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Friday, 29 June 2012
The $1 billion deal last year between Petronas and Progress Energy Resources Corp. for a joint venture in the prolific Montney shale for an LNG project has now progressed into a full-blown $5.4Bln takeover offer by the Malaysian energy company for the Canadian company.
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Thursday, 28 June 2012
The area of Tokyo Bay, which receives more than 50 LNG cargoes per month for its five LNG import terminals, is to be the site of up to 10 new gas-fired power plants in Japan's biggest infrastructure build-ups in years.
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Thursday, 28 June 2012
Asian LNG imports are expected to increase to more than 165 million tonnes in 2012 compared with 154MT last year as spot trading rises despite high prices and an economic slowdown.
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Thursday, 28 June 2012
The Gladstone coal-seam-gas-to-LNG project has announced cost overruns of US$2.5 billion, with the joint venture involving Australia's Santos, Petronas of Malaysia, France's Total and Korea Gas Corp. now set to cost $18.5Bln to complete.
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Wednesday, 27 June 2012
Saipem, the Italian LNG engineering contractor, said it had negotiated changes in the scope of the work for the construction of the jetty and maritime structures for the Gorgon LNG on Barrow island offshore Western Australia.
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Wednesday, 27 June 2012
French energy company Total is joining the rush for East African feed-gas for possible LNG projects for Kenya and Tanzania, though on a smaller scale to the planned huge LNG developments in their southern neighbour Mozambique.
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Wednesday, 27 June 2012
GDF-Suez, the European-based LNG player, has delivered its first cargo to PTT in Thailand as part of a deal to supply three cargoes during 2012 and as it builds up its Asia-Pacific customer base.
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Wednesday, 27 June 2012
Dutch dredging company Royal Boskalis Westminster said its associated company Smit Lamnalco was awarded a 10-year contract for providing terminal services at the Papua New Guinea LNG plant being constructed near Port Moresby.
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Tuesday, 26 June 2012
The top right of the photograph shows a skiff carrying Somali pirates heading at high speed towards a vessel off the coast of Oman, near where the Japanese-operated Mitsui Osk Lines. LNG carrier "LNG Aries" was fired on last week. Private security guards, former members of the US Marine Corp,…
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Tuesday, 26 June 2012
Royal Dutch Shell and PTT of Thailand are taking their battle for a stake in the planned Mozambique LNG province down to the wire as the market anticipates higher bids from one or both companies for feed-gas stake holder Cove Energy.
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