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  Foster Wheeler, the energy and LNG engineering company, said J. Kent Masters had assumed the role of Chief Executive of Swiss-based parent company Foster Wheeler AG. Masters, aged 50, succeeded Umberto della Sala, 63, who had been serving as Interim CEO and who continues to serve as the company's…
Novatek, the Russian natural gas company, said it increased its stake in the Yamal LNG project company by acquiring all of the shares, ahead of moves to bring in more investors for the estimated $30 billion venture in the Arctic area of Northern Russia. Novatek increased its equity interest through…
  GDF-Suez,  one of the leading European value-chain LNG companies that recently came up with a surprising financing deal from China, has shown another piece of  innovation in the current banking chill by selling bonds denominated in Swiss francs to raise funds The Paris-based company said it launched a successful…
  Marubeni Corp., the Japanese trading house and LNG player, said it concluded an agreement with the Export-Import Bank of Korea expressing the intent of both parties to exchange information and discuss a range of energy projects.
  Jamaica said it was making progress with its revised tendering process for a floating LNG import facility after cancelling its previous tender decision because of alleged irregularities. A steering committee set up by Prime Minister Bruce Golding to handle the country’s tender for a project using a Floating Storage…
  BG Group said it signed a preliminary agreement with India’s Gujarat State Petroleum Corp. (GSPC) for the long-term supply of up to 2.5 million tonnes per annum of LNG. The heads of agreement sets out the basis on which BG proposes to sell the LNG volumes to GSPC for…
  Malaysia International Shipping Corp. will provide a 30-year-old French-built LNG carrier to be converted into a Floating Storage and Regasification Unit and one of a planned network of Malaysian LNG import terminals. The conversion will take place at the Keppel Shipyard in Singapore and be completed as early as…
  Fitch Ratings, the global ratings agency, said the credit quality of established large LNG producers “will remain strong”  because of the profitable combination of price and product within the industry. However, the ratings firm with dual headquarters in New York and London, argued that new LNG projects would carry…
  Kawasaki Kisen Kaisha (K-Line) and the shipbuilding division of IHI Corp. are developing separate LNG-fuelled freight ships able meet new emissions standards in US and Northern European waters over the next couple of years. K-Line is in the process of developing vehicle carriers using LNG as fuel in a…
  Flex LNG, the Norwegian stakeholder in the Gulf Floating LNG project in Papua New Guinea, said it was confident the project would be going ahead - with a new “world-class operator” joining the venture, at the insistence of the PNG Government Doubts have been raised about the future of the…