Sanchez Energy Corp, the Houston-based company with previous downstream LNG ambitions, has partnered with the New York-based Blackstone equity fund group to acquire 318,000 operated acres in the Western Eagle Ford shale play in south Texas for $2.3 billion.
Japan said the average price of spot liquefied natural gas cargoes contracted in December 2016 was $ 8.00 per million British thermal units, a rise of $1 per MMBtu compared with the previous month and also higher than a year ago.
Spanish imports of LNG in December rose by more than 60 percent compared with the same month a year ago to a total of 25 cargoes received at the nation’s six operating regasification facilities.
Kosmos Energy, the US LNG project developer with assets offshore Senegal and Mauritania in West Africa and now with BP of the UK as a partner, will see New York equity funds cash in on its success by selling their shareholdings to the public after a 58 percent price surge.
UK company Ophir Energy said the Fortuna floating LNG project offshore Equatorial Guinea in West Africa remained firmly on schedule for a final investment decision in the first half of 2017.
Upstream energy projects are expected to double in 2017 while exploration and production spending will increase for the first time since 2014, according to a report from Wood Mackenzie, the global energy consulting firm.
Malta, the Mediterranean island nation and the smallest member of the European Union, has received a liquefied natural gas cargo from Spain at its floating storage unit in Marsaxlokk Bay to help complete its transformation into an LNG importer.
Japan’s influential Ministry of Economy, Trade and Industry has published a 20-page report summing up the latest views of the major players on the state and direction of the liquefied natural gas industry in 2017 and beyond.
Norwegian pipeline natural gas, the main competition to LNG in the UK and four other European markets as well as to Russian gas, has set a new record for exports in 2016 when 108.56 billion cubic metres were delivered.
Texas LNG, the midscale liquefaction and export projects planned for the port of Brownsville, has entered into its second phase of marketing after signing up some customers from Southeast Asia and China.