The Gulf kingdom of Bahrain said it had received project financing of $740 million and was proceeding with the development of its first liquefied natural gas import facility, scheduled to come on line in early 2019.
Delek Group of Israel and Noble Energy of the US said they had taken a final investment decision to proceed with the Leviathan natural gas project offshore the Israeli coast in the East Mediterranean that will come on stream in 2019 and cut the LNG requirements for neighbour Jordan.
Italian energy company Eni has agreed to sell a 30 percent stake in Egypt’s East Mediterranean offshore Shourouk block containing its world-class Zohr natural gas field that is expected to impact the regional LNG market when it comes on stream in late 2017.
Qatar, the world’s largest liquefied natural gas producer, said it would merge its two production companies Qatargas and RasGas Co Ltd, and consolidate all activities under the Qatargas banner.
Fluxys Belgium, the operator of the Zeebrugge import and regasification terminal on the Channel coast, has successfully received a full-sized vessel at its second jetty as part of operational testing for the new facility.
Japan said the average price of liquefied natural gas spot cargoes contracted in November for deliver to the country was $7 per million British thermal units, a rise of $0.90 per MMBtu from the previous month but lower than a year ago.
The Mexican liquefied natural gas import terminal at Manzanillo on the Pacific Coast has been attracting its most cargoes ever with shipments arriving recently from the US Sabine Pass plant as well as from Peru and Trinidad.
Malaysian energy company Petronas said the world’s first floating liquefied natural gas production plant has produced its first LNG from feed-gas at the Kanowit field located 180 kilometres offshore Sarawak and the first commercial cargo will be lifted in early 2017.
JGC Corp., the Japanese engineering company specializing in LNG projects, said it received an order for the construction management and completion support services for the Prelude floating production project of Royal Dutch Shell and Inpex Corp. of Japan.
National Grid, the UK transmission network operator and liquefied natural gas terminal owner, has signed an agreement to sell 61 percent of its British pipelines business for around $10.6 billion to a consortium led by the infrastructure unit of Australian bank Macquarie and other investors, including the state of Qatar.