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Gazprom, the Russian natural gas company and LNG industry player, has had its credit rating raised because it's so close to the government it would be likely to receive “extraordinary state support in case of distress.”
Tohoku Electric Power, the utility based in northeast Japan, said it signed a contract to import LNG from the BP-led Tangguh project in Indonesia.
Linklaters, the international law firm, said it advised Spain’s Repsol and Canadian company Irving Oil in the just completed US$1.1 billion financing round for the planned Canaport LNG project on the East Coast of Canada.
Qatar Gas Transport Co. (Nakilat), the state-controlled liquefied natural gas carrier company, said it plans to raise up to $4.3 billion from various sources to fund the building of 16 LNG carriers.
Wednesday, 29 November 2006
Iberdrola, Spain's No. 2 energy company and one of Europe’s biggest LNG buyers, said it has agreed to buy Scottish Power of the UK in a deal worth 17.2 billion euros ($22.6Bln) to spread its customer reach in the Atlantic Basin.
Malaysia Marine & Heavy Engineering (MMHE), a unit of Malaysia International Shipping Corp. (MISC), said its Pasir Gudang shipyard now has the capacity for LNG carrier drydocking and refurbishment.
Technip, Europe's leading LNG engineering firm, saw its shares drop Monday after Italian energy company ENI said it wasn’t planning to bid for the French company.

Excelerate Energy, the US market leader in using specially adapted LNG carriers as import terminals, has chosen RWE, Germany's second-largest power company, to market the LNG Excelerate plans to import into the UK from January.

Technip, Europe's leading LNG engineering firm, saw its shares jump Friday amid speculation it could merge with Italian rivals Saipem and Snamprogetti to create a world leader in LNG plant and terminal construction.

Woodside Energy, the Australian liquefied natural gas producer, said it has a taken stakes in nine exploration blocks in the Santos Basin off southeastern Brazil.