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India's main natural gas transmission company, Gas Authority of India (GAIL) is the buyer of the second shipment of LNG from Cheniere Energy Inc.’s Sabine Pass plant in Louisiana in a transaction that makes it the first Asian importer of US shale gas.
Asia-Pacific LNG stakeholder Santos of Australia has just overhauled its executive team as new Chief Executive Keven Gallagher puts his stamp on the company for the challenges of the oil price slump.
Bangladesh Oil and Gas Corp. (PetroBangla) has signed a user agreement with Excelerate Energy for the Floating Storage and Regasification Unit the US company will deploy as Bangladesh’s first import terminal.
Delek Group, the largest Israeli energy operator in the East Mediterranean with stakes in the Tamar and Leviathan natural gas fields and LNG project plans, said the Tamar field reached peak production with record sales to Israel of 8.3 billion cubic metres in 2015, three years after coming on stream.
Texas LNG Brownsville, the medium-scale export project located on the Gulf Coast, has filed its permit requests with US regulators for a liquefaction plant to be built in two phases and to produce 4 million tonnes per annum by 2020.
The Asia-Pacific region and the broader East of Suez LNG markets today represent three-quarters of worldwide demand and the areas are expected to continue leading in the growth of energy consumption due to economic expansion and development.
InterOil Corp., the Papua New Guinea liquefied natural gas plant developer and stakeholder, said momentum was building for the Oceania nation’s second project, Papua LNG, after excellent reservoir quality tests in the onshore Antelope natural gas field.
Japanese liquefied natural gas prices on an average three-monthly basis have dropped from $9.07 per million British thermal units to $8.58, still higher than the new basement price that appears to be the Japanese government’s monthly LNG spot cargo assessment.
Fluxys Belgium, the operator of the Zeebrugge LNG terminal and the Belgian natural gas transmission network, posted annual revenue slightly down as it continued to invest in LNG and natural gas infrastructure.
The oil investment company of the Arab Gulf nation of Bahrain has borrowed $570 million from Japanese and European banks to help finance the island’s first LNG import facility and to upgrade an oil refinery.