Medical and Hospital News  
OIL AND GAS
First LNG cargo ready to leave the Russian Arctic
by Daniel J. Graeber
Washington (UPI) Dec 8, 2017


French supermajor Total said Friday the first cargo of liquefied natural gas is leaving an Arctic facility in Russia, one of the largest in the world.

The French company holds a 20 percent stake in the Yamal liquefied natural gas project, alongside China National Petroleum Corp., with a 20 percent stake, and Novatek, Russia's largest independent gas company and the majority stakeholder. Total said the first cargo of LNG was ready for shipment as of early Friday.

"Together we managed to build from scratch a world-class LNG project in extreme conditions to exploit the vast gas resources of the Yamal peninsula," Total Chairman and CEO Patrick Pouyanné said in a statement.

The Yamal LNG project has the capacity to produce about 16.5 million tons of natural gas and exports could target consumers in the Far East. Up to 16 ice-class carriers could be designated to ship LNG year-round to global consumers from the far north Kara Sea.

Pouyanne joined Russian Cabinet officials in June for a ceremony naming a tanker designated for Arctic LNG after former Total CEO Christophe de Margerie, who died in a plane crash in Moscow in 2014

The first train, the facility that converts gas to the liquid form, went into production early this week. Two more trains will be in service by 2019.

Energy consultant group Wood Mackenzie said it's rare for a project like Yamal to get off the ground on time and on budget. Samuel Lussac, Wood Mackenzie's senior Russian analyst, said operations will be tested, in part by its location in the harsh Arctic environment. By his read, getting LNG out of the region consistently could be a challenge.

LNG offers more options for delivery because there are fewer geopolitical risks than piped gas. European economies are vulnerable to those types of risk because most of the Russian gas they get moves through Soviet-era pipelines in Ukraine. The super-cooled gas has taken on a strategic value as the United States has started shipping its own LNG to some European countries that would normally depend on Russia.

The U.S. National Defense Authorization Act states that U.S. efforts should promote European energy security with backing for expansion of its own gas infrastructure, as well as growth of trade in LNG.

"This giant project would not have been possible without the power of our partnership with Novatek and displays Total's commitment to Russia," Pouyanné.

Novatek had no statement on Friday's shipment. Becoming a global player, however, Chairman Leonid Mikhelson said Yamal marks "a new chapter in our corporate history."

OIL AND GAS
China reaffirms Venezuela ties after Sinopec lawsuit
Beijing (AFP) Dec 8, 2017
China said Friday that it "attaches great importance to the development of China-Venezuela relations" after a US subsidiary of the Chinese state-owned oil giant Sinopec sued its Venezuelan counterpart. The lawsuit, filed in a US court, accuses the Venezuelan state-owned oil and natural gas company PDVSA of failing to fulfill a payment of more than $43 million for steel reinforcement bars. ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
In helping earthquake victims, life lessons for Haiti youth

China says UN resolutions 'cannot solve' Rohingya crisis

UN urges 'humanitarian pause' for Yemen

Pole to pole, linemen hard at work restoring power in Puerto Rico

OIL AND GAS
Lockheed Martin assembles third US Air Force GPS 3 satellite

DARPA digging for ideas to revolutionize subterranean mapping

China's GPS network Beidou joins global rescue data network

Galileo quartet fuelled and ready to fly

OIL AND GAS
Paleontologists reveal Little Foot, the most complete remains of an early human relative

Trump removes protection for swaths of Utah parks

Chimp females who leave home postpone parenthood

Long-term logging study demonstrates impacts on chimpanzees and gorillas

OIL AND GAS
Climate change: can hummingbirds take the heat?

Cambodia seizes shipment of ivory hidden in hollow logs

African protected area can support 10s of thousands of elephants

Medium-sized carnivores most vulnerable to environmental shifts

OIL AND GAS
Campaigners incensed at failings in Africa AIDS war

World AIDS chief warns of risk for Africa's child brides

UN warns of drug-resistant germ risk brewing in nature

Mosquitoes transmit dengue virus more frequently when temperatures rise

OIL AND GAS
China, accused of abuses, hosts human rights forum

No class: China halts chauvinist 'female morality lessons'

Chinese teacher used needles to 'discipline' children: police

Tibetan monk self-immolates in China: campaigners

OIL AND GAS
OIL AND GAS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.