villages during his tenure surprised Senate Standing Committee on Petroleum and Natural Resources on Thursday.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130412/former-pm-s-directives-shock-senate-body" target="_blank">read more</a></p> Business Fuel gas Hospitality Labor Law Liquefied natural gas Natural gas Politics Technology Asianet Fri, 12 Apr 2013 14:50:06 +0000 Asianet 5813352 at http://www.globalpost.com Iran to export liquefied natural gas soon http://www.globalpost.com/dispatch/news/asianet/130415/iran-export-liquefied-natural-gas-soon <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Iran has achieved self-sufficiency in the production of liquefied natural gas and will export the product in the future, Press TV reported Sunday, quoting an Iranian deputy oil minister.</p><P>Alireza Zeighami said Iran has stopped importing 800 tons of liquefied natural gas, or LNG, from neighboring states every day, which it used to do, since it became self-sufficient in the product.</p><P>"Following the complete development...</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130415/iran-export-liquefied-natural-gas-soon" target="_blank">read more</a></p> Fuel gas Liquefied natural gas Petroleum production Technology Asianet Mon, 15 Apr 2013 20:03:35 +0000 Asianet 5816567 at http://www.globalpost.com Motegi calls for early approval of natural gas exports http://www.globalpost.com/dispatch/news/kyodo-news-international/130503/motegi-calls-early-approval-natural-gas-exports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Japanese trade minister Toshimitsu Motegi called for early approval for exports of liquefied natural gas to Japan in a meeting Friday with Acting Energy Secretary Daniel Poneman, saying securing a relatively cheap energy source is crucial for Japan.</p> <p> Poneman told Motegi that he fully recognizes that U.S. LNG exports are an urgent issue for Tokyo and said that the Energy Department will examine each project in line with U.S. law in a responsible manner, the trade minister told a press conference.</p> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/130503/motegi-calls-early-approval-natural-gas-exports" target="_blank">read more</a></p> Japan Liquefied natural gas Petroleum production Kyodo News International Sat, 04 May 2013 01:00:33 +0000 Kyodo News International 5830775 at http://www.globalpost.com Obama admin endorses Texas LNG export project; 2nd project to get Energy Dept. backing http://www.globalpost.com/dispatch/news/the-canadian-press/130517/energy-dept-endorses-texas-lng-export-project-2nd-project-ge <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WASHINGTON - The Energy Department on Friday conditionally approved a Texas company's proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of domestic natural gas.</p> <p>The action would allow Freeport LNG Expansion L.P. to export up to 1.4 billion cubic feet of liquefied natural gas per day from its terminal near Freeport, Texas, south of Houston. The DOE said granting such a permit for shipments to countries that do not have free trade agreements with the U.S. was in the public interest.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130517/energy-dept-endorses-texas-lng-export-project-2nd-project-ge" target="_blank">read more</a></p> Chemistry Disaster Fuel gas Liquefied natural gas Natural gas Social Issues Technology The Canadian Press Fri, 17 May 2013 18:03:10 +0000 The Canadian Press 5840428 at http://www.globalpost.com