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Woodside Petroleum said it held a formal signing ceremony in Sydney for multi-billion dollar deals for the sale of LNG to Japan and for Japanese companies to take stakes in the Pluto LNG venture.
Golar LNG, the carrier owner and downstream project participant in Brazil, Italy and Cyprus, reported quarterly net income of $89.6 million and said revenues were hit by the drydocking of vessels.
Fluxys, the Belgian-based natural gas transporter, trading facilitator and owner of the Zeebrugge LNG terminal, said consolidated net profit for the first half rose to 42 million euros ($57M) from 40.5M in the same period a year ago.
Daewoo International Corp., the South Korean trading and overseas investment company, said its natural gas finds offshore Myanmar, formerly Burma, have officially been confirmed as amounting to at least 5 trillion cubic feet – 10 times South Korea’s annual LNG consumption.
Woodside Petroleum, the operator of Australia’s North West Shelf LNG venture, said first-half profit rose more than 16 percent to A$610 million (US$490M) and capital expenditure jumped 30 percent to US$1 billion in the six months as spending increased on the planned Pluto and Browse LNG projects.
Statoil, the Norwegian operator of Europe’s first baseload LNG plant, said its Snøhvit LNG venture delivered its first natural gas from the Barents Sea field to the liquefaction facility at Hammerfest in northern Norway.
Japanese Prime Minister Shinzo Abe signed an economic partnership agreement with Indonesia during a visit to Jakarta that will attempt to stabilize LNG supplies to Japan.
The Bradwood Landing LNG import project on the Columbia River in the Western US state of Oregon has passed the first part of the US environmental permitting process.
Hurricane Dean is expected to miss the US natural gas producing region of the Gulf of Mexico and will have little impact on LNG deliveries, though heavy weather is forecast offshore and the hurricane could make a landfall in southern Texas by Thursday.
Petronet LNG of India has secured almost $170 million in a soft loan package from the Asian Development Bank and the German Development Bank, KfW, for expansion of its receiving terminal at Dahej in the western Indian state of Gujarat.
