LNG

Awilco LNG, the Norwegian pure play shipping provider with three second-hand LNG carriers in its fleet and two newbuilds under construction, posted a drop in income because of spare capacity.

German utility and energy trader RWE has won the last part of an LNG cargo tender in Mexico and will supply two shipments from the Middle East and Norway to the Manzanillo import terminal on the Mexican Pacific coast.

Chevron Corp. said construction of the $50 billion Gorgon LNG project on Barrow Island in Western Australia was 60 percent complete and start-up would probably be late next year, with 65 percent of future production having been pre-sold.

Cheniere Energy has made a positive final investment decision for the development and construction of Trains 3 and 4 of the Sabine Pass Liquefaction project in Louisiana after raising almost $6 billion from 27 banks, and has issued a full notice to proceed with construction to US LNG engineers Bechtel.