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Thursday, 27 October 2011
Gaztransport & Technigaz (GTT), the French marine engineering company and owner of technology for LNG storage on vessels and on land, which has plans to help Russia build LNG carriers, may be sold for up to $1.4 billion. The shareholders of GTT are French utility and LNG player GDF-Suez,…
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Wednesday, 26 October 2011
BG Group said it signed a fully-termed sale and purchase agreement with Cheniere Energy for the purchase of 3.5 million tonnes per annum of LNG over a 20-year period from the planned Sabine Pass LNG liquefaction plant in Louisiana. The agreement is the first long-term LNG purchase agreement from…
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Wednesday, 26 October 2011
Yemen LNG said that all cargo loadings in November would be maintained and the LNG cargoes cancelled in October after the terrorist attack on its feed-gas pipeline would be delivered by early January 2012.
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Wednesday, 26 October 2011
CB&I, one of the world’s leading LNG engineering companies, reported net income of $72.2 million for the third quarter of 2011, with three-month revenue of $1.3 billion and amid a surge in LNG contracts. New awards for the third quarter exceeded $3.8Bln, including a $2.3Bln contract in Australia for…
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Wednesday, 26 October 2011
InterOil, lead developer of the Gulf LNG project in Papua New Guinea, has retained investment banks Morgan Stanley, Macquarie and UBS as financial advisors to assist with its evaluation of potential new partners for the LNG venture. The current Gulf LNG project partners have been asked by the PNG government…
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Wednesday, 26 October 2011
BG Group said third-quarter LNG operating profit fell 14 percent to $620 million compared with the same three months a year ago and was also down over the past nine months, even as the UK company diverted more LNG cargoes to the high-priced Asia-Pacific market. BG said the performance…
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Wednesday, 26 October 2011
Argentine utility Enarsa is set to launch a tender process for around 70 LNG cargoes for delivery in the Southern Hemisphere winter of 2012, as it also looks at setting up a third import facility. The cargoes would be delivered to the nation’s two existing LNG import facilities, Bahia…
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Tuesday, 25 October 2011
The main criticisms against US LNG export plans to cash in on the shale-gas bonanza appear to be unfounded. Indeed price pressure would not even appear if the US exported 50 or 100 cargoes a month, instead of the two or three currently re-exported from two US terminals on…
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Monday, 24 October 2011
The decision by Yemen LNG to declare “force majeure” after the terrorist attack on its feed-gas pipeline is unlikely to have much effect on the Asia-Pacific short-term market. Korea Gas Corp. is one of the plant’s long-term customers, but because Kogas LNG stocks are currently high the state-run natural…
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Monday, 24 October 2011
The Kochi LNG import terminal in the state of Kerala in southwest India is expected to begin its commissioning process in the second half of 2012, about a year behind the original schedule. The terminal will be the main destination from 2015 of LNG from the huge Gorgon LNG…
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