02-11-2016, 11:15 PM
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11 February 2016
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LATEST NEWS
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New LNG Train every eight weeks as demand grows in medium term
A new liquefied natural gas production Train will come on stream every eight weeks over the next five years when global supplies will rise by 40 percent, UK energy major BP said in its 2016 Energy Outlook. Full Article
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Clean Energy Fuels Corp. of California said its sales of liquefied natural gas and compressed natural gas vehicle fuel made from organic waste methane increased to 50 million gasoline gallon equivalents from 20 million gallons the previous year. Full Article
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The Pacific NorthWest LNG project proposed for the west coast of Canada, led by Petronas of Malaysia, is unlikely to harm young salmon habitats after all, though was now seen causing "significant adverse environmental effects" on harbour porpoise and from harmful greenhouse gases, federal regulators said. Full Article
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Pakistan signs 15-year supply deal with Qatar to open way for more regas facilities
Pakistan has signed a 15-year liquefied natural gas supply deal with Qatar that is expected to open the way for more import facilities in the Asian nation in addition to the one currently operating at Port Qasim near Karachi. Full Article
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NEWS IN BRIEF
Saipem rating review
The LNG and energy engineer, Saipem of Italy, said it was placed under review by US ratings agency Moody's for a possible credit downgrade from its current "Baa3". The decision by Moody's follows a similar review by the other US raings agency Standard & Poor's. Both are substantially based on "the recent weakening of industry fundamentals and the consequent increase in the risk of project cancellations and or delays and reduced capital spending by oil and gas companies," Saipem said.
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