Free ReadThe largest global natural gas and LNG event in 2013 will be held in Houston, Texas, and will be hosted by the American Gas Association. One year from now, the 17th International Conference and Exhibition on Liquefied Natural Gas (LNG 17), will bring strategic and commercial leaders and technical experts…
The US Federal Energy Regulatory Commission approved Cheniere Energy's application to transform its Sabine Pass import terminal in Louisiana into an LNG liquefaction and export plant, opening the way for the US to become a leading LNG export nation.
Cheniere Energy Partners, the developers of the Sabine Pass LNG export project, said they engaged eight financial institutions to act as joint lead banks to assist in the structuring and arranging of up to $4 billion of loans.
The first cleared financial derivatives contracts for LNG were introduced for trading on April 16 by CME Group Inc., the US provider of benchmark futures and options products.
JFE Steel Corp. and Marubeni-Itochu Steel Inc. of Japan were awarded an order for around 150,000 tons of steel piping for the Chevron-operated Wheatstone LNG project in Western Australia.
Lithuania, developer of the first LNG import facility in the Baltic states, has held talks with Norwegian energy company Statoil on the possible supply of LNG cargoes.
Qatargas said it loaded the Gulf state's 1,000th cargo from its Common Storage and Loading facility at Ras Laffan shared with RasGas and the LNG was en route to the US.
Det Norske Veritas, the Norwegian classification society, signed a cooperation agreement with the world's largest corporate LNG buyer, Korea Gas Corp., for LNG research and development.
Kyushu Electric Power Co., Japan's fourth-largest utility, signaled the nation's determination to pursue long-term LNG volumes by securing the extension of a supply contract with the Australian North West Shelf liquefaction plant due to run out in 2017.
Pertamina, the Indonesian state energy company, said the country's first floating LNG regasification facility has set sail for Jakarta Bay from the Jurong Shipyard in Singapore to begin operations soon.