International

The global LNG market, in which Gazprom intends to increase its liquefaction capacity by 250% to 25 million tons per year by 2018, will pose unfamiliar challenges to the company, according to an analyst with research and consulting firm GlobalData.

NICOSIA, Cyprus (AP) — Cyprus says it has joined with Israel and Greece to get the European Union to consider a pipeline that would link the continent with newly found natural gas fields in the eastern Mediterranean.

ANKARA, Turkey (AP) — Turkey and Russia are looking to shake up the energy market in southeastern Europe, after Moscow scrapped a multibillion dollar pipeline project that was to cross the region and instead sought to create a link to Turkey.

State-run Argentine oil company YPF SA has reportedly reached a deal with Malaysia's Petroliam Nasional Bhd (Petronas) to develop deposits of shale oil and gas in the Vaca Muerta formation in Patagonia.

For the first time in its history the Gate terminal, located on the Maasvlakte in Rotterdam, The Netherlands, simultaneously reloaded the Wilgas and Coral Methane LNG carriers with LNG.

Bechtel has hydro-tested two additional LNG storage tanks built on Curtis Island in Queensland, Australia.

Russia’s Rosneft has acquired land drilling and workover assets of Weatherford in Russia and Venezuela. Rosneft acquires eight companies (part of the Weatherford group) involved in drilling operations in Russia and Venezuela.

Gazprom Marketing & Trading’s newly delivered LNG carrier Pskov received bunkers (heavy fuel oil and marine gas oil) at the port of Nakhodka in the Primorskiy Region of Russia. This marks the first time a GM&T time-chartered LNG vessel has bunkered in a Russian port. Bunkers were provided by GazpromNeft Marine Bunker.

A recent U.S. Energy Information Administration report indices that China relies heavily on domestic coal (and to a lesser extent oil) to meet rising energy consumption. To reduce air pollution and carbon dioxide emissions, the Chinese government is attempting to replace some of the country's coal and oil use with natural gas.

Santos (40%) and operator GDF SUEZ (60%) announced the Bonaparte LNG project will consider options other than floating LNG technology to develop the Petrel, Tern and Frigate natural gas fields, located 250 km offshore west of Darwin, Australia. These options will include a pipeline connection to Darwin.

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