LNG

The Canadian Environmental Assessment Agency has allocated its first funding to five native tribes in the province of British Columbia, known as First Nations, to support their participation in the federal assessment of the planned Pacific NorthWest LNG project being developed by Malaysian energy company Petronas.

Progress Energy, the Canadian LNG project developer and an exploration and production unit of Malaysia's Petronas, has finalized the acquisition of two additional natural gas assets in the prolific Montney Shale from Canadian company Talisman Energy Inc.

BG Group of the UK said its most high-profile LNG business executive Martin Houston, Chief Operating Officer and Executive Director, has stepped down and will retire from the group by the end of the year after 30 years of service.

The European Autumn Gas Conference in Brussels has heard about the continued development of US LNG projects and the productivity of US shale-gas fields which will fuel the plants from 2016.