Californian project developer SCT&E LNG has tripled volumes in its Free Trade Application (FTA) to the Department of Energy from 4 to 12 mtpa of LNG to be exported from Monkey Island, Louisiana.
Corpus Christi Liquefaction, a Cheniere Energy's subsidiary, has agreed to sell Électricité de France about 0.38 mtpa of LNG upon startup of Train 2 of the liquefaction facility being developed near Corpus Christi, Texas. Sales will increase to once Train 3 starts operation as early as 2019.
As Asian utility buyers have covered their summer LNG demand, Qatargas is diverting more cargoes to the UK, adding length to an oversupplied market which is likely to exacerbate the 28% drop in gas prices at the NBP since April.
Regulatory findings that Kysuhu Electric Power could safely restart two Japanese nuclear reactors are expected to have merely a marginal effect on the price paid for LNG imports, analysts said. For prices to fall significantly, more of the country's 46 reactors would have to resume operations.
Australia's Hastings Funds Management will divest its 25% stake in Freeport LNG Development L.P. to specialist fund Global Infrastructure Partners, who agreed to pay $850 million - over five times more than what Hastings paid for years ago.
British Columbia supports LNG export projects as a "once in a generation" opportunity, according to Rose Klukas, Kitimat's economic development officer; but the clock is ticking as falling gas prices in Asia could close that window of opportunity.
Qatar National Bank analysts expect the Emirate's hydrocarbon production and export capacity to "continue plateauing in the medium term", amid rising domestic demand. There's little room for more Qatari volumes beyond the current 77 mtpa, as cargoes have to compete against an upswing in Australian exports and new ventures in…
Plans of Egypt's state-run energy firms EGAS and EGPC to get a for a Floating Storage and Regasification Unit (FSRU) up and running this summer have faltered, as a deal with Norway's Höegh LNG faces serious hurdles. Competitor Excelerate Energy is back on the cards as the government seeks to…
A steady downward trend of European and Asian gas prices is squeezing the economics of liquefaction and export projects as anticipated RoI is revised down along with prices.
An order for four LNG tankers to serve BG Group's Queensland Curtis LNG project has been placed with China's Hudong-Zhonghua Shipbuilding Group. All four vessels will be on 20-year time charters to Methane Services, a wholly-owned subsidiary of the BG Group.