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ACD of the US, a leading manufacturer of cryogenic equipment and turbo-machinery, said it received an order from TGE Marine Gas Engineering to supply LNG fuel pumps for a new vessel being built by Meyer Werft of Germany.
Koch Supply & Trading said it launched an LNG and natural gas trading business from offices in London, Houston and Singapore to leverage its strong brand and global reach, adding to the growing roster in the LNG spot market. .
Korea Gas Corp., the world's largest corporate buyer of LNG, signed a new long-term supply agreement with Qatar's RasGas for 2 million tonnes per annum of cargoes for 20 years starting in 2013 and incremental medium-term volumes from 2012 to 2016.
GDF-Suez, one of Europe's largest LNG importers, said its LNG activities did not contribute enough to overall earnings, though the company was aiming to double external LNG sales by 2020 and to increase its exploration and production activities.
BG Group of the UK, one of the world's leading LNG companies, said it expected to see LNG profits surge in 2012 by 30 percent more than previously expected to as much as $2.8 billion as the industry enters a boom period backed by Asia-Pacific demand.
Current US natural gas prices are the clearest signal yet that a US LNG export industry is required to offset losses in the industry and fund future exploration and production in natural gas fields and shale gas plays.
The Indonesian energy regulator said the government was currently negotiating with Sempra Energy to take back 3.7 million tonnes per annum of LNG allocated to the US company from the Tangguh LNG project.
BG Group's Australian arm QGC awarded a contract for construction of gas processing facilities to local construction and resources contractor Thiess Ltd, a subsidiary of Leighton Holdings, to service the Queensland Curtis coal-seam-gas-to-LNG project.
Australian energy group Santos has given the latest coal-seam gas reserves for the Gladstone CSG-to-LNG project, which indicate that the project has feed-gas right now to produce around 4.3 million tonnes per annum of LNG for about 27 years, but was still short of its overall project requirements.
The final investment decision is looming for the Gulf LNG project in Papua New Guinea under the auspices of InterOil Corp., a New York-listed energy company.