Showing posts with label LNG World Shipping. Show all posts
Showing posts with label LNG World Shipping. Show all posts

Wednesday, May 16, 2018

Zohr brings turnaround in Egypt’s LNG fortunes - LNG WORLD SHIPPING

Wed 16 May 2018
Mike Corkhill

With the start of the third production unit at Egypt’s giant Zohr offshore gas field earlier this week, the country’s need for LNG imports is rapidly drawing to a close.

Production at Zohr, which only began in December 2017, now stands at 1.1Bn ft3 per day (bcfd). Eni, the operator of the Zohr field, along with its partners in the project and Egyptian National Gas Holding Company plan to boost the venture’s output to 2 bcfd by the end of 2018 and to reach a plateau production level of 2.9 bcfd by 2019. At that rate Zohr alone will meet 60% of Egypt’s entire gas demand.

The recently discovered Zohr field, with some 30Tn ft3 (tcf) of recoverable reserves, is the largest deposit of gas in the Mediterranean. It lies in the Shorouk Block 190 km north of Port Said.

Zohr is helping Egypt emerge from a gas-deficit scenario, which manifested itself earlier in the decade amid the Arab Spring uprising and the depletion of domestic gas reserves, much more quickly than anticipated.

Monday, April 3, 2017

Turkey’s floating LNG imports deliver cheaper gas and energy security - LNG WORLD SHIPPING

Mon 03 Apr 2017

Turkey’s new floating storage and regasification unit (FSRU) will alleviate strain on seasonal imports and enables the country to diversify its sources of supply, writes Anders Norlen

Turkey’s gas consumption is rising fast and sharp seasonal demand swings and limited storage mean supply is tight over winter. Deploying FSRUs offers a solution to Turkey’s problems.

The Turkish gas market has grown over the last 10 years from 27bcm in 2005 to 48bcm in 2016. About 70 per cent of this demand growth has come from increased gas use in power and industry, reflecting the last decade’s robust economic growth and a 30 per cent hike in winter heating demand in the residential and commercial sector.

Monday, January 16, 2017

Spain’s Reganosa wins Malta LNG management deal - LNG WORLD SHIPPING

Malta took delivery of its first LNG cargoes last week
Mon 16 Jan 2017 by Karen Thomas

Galician firm Reganosa is to maintain and operate Malta’s Delimara LNG regasification plant, which will start commercial operations within weeks, under an agreement with ElectroGas Malta (EGM).

Last week, the first LNG cargoes arrived in Marsaxlokk Bay, Malta to be stored in a floating storage unit (FSU) for delivery to the nearby Delimara gas plant. FSU Armada LNG Mediterran aarrived in Malta last autumn.

Bumi Armada converted Mitsui OSK’s 1985-built, 125,000m³ LNG carrier Wakabu Maru into an FSU to supply LNG to the new 215MW combined-cycle gas plant at Delimara. There have been conflicting reports over when the power station will open. A Reganosa spokeswoman told LNG World Shipping that this will happen “within weeks”.

Thursday, January 12, 2017

LNG demand in southeast Europe – a tale of three countries - LNG WORLD SHIPPING

Marios Demetriades: considering Cyprus' LNG options
Thu 12 Jan 2017
Karen Thomas

Greece, Italy and Cyprus have individual and collective plans for LNG-import and small-scale distribution infrastructure

Although it is a relatively mature LNG-import market, Europe is developing significant new import and small-scale capacity and new capacity is concentrated in the south and east of the continent.

Several factors are driving this shift. Falling prices and slowing demand from Asia’s mature importers have made LNG more competitively priced, compared with piped gas, for buyers in Europe.

Monday, November 21, 2016

Cyprus positions itself to tap regional LNG growth - LNG WORLD SHIPPING

Mon 21 Nov 2016

Cyprus Department of Merchant Shipping acting director Ioannis Efstratiou sets out the east Mediterranean island nation’s LNG-development priorities

The LNG market is firmly embedded within the new shipping strategy that Cyprus’ minister of transport, communications and works recently announced, that aims to consolidate and develop Cyprus’ role in world shipping.

Following the discovery of several sizeable natural gas fields in the eastern Mediterranean in recent years, the opportunity for Cyprus to become an energy hub and leading regional transporter of natural gas continues to flourish.