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2016-08-31 18:40:00

MALAYSIAN - INDONESIAN LNG

MALAYSIAN - INDONESIAN LNG

NGW wrote, Malaysian offshore support vessels fabricator Coastal Contracts sees robust growth in Indonesia's LNG regasification and storage services market and is optimistic about its entry into that fast growing sector, the company said August 29.

On July 30, Coastal Contracts announced its entry into the Indonesian LNG supply chain with the signing of a MoU to buy a 49% stake in Jaya Samudra Karunia Gas (JSK Gas) for ringgit 27mn ($6.6mn). JSK's key business segments include dry bulk shipping, transshipment, gas, mining and valves manufacturing.

In recent years, given the huge potential in Indonesia LNG market, JSK has ventured into the LNG supply chain. Recently, it was awarded the LNG re-gasification and storage contracts to support a gas-fired power plant in Bali, Indonesia. Following the successful completion of the deal, Coastal Contracts would have joint control over JSK Gas's operating subsidiaries and assets. JSK Gas, through its 99% owned subsidiary Benoa Gas Terminal (BGT), would be engaged in the operations and transfer of a floating LNG regasification unit over a five-year contract period.

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Earlier:

MALAYSIA: 

SOUTHEAST ENERGY WAR 

MALAYSIA: THE SECOND-LARGEST OF LNG 

SHELL OPENS MALAYSIA 

EXXON SELLS MALAYSIA

 

INDONESIA: 

IRAN & INDONESIA AGREEMENT 

INDONESIA STARTS OUTPUT 

INDONESIA & BP: 10,000 JOBS 

INDONESIA HAS CLAIMS 

WBG WANTS INDONESIA

 

LNG: 

THE LARGEST LNG IMPORTERS 

GLOBAL LNG UP 2.5% 

LNG PROJECTS DOWN 

LNG MARKET: TRENDS AND OUTLOOK

 

 

 

 

Tags: MALAYSIA, INDONESIA, LNG

Chronicle:

MALAYSIAN - INDONESIAN LNG
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

MALAYSIAN - INDONESIAN LNG
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

MALAYSIAN - INDONESIAN LNG
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

MALAYSIAN - INDONESIAN LNG
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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