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Subject to an environmental review and final regulatory approval, the Texas facility is authorized to export to non-FTA countries at a rate of up to 1.4 Bcfd for the next 20 years.
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The gas supply problem is expected to be alleviated with the Los Ramones project, a pipeline that will carry gas from southern Texas to the central Mexican state of Guanajuato, which is a hub for the Mexican auto industry. Pemex plans to release bidding rules next week for the longest part of the pipeline.
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The company is seeking to lure investors back. In recent months, BG Group has fallen out of favor with investors and analysts following a write down on the value of its US natural gas assets, big cost overruns at a key LNG project in Australia and downgrades to its production forecasts.
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PetroChina withdrew a bid for an Australian coal bed methane gas producer, but will continue to invest in other Australia projects because of their commercial value and importance for energy security.
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Under the existing contract, Indonesia can renegotiate the price when oil prices shoot up. The price of oil strongly correlates with the price of natural gas and LNG. The current contract, signed in 2006, uses a formula which assumes an oil price cap of $38/bbl, resulting in a selling price of $3.45/MMBtu.
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This arrangement establishes a commercial framework to sell up to the full 15.6 million tpy output of the Golden Pass liquefaction project, and provide shipping and sales opportunities to existing and new markets, including leveraging the sponsors’ long-term arrangements for international imports.
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Under the swap deal, BG Group and Malaysia's Petroliam Nasional Bhd will give Egypt about 500 million cubic feet/day of the natural gas they extract in the country to help ease its fuel shortage, while Qatar Gas will reportedly send the LNG directly to the companies' overseas customers.
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Nigeria and Algeria signed a memorandum of understanding (MOU) in 2002 for the 4,000 km gas pipeline to carry gas from Nigeria's Niger Delta region through the Republic of Niger to Algeria's Beni Saf export terminal on the Mediterranean Sea.
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One of the two gas tanks broke away from the truck in the San Pedro Xalostoc neighborhood just off the highway, setting fire to everything flammable in its path. The truck was identified as belonging to a company called Termogas, which distributes gas in several Mexican states.
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BG Group signed binding agreements with CNOOC for the sale of certain additional interests in the Queensland project for $1.93 billion and for the supply of an additional 5 million tpy of LNG.
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Singapore's new LNG terminal will have an initial throughput capacity of 3.5 MMtpa with two tanks, and will be expanded to 6 MMtpa by the end of 2013 and 9 MMtpa at a later stage.
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Privately-held Salof is known for its cryogenic plant design and fabrication for small LNG and CO2 applications. GE, a leader in large-scale LNG technologies, said it recently launched LNG solutions with a significantly smaller footprint and capacity that are complementary to Salof’s offerings.
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The venture will process 500 million cubic feet/day (MMcfd) of natural gas by the end of this year, Iraq's South Gas Co. Director said, compared with 240 MMcfd that was being captured in November 2011 when the JV was agreed. State-run South Gas Co. holds 51% of the $17.5 billion joint venture.
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The APA executive said the ventures are particularly interested in selling the core pipelines running from gas fields in Queensland State’s Surat Basin to the port of Gladstone on the coast. He added that any deals would be more straightforward once the pipelines had been built over the next year or so.
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The discussion here focuses on the thermodynamics involved and on the requirements for a successful natural gas valve application in which the incidences of hydrate formation and icing of the valve are reduced.
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Gas buyers in Japan and Korea are expected to benefit most from potential LNG exports, while Australian producers and European wholesalers could be under pressure.
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In a statement, Woodside CEO Peter Coleman said he now agreed that floating LNG could be the quickest way to develop Browse, which contains an estimated 15.5 trillion cubic feet of natural gas. Shell says its floating LNG technology is the fastest and most economic way to develop Browse.
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Air Products will supply its LNG proprietary C3MR liquefaction technology and equipment to a joint venture of IHI E&C International and Kiewit. It will be installed at Dominion's major liquefaction project, to be constructed at the site of Dominion's existing Cove Point LNG import terminal in Maryland.
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Early indications were that a spark ignited residual gasoline vapors while a crew was cleaning the barges, said Lt. Mike Clausen of the US Coast Guard, which was still conducting an investigation late Thursday. "That's where the investigation is currently leading," he said.
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India's natural gas importers are fast sealing deals to secure supplies as demand far exceeds domestic output. The nation currently produces about three-quarters of its natural-gas requirements, but will need to import nearly half of its requirements within a few years due to dwindling production.
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Woodside Petroleum CEO Peter Coleman doesn't see any major softening in LNG demand as buyers anticipate future supply increases from North America and East Africa. Demand for LNG is "very strong, particularly for spot cargoes and we expect that demand to maintain strength [in coming years]," he said.