2019-05-08 11:10:00
NEW RUSSIA'S LNG INVESTMENT: $1,1 BLN
SEANEWS - The Government of the Russian Federation has approved the plan to develop the investment project aimed at building a LNG terminal in Murmansk Region.
The project envisages two floating LNG storage facilities, an auxiliary berth and shore-based infrastructure development. The project will cost 70.09 bn rubles by preliminary estimation and is to be completed in 2023.
Earlier, the Government approved of the plan envisaging increasing cargo transportation by the Northern Sea Route up to 80 mn tons annually by 2024.
Provided that all the LNG-related projects in the Arctic region proceed as planned, LNG and condensed gas transportation by the Northern Sea Route is to amount to 41.2 mn tons annually by 2024.
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Earlier:
2019, May, 2, 16:35:00
EUROPE'S GAS DIVERSIFICATION
The EU has long worked to diversify from relying on Russia for almost 40 percent of its gas needs by developing LNG infrastructure to access other suppliers. Qatar and Australia are other major LNG suppliers.
2019, April, 26, 11:20:00
GLOBAL LNG TRADE UP 8%
In 2018, global trade in liquefied natural gas (LNG) increased by 3.2 billion cubic feet per day (Bcf/d) to 41.3 Bcf/d, an 8% increase from 2017
2019, April, 26, 11:15:00
FLEXIBLE LNG MARKET
Global oversupply that has pulled spot LNG prices down by more than 50 percent over the past half-year has producers succumbing to consumer demands for fuel on shorter notice and without sourcing or destination restrictions.
2019, April, 26, 11:05:00
GLOBAL LNG INVESTMENT $200 BLN
World capital expenditure for both LNG plant and upstream infrastructure will total more than $200bn between 2019 and 2025.
2019, April, 26, 10:40:00
NOVATEK'S LNG UP
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its joint venture with Gazprombank Cryogas-Vysotsk has commenced full-scale production of liquefied natural gas (LNG). During the official ceremony at the port of Vysotsk, Russian President Vladimir Putin has formally started the Cryogas-Vysotsk LNG project.
2019, April, 12, 11:10:00
NOVATEK PRODUCTION +11%
In the first quarter 2019, NOVATEK’s hydrocarbon production totaled 147.1 million barrels of oil equivalent (boe), including 18.66 billion cubic meters (bcm) of natural gas and 2,987 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 14.6 million boe, or by 11.0% as compared with the first quarter 2018.
