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Japanese and other Asian LNG importers will benefit from three advantages emanating from the recent Russia-China pipeline natural gas supply agreement.
The Leviathan natural gas and LNG project in the East Mediterranean, led by Noble Energy of the US and subsidiaries of Israel's Delek Group, has signed a preliminary agreement with BG of the UK to supply feed-gas for Egyptian LNG.
Excelerate Energy, the US floating LNG developer, has signed an agreement to set up an LNG import terminal for Bangladesh near an island in the Bay of Bengal.
Prices for delivered LNG from Australia into the Northeast Asian market largely increased in the first part of 2014 as Japanese delivered cargoes rose from US$16.4 a gigajoule (US$15.5 per million British thermal units)  to US$17.6  a gigajoule (US$16.6 per MMBtu), according to the latest official figures.
The US House of Representatives has approved legislation to speed up the approval process for LNG export projects and supporters also urged the Senate to pass the bill into law.
Inpex Corp., the Japanese Asia-Pacific LNG project developer, said its Australian Ichthys LNG venture has made significant progress as it logged the 50 per cent completion mark.
With the world's first coal-seam-gas-to-LNG plant scheduled to come on stream in the fourth quarter of 2014 in Australia, the Asia-Pacific country with untapped CSG reserves, Indonesia, has already discussed future LNG ventures with energy majors and most recently Japan.
Golar LNG Ltd., a unit of the fleet operator of LNG carriers and regasification vessels controlled by Norwegian shipping tycoon John Fredriksen, priced an offering of 11 million shares at $54 per share to raise $594 million to include funding of a carrier conversion to a liquefaction hull.
The US House of Representatives is expected to vote on Wednesday on the Domestic Prosperity and Global Freedom Act to ease the development of LNG export projects to supply America's allies with natural gas in the form of LNG cargoes.
Gasol, the LNG development company with projects in the smaller countries of West Africa and on the Mediterranean island of Malta, is holding a general meeting on July 10 to vote to end the listing of its shares on the London Stock Exchange.