LNG

Cape plc of the UK said it was taking a hit on insulation works it's carrying out on Sonatrach's LNG production expansion project in the coastal Algerian port of Arzew, where the state energy company already produces 16 million tonnes per annum of LNG.

Flex LNG, the Norwegian company founded with the purpose of building four LNG production hulls and commercializing them, has seen its shares plunge almost 40 percent in the past year because of its woes related to a stalled LNG project in Papua New Guinea, and its contract for four hull newbuilds…

Yemen LNG said it resumed normal operations at its Balhaf liquefaction plant on the Gulf of Aden after repairing the feed-gas pipeline damaged for a fourth time in eight months by a terrorist attack.

Australia Pacific LNG, the coal-seam-gas-to-LNG venture being developed by ConocoPhillips and China's Sinopec with Origin Energy, signed agreements with a syndicate of banks and export credit agencies for an $8.5 billion project finance facility.