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Spanish energy company Endesa is building up its liquefied natural gas fueling business and has just opened up a new station to service several more towns in Spain.
A more fluid Asian LNG pricing market can be expected to emerge in the years ahead, according to one of the Asia-Pacific region’s prominent energy investment and fuel-buying groups.
Energy Transfer Equity said it was still on course to make a final investment decision on the Lake Charles LNG export project in Louisiana with new partner Royal Dutch Shell and the facility could be in operation by 2020.
Origin Energy, a stakeholder in the Australia Pacific coal-seam-gas-to-LNG plant in Queensland, has signed a preliminary agreement with China’s ENN LNG Trading Co. for the supply of 500,000 tonnes per annum for five years.
Three LNG carrier fleet owners, Golar LNG, GasLog and Dynagas said their pooling arrangement aimed mainly at the spot market had initiated dialogue on “innovative chartering arrangements.”
Energy World Corp. said it was aiming to complete the first LNG import terminal in the Philippines by December 2016 as it outlined its strategy for the facility.
KBR Inc., the Houston-based US energy and LNG engineering company, has posted strong fourth-quarter earnings after previously overhauling the business after a previous loss of over $1 billion.
Hoegh LNG posted a quarterly loss of $33 million for one-off charges linked to its pulling out of the floating liquefaction plant production hull sector, though its latest financing deal proves the industry is still highly bankable.
LNG Ltd., the Australian developer of two North American liquefied natural gas ventures in the US state of Louisiana and the Canadian province of Nova Scotia, said it would expect to proceed with at least one of the ventures by 2018.
MEO Australia, the developer of the postponed Tassie Shoal LNG project in the Timor Sea, continues to push ahead with its preferred operations in Cuba and has just raised funds from a London-listed company through a private placement of shares.