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California Governor Arnold Schwarzenegger announced that while liquefied natural gas still has a role to play in the state's energy future, he rejected Australia-based BHP Billiton's proposed offshore LNG receiving terminal project, Cabrillo Port, on the basis that it failed to meet environmental standards.
The month of May 2007 is expected to see a record set for the amount of LNG delivered into the United States, the US Federal Energy Regulatory Commission said, because of the wide differential between natural gas prices in the US and Europe.
National Grid, the UK natural gas transportation company, said it plans to proceed with a £310 million ($613M) project to boost capacity by 50 percent at its Isle of Grain LNG import terminal southeast of London.
Centrica, whose British Gas unit is the UK’s biggest domestic supplier, said it secured additional import capacity at National Grid’s Isle of Grain LNG terminal southeast of London from the end of 2010.
The US Coast Guard issued a final ruling establishing a permanent security zone around the Elba Island LNG terminal in Georgia, where the UK’s BG Group and Royal Dutch Shell have delivery capacity.
RasGas Co., the Qatari LNG producer, said it added another tanker to its fleet of LNG carriers when it took delivery of the “Al Jassasiya” from Daewoo Shipbuilding and Marine Engineering Co. of South Korea.
Technip, the French LNG engineering and construction contractor, said first-quarter net profit surged to over 68 million euros ($92M) from 25.3M euros a year ago as onshore and downstream revenue improved but order intake and backlog dropped.
Teekay LNG Partners said it launched a share sale of 2 million common shares to investors in a public offering.
BW Gas, the LNG carrier operator, posted an 18.5 percent fall in first-quarter operating profit before depreciation and disposals to $66.4 million compared to $80.8M in the same three months a year ago as rates decreased.
Malaysia LNG, a unit of state-owned energy company Petronas, has signed a deal to supply up to 420,000 metric tonnes per annum of LNG to Japan's Shikoku Electric Power Co.
