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The Japan Bank for International Cooperation, the nation's export-import credit agency, said it planned to lend $400 million to the Yamal LNG project in Arctic Russia because some of the production will be taken by Japanese buyers.
Wartsila, the liquefied natural gas ship propulsion maker based in Finland, said it signed a turn-key contract to supply a small-scale LNG receiving terminal to be built in the Finnish port of Raahe.
Three liquefied natural gas carrier fleet owners, Golar LNG, GasLog and Dynagas said their pooling arrangement experienced an increase in second-quarter business with 22 spot cargo voyages booked amid signs of a revival in the charter business.
Golar LNG, operator of the Floating Storage and Regasification Unit standing by to be the first floating import terminal for Ghana in West Africa, said there were currently problems regarding charter payments for the vessel.
Sovcomflot Group, the Russian fleet owner with liquefied natural gas vessels, said it had significantly increased its involvement in meeting the needs of Sakhalin Energy, the company that runs the liquefaction plant in Russia’s Far East.
Driftwood LNG, the project being developed by former BG Group executive Martin Houston and ex-Cheniere LNG Chief Executive Chafir Souki, will be headed by former London-based Cheniere Marketing executive Meg Gentle.
Awilco LNG, the Norwegian based vessel provider for traders, reported a fall in earnings as its losses widened and it sold two of its four ships while confirming its long-term commitment to the LNG business.
LNG Ltd, the Australian developer of two liquefaction and export plants in North America, posted widening losses, reflecting expenditure on advancing its projects.
Norwegian energy company Statoil, operator of the only baseload liquefied natural gas export plant in Europe at Hammerfest, aims to conduct a major exploration campaign in several parts of the Barents Sea in 2017.
Inpex Corp. said it had now started supplying regasified liquefied natural gas to Nissan Chemical Industries through the Toyama Line extension of its pipeline network.