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The Canadian Province of British Columbia has issued an environmental assessment certificate for the North Montney Mainline Pipeline project to connect the shale-gas plays of northeast BC to existing and new natural gas markets, notably any LNG projects that eventually reach development on the coast.
Wartsila, the Finnish marine propulsion and energy and gas equipment maker in the LNG sector, posted a 13 percent fall in annual profits to 479 million euros ($511M) compared with553M euros the previous year.
The US Federal Energy Regulatory Commission, the permit provider for all LNG, pipeline and energy projects nationwide, has a new woman Chairman who is a Democrat from Massachusetts. She was nominated to the post by President Donald Trump after incumbent Norman Bay resigned.
TechnipFMC, the merged subsea and liquefied natural gas engineering company, said one of its subsidiaries won an offshore well services contract for the Australian Ichthys LNG project.
The newest liquefied natural gas-powered fast ferry in Europe, the “Megastar”, is starting its regular services between Helsinki in Finland and Tallinn in the Baltic state of Estonia after receiving its fuel from a truck in the Finnish capital’s West Harbour port.
The Texas Alliance of Energy Producers, the largest in the US, said upstream oil and natural gas activity in the state had come to the end of “a punishing 24-month economic contraction”, adding momentum to the state’s extensive shale-gas plays and LNG developments.
The liquefied natural gas sector will grow seven times faster than pipeline gas trading and by 2035 it will account for around half of all globally traded gas, up from the current 32 percent, according to the 2017 BP Energy Outlook.
Australian contractor Cimic, previously called Leighton Holdings, has pulled a newly acquired company out of finishing work on a power station for the Ichthys LNG export project under construction near Darwin in the Northern Territory and scheduled to come on stream in September 2017.
The North American fund management firm Parallel 49 Equity has completed the purchase of Kinetrex Energy, one of the leading liquefied natural gas fuel suppliers in the US Midwest.
The Alaskan company now in charge of the state’s liquefied natural gas export project said it was interested in buying the existing small-scale liquefaction and export plant on the Kenai Peninsula from ConocoPhillips.