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Daily News (16509)

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Gas Authority of India (GAIL), one of India's main liquefied natural gas importers, said quarterly income dropped by about 10 percent to 137.08 billion rupees ($2.05Bln) from 151.09Bln rupees in the previous quarter as it continued to face opposition to an LNG terminal pipeline connection.
The Baltic region of Europe is pushing ahead with more liquefied natural gas use in shipping as Estonia saw work progress on an LNG-powered ferry at the Meyer Turku shipyard in Finland.
Ghana National Petroleum Corp. and Quantum Power, the pan-African energy infrastructure investment firm, signed an agreement setting out terms for the construction and operation of LNG storage, regasification and delivery facilities at the port of Tema.
Chiyoda Corp., one of the leading LNG companies, said it was awaiting a final investment decision on building a liquefaction plant in the southeast African nation of Mozambique as its contract backlog remained high through awards in North America, Russia and Japan.
Fluor Corp., the US LNG and energy engineering company, was awarded the contract for another phase of the Cutbank Ridge project as part of the long-term development of natural gas resources in northeast British Columbia that will eventually underpin LNG production plants.
The average price of spot liquefied natural gas imported into Japan that arrived in January was $7.90 million British thermal units compared with $13.90 per MMBtu in the year-ago period.
Goldboro LNG has become the second export project in the Canadian Atlantic coast province of Nova Scotia to receive all its US regulatory approvals to use feed-gas from across the border, process it and export it to third countries.
US pipeline and terminal operator Kinder Morgan has received the go-ahead for its Elba Island liquefied natural gas export plant at an existing import terminal near Savannah in the state of Georgia and in which Royal Dutch Shell was previously a partner.
US developer Venture Global LNG said it signed a sales and purchase agreement with Shell North America for one million tonnes per annum of LNG from its  export project at Calcasieu Pass in Louisiana, one of two it is building on the US Gulf Coast.
The Bear Head liquefied natural gas export project in the Canadian Atlantic coast province of Nova Scotia has become the most permitted LNG venture in the western world, with 10 permits from Canada and two from the US and only the federal government in Ottawa could now stand in its way.