Pluto Expansion Could Start 2021: Woodside

Link to original author and article

“Woodside is well positioned to capitalise on an expected increase in demand from emerging Asian markets,” its CEO Peter Coleman told the company’s annual investor briefing day May 23, disclosing plans to expand its Pluto LNG complex in 2021.

“Our portfolio offers exciting prospects for growing shareholder value that will coincide with rising global demand for gas and an anticipated supply shortfall,” he said, adding that a possible Pluto LNG expansion and Senegal oil development could generate significant cash in 2022-26.

More from Original Author

Read more

The missed opportunity of a tiny, tidy life

Link to original author and article

Meet your neighbors” should be a rather benign request. You share many trappings of your life with them, after all: A street, a building stairwell, a bodega where you see each other buying the exact same flavor of taquitos at two in the morning. See! You have so much in common.

Recent reader responses to this very suggestion revealed its perceived outrageousness. They covered a remarkable variety of objections: claims of being too shy, accusations that yours truly is a “Cheeto follower,” and the colorful declaration that “my neighbor can go pound sand” (which I had to Google).

More from Original Author

Read more

Iran to Sign Firm Contract with Tubacex May 24

Link to original author and article

Iran will sign a contract worth $550mn with Spanish Tubacex May 24 to produce corrosion-resistant alloy (CRA) pipelines, needed for South Pars.

This will be the first agreement in Iran’s oil and gas sector to be signed with a foreign company after the elimination of nuclear sanctions in January 2016. Iran has signed dozens of memoranda of understanding with foreign companies, but none of them has developed into an agreement yet.

According to a report, released by the oil ministry, the buyer is Iran’s Mobarakeh Steel Company and Tubacex will supply 600 km of CRA pipes needed for Pars Oil and Gas Company, operator of giant South Pars.

More from Original Author

Read more

Sound Bullish About East Morocco Play

Link to original author and article

UK-based Morocco gas explorer Sound Energy said May 23 it has almost doubled its in-house estimate of its deep level TAGI resource in eastern Morocco, based on its TE-8 well there.

Two months ago it said the TE-8 well had established that an Algerian geological play extends into eastern Morocco. Now it has said that sandstones at TE-8 have gas shows that are “likely to be producible with mechanical stimulation”; but the firm has yet to conduct any flow test on the well.

CEO James Parsons on May 23 said TE-8 was “the definitive Paleozoic play opener with thick Westphalian sands which should be producible across the region”; the gas-water contact was confirmed at 1,350 metres sub sea-level but the TAGI reservoir was “relatively tight.”

More from Original Author

Read more

Gazprom Finds More Gas than it Produces Each Year

Link to original author and article

Russian gas giant Gazprom added another 457.4bn m³ to its reserves last year, while producing 419.1bn m³, it said May 19. This is the 12th year in a row that it has added more than it has subtracted. It leads the world in reserves, with 36.4 trillion m³ at the start of this year, according to the Russian system of measuring reserves and for measuring gas. A Russian cubic metre is measured differently from a standard cubic metre and yields a little less energy.

Gazprom said it makes “consistent efforts to develop the new gas production centre in the Yamal Peninsula. The Bovanenko field (pictured below) is the biggest one, and it produced 67.4bn m³ in 2016, 5.5bn m³ more than in 2015.”

More from Original Author

Read more

GGP: Central Asia at 25

Link to original author and article

The statements, opinions and data contained in the content published in Global Gas Perspectives are solely those of the individual authors and contributors and not of the publisher and the editor(s) of Natural Gas World.

This was originally published by bruegel on May 5, 2017

Central Asia, though referred to as a single region, consists of five culturally and ethnically diverse countries that have followed different political and economic transformation paths in the last 25 years since independence from the Soviet Union.

More from Original Author

Read more

Japan’s LNG Imports Rise 3% Year on Year in April

Link to original author and article

Japanese imports of LNG in April rose 3% year on year to 6.57mn metric tons (mt), according to data released May 22 by country’s ministry of finance.

The value of the imports during the month was $2.6bn, it said.

The import price of LNG has been weaker in recent months compared with prices a few years ago, pressured by oversupply conditions in the global market. And, in February, Japan’s Institute of Energy Economics (IEEJ) said that prices for the short term had peaked.

More from Original Author

Read more

GGP: U.S. Statement On LNG To China May Signal A Shift To A Less Transparent Approach To Energy Policy

Link to original author and article

The statements, opinions and data contained in the content published in Global Gas Perspectives are solely those of the individual authors and contributors and not of the publisher and the editor(s) of Natural Gas World.

This article was originally published by Forbes on May 15, 2017.

On May 11the Department of Commerce issued a 100-Day Action Plan stemming from the recent dialogue between President Trump and Chinese President Xi Jinping at Mar-a-Lago. Among other things, the Commerce Department signaled a willingness to export U.S. natural gas to China in the form of liquefied natural gas, or LNG. The Department of Commerce welcomed China, as well as any other trading partner, to receive imports of LNG from the United States, and guaranteed that China would be treated no less favorably than other non-FTA trade partners.

More from Original Author

Read more

Even Republicans are nervous about Trump’s budget.

Link to original author and article

Daimler AG, the company behind Mercedes-Benz, just broke ground on a $543 million lithium-ion battery plant in Germany, Bloomberg reports. Consider it a response to Tesla’s $5 billion gigafactory under construction in California, as car makers and utilities drive demand for more powerful and less expensive batteries.

The German plant is the first of many such factories planned in Europe, including a 4 billion-euro ($4.5 billion) battery plant slated for Sweden by 2023. With all this investment in batteries, prices could fall by 43 percent, estimates Bloomberg’s energy research unit — enough to make electric cars cheaper than their fossil-fueled counterparts by 2030.

More from Original Author

Read more

Coal impacts could push 122 million people into extreme poverty by 2030.

Link to original author and article

Though the official release is planned for Tuesday, leaked versions of the 2018 budget proposal show dramatic funding cuts for environmental programs — even those supported by the president’s own party.

The budget, which still needs congressional approval, would cut the Environmental Protection Agency’s budget by 35 percent. It also slashes funding for cleanup programs like Superfund, but adds cash for water infrastructure.

After submitting an original budget blueprint, the Trump administration faced backlash from Democrats and environmental groups about the drastic cuts. But Republicans are wary of what President Trump might propose, too.

More from Original Author

Read more