Posts in LNG
- The tar sands may be doomed. Two of the key arguments against exploiting it are gaining traction, and both may be enough to scupper investment. Yesterday I blogged about how the idea of a carbon-constrained world, which could fatally undermine tar sands extraction, was beginning to be debated in the mainstream press: the message being...
Continue reading 'IEA to Reduce Oil Demand Forecasts Again'.
- The outgoing CEO of oil giant Shell, Jeroen van der Veer, has warned of “oil spikes” in the years to come as investment in the oil industry fails to keep up with demand. “There are going to be six to nine billion people by 2050 and it means more energy use, especially in this part...
Continue reading 'Shell Warns of “Oil Spikes” as its Tar Sands Strategy is Criticised'.
- Of all the oil majors, Shell prides itself on undertaking cutting edge energy forecasting, that not only inform the group’s thinking but also dove-tail into policy making by decision makers across the energy spectrum. It is one of the few companies to get out its crystal-ball and try and predict what the energy future will...
Continue reading 'Shell: World’s Most Carbon Intensive Oil Company'.
- It could be the ultimate irony for millions of people who opposed the illegal war in Iraq – within months when they switch on their heating or their cooker, they could be burning Iraqi gas. Their homes could be heated by the spoils of war. Yesterday Shell signed a $4 billion gas deal – the...
Continue reading 'The spoils of war are coming home…'.
- A report by US watch-dog, the Government Accountability Office has concluded that the Coast Guard lacks the resources to adequately protect tankers carrying liquefied petroleum or crude oil from a possible terrorist attack. The report concluded that the Coast Guard is stretched too thin in some cases “to meet its own self-imposed security standards such...
Continue reading 'LNG Tankers Vulnerable to Terror Attack'.
- ExxonMobil and Oil Search, Papua New Guinea’s leading oil and gas producer, have ditched a $5.5bn plan to build a gas pipeline between PNG and Australia, saying they would focus instead on other more “promising investments” to tap into the vast gas reserves of the Pacific nation. The decision was anticipated as the project had...
Continue reading 'ExxonMobil Shelves $5.5bn PNG Pipeline'.
- None of the world’s biggest energy companies approved developments last year to increase production of liquefied natural gas, or LNG, according to an article in the International Herald Tribune. The main reason is the cost to build LNG plants has tripled in six years, according to Bechtel Group, the biggest U.S. contractor.
- PetroChina, the country’s largest oil company, has signed a 25-year agreement to buy three million tons of liquefied natural gas a year from Iran to supply terminals it plans to build on China‘s northern coast. Gas deliveries will start in 2011. The company is expanding gas production and sales as demand for cleaner-burning fuels increases...
Continue reading 'PetroChina to Buy Iranian LNG'.
- A quiet revolution is taking place in Louisiana, courtesy of company you have probably never heard of: Cheniere Energy. With help from Exxon Mobil and others, Cheniere are building three new liquefied natural gas terminals that will double America’s capacity to import natural gas by 2011.
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