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The projected increased flow of LNG into the United States and the rise in natural gas commodity trading has prompted Lehman Brothers, one of the biggest US investment banks, to announce the building of a new gas trading Hub in Louisiana.
The LNG17 conference will be held in the US energy business capital, Houston, the American Gas Association announced.
Poyam, the cryogenic valves maker based in northwestern Spain, has announced further contracts wins from Woodside Petroleum of Australia and from the owners of a ship being converted to an LNG floating, storage and regasfication unit.
US imports of LNG are expected to have increased by 47 percent in 2007, and are forecast to rise 19 percent in 2008, the US Energy Information Administration said in its latest short-term outlook.
Santos, the Australian energy company and LNG player, said it received a lot of interest from potential buyers from its planned Gladstone LNG project to be sourced from coal-seam gas.
As Gazprom, the Russian natural gas company and LNG developer, moves to build up new relationships in Asia, a US-based energy think-tank says in a new study that a growing “crisis of confidence” threatens Russian-European gas ties.
Gazprom and Korea Gas Corp., the world’s single largest buyer of LNG, have held talks on closer cooperation as South Korea attempts to boost its LNG supplies in a tight Asia-Pacific market.
Woodside Petroleum, the Australian LNG producer that last week signed a supply deal with PetroChina, says it has also held talks with Taiwan’s Chinese Petroleum Corp. and other potential Asian buyers.
Canaport LNG, the project in Canada that intends to send natural gas into the Northeast United States, said it would construct a third 160,000 cubic metres LNG storage tank alongside two existing tanks at its facility in Saint John, New Brunswick.
Statoil of Norway and US major ConocoPhillips may enter the Shtokman LNG project on the same basis as France’s Total, taking stakes in an operating infrastructure company to be created to implement Phase 1 of the venture in the Barents Sea.
