Companies looking to turn Australian coalseam gas into LNG for export are facing increasing resistance from environmental groups. In this week’s Regulation & Environment column in Oilgram News, Christine Forster discusses how producers are pushing back.
Posts Tagged ‘LNG’
By News Desk | May 20, 2013 12:01 AM Comments (0)
By Christine Forster | May 2, 2013 06:16 AM Comments (1)
Of the three oil and gas majors understood to be vying for a share of US-listed junior InterOil’s Gulf LNG project in Papua New Guinea, Shell is being tipped by some industry insiders as the bidder most likely to succeed.
The PNG government approved InterOil’s plans to develop the 3.8 million mt/year Gulf LNG project in November last year but has required that the company bring in a partner with a track record operating similar projects. At the same time the government said state-owned resources company Petromin would take a 50% stake in the onshore Elk and Antelope gas fields that will feed the LNG project.
By Tamsin Carlisle | April 18, 2013 12:01 AM Comments (0)
Qatar’s LNG development policy has been a matter of considerable international consternation. Why invest tens of billions of dollars to become the world’s leading exporter of the fuel, and then jeopardize that dominant market position by indefinitely extending a moratorium on most upstream gas development?
Research and consulting company Wood Mackenzie thinks it has the answer to that conundrum.
By William Powell | April 9, 2013 06:21 PM Comments (0)
This winter has been a good one for Gazprom’s European export business. In a sense, it has been a good year almost every year lately, because its long-term gas is priced off oil, and oil has been above $100/barrel for long enough to make its gas absurdly expensive, especially when compared with coal.
But that has cost Gazprom good will. Its determination to extract the full contractual value, while the spot price has been stubbornly lower, has driven its customers into arbitration and into the arms of alternative, cheaper suppliers such as Norway’s export giant, Statoil. Its market share rose as Gazprom’s fell, as it took a more market-based approach to its pricing and moved more of its gas from oil and coal indexation on to hubs.
This year though the prolonged cold spell–culminating in the coldest March that the UK has seen for five decades – has tested the northwest European system to its limits. Spot prices have, as a result, hit six year highs for sustained lengths of time.
By Melanie Wold | April 3, 2013 12:01 AM Comments (1)
When T. Boone Pickens takes a notion to invest in something, he tries to make sure that everybody else takes the same notion. So, when he announced that he was putting his money behind LNG filling stations in the US for long-haul trucks, people took notice.
But rhetoric is just the beginning. There is a huge need for the actual infrastructure to support the idea, commonly known as the chicken-and-egg conundrum. If Pickens — and Canada and China and Europe — build LNG-filling stations, will they (trucks, ships) come? They should. After all, gas is cheap, clean and plentiful. But support from government and industry is essential to get the egg to grow into a chicken.
By Brian Scheid | April 2, 2013 04:53 PM Comments (1)
There are few, if any, looming decisions that could have a more profound impact on US energy policy than the Department of Energy’s ruling on liquefied natural gas exports.
The decision, which sources expect will be announced this summer, could alter US relations with Japan, diminish Gazprom’s share of the European market and cause a dramatic swing in US gas prices.
But for all the potential consequences and the growing number of theories over the outcome, relatively nothing is known about how the DOE will ultimately make its decision.
By Christine Forster | March 13, 2013 12:01 AM Comments (1)
Nearly two years ago I wrote a blog entry for The Barrel discussing the fact that the Australian coalseam gas industry had averted a public relations disaster, after coming “within a blink” of being shut down by angry farmers and graziers.
Now it seems the tables have turned yet again, with the industry coming under heavy fire from environmental lobby groups and facing government-imposed restrictions on its activities.
By Katharine Fraser and Samantha Santa Maria | March 7, 2013 05:04 PM Comments (2)
Last year, with US natural gas down in the $2/MMBtu dumps, no one wanted to talk about gas. No one.
Tight oil! Shale oil! Metallurgical coal exports! Steam coal exports! Solar! Anything but natural gas.
But these last few days — even on IHS CERAWeek’s day one “Oil Day” — the Houston industry conference was all about gas.
The irony: because gas is so cheap.
By News Desk | March 6, 2013 06:09 PM Comments (0)
Canadian natural resources minister Joe Oliver had some “relevant science and facts” about the Alberta oil sands for IHS CERAWeek attendees Wednesday.
“Unlike some oil-producing regions, Canada is a strong and stable democracy, with a free market that is respected, where the rule of law prevails and where there is a long-demonstrated commitment to environmental responsibility,” Oliver said. “The oil sands may be the most rigorously regulated and monitored industrial sector in the world. Regulations and monitoring are driving innovation. Innovation that has achieved a drop of 26% in greenhouse gas emissions per barrel between 1990 and 2010.”
“Facts and science speak for themselves,” he said, charging opponents of the proposed Keystone XL, which would bring oil sands crude to the US, of using “misrepresentation and hyperbole” in the public debate.
By News Desk | March 4, 2013 01:37 PM Comments (0)
The untapped oil and natural gas reservoirs of the Arctic, and specifically, the Barents Sea, are one of the next battlegrounds for companies seeking new reserves. In this week’s Oilgram News column, New Frontiers, John Roberts looks at that search, and a small company that is trying to be a leader in this effort.