Oil & Gas explorer gets board approval to develop fields off Isreal’s shores

Energean Oil & Gas Plc, a Greek oil and gas explorer, has gotten the approval of its board to develop 2 fields – Tanin and Karish natural gas fields- off the Isreali shores which will supply gas to the local Isreali Market. The company has already secured long-term gas agreements with some of the largest private power producers who have contracted purchases of a total of 61 bcm of gas over 16 years. Energean estimates that the supply of gas will start in the first quarter of 2021. Read more here: https://www.timesofisrael.com/greeces-energean-gets-nod-to-develop-2-israeli-offshore-natural-gas-fields/

130 new oil and gas projects to commence production in the next 7 years

By 2025, about 11.5 billion cubic feet per day of gas would be added to global gas production. This is a result of about 130 new oil and gas projects set to commence over the next 7 years, with Malaysia driving natural gas production by contributing 3.8 billion cubic feet per day to gas production in Asia. Read more here: https://www.oilfieldtechnology.com/special-reports/22032018/globaldata-130-new-oil-and-gas-projects-in-asia-to-commence-production-by-2025/

New LNG refueling station to be built for Remitrans transport company.

Liqal, a Dutch Oil and Gas company has agreed to build a new LNG refueling station for Remitrans – a Belgian transport company. Commenting on the contract, Frank Coppens, Logistics manager at Remitrans said “By switching the fleet from diesel to LNG fuel, step-by-step, Remitrans improves the local air quality and we reduce the CO2 emission per truck by at least 20%. With the purchase of 9 ex-factory Euro-VI Volvo trucks, 15% of our trucks will run on LNG this year, next year this will be 30%, with as future target to change the entire fleet.” Read more here: https://www.lngindustry.com/liquid-natural-gas/22032018/remitrans-agrees-lng-refuelling-station-contract-with-liqal/

Final Investment Decision to be made on LNG Canada project this year

An official for the British Columbia province revealed yesterday, that Shell has reached agreements with a majority of local residents, including the indigenous communities of the First Nations. He said that a final investment decision (FID) will be made this year for the LNG Canada LNG project which it runs in partnership with PetroChina, KOGAS and Mitsubishi Corp. The project has an estimated development cost of $31.03 billion. Read more here: https://www.lngindustry.com/liquefaction/22032018/lng-canada-on-track-for-final-approval-this-year/