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Oil Search, a Pacific-based company, and BG Group of the UK have called off plans for an LNG project in Papua New Guinea because of progress being made on an alternate venture run by ExxonMobil Corp.
AES Corp.’s planned Sparrows Point LNG import terminal near the US city of Baltimore faces delays after the Federal Energy Regulatory Commission said the developers would have to come up with a new pipeline plan.
Indonesia is expected to extend the period of its LNG exports to Japan for another 10 years but at a much reduced level after the current contract expires in three years.
Gas Natural, the Spanish LNG player, has tried to push forward two LNG terminal projects it has in Italy by choosing Italian company Snam Rete Gas to construct pipelines linking the terminals planned for the ports of Trieste and Taranto to Italy's national grid.
LNG production at current levels would only be able to satisfy less than half the global demand anticipated by 2015, Woodside Petroleum Chief Executive Dan Voelte told a conference in Tokyo.
BG Group, the LNG portfolio player which has been the subject of takeover speculation this week, has suggested that Alaska’s huge North Slope natural gas reserves could be turned into LNG and traded in the Pacific Basin.
Emerson Process Management, the flow instrumentation and system developer, said it was set to deliver its Rosemount Tank Gauging system to the Qatargas II LNG project.
Russia’s $20-billion Sakhalin II LNG project, which comes on stream in about eight months, is expected soon to act on an expansion plan to raise annual LNG production capacity by at least 7 million tonnes per annum.
ENI of Italy said it signed a wide-ranging agreement to consolidate its partnership with Libya National Oil Corp. that will see the Libyans build a new LNG production plant and boost oil and natural gas exploration and production.
GDF SUEZ, the new French energy giant that will be created from the merger of Gaz de France and Suez in early 2008, has pledged to accelerate its development of natural gas activities such as LNG and to boost LNG supplies.
