Analysis Examines Effects of Unconventional Gas Supplies on Global Natural Gas Market
Posted on Aug 5, 2011 in E&P, Markets and Competition | Comments Off on Analysis Examines Effects of Unconventional Gas Supplies on Global Natural Gas Market
An in-depth analysis published by The Economist examines the effects of increased unconventional gas production, primarily from shale gas or tight gas plays, on the global natural gas...
Nexen Seeking Asian Partners for LNG Export Project
Posted on Jun 14, 2011 in Canada & Mexico, E&P, LNG Exports | Comments Off on Nexen Seeking Asian Partners for LNG Export Project
Officials with Nexen told Bloomberg yesterday that they recently traveled to Asia with the goal of forming a joint venture to develop natural gas plays in Western Canada. Nexen CEO Marvin Romanov said that his company was specifically interested in finding a partner “with good contacts in...
Petronas Invests in Canadian Shale Play as It Considers LNG Exports
Posted on Jun 3, 2011 in Canada & Mexico, E&P, LNG Exports | Comments Off on Petronas Invests in Canadian Shale Play as It Considers LNG Exports
Petronas has secured a 50% stake in three shale gas fields in British Columbia, partnering with Canadian company Progress Energy Resources Corp. Bloomberg reports that under the terms of the agreement, Petronas would more than double its initial investment should the companies decide to construct an LNG export project on the Canadian west coast. Petronas would own 80% of the LNG export...
Japanese Companies Join Mitsubishi in Canadian Gas Shale Project, Plan to Study LNG Exports
Posted on May 9, 2011 in Canada & Mexico, E&P, LNG Exports | Comments Off on Japanese Companies Join Mitsubishi in Canadian Gas Shale Project, Plan to Study LNG Exports
Four Japanese companies — Japan Oil, Gas and Metals National Corporation, Chubu Electric Power Co., Tokyo Gas Co., and Osaka Gas Co. — have joined Mitsubishi Corporation in a consortium that will develop shale gas deposits in British Columbia. According to Mitsubishi’s media release, the consortium will also analyze the possibility of exporting Canadian natural gas as...
Nexen CEO Expects to Market Gas from British Columbian Shale as LNG
Posted on Apr 29, 2011 in Canada & Mexico, E&P, LNG Exports | Comments Off on Nexen CEO Expects to Market Gas from British Columbian Shale as LNG
Marvin Romanow, CEO of Nexen Inc., said this week that he expects Nexen will market some of its shale gas production as LNG and export it from British Columbian LNG liquefaction projects currently in development. The Calgary Herald notes that Romanow called LNG export from British Columbia a “very realistic...
Encana-PetroChina Deal May Have Implications for Kitimat LNG Export Proposal
Posted on Feb 11, 2011 in Canada & Mexico, E&P, LNG Exports, Markets and Competition | Comments Off on Encana-PetroChina Deal May Have Implications for Kitimat LNG Export Proposal
A number of industry observers noted that the recent acquisition by PetroChina of a large stake in Encana’s British Columbian natural gas reserves could have implications for Kitimat LNG’s efforts to export LNG to customers in the Asian Pacific market. According to the Calgary Sun, Encana CEO Randy Eresman said that although Kitimat LNG did not figure into negotiations between...