Japanese electric utilities consumed 4.84 million tonnes of liquefied natural gas in February compared with 5.19MT the previous month, a plunge of almost 7 percent, according to the Federation of Electric Power Companies of Japan.
Developers of a US export project in Texas at the port of Brownsville have started the regulatory permitting process with the US Federal Energy Regulatory Commission and have also increased the area of the planned construction site in the port area.
An LNG import-export project in the US northeast state of Maine was awarded an export permit for Free Trade Agreement countries such as those in the Caribbean and Latin America.
The Canadian Environmental Assessment Agency is seeking more information from the Pacific NorthWest LNG project, led by Malaysian energy company Petronas, in relation to salmon habitat protection measures that are already substantial and have led to the tanker terminal being moved.
The main liquefied natural gas full-containment storage tank for the planned LNG import terminal in Finland called Manga LNG has awarded storage tank contracts.
IM Skaugen, the Norwegian operator of LNG carriers and other vessels, said it was seeing encouraging signals of improvement in its core operating market for short-haul LNG transportation in Northwest Europe and petrochemicals shipments.
Gulf LNG, the existing import terminal to be transformed into an export plant near the city of Pascagoula in Mississippi by a unit of US pipeline giant Kinder Morgan, has filed a report on its plans as part of the regulatory process.
Breitling Energy Chief Executive Chris Faulkner, known as the “Frackmaster’ because of his unstinting support for hydraulic fracturing in shale plays to give America a natural gas surplus, pending LNG exports and huge new oil resources, is the most sought-after energy conference speaker.
Wood Mackenzie, the Edinburgh-based energy and LNG consultants, is to be acquired for $2.8 billion by Nasdaq-listed Verisk Analytics Inc. from the current owners, US equity fund Hellman and Friedman and other shareholders.
The average price of LNG spot cargoes imported into Japan last month was $10.70 per million British thermal units compared with $13.90 per MMBtu in January 2015, a drop of $3.20 per MMBtu, because of the fall in oil prices.