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GECF joins IEA-IEF-Opec symposium to discuss global energy security, outlook, market stability

Despite the pandemic, the Gas Exporting Countries Forum members have displayed outstanding discipline and resilience in the uninterrupted fulfilment of their obligations towards all contracting parties, GECF secretary general Yury Sentyurin said at the annual IEA-IEF-Opec Symposium on Energy Outlooks yesterday. ....

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GlobalData : Indonesia off-track with its target of exporting one million vehicles by 2024, says GlobalData

16 Feb 2021
Indonesia off-track with its target of exporting one million vehicles by 2024, says GlobalData

Posted in Automotive

Following. | February 20, 2021 ....

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AstraZeneca : India to start COVID vaccine exports on Wednesday

India will start exporting COVID-19 vaccines from Wednesday, paving the way for many mid- and lower-income countries to get supplies of the easy-to-store Oxford/AstraZeneca drug, of which it said. | January 20, 2021 ....

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Driftwood LNG Export Facility to Begin Construction "This Summer"

Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. However, Charif Souki, chairman of Tellurian (the builder) said yesterday he is targeting this summer to begin construction on the project. What's changed? Driftwood will be located in the Lake Charles area, not far from Cheniere Energy's Sabine Pass facility currently the largest U.S. LNG exporter. Marcellus/Utica gas flows via a network of pipelines to Sabine Pass and we're guessing our gas will also flow to Driftwood once it's built and operating, hence our ongoing interest in the project. Souki is attempting to build the facility in a non-traditional way, by getting potential customers to foot the bill in return for a slice of the LNG output. One of Driftwood's biggest potential customers, India's Petronet, bailed on the project l ....

Charif Souki , Cng Lng , Industrywide Issues , சிங் ல்க் ,

Panama Canal Losing Business as US LNG Exports Find Alternate Routes

Two days ago MDN told you that the Atlantic Ocean near the country of Panama has become a virtual parking lot for LNG tankers as they wait up to 10 days to transit the Panama Canal on their way to Asia (see Panama Canal Becomes Bottleneck for U.S. LNG/LPG Heading to Asia). The ships, which cost on the order of $250,000 per day to transport the LNG, are now finding other routes. The primary alternative is the Suez Canal. Some (many?) LNG cargoes contain Marcellus/Utica molecules. It's important they get to market in a timely fashion. The Panama Canal currently allows just two LNG carriers to transit the Canal each day. Now Panama is going to lose business (and big bucks) by limiting the number of LNG carriers. They might to rethink the restriction. The primary beneficiary of Panama's limits is the Suez Canal in Egypt. Yeah, we had to look it up on a map. Looks to us like to get to Asia via the Suez Canal alternate route, ships will have to sail through the Straights of Gibra ....

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