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Daewoo Shipbuilding and Marine Engineering of South Korea said it was awarded an order for two LNG carriers due for delivery in August 2019 and worth over $360 million to add to the multiple options sought by floating storage and regasification project company Excelerate Energy of the US.
UK major BP has agreed to acquire the upstream bio-methane portion of the fueling business established by Clean Energy Fuels Corp. of the US as part of its build-out of a network of LNG stations in North America.
Cheniere Energy, the owner of the Sabine Pass liquefaction plant in Louisiana, the first export facility on the US Gulf Coast, posted a net loss of $610 million for 2016, though forecast rising income in 2017 from the coming on stream of the third processing Train.
The US export projects being developed by Washington DC-based Venture Global LNG on the banks of the Mississippi River in Louisiana has begun its permit application process with the Federal energy Regulatory Commission.
Kinder Morgan, the US pipeline company, has taken investment fund firm EIG Global Energy (EIG) as its partner in the US LNG export project at Elba Island in the state of Georgia.
Chicago Bridge and Iron, the US energy and LNG engineering and construction company, said it was optimistic for substantial backlog growth from new projects in the US and the Middle East during 2017 after posting an operating loss in 2016.
Hoegh LNG, the Norwegian fleet owner and floating import terminal specialist, said it was operating in a positive market and posted a 2016 profit versus a loss the previous year as accelerating LNG exports were being mirrored by an increase in the number of contract awards.
Woodside Energy, the Australian liquefied natural gas plant operator, has signed an agreement with the oil and gas unit of US equipment maker General Electric to work together to support the use of LNG as a fuel in Western Australia.
Dynagas LNG Partners, the US affiliate of the Greek shipping company with a fleet of just six LNG vessels carrying some US cargoes and future Russian shipments, reported an 11 percent rise in annual net income.
French energy company Total has received 45.9 million common shares in Tellurian Inc., the development company of former Cheniere Energy Chief Executive Charif Souki and his Driftwood LNG project in return for the $206.9M investment made in Tellurian by Total in January 2017.