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Petrobras, Brazil's national energy company, said its planned LNG investments and agreements would be unaffected by its announcement of a massive oil find offshore Rio de Janeiro that could move it into the top 10 of global oil companies.
Cheniere Energy said it was holding a non-binding open season for a proposed new natural gas pipeline project called the Louisiana Natural Gas Header that would link US LNG imports into the Gulf of Mexico to markets in the US Southeast.
Project delays and the high price of crude oil are contributing to a slowdown in the development of the LNG industry, senior executives said at the 20th World Energy Congress in Rome.
Tokyo Gas Co., the largest Japanese LNG buyer, said it signed a contract with Japan’s Kawasaki Shipbuilding Corp. to build its biggest LNG carrier to date at 177,000 cubic metres capacity.
The 20th World Energy Congress is taking place in Rome, with political leaders and energy company executives meeting over four days to discuss a wide range of issues, and where the liquefied natural gas industry is putting forward future strategies.
Royal Boskalis Westminster, a Dutch dredging and construction services company, said it won a contract for development work on the Brass LNG project in Nigeria.
Chiyoda Corp. of Japan, Asia’s largest LNG engineering, procurement and construction company, said first-half fiscal 2008 operating income dropped more than 15 percent to 11.4 billion yen ($100M) because of a shortage of skilled workers on contracts.
The US has done a good job authorizing increased LNG import capacity, but increased capacity does not mean increased imports, says Joseph T. Kelliher, Chairman of the Federal Energy Regulatory Commission.
Cheniere Energy reported a net loss of $53.5 million for the third quarter compared with a loss of $33M a year ago and said the final bill for the Sabine Pass LNG terminal being built in Louisiana would be about $1.5 billion.
Centrica, the UK natural gas supplier, Norway’s StatoilHydro and a Nigerian consortium development company called Consolidated Contractors Co., said they signed an agreement to assess the feasibility of developing LNG projects in Nigeria.
