LNG

Woodside Petroleum, the operator of two Australian LNG plants and a shareholder with Chevron Corp. in the Kitimat LNG venture in Canada, has entered into an agreement to issue US$1 billion in corporate bonds into the United States bank-to-bank market as a show of financial strength amid the oil price slump.

GDF-Suez, the French utility and liquefied natural gas and energy player, said earnings before tax and depreciation from its global gas and LNG business rose almost 11 percent last year to 2.2 billion euros ($2.5Bln) because of strong LNG activity in Europe and Asia, partially offset by the fall in prices in the…

Hoegh LNG, the Norwegian carrier owner and provider of floating regasification vessels as import terminals for nations from Egypt to Lithuania, posted a fourth-quarter loss before tax of $56.4M because of one-off charges.

The US liquefied natural gas export plant scheduled to be first on stream, the Sabine Pass project in Louisiana with nameplate capacity of 27 million tonnes per annum, is now 83 percent complete as regards the commercial start-up of the first processing Train set for February 2016.