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LNG Impel of Canada announced development plans for a venture called Southern Cross LNG, which would be an open-access liquefaction plant for coal-seam gas producers in the Australian state of Queensland.
ConocoPhillips told an LNG conference in Houston that the idea of a new Alaskan LNG project to monetize 35 trillion cubic feet of North Slope natural gas reserves was dead.
Sempra LNG said its new LNG import terminal at Costa Azul on the West coast of Mexico was ready to receive commercial cargoes on behalf of itself and Royal Dutch Shell.
Canada’s Rabaska LNG project has signed a deal with Russia’s Gazprom to receive LNG volumes from the Shtokman LNG project under development in the Barents Sea.
Teekay LNG, the carrier operator of Canada’s Teekay Corp., said cash flow from LNG carrier operations rose to $35M in the first quarter of 2008 from $27.5M for the same period a year ago, reflecting the delivery of the last two RasGas II project vessels.
Portugal’s energy company Galp has signed a preliminary agreement to take a stake in an LNG liquefaction project planned in Venezuela that could eventually lead to deliveries to the Portuguese LNG import terminal at Sines.
BW Gas, the Norwegian LNG carrier owner, posted 30 percent rise in first-quarter operating profit to $26.5 million for its LNG fleet, but other shipping operations contributed to an overall drop in profits.
US Energy Secretary Samuel W. Bodman described Trindad & Tobago as a “key strategic energy partner” because of its position as the biggest producer of LNG for the US and called for more energy investment in the Caribbean nation.
Malaysia International Shipping Corp., the largest corporate owner of LNG carriers with 27 in its fleet, posted a more than 13 percent rise in fiscal fourth-quarter net profit despite higher operational costs.
StatoilHydro said there were “still uncertainties related to the timing of regular and stable operations” at its Snøhvit LNG project, Europe’s only baseload liquefaction plant and currently closed for two months of repairs.
