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Brazil LNG imports up 6.4% in June

Brazil LNG imports up 6.4% in June

by Jonathan Robinson, Platts, June 17, 2014 Brazilian imports of LNG are up 6.4% so far this month, averaging 40,765 cubic meters/d in June, compared to an average 38,313 cu m/d during the prior month, according to the latest data from Platts unit, Bentek Energy. The rise in LNG imports comes as the country experiences…

Chile’s ENAP negotiates LNG contract, capacity for power plant

by Tom Azzopardi, Platts, June 25, 2014 Chile’s state energy firm ENAP is negotiating the terms of a 10-year contract to supply natural gas to a power generator, the country’s president said. Speaking at an energy industry dinner in Santiago on Tuesday, Michelle Bachelet said that the gas, supplied from the Quintero regasification terminal in…

Colombia’s largest pipeline confirms ‘very small’ oil spill

by Chris Kraul, Platts, July 22, 2014 A “very small” quantity of crude oil has spilled off Colombia’s Caribbean coast at the country’s principle offloading depot at Covenas, the country’s largest pipeline, OCENSA, said Tuesday. Few other details, including how many barrels poured in to the sea and how the spill happened, were provided, however….

India confirmed as top Asian buyer of Venezuelan crude in 2013: PDVSA

by James Bourne, Platts, July 2, 2014 India imported 403,000 b/d of Venezuelan crude in 2013, up 10.1% from 2012, while China imported 293,000 b/d, up 8.9% year on year, according to state-owned Petroleos de Venezuela, known as PDVSA. India did not import any refined products from Venezuela in 2013, according to PDVSA’s recently published…

Production from new fields boosted Peru’s crude output in May: ministry

by Alex Emery, Platts, July 16, 2014 Peru increased crude oil output in May as Perenco and Cepsa started production at their jungle fields, while natural gas and gas liquids output fell, the government said Wednesday. Crude oil production rose to 69,369 b/d from 63,833 b/d in May 2013, the Energy and Mines Ministry said…

Chile eyes use of U.S. shale gas in early 2016, ENAP says

by Fabian Cambero and Alexandra Ulmer, Reuters, July 15, 2014 (Reuters) – Chile’s state oil company ENAP said on Tuesday it would start using U.S. shale gas during the first half of 2016 via an ongoing supply contract with Britain’s BG Group Plc. Energy Minister Maximo Pacheco was quoted by local media last week as…

Chilean hydropower project unfeasible as is: Enel CEO

by Felipe Iturrieta and Rosalba O’Brien, Reuters, July 15, 2014 (Reuters) – If Chile’s proposed HidroAysen hydropower project is to move forward, it will have to be reformulated so that environmentalists and regulators do not object, one of the codevelopers of the massive project said on Tuesday. The $8 billion-plus project, a joint venture between…

Brazil eyeing Japan’s help in oil project

Agence France-Presse, via Globalpost.com,  July 20, 2014 Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, media reports said Sunday. Japanese Prime Minister Shinzo Abe and Brazilian President Dilma Rousseff will announce the use of Japanese technology in building a so-called “logistics hub” for…

Opening of Mexican Energy Sector Takes Step Forward

Senate Votes to Give Local Companies Greater Piece of Oil, Gas Projects by Juan Montes, The Wall Street Journal, July 18, 2014 MEXICO CITY—Mexico’s Senate voted Friday to give Mexican companies a greater role in energy projects under the landmark opening of the country’s oil and gas sectors, tightening the national content rules that President…

US should be ready if Petro Caribe tightens credit terms, study says

By Nick Snow, OGJ Washington Editor, Oil & Gas Journal, July 16, 2014 The possibility that Venezuela’s financial support for energy imports in the region could erode quickly makes it imperative for the Obama administration to adopt a wide range of policies to avoid an energy crisis in the Caribbean and Central America, a recent…

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