Japan Bank for International Cooperation (JBIC) has signed a loan agreement to help finance the BG Group-led Queensland Curtis LNG project in Australia in which Tokyo Gas also has a small stake. The project being developed by BG’s Australian unit, QGC, and also involving China National Offshore Oil Corp.…
QGC, developer of the Queensland Curtis cola-seam-gas-to-LNG project in Australia, said it stopped the leak at a well-head that was damaged on September 12 at the company’s Berwyndale South gas field.
Dutch energy storage giant Vopak and Spanish LNG terminals owner Enagas said they completed the acquisition of the Altamira LNG receiving terminal on the Gulf coast of Mexico from Royal Dutch Shell and other shareholders for $408 million. Vopak, already a major shareholder in Europe’s newest LNG import terminal…
Japanese utilities will seek to be key buyers of US LNG which developers will produce from the gas surplus caused by the shale boom, and the US cargoes will more than replace those lost by Japan with the closure of the Kenai LNG plant in Alaska. The Kenai LNG plant…
The Washington-based Center for Liquefied Natural Gas has sent a letter to US congressional leaders urging them to support the established regulatory process for considering LNG export permit applications. The CLNG, which represents the views of LNG producers, shippers, terminal operators and developers, said the Department of Energy should…
Inpex Corp., the leading Japanese LNG production project developer, said it was also making good progress with its new Naoetsu LNG import terminal at Joetsu City on the Japan Sea coast of Honshu Island. Construction began in July 2009 and the project is on course for commercial operations to…
Flex LNG, the Norway-listed developer of a Floating LNG production platform, has named David McManus as the new Chairman of its board of directors. The company said the new Chairman brought “a wealth of experience to assist in the company’s objective of developing one of the world’s first floating…
European buyers are expected to struggle to compete for LNG over the Northern Hemisphere winter, with buyers in Japan right now paying around $16.50 per million British thermal units for November delivery.
Atlantic LNG in Trinidad, a key supplier of LNG cargoes to Europe and East Asia, is carrying out maintenance at two of its liquefaction Trains at the LNG plant in Point Fortin. The scheduled maintenance on Trains 3 and 4 will be completed by October, a spokesman said. The work…
LNG shipping has moved out of the doldrums but speculative orders for new carriers could be a dangerous strategy, according to energy consultants Wood Mackenzie. In a report entitled “Shifting trade moves LNG shipping out of the doldrums,” it said that “while near-term prospects remain good, the danger is…