LNG

Europe's LNG imports are expected to fall for a third year in 2014 with the current UK National Balancing Point price at around just $8.70 per million British thermal units, a nine-month low and about $7.00per MMBtu below the crude oil-linked LNG price in East Asia.

Japanese utility Kansai Electric Power Co. has become the second buyer of LNG cargoes from a liquefaction tolling agreement holder at the Cameron LNG export plant being built in Louisiana.

GE, the power providers for the energy industry, signed a new seven-year global frame agreement with Petronas as the Malaysian energy company pursues multiple LNG liquefaction projects at home and abroad.

British Columbia Premier Christy Clark has signed an agreement with the federal government on LNG skills training and a relaxation of immigration to the Pacific coast province as it develops its natural gas liquefaction and export industry.