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2015-01-03 21:35:00

BG STARTS LNG $20 BLN

BG STARTS LNG $20 BLN

BG Group has been loading the first cargo of LNG from its Queensland Curtis LNG (QCLNG) facility since Dec. 28, the company said in a statement.

The vessel being loaded is the Methane Rita Andrea. The second cargo of LNG from the facility will be loaded onto the Methane Mickie Harper, which is expected in Gladstone in the first week of January.

QCLNG is the world's first LNG project to be supplied by coal seam gas. The start of production from the plant's first LNG train is the result of more than four years of development and construction on Curtis Island.

The project will expand further with the start-up of the second train in the third quarter of 2015. At plateau production, expected during 2016, QCLNG will have an output of around 8 million tonnes of LNG a year.

Andrew Gould, BG's interim Executive Chairman, said, "The start-up of QCLNG is testament to the hard work, skill and dedication of all our employees, partners and customers including the thousands of individuals who have been involved in physically building the plant. The ongoing support from both the State Government of Queensland and the local councils of our upstream region and in Gladstone has also been pivotal in this development. We thank them all."

gasprocessingnews.com

Tags: BG, LNG, QCLNG
BG STARTS LNG $20 BLN September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

BG STARTS LNG $20 BLN September, 20, 09:00:00

GAS PRICES UP TO $3.146

BG STARTS LNG $20 BLN September, 20, 08:55:00

ЦЕНА URALS: $51,81591

BG STARTS LNG $20 BLN September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

BG STARTS LNG $20 BLN September, 20, 08:45:00

RENEWABLE'S FUTURE

BG STARTS LNG $20 BLN September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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BG STARTS LNG $20 BLN
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

BG STARTS LNG $20 BLN
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

BG STARTS LNG $20 BLN
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

BG STARTS LNG $20 BLN
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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