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ExxonMobil Corp. has decided to pull out of the planned Angola LNG project, but will continue to support the venture in southwest Africa.
Foster Wheeler Ltd. said its UK and Nigerian subsidiaries, Foster Wheeler Energy Limited and Foster Wheeler (Nigeria) Limited, in a joint venture with Chiyoda Corp. of Japan have been awarded a contract by Nigeria LNG for the Project Specification, or front-end engineering design, for the SevenPlus project.
Atlantic LNG Chief Executive Oscar Prieto said the company shipped 307 LNG cargoes from Trinidad last year, mostly to the United States.
Golar LNG, the carrier operator with a strategy of investing along the LNG chain, announced an agreement to sell its interest in a new-building being constructed at Daewoo Shipbuilding and Marine Engineering in South Korea.
BW Gas, the Norwegian-based LNG carrier owner, said operating profit in its LNG business increased significantly to $22.8 million in the fourth quarter of 2006 compared with $13.5M the same quarter a year ago because of more vessels in operation.
Höegh LNG, the Norwegian operator of a fleet of six LNG carriers of which five are wholly or partly owned, has agreed to sell the “Höegh Galleon” to a Canadian-based joint venture called Maverick LNG Holdings Ltd.
Quoddy Bay LNG, which is planning an LNG terminal in the US state of Maine, has written to the US Secretary of State Condoleeza Rice to raise concerns about statements from Canada about LNG carriers using territorial waters on the US-Canadian border.
Quoddy Bay LNG said it would continue to move forward with the development of a liquefied natural gas import and regasification facility in Washington County, Maine.
Two new $450-million US LNG terminals to be located adjacent to one another in the state of Mississippi, and which could supply more than 3 billion cubic feet of regasified LNG per day, have been approved by the US Federal Energy Regulatory Commission.
The global LNG industry is facing new risks and uncertainties such as unprecedented tightness of supply and new sources of volatility in the market, the Chief Executive of Australia’s Woodside Petroleum, Don Voelte, told a conference in Houston, Texas.
