Multiple NGOs call for scrap of Nigeria-Morocco gas pipeline

The West African Gas Pipeline (GOA) which was first announced following a meeting between King Mohammed VI and President Muhammad Buhari of Nigeria, is expected to link Nigeria to Morocco along 5000km, serve 12 African countries and about 300 million potential consumers. About 40 organizations however, have signed a statement calling for the cancellation of the pipeline in the interest of the people and planet. The groups which include Friends of the Earth, and Oil watch believe the project will increase the debt burdens of the concerned countries and will increase consumption of fossil resources. Read more here: https://www.lngindustry.com/liquid-natural-gas/26032018/china-february-lng-imports-eased-on-slower-industrial-demand-growth/

Impressive progress on Isreali Gas field development
Less than a week after final investment decision was made on an Isreali natural gas field (Karish), TechnipFMC revealed that it has sealed the contract for work on the field. The contract which is from Greek company Energean is for Technip to help with the design, construction and installation of a floating production storage and offloading unit for Karish, with tie-ins to the nearby Tanin field. Read more here: https://www.upi.com/Energy-News/2018/03/26/Israeli-gas-field-development-proceeds-quickly/4561522060179/?utm_source=sec&utm_campaign=sl&utm_medium=1

Ichthys LNG facility commissioned
The FPSO LNG facility (Ichthysventurer) at the onshore gas liquefaction plant being run by INPEX corporation has been commissioned. The project which has already completed drilling of production wells, will complete commissioning required for production startup at the Central Processing Facility (Ichythys Explorer) and commence production of gas. Read more here: https://www.lngindustry.com/liquefaction/26032018/inpex-announces-updated-schedule-for-ichthys-lng-project/

Chinese Holiday leads to drop in Industrial Gas demand
China saw a fall in imports last month from a record high in January due to its traditional week-long Lunar New Year holiday in February. The General Administration of Customs recorded a decrease of 1.19 million tonnnes of LNG between January and February 2018, as China’s winter heating session comes to a close in mid-March. Industrial demand is expected to pick up later on as other industries resume operations. Read more here: https://www.lngindustry.com/liquid-natural-gas/26032018/china-february-lng-imports-eased-on-slower-industrial-demand-growth/

Leave a Reply

Your email address will not be published. Required fields are marked *