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  1. Venezuela, Trinidad and Tobago sign gas supply deal

    Venezuela on Dec. 5 reportedly will sign an agreement with neighboring Trinidad and Tobago to supply the Caribbean twin-island nation with as much as 500 MMcfd of natural gas from its fields in the Mariscal Sucre region. Trinidad and Tobago Prime Minister Keith Rowley said he will be travelling to Caracas to sign the agreement saying it was important to the island’s continued presence as a powerhouse in the methanol and ammonia global markets. “Some of the plants on the Point Lisas industrial estate have been operating at between 20-30% below capacity and they need to operate above 90% to be profitable…. Therefore we need to ensure that they have the natural gas necessary.” Trinidad and Tobago is the largest exporter of methanol in the world as well as the largest exporter of ammonia to the US. It is also the sixth-largest global exporter of LNG. However, it has over the last 4 years been plagued by gas curtailments because of the slow production of reserves. OGJ has learned that the start of gas production from Dragon field will only allow for 100 MMscfd to be supplied to Trinidad and Tobago because Venezuela needs the additional gas for electric power generation. Agreement details The agreement, however, calls for gas from Patao, Mejillones, and Rio Caribe fields when they are developed. The Mariscal Sucre project includes four gas fields: Dragon, Patao, Mejillones, and Rio Caribe. The Mariscal Sucre Dragon field is about 25 miles north of the Paria peninsula, Sucre state, in 328-427 ft of water. The agreement, sources say, will lead to a joint pipeline project between Petroleos de Venezuela SA (PDVSA) and Trinidad and Tobago’s National Gas Co. (NGC). There is no final decision of the route, but it is going to either go to the north of Trinidad and tie into Royal Dutch Shell PLC’s Hibiscus platform in the North Coast Marine Area or through the south to NGC’s pipelines at the Point Lisas Estate. This agreement is separate from the cross-border agreement the two countries have to develop the 10-tcf Loran Manatee gas field, which they share. Loran Manatee field is expected to start gas flow in 2022. Most of that gas will be sent to Trinidad and Tobago to be produced. OGJ has been told that while the governments of Trinidad and Tobago and Venezuela are pushing for the first by 2020, negotiators from Shell and PDVSA have said it is unlikely to occur. Gas not for export Multiple sources also tell OGJ that there is almost certainty that when the gas comes it will go to fueling domestic users and not go to LNG export. One source told OGJ, “While LNG is certainly an option, thus far LNG has not been a real discussion point. What I will say is that the companies have said they want to sell the gas to the market that they will get the best return on their investment and when you look at the reality often that is the local market and furthermore, the cost of further LNG expansion may negate against it.” A development plan for the production of gas from the Loran-Manatee also is expected to be presented to the governments of Venezuela and Trinidad and Tobago by the second quarter of 2017. Shell and PDVSA have been working with the teams from the two countries to ensure that when they produce the joint development plan, it is closely aligned with the thinking and goals of the two governments. However even when the development plan is presented, there will still be gaps until the front-end engineering and design study is conducted. Recently teams from the companies and the two governments met for 3 days in Port of Spain negotiating a number of agreements. OGJ has been told that the unitization and unit operating agreement (UUOA) has been completed and the Venezuelans are now awaiting a response from Trinidad and Tobago. The island nation is likely to respond by the end of the month after receiving comments from the lawyers at the Office of the Attorney General and the technocrats at the Ministry of Foreign Affairs. It is likely both countries will sign off on the UUOA by first-quarter 2017 and once the UUOA is complete it automatically triggers a 90-day limit at which time they will have to put forward a development plan for the two fields. Negotiations between Venezuela and Trinidad and Tobago have continued for the last 13 years starting in 2003 with the signing of a memorandum followed by 5 years of technical studies of several reservoirs to determine if they crossed and to what extent they crossed the border. A framework treaty was then signed and a unit operator selected. The consortium is now working on a UUOA after which a development plan will follow and after then approvals will have to be sought and the financing determined.

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    Thu, 1 Dec 2016

  2. Etheridge becomes IHI E&C project director for Cove Point LNG

    Robert Etheridge has been appointed by IHI E&C International Corp. (IHI E&C), a Houston-based wholly-owned subsidiary of IHI Corp., as project director for the Dominion Cove Point LNG export project effective immediately. 

    Online Articles

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    Mon, 28 Nov 2016

  3. IEA study: Global LNG markets are less flexible than many think

    Today’s low natural gas prices and abundant supplies do not reflect inherent inflexibilities in global LNG markets, according to the International Energy Agency’s first Global Gas Security Review.

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    Mon, 28 Nov 2016

  4. Eastern European ambassadors call for expedited US LNG export process

    Ambassadors to the US from seven Central and Eastern European nations asked US congressional leaders to support legislation that would address the US Department of Energy’s review process and expedite LNG exports to their countries.

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    Mon, 14 Nov 2016

  1. Accelerating LNG exports is lame-duck session priority, lawmakers say

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    Tue, 15 Nov 2016

  2. D.C. Circuit Affirms FERC Handling of Cove Point LNG Export Application

    The U.S. Court of Appeals for the District of Columbia Circuit has rejected the assertion by environmental groups that the Federal Energy Regulatory Commission (FERC) did an inadequate review of Dominion (NYSE:D) plans to develop the Cove Point liquefied natural gas ( LNG ) export facility in ...

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    Mon, 18 Jul 2016

  3. D.C. Circuit affirms FERC handling of Cove Point LNG export application

    Groups claimed FERC had done insufficient environmental review

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    Fri, 22 Jul 2016

  4. US LNG export prospects are uncertain, Brookings analyst says

    US LNG export projects face an uncertain future despite continued discoveries and production growth, a Brookings Institution analyst said. “More liquefaction capacity may be coming than markets can absorb,” warned Tim Boersma, acting director of Brookings’s Energy Security and Climate Initiative.

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    Tue, 4 Aug 2015

  5. DOE could meet 45-day LNG export decision deadline, Senate panel told

    The US Department of Energy would have no trouble meeting a 45-day deadline to reach a national interest determination for proposed LNG export facilities that a US Senate bill would establish, Christopher A. Smith, assistant US energy secretary for fossil energy, told the Energy and Natural ...

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    Thu, 29 Jan 2015

  6. Venture Global to develop LNG export facility in Louisiana

    Venture Global LNG is developing a liquefied natural gas ( LNG ) export facility, the Calcasieu Pass Project, in southwestern Louisiana. The export facility in Cameron Parish, Louisiana, will be 203 acres along the Calcasieu Ship Channel where it meets the Gulf of Mexico.

    Online Articles

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    Wed, 10 Dec 2014

  7. ANGA urges US to scrap dual approvals for LNG export projects

    The US could lose an important global opportunity if it doesn’t move more quickly on its LNG export decisions, America’s Natural Gas Alliance said in a new study. “This is not about trying to get 20 export facilities quickly built,” ANGA Pres. Martin J. Durbin told reporters as the study was ...

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    Thu, 16 Apr 2015

  8. Oil & Gas: Petronas delays decision on LNG export facility

    Petronas said it will delay a decision on whether to build a liquefied natural gas ( LNG ) export plant in British Columbia, Canada.

    Online Articles

    Online Articles

    Mon, 8 Dec 2014

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