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The BG Group Queensland Curtis coal-seam-gas-to-LNG project raised a 900-tonne steel dome to the top of its first LNG storage tank as the venture near the port of Gladstone heads on schedule for the commissioning process to start by the end of the year.
Chevron Corp. said it would proceed with the development of the $5.6 billion Mafumeira Sul project offshore Angola and provide more feed-gas for the Southwest African nation's new liquefaction plant coming into commercial operation in the next quarter.
Tokyo Electric Power, the largest Japanese LNG buyer and owner of the stricken Fukushima nuclear plant, has agreed to buy 800,000 tonnes per annum from the US Sempra-owned Cameron LNG export plant in Louisiana.
Japan Bank for International Cooperation and three private Japanese banks have agreed to lend LNG developer and energy company Inpex $1 billion for its investment in the Royal Dutch Shell-led Prelude FLNG project offshore Australia.
BG Group of the UK is firming up its plans for a Tanzania LNG project that will make the East African nation part of the world's newest LNG province, including Mozambique and possibly Kenya.
Japan's city-gas companies said they planned to increase their upstream presence in the LNG business where there is Japanese equity participation by a gas company in only two LNG producing nations out of 17 countries with liquefaction plants.
BG Group posted a surge in annual LNG earnings to $2.57 billion, reflecting favourable market conditions and strong demand, particularly from Japan.
Japan is gaining more support in the US Congress to be a main beneficiary of the LNG export project developments currently underway to trade the country's huge natural gas surplus from the shale gas boom.
Free ReadTokyo Electric Power Co., the largest Japanese LNG importer and now controlled by the government after the disaster at its Fukushima nuclear plant, forecast net losses for the year to March 2013 of 120 billion yen ($1.3 billion), just a fraction of the previous year's losses. The loss is in…
LNG Canada, the export project being developed by Royal Dutch Shell with partners from Japan, China and South Korea was granted an export licence by the Canadian National Energy Board.