LNG

Australian energy company Santos said the ExxonMobil-led Papua New Guinea LNG project in which it is a major shareholder is more than 90 percent complete and on track for first LNG delivery in the second half of 2014.

Oman LNG and Qalhat LNG, the two separate liquefaction companies of the Sultanate of Oman, have formally merged from September 1 and will operate as one company known as Oman LNG to achieve new economies of scale.

Fairmount Marine, the tugs operator for ocean towage and heavy-lift transportation headquartered in Rotterdam, has won praise from contractors for towing the Floating Storage and Regasification Unit "LNG Toscana" from Dubai to offshore Italy.

Liquefaction plant production problems affected the Atlantic Basin LNG carrier charter market and resulted in reduced demand in the early part of the second quarter, though during July rates for modern ships rose again to above $100,000 per day, Golar LNG said in its quarterly shipping report.