LNG

The Italian Cost Guard and OLT Offshore LNG Toscana, the cargo importer and operator of a floating import terminal offshore the city of Livorno, have held a successful industry gathering to explain future policy and strategies on liquefied natural gas fuel and safety.

One of Australia’s most respected energy company chief executives, Grant King of Australia Pacific LNG joint venture partner Origin Energy, said the project in the state of Queensland probably over-stretched the company’s resources, though was now performing better than expected.

Oil Search, the Australia-listed company that lost a takeover battle for the Papua New Guinea LNG asset holder InterOil to ExxonMobil, has explained its preference for three new production Trains centred on the existing liquefaction plant near the capital Port Moresby.

Enagas, the Spanish liquefied natural gas terminal owner and gas network operator, said industrial demand extended its positive trend during the first nine months of 2016, rising by 2.2 percent as its own net profits increased.