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A global shipping organization and a body representing LNG importers are together providing parties in the LNG sector with greater commercial flexibility by developing a voyage charter party specifically designed for the carriage of LNG.
Free ReadThe Gorgon liquefied natural gas project in Western Australia, already the costliest in the world at $US54 billion, could face further delays to its completion schedule because of strikes called by workers at the offshore Barrow Island site. Trade unions have threated strike action by September 4 if current negotiations on…
Steelhead LNG, the Canadian First Nation-run project development company planning two Vancouver Island export ventures, has signed a pre-construction agreement with US pipeline company Williams for the design and regulatory approvals for its Island Gas Connector Project.
A Canadian LNG export project in Quebec, backed by two California-based equity funds, has been granted a 25-year permit to export 12.5 million tonnes per annum of cargoes from the east coast province.
Delek Group, the Israeli company involved in East Mediterranean natural gas and LNG projects, boosted operating profit on higher volumes as it also moved forward on a Cyprus venture.
Japanese and Chinese energy companies are teaming up in Canada to improve prospects for liquefied natural gas projects going forward by starting a joint study on the best technologies to use to access resources in the shale-gas basins of the Canadian province of British Columbia.
Energy World Corp., the Australian-listed liquefied natural gas development and energy company building an LNG import terminal in the Philippines and a liquefaction plant in Indonesia, continues to generate income in Asia, though it owes more than US$400 for engineering services.
Italian energy company Eni, with liquefied natural gas interests in seven countries, may resume production from Egypt after making a world-class natural gas discovery offshore the Egyptian coast.
Though Shell's acquisition of BG is creating the world's largest LNG seller, Wood Mackenzie believes that regardless of the Tepco/Chubu merger, the buy-side is getting more fragmented.
Project developer Octopus LNG SpA is advancing Chile's first FSRU project that will regasify LNG for power generators and industrial users through its project Terminal GNL Penco-Lirquen.