Mitsui, Gazprom sign LNG cooperation agreement
VLADIVOSTOK, Russia (Reuters) — Gazprom, Russia’s biggest natural gas producer, and Japanese trading firm Mitsui & Co have signed a LNG cooperation agreement, the Russian energy giant said on Thursday.
“The document reflects the parties’ striving toward cooperation in production, transportation and marketing of small and medium-scale LNG on the territory of Japan, as well as LNG bunkering in the Sea of Japan,” Gazprom said in a statement.
Gazprom also said it had clarified certain provisions in the memorandum of understanding it signed with the Japan Bank for International Cooperation (JBIC) last year.
Reporting by Oksana Kobzeva; writing by Gabrielle Tétrault-Farber; editing by David Clarke
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT