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The first ever LNG cargo is scheduled to be imported into the Baltic states on October 27 when Lithuania takes delivery of commissioning supplies for its regasification vessel, the "Independence".
The US will achieve energy independence by 2025, when it will be a major LNG exporter, and for the first time in over 60 years will sell more energy abroad than it buys in, according to a new analysis.
The small West African state of Gabon could be the next LNG development area as Royal Dutch Shell made a natural gas discovery this week and an African LNG developer, Ophir Energy of the UK, expanded its exploration acreage in a nation renowned for flaring gas from its oil fields.
Itochu Corp., the Japanese trading house and LNG player, has signed an agreement in Oran, Algeria, to help finance the building of up to three new LNG carriers worth about $660 million for the tanker fleet of Algerian energy company Sonatrach.
Sempra Energy held a ground-breaking ceremony at Hackberry in Louisiana where its existing Cameron LNG terminal is being transformed into a liquefaction and export plant at a cost of around $10 billion.
Parallax Energy, an LNG company founded by a former BG Group senior executive, Martin Houston, has opened its worldwide headquarters in the Texas city of the same name.
OilSearch, the main shareholder with ExxonMobil in the Papua New Guinea LNG project, said natural gas in its resource base in the Oceania nation can support at least two additional LNG Trains in PNG.
Crowley Maritime Corp., the US shipping line, said it began construction on the first of two LNG-powered, combination container, called Roll-On/Roll-Off (ConRo) ships, at the VT Halter Marine shipyard in Pascagoula, Mississippi.
Japanese LNG imports jumped 10.5 percent in September, their biggest monthly surge of the year, though the tumbling prices linked to oil have not fed through yet as importers paid an average of $847 per tonne for deliveries.
Noble Energy, the leading operator of the East Mediterranean feed-gas discoveries for LNG projects offshore Israel and in Cyprus, has elected David L. Stover as President and Chief Executive to succeed Charles D. Davidson and has also changed its senior executive team.