Top News of the Week of Jan 28 – Feb 2, 2013
Royal Dutch Shell recently posted a video about liquefied natural gas (LNG) and its use.
Royal Dutch Shell is interested in buying several liquefied natural gas assets from Repsol of Spain, Cinco Dias newspaper reported.
Shell US Gas & Power, a subsidiary of Royal Dutch Shell, and Southern Liquefaction Company, a Kinder Morgan company and unit of El Paso Pipeline Partners, announced their intent to form a limited liability company to develop a natural gas liquefaction plant in two phases at Southern LNG Company, existing Elba Island LNG Terminal, near Savannah, Ga.
Novatek of Russia and Total of France pushed back the start of liquefied natural gas production at the $20 billion Yamal LNG project in Russia’s Arctic to 2017 after delays reaching an investment decision, Bloomberg informs.
With the high price of low sulphur diesel and increasingly aggressive Emissions control areas (ECAs) in US waters, shipping firms and gas giants are looking to LNG as the next step in the evolution of marine fuel. With operational cost savings of up to 50% according to studies and a superior environmental profile, the conversion of ships to gas is being driven by a tidal wave of interest. This will be explored at the LNG for Marine Transportation Conference hosted by FC Business Intelligence.
LNG World News Staff, February 03, 2013