Category: Highlights

BP Singapore has delivered its first carbon offset LNG cargo in the Asia-Pacific region to CPC Corporation, the oil and gas major confirmed today (6th September). Delivered to the Yung An terminal in Taiwan, the LNG offering strengthens BP’s offering in the region and meets the growing demand for LNG. “Natural gas has a key role to play in getting the world to net zero. This new offer further demonstrates our determination to remain one of the world’s leading and most innovative LNG suppliers,” said Carol Howle, Executive Vice-President of…

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The shale revolution has profoundly changed the market landscape for natural gas. The U.S. is now the largest nat gas producer in the world, due largely to technological development prompted by the shale renaissance. These advancements have substantially enhanced productivity and have cut costs per well. Cheniere’s Sabine Pass and Corpus Christi: As the first mover in the U.S., Cheniere’s Sabine Pass (SPL) terminal in Cameron Parish, La., started exporting LNG in February 2016 while Corpus Christi LNG (CCL), which is situated in south Texas, began operations in 2018. Cheniere is…

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KEEN to build on the last year’s growth rate of 3.9 per cent to hit the targeted 4.8pc this year, Pakistan is set to leverage the second phase of the China-Pakistan Economic Corridor (CPEC) at a time when the future outlook of the economy is somewhat clouded by the changing geopolitical dynamics and the evolving realignments of contending regional and global powers. While engaging with European dignitaries converging in Islamabad as the world eerily watches the return of Taliban rule in Afghanistan, Pakistan has mounted renewed efforts to regain Chinese…

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Liquefied natural gas (LNG) tankers are burning dirtier fuel oil than normal to try to conserve as much of their LNG cargo as possible after the price of the super-chilled fuel soared above oil, trade and shipping sources have told Reuters. LNG tankers often use some of their natural gas cargo – stored in liquid form at minus 163 degrees Celsius – to help power the ship, as a small portion of the LNG tends to evaporate or “boil off” during transit and needs to be removed from the tanks…

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THE government seems to have finally recognised the importance of seasonal energy pricing for domestic and commercial consumers as it struggles to improve electricity sales and discourage consumption of gas for space heating. Well, better late than never. The energy ministry is pitching a proposal for implementing new seasonal energy pricing for both domestic and commercial consumers to motivate people to consume more electricity by lowering power rates during off-peak months. The move highlights the twin problems of a substantial plunge in electricity demand and an unmanageable spike in gas…

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