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French energy company Total signed an agreement with Australia’s Santos and Petronas of Malaysia to acquire 20 percent of a coal-seam-gas-to-LNG project in Australia for US$750 million.
Organizers of the World Energy Congress in Montreal said they expected a record attendance of 4,800 participants at the four-yearly event which gets under way on Sunday, September 12.
Cameron LNG import terminal in Louisiana, owned by San Diego-based Sempra Energy, has become the latest US LNG facility to apply for permission to re-export LNG cargoes for prices higher than currently available on the flat US natural gas market.
Norwegian classification society Det Norske Veritas said it had joined forces with three other companies to retrofit LNG on a containership owned by Germany-based Reederei Stefan Patjens.
Petronet LNG, the Indian import terminal owner and developer, said the Asian Development Bank was hoping to sell its more than 5 percent stake in Petronet valued at around $100 million.
LNG’s use as a fuel in the energy industry's marine transportation sector is growing in 2010, with STX Norway Offshore the latest company to begin building up its order book for such vessels.
Algeria, one of the largest exporters of LNG to Europe, is facing a struggle to keep its LNG industry on track because of a lack of foreign interest in new licensing rounds, growing domestic demand and a recent corruption scandal at national energy company Sonatrach.
Woodside Petroleum has acknowledged the Western Australian Government’s decision to proceed with the compulsory acquisition of land from Aboriginal claimants required for the site of its Browse LNG project’s liquefaction plant.
Fluxys Group, owner of Belgium’s Zeebrugge LNG terminal, said it was a candidate to be a partner in the French import facility being developed for the Channel port of Dunkirk by Electricite de France.
Wartsila, the Finland-based marine engine company, said it signed a contract with Tarbit Shipping of Sweden to convert a product tanker to LNG propulsion, and to supply the ship with its system allowing the safe storage of LNG onboard.