LNG

Cheniere Energy is expected to have an agreed project financing package of around $5 billion in place by next month for the planned first phase of its US LNG export plant at Sabine Pass in Louisiana after pre-selling output from three liquefaction Trains.

SBM Offshore of the Netherlands was awarded an Ichthys LNG project contract in Australia for the engineering, procurement, fabrication and supply of a turret and mooring system.

Mitsui O.S.K. Lines, one of the leading LNG carrier owner-operators, has widened its projected losses for the current fiscal year, even as the LNG maritime transport business continues to thrive.

Tokyo Gas Co. and the nine mainland Japanese electric utilities are embarking on large-scale expansions of their infrastructure between now and 2020 as their additonal LNG purchases gather pace.