India’s government has announced that it plans to build 11 LNG import terminals over the next seven years as part of the nation’s plans to have natural gas contribute 15 percent of its energy mix by 2020.
India already has four LNG import terminals (Petronet’s Dahej and Kochi LNG terminals, Shell’s Hazira plant and the Dabhol terminal operated by Ratnagiri Gas and Power) and imports around 20 million tons of LNG a year, about 6.5 percent of its energy needs.
A Reuters news report states that Narendra Taneja, spokesman for the ruling Bharatiya Janata Party, said the plans would increase India’s LNG import capacity to more than 70 million tons per year. India would eventually require even more than 15 terminals to meet its demand, Taneja said, speaking at an industry conference in Bali, Indonesia.
India plans to electrify millions of households that currently use wood for fuel. It also plans to reduce reliance on coal and use the LNG to provide power for electric vehicles. India anticipates that all new cars sold will be electric by 2030. Taneja said the nation is looking to provide LNG for bunkering, including setting up a facility at Kochi port.
Source: India Wants Eleven More LNG Import Terminals
BEIJING (Reuters) — China’s imports of liquefied natural gas (LNG) hit a monthly record of 5.03 million tonnes in December, customs data showed, as purchases spiked to cover a surge in demand under Beijing’s push to replace coal with gas for households and factories.
Source: China’s drive to replace coal with gas pushes LNG imports to record high – The Japan News
For an industry that is just over 50 years old, liquefied natural gas (LNG) has matured rapidly and is now part of an upheaval in the global energy market. The liquefied natural gas trade has quadrupled over the last two decades and is set to double over the next two.
Source: LNG industry trends | Deloitte US
Golden Pass Products received a permit from the Federal Energy Regulatory Commission this week for its proposed $10 billion liquefied natural gas project from their Sabine Pass terminal.The company is authorized “to site, construct, and operate the proposed project located in Jefferson County, Texas,” as described in the application and “subject to the environmental conditions” in the order, which include wetlands mitigation, the authorization order said.The project would include three liquefaction trains, gas treatment facilities, a self-generation power plant and expansion of the company’s current pipeline system.Golden Pass said in a news release in July that the project “is expected to generate about 3,800 jobs” in the United States during 25 years of operations, with more than 200 permanent jobs at the Sabine Pass site, in addition to “thousands of direct and indirect jobs” during construction.Total capacity of the facility would be 15.6 million metric tons of LNG per year.
Source: Feds approve $10 billion Golden Pass LNG project – Beaumont Enterprise
Cheniere Energy’s Sabine Pass terminal in Louisiana has exported LNG cargoes to Kuwait, the U.A.E. and Jordan this year. Read more on this here:
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Houston-based Cheniere Energy Partners LP (NYSE MKT: CQP) was given the green light by U.S. regulators on Oct. 12 to begin stocking tankers with liquefied natural gas from a second plant at its Sabine Pass terminal, according to Bloomberg.The newly approved volumes of LNG could double the amount the U.S. sends abroad, Bloomberg reports.
Source: Cheniere Energy Partners LP approved to export more LNG from Sabine Pass terminal – Houston Business Journal
Cheniere Energy (LNG -0.2%) has started a four-week shutdown of its Sabine Pass LNG export terminal in Louisiana to repair gas flares that have not functioned properly, Argus Media reports.
The facility was scheduled to receive ~20.8M cf of gas yesterday after receiving the same amount the previous day, but the volumes are negligible compared with the average intake of 1.18B cf/day during the first half of September, indicating that production from trains 1-2 at Sabine Pass had stopped.
Sabine Pass could continue to export during the shutdown, as the five LNG storage tanks at the terminal have combined capacity equivalent to ~17B cf of gas, while a typical LNG cargo is equivalent to 3B-3.5B cf of gas, so four or five exports are possible during the shutdown if the tanks are relatively full.
Source: Cheniere’s Sabine Pass LNG starts four-week shutdown – Cheniere Energy, Inc (NYSEMKT:LNG)
A new report from Drewry Shipping expects the shipping market for liquefied natural gas (LNG) to strengthen in the next few years and warned that the number of vessels may be inadequate to deal with expected demand.In Drewry’s latest LNG Forecast and cited by LNG World Shipping on Thursday, analysts estimate some 125 million metric tons of new production capacity is currently under construction. The LNG market will likely grow and, thus, more vessels will need to be built to transport more supply around the world.“As a majority of the supply from plants under construction has been contracted on long-term agreements, it is likely that LNG will be traded, so requiring more vessels,” observed Shresth Sharma, lead LNG shipping analyst for Drewry.
Source: Long-term Outlook for LNG Shipping is Bright but Vessel Shortage Looms | OilPrice.com
Rosneft and Venezuelan PDVSA have signed an agreement on the basic terms of a joint venture for the extraction, preparation and monetization of gas fields of Patao, Mejillones and potentially of Rio Caribe.
Source: Russian Oil Giant Rosneft Plans to Build LNG Plant in Venezuela – CEO