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2016-10-14 18:40:00

AUSTRALIAN LNG: 25 MLN MT

AUSTRALIAN LNG: 25 MLN MT

 

AUSTRALIA'S LNG EXPORTS

NGW wrote, Bechtel concluded its six-year Curtis Island LNG program, with Australia Pacific LNG (APLNG) starting sustained production from the second train.

The company has now delivered all six LNG production trains to three customers – QGC, Santos GLNG, and APLNG – on Curtis Island, off the shore of Queensland, just north of the city of Gladstone. On October 10, Origin announced that APLNG has produced the maiden LNG cargo from the second of its two 4.5mn mt/yr production trains.

The three facilities have the combined capacity to supply 25mn mt/yr of LNG –equal to about 8% of the world's production, Bechtel said October 11.

"Completion of the unprecedented scale of engineering and construction work on Curtis Island in Australia is a historic achievement for Bechtel, the largest greenfield program we delivered since the company was founded in 1898," said Alasdair Cathcart, president of Bechtel's Oil, Gas and Chemicals business unit.

With all the three LNG project on Curtis Island now operational, exports from Gladstone Port have seen a sharp jump in recent months. In fact, fiscal 2015-2016 (July 1-June 30) was a bumper year of LNG exports. Gladstone Port Corporation on October 4 said Gladstone Port exported 12.2mn mt of LNG during the FY 2015-2016, compared with only 1.61mn mt during the year before. Gladstone Port Corporation's expectation that rising exports would continue in FY2016-2017 as well is expected to come true as early numbers have been encouraging. In August, exports topped 1.5mn mt for the first time. The trend continued in September as well with total LNG exports from Gladstone Port reaching 1.56mn mt.

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Earlier:

AUSTRALIA: 

AUSTRALIAN LOOSES 

AUSTRALIA'S OIL PROFIT DOWN 

AUSTRALIAN LNG UP TO 2% 

LNG: BIG AUSTRALIA 

AUSTRALIAN LNG UP

 

LNG: 

LNG FOR AFRICA 

MALAYSIAN - CANADIAN LNG: $27 BLN 

CHEVRON'S LNG FOR CHINA 

ASIAN LNG IMPORTS UP 

THAILAND'S LNG WILL UP 

VIETNAM & JAPAN LNG 

INVERTED LNG MARKET 

GOLAR & SCHLUMBERGER LNG

 

 

 

Tags: GAS, LNG, AUSTRALIA,

Chronicle:

AUSTRALIAN LNG: 25 MLN MT
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

AUSTRALIAN LNG: 25 MLN MT
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

AUSTRALIAN LNG: 25 MLN MT
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

AUSTRALIAN LNG: 25 MLN MT
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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