European natural gas and LNG prices were under $6 per million British thermal units on ample supply while US New York Stock Exchange natural gas futures were below five-year average prices because of production growth, record storage levels and warmer weather.
Energy Transfer Equity, lead developer of the US Lake Charles LNG export project in Louisiana, said the venture would definitely go ahead and described it as one of the most attractive projects around for itself and both Royal Dutch Shell and BG Group.
Japanese energy company and LNG project developer, Inpex Corp, has completed the laying of the longest subsea pipeline in the Southern Hemisphere in 16 months to bring feed-gas to the Ichthys liquefaction plant near the northern Australian port of Darwin.
The state of Alaska can now move forward with its LNG project after both houses in the state legislature approved a bill granting funds to administer the venture and for a bigger state share.
French LNG player and utility Engie, which most recently signed a supply contract with the Sabine Pass US export plant, said nine-month revenues plunged more than 38 percent at its Global Gas and LNG division as Yemen deliveries were halted and Asian prices tumbled with oil.
Royal Dutch Shell's second liquefied natural gas-powered offshore supply vessel "Harvey Power" has taken to the water in the US Gulf of Mexico and will serve platforms operated by the Anglo-Dutch company.
Golar LNG has signed a firm contract to provide a Floating Storage and Regasification Unit (FSRU) to support cargo imports by the West African nation of Ghana and backed by Nigeria.
A leading UK maritime security company, Maritime Asset Security Training (MAST), which has provided armed security for ships on main LNG carrier routes, has been granted associate membership of the Baltic and International Maritime Council, recognizing its commitment to the evolution and enforcement of standard industry practice.
The governor of the US state of Alaska has expressed his gratitude to the state senate for taking action to advance the Alaska LNG project by passing a special bill to take over assets.
Hawaii Gas, with operations on six islands of the US state, is planning to award contracts within months under its plan to import liquefied natural gas, possibly using a floating import facility.