LNG

Santos Chief Executive David Knox said that the ExxonMobil-led the Papua New Guinea LNG project, in which the Australian energy company was a shareholder, was more than 80 percent complete and would come on stream next year as scheduled.

 The LNG17 conference in Houston heard today that downward pressure on oil could see a price of $80 per barrel by 2015, which would be equivalent to an LNG price of $12 per million British thermal units, further driving the market.

BG Group Senior Vice President Betsy Spomer told an LNG17 conference debate on US LNG exports that the company's Lake Charles LNG export project in Louisiana is number two on the list of the Department of Energy for a decision on exporting to Non-Free Trade Agreement countries.

BG subsidiary QGC sent executives along to a Senate inquiry to defend development methods and the use of water reserves for the Queensland Curtis LNG project, a US$20 billion investment that involves taking natural gas from coal seams in central Queensland and liquefying it at the plant at the port of…