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The Snøhvit partnership that has completed Europe’s first industrial-scale LNG plant has decided to cease all work relating to oil development at the Snøhvit field in the Barents Sea.
The head of the US Maritime Administration said he would work for an American presence in LNG shipping by establishing a fleet of carriers and increasing the number of US officers.
LNG imports to the US from Trinidad & Tobago have been reduced in recent months because of maintenance work at Atlantic LNG, but the Caribbean nation is now reacting to a more long-term problem after a report said its reserves of currently exploitable natural gas could run out in 12 years.
Statoil said it began production of liquefied natural gas at the Hammerfest plant of the Snøhvit LNG project in northern Norway.
BG Group is apparently being advised by the Italian government to withdraw from its Brindisi LNG project in southern Italy and to join another LNG venture planned for the port of Taranto.
US LNG development plans have received a boost with the approval by the Federal Energy Regulatory Commission of the Calhoun LNG project in Texas and the go-ahead for a big expansion of the Elba Island LNG terminal in Georgia.
Cheniere, the US LNG company developing three import terminals in the Gulf of Mexico and with a stake in a fourth, has secured a $100 million loan and credit facility for its marketing unit from French bank BNB Paribas.
The LNG market is projected to grow faster than historical or future global energy demand and there is enough natural gas to allow this to happen, a Chevron executive told an Asia-Pacific energy conference in San Diego, California.
Mexico’s state power company CFE said it chose Spanish LNG player Repsol to supply the planned Manzanillo LNG import terminal under a 15-year contract as the country continues to build up its LNG infrastructure.
SBM Offshore, the Dutch-based parent company of several LNG technology firms, said it expects the first sale of its production facility, called an LNG FPSO, within 18 months, and also announced a development partnership with Germany's Linde.
