LNG

InterOil, the lead developer of the stalled Gulf LNG project in Papua New Guinea, said it was continuing to work with its advisors on a bid process to select a new LNG operator for the venture and a sell down of its stake and feed-gas interests.

Terrorists have blown up part of the feed-gas pipeline supplying Yemen LNG for the fourth time in seven months, raising concerns about the ability of the liquefaction plant at Balhaf on the Gulf of Aden coast to maintain deliveries of contract and spot volumes in the months ahead.

Woodside Petroleum Chief Executive Peter Coleman compared the efforts to complete the World War Two D-Day landings in France to the huge development challenges of Australia's LNG industry and its efforts to win global LNG leadership. Coleman told the annual conference of the Australian Petroleum Production & Exploration Association in…

Woodside Petroleum of Australia said it had formed a new partnership to bid for exploration blocks offshore Cyprus in the promising Eastern Mediterranean natural gas province where at least one LNG project is being developed.