BCC News
Cryogenic News-Clips is intended as a service to BCC members and visitors to the BCC website, providing an alert & drawing their attention to cryogenic stories carried in the media
JUNE
http://www.ft.com/cms/s/34fbf112-8d39-11e0-bf23-00144feab49a.html
- Jun 2 Russia’s Gazprom Agrees to Supply LNG to India
In another development in the gas market involving LNG, Gazprom has entered 25 year commitments to supply up to 7.5m tonnes to three Indian energy companies for a period of 25 years. More detail at
http://www.ft.com/cms/s/97996190-8d13-11e0-815d-00144feab49a.html
MAY
- May 31 LNG Tankers Looking Up
Around one third of the world’s 300 LNG carrying ships were laid up a year ago, thanks to the glut of shale gas in the US. The aftermath of the March 11 earthquake in Japan has however boosted recovery in the market, with shipbuilders like Hyundai reporting a surge in orders - 13 placed worldwide since March. More detail at
http://www.ft.com/cms/s/0/726baede-8b90-11e0-8c09-00144feab49a.html#axzz1NmQldczc
- May 30 Elsevier’s Top 25 Articles in Cryogenics
This quarterly league table once again spans an amazing range, from cryogenic turning & treatment of alloys & steels to material properties of copper & composites. One item features 3 BCC members - see abstract from Oleg Kirichek, Beth Evans & Richard Down on p13. More detail at
http://elsevier.dmdelivery.com/x/?S7Y1_p9ra2b2v8jW0NTc2Nzgf46tkYExAAD15
- May 20 Shell Makes LNG at Sea
At an estimated $10 bn, Shell has approved the Prelude LNG project in Australia, with the world’s first large, floating LNG plant, weighing in at 600,000 tonnes. Moored 200 km offshore, it will produce 3.6m tonnes of LNG a year. See also p12. More detail at
http://www.shell.com/home/content/media/news_and_media_releases/2011/fid_flng_20052011.html
- May 11 AP Moller Maersk Selling LNG Division
AP has the world’s largest fleet of container ships, and an LNG division with 8 carriers. With increased demand from Japan, and reactivation of ships, AP is taking the opportunity to sell. More detail at
http://www.ft.com/cms/s/0/dd8535e4-7bf2-11e0-9b16-00144feabdc0.html#axzz1M9hkwjXX
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- Apr 6 Oxford Instruments Exceed Expectations
Strong markets, efficiency improvements and positive forex trends have apparently contributed to good results for Oxford Instruments in the year to March 31. Preliminary results are due out on June 14, with adjusted PBT expected to be not less than £25m.
More detail at
http://www.oxinst.com/News/Lists/News%20Items/DispNews.aspx?id=140
MARCH
- Mar 30 Golar LNG IPO
The initial public offering on the stock market of Golar LNG Partners, which stores liquefied natural gas, was structured to pay a high yield to investors and saw shares up 11% by midday on day one of trading. More detail at
http://www.golarlng.com/index.php?name=index.html
- Mar 25 Superconductivity in Fusion
Gem of a piece on the ITER website by Neil Mitchell, Head of the ITER magnet division. Construction of the
ITER magnets
will use 500 t of Nb3Sn and 250 t of NbTi, cooled with supercritical helium flowing at kilograms/second. The ITER magnets have dimensions about two orders of magnitude larger than the first superconducting device in 1965. See also p9.
More detail at
http://www.iter.org/newsline/169/single#story_651
- Mar 21 More UK Gas Storage ?
David Blair in the FT suggests security of gas supply ended in 2003 when the UK became a net importer. The government has identified storage as a strategic priority calling for fourfold expansion, while LNG imports undermine the commercial case. More detail at
http://www.ft.com/cms/s/0/084d21fc-50fa-11e0-8931-00144feab49a.html#axzz1H91ouTwM
- Mar 3 Total and Novatek
French company Total has done two deals with Novatek, Russia’s biggest independent gas producer. As well as taking 12% of Novatek, Total has bought 20% of Yamal, an ambitious LNG project due to start production in 2016. More detail at
http://www.ft.com/cms/s/0/6b8206b8-4572-11e0-bc94-00144feab49a.html
- Mar 1 Magnetically Coupled Cryogenic Pump at NASA
NASA’s Kennedy Space Center has determined suitable new bearing materials for cryogenic pumps used for propellant loading, where historcally bellows mechanical seals with oil bath bearings have been used, both of which can require high maintenance.
More detail at
http://www.techbriefs.com/component/content/article/9441
FEBRUARY
- Feb BCGA Annual Conference April 7
This annual one-day gathering of the British Compressed Gas Association took place this year on April 7th at the Worsley ParkMarriott near Manchester. More detail at
http://www.bcga.co.uk/preview/images/conf/2011/2011%20ANNUAL%20CONFERENCE%20FLYER.pdf
- Feb 24 Gasmedi in Zaragoza
Gasworld reports on a new facility comprising a Cosmodyne air separation unit, making liquid oxygen to medical grade standards, with a six-vessel tank farm. More detail at
http://www.gasworld.com/news.php?a=5500&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gasworld-FreeNews+%28Gasworld+-+Global+Industrial+Gas+News%29&dm_i=3E5%2CDIQD%2C743EE%2C12K3D%2C1
- Feb 23 Qatar LNG for Isle of Grain
Qatar supplied 15% of the UK’s gas in 2010; this could rise to 50% by 2025 according to Centrica, who have just signed a three-year agreement to import 2.4m tonnes of LNG pa via the Isle of Grain. More detail at
http://www.ft.com/cms/s/0/d1d515f8-3f38-11e0-8e48-00144feabdc0.html#axzz1FA6zTTvU
- Feb18 Gazprom Likens Shale Gas to Internet Bubble
Export Chief Alexander Medvedev told the FT he expected Gazprom to supply 10% of the US gas market by 2020, partly with LNG from the technically challenging Shtokman field in the Arctic from 2017. More detail at
http://www.ft.com/cms/s/0/0a95aacc-3af4-11e0-8d81-00144feabdc0.html#axzz1EOr27vs9
- Feb 15 Airgas Gets Away
Following a lengthy tussle in the Delaware courts, Air Products withdrew its offer to acquire Airgas. More detail at
http://www.airproducts.com/PressRoom/CompanyNews/Archived/2011/15Feb2011b.htm
- Feb 13 Is Cheap Gas a Friend of America ?
The depressed price of gas engendered by the shale gas boom is encouraging gas - at a heavy price in future. Capital cost of LNG liquefaction has gone from $400 to $1000 per tonne pa over the past decade. More at
http://www.ft.com/cms/s/0/d864d660-3614-11e0-9b3b-00144feabdc0.html#axzz1DrKhWnhO
- Feb 11 Elsevier Top 25 Hottest Articles in Cryogenics
The Q4 2010 league table included cryocoolers, heat exchangers, material performance (including PEEK), MRI, cryosurgery, superconducting generators, insulation, LNG and cryotreatment. Quite a range. More detail at
http://elsevier.dmdelivery.com/x/?S7Y1_p9ra2bwv8jW0sDcwuJ.jq2hpSUAU00
- Feb 3 What a Whopper
The new HT 1000 LNG storage tank from Chart-Ferox holds one million litres. With a diameter of nearly 6 metres, length of 48 meters, 8 bar g working pressure and weight of 212 tons these may be the largest shop built vacuum insulated tanks in the world.
More detail at
www.chart-ferox.com
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