LNG

A naming ceremony was held at the Hyundai Heavy Industries shipyard in the South Korean city of Ulsan for a Floating Storage and Regasification Unit called "Independence" and to be deployed in Lithuania as the first LNG import facility in the Baltic states.

Woodside Petroleum, Australia's largest LNG operator, has given more details of its East Mediterranean LNG project ambitions with a production target of up to 4.8 million tonnes per annum from a Floating LNG venture offshore Israel as well as plans to supply feed-gas to LNG plants in Egypt and Cyprus.

The Canadian province of British Columbia has outlined corporate income tax plans for the LNG industry being developed on the Pacific coast, with a maximum level of 7 percent payable once a project has recouped its capital costs, but the laws will not be voted in for at least eight months.

Louisiana LNG Energy has filed an application with the US Department of Energy to export up to two million tonnes per annum of LNG from a proposed liquefaction plant on the shore of the Mississippi River.