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Sonatrach, the Algerian energy company and LNG pioneer, said it signed a deal with Houston-based KBR for the US company to construct a new Train at the Skikda LNG plant costing $2.88 billion.
Distrigas, the Franco-Belgian owner of the US LNG terminal at Everett, Massachusetts, may be sold to Electricte de France by energy group Suez to allow the completion of the $120 billion merger between Suez and Gaz de France.
Enel, the largest Italian power company and third-biggest in Europe, said it completed its acquisition of a 90 percent stake from another Italian company, Nuove Energie, in a liquefied natural gas terminal planned at Porto Empedocle on the island of Sicily.
BP Shipping has taken delivery of the “British Emerald” LNG carrier, which with capacity of 155,000 cubic metres, is currently the largest vessel of its type in the world.
Chart Industries Inc. said its energy unit was awarded orders totaling more than $100 million from Energy World Corp. to supply processing equipment for projects in Asia.
Dana Gas, the Middle East's first regional private-sector natural gas company and with LNG potential, said its shareholders approved the selling of convertible Islamic bonds worth $1 billion.
Ras Laffan Liquefied Natural Gas Co. of Qatar signed a 20-year LNG sale and purchase agreement with India’s Petronet for about 1.25 million tonnes per annum of additional supply that is likely to be sold into the Indian natural gas market at an initial loss.
McDermott International Inc., whose J. Ray subsidiary is a leading LNG engineering firm, announced that both major corporate credit rating services, Standard & Poor's Ratings Services and Moody's Investors Service, had recently upgraded their respective ratings of McDermott and its rated affiliates.
Mustang Engineering, the US LNG firm based in Houston and which is a unit of the UK’s Wood group, said it was awarded a US patent for its LNG Smart Horizontal Storage Tanks.
National Grid, the UK owner of the Grain LNG terminal, said it had embarked on a major hiring programme for engineers, technicians and support staff as it carries out an expansion costing more than $600 million.
