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BG Group, one of the biggest operators in the global LNG market, said fourth-quarter net profit fell 18 percent and that it expected the global shortage of LNG to persist for at least five years.
The legislature in the US city of Baltimore has voted unanimously to pass a bill aimed at preventing the development by Arlington, Virginia-based AES Corp. of an LNG terminal at Sparrows Point peninsula.
Qatar Gas Transport Co. (Nakilat), the shipping arm of the world’s largest LNG production operation at RasGas and QatarGas, has awarded a combined $2 billion worth of orders to South Korean shipbuilders to build eight LNG carriers.
Ras Laffan Liquefied Natural Gas Co. II of Qatar has resumed production from three LNG Trains after resolving some technical problem that led to a shutdown, a spokesman for the shareholders said.
ExxonMobil Corp., the partner of the Qatar LNG industry, posted the largest annual profit in US corporate history, even as its fourth-quarter net income declined by 4 percent compared with the same quarter a year ago.
Royal Dutch Shell Chief Executive Jeroen van der Veer said the company’s hydrocarbon production was underpinned by growth in LNG as the company posted a more than 20 percent rise in fourth-quarter profit to $5.3 billion compared with $4.4Bln in the same period a year ago.
Suez Energy said its Neptune LNG project received a deepwater port licence from the US Maritime Administration to build and operate an offshore import terminal in Massachusetts Bay, making it the first LNG project on the US East Coast to receive approval.
Royal Dutch Shell and Repsol of Spain have apparently signed an initial upstream services agreement with Iran for 25 percent each in the $10-billion Persian LNG project, though a final investment decision is still a year away.
Gazprom, the Russian natural gas monopoly, has written to companies such as Chevron Corp. and ConocoPhillips with a view to inviting them to be sub-contractors on the Shtokman LNG project in Barents Sea.
Emerson Process Management, the provider of process management services, said it was awarded a contract from Atlantic LNG of Trinidad & Tobago to analyze the economic and operating performance of additional equipment at the Point Fortin liquefaction plant.
