LNG

Santos, the Australia stakeholder in three Asia-Pacific LNG export joint ventures, said it raised more than A$1.2 billion (US$950) after completing a share purchase plan as part of its turnaround strategy following the successful completion of an institutional placement in December 2016.

Williams Partners, the US pipeline company, said regulators have authorized the Atlantic Sunrise expansion project, an expansion of the existing Transco gas pipeline to connect abundant Marcellus shale-gas supplies with markets in the Mid-Atlantic and Southeast US where LNG export plants are being developed.

Egyptian Petroleum Minister Tarek El-Molla said the country was paying less than the global price for shipments of liquefied natural gas received in recent months from worldwide suppliers and has been extended better payment terms for future cargoes.

Nakilat Shipping Qatar Ltd, a subsidiary of Qatar Gas Transport Co., has taken back a fifth ship as part of an agreement with Shell International Trading and Shipping to return management of Nakilat’s LNG fleet to Qatari hands.