The leading LNG players among the energy majors, ExxonMobil and Royal Dutch Shell, told the 25th World Gas Conference in Kuala Lumpur that LNG would remain at the forefront of their activities at what both companies said was an historic moment in the evolution of energy markets.
Dominion of the US applied to the Federal Energy Regulatory Commission to begin an early environmental review process to enable its planned LNG plant at Cove Point in Maryland to be exporting US gas from the East Coast by the end of 2017.
The 25th World Gas Conference got underway on Monday in the Malaysian capital Kuala Lumpur at a time of price uncertainty in global energy markets, and as LNG and natural gas move to the forefront as the fuels of the immediate future.
Spending on the BG Group-led Queensland Curtis LNG project has reached almost A$8 billion (US$7.7Bln) since the start of development of the coal-seam-gas to-LNG venture in 2010.
Liquefied Natural Gas Ltd. of Australia and its Chinese partners are still in negotiations to advance the Fisherman's Landing coal-seam-gas-to-LNG project at the port of Gladstone.
The first Malaysian LNG import and regasification terminal has been completed at Sungai Udang in Malacca and will take cargoes from Malaysia's own liquefaction plants and from overseas.
Alfa Laval, the Sweden-based fluid-handling equipment maker, won an order from the Technip-Samsung Heavy Industries engineering consortium building Royal Dutch Shell's Prelude floating LNG facility for offshore northwest Australia.
Oil-linked LNG prices for Asian markets such as Japan are expected to drop in the months ahead as crude prices have taken their biggest monthly plunge in three years because of global economic woes and high oil stockpiles in markets such as the US.
Several thousand delegates are gathering in the Malaysian capital Kuala Lumpur for the 25th World Gas Conference at a time when the impact of large-scale LNG projects, and soaring unconventional gas supplies such as shale, are having a profound effect on global energy markets.
Freeport LNG has made a successful bid for a long-term lease on a 170-acre strip of land on Quintana Island on the Texas Gulf coast, adjacent to its regasification facility, and secured the future of its planned US LNG export plant.