Exports of US LNG to Europe will not be a game changer so "I see us more as a price taker in Europe," Charif Souki, chairman and CEO of Cheniere Energy said, suggesting Russian gas will continue to dominate much of the region.
Despite the fall in global oil and gas prices, growth of LNG use in Asia's power sector is limited by coal. "Only very competitively priced LNG has a chance to beat coal in Asia," the International Energy Agency's (IEA) executive director Dr Fatih Birol told the Singapore Energy Week today.
Belgian LNG terminal operator Fluxys signed an agreement with France’s Engie, Japan’s Mitsubishi and Japanese shipping company Nippon Yusen Kaisha (NYK Line) to acquire 25 percent of a vessel that will be offering LNG bunkering services from the port of Zeebrugge in Belgium.
Sanchez Energy, the Houston-based company planning the first LNG project targeting shale-gas from the Eagle Ford play in South Texas, has posted better-than-expected third-quarter results and high production from the Catarina shale-gas wells underpinning the liquefaction plant.
Australian energy company Santos, the subject of a take-over proposal from equity funds backed by members of the ruling families of Brunei and Dubai, said its year-to-date equity share of LNG sales volumes exceeded 1 million tonnes during the third quarter.
Delek Group's natural gas and LNG development subsidiaries said their schedule for additional test drilling offshore Cyprus has been postponed until May 2016, which is also the date of the expiry of the validity of this petroleum asset.
The first US liquefied natural gas project being built at Sabine Pass in Louisiana to take advantage of the nation's shale-gas surplus to export cargoes is still on track to load the first shipment around year-end.
Crowley Maritime Chairman and Chief Executive Tom Crowley has given an update on his company's LNG-powered newbuilds which have now had their fuel tanks installed.
Japan, the nation with the largest liquefied natural storage capacity in the world at its 35 import terminals, has analysed recent moves by the European Union to improve its natural gas and LNG storage situation and make it more flexible.
Alaska Governor Bill Walker and members of his energy team said they would host a briefing for lawmakers and the general public on October 24 in the capital Juneau ahead of a 30-day special legislative session called to decide issues related to the Alaska LNG project.