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Australia’s Eastern Star Gas and Japanese companies Hitachi and Toyo Engineering Corp. are moving forward with plans to be exporting from an Australian coal-seam-gas-to-LNG plant by 2014 as Eastern launched a share sale and acquired an island for a liquefaction plant.
The US Federal Regulatory Commission said it agreed to initiate a pre-filing review of Sabine Pass LNG's application to install liquefaction facilities at its regasification plant in Louisiana to export US gas.
Indian Oil Corp said it signed a memorandum of understanding with Tamil Nadu Industrial Development Corp. to go ahead with a previously studied LNG import terminal at Ennore port on the Bay of Bengal.
Foster Wheeler said its Global Engineering and Construction Group was awarded an owner's engineer contract for a new LNG import facility in Uruguay to supply the South American country and its neighbour Argentina.
Australia’s LNG Ltd., developer of the proposed Fisherman’s Landing coal-seam-gas-to-LNG project, is holding talks with Bow Energy to replace feed-gas from Arrow Energy, which was taken over by Royal Dutch Shell and PetroChina for their own CSG-to-LNG venture.
Statoil, the Norwegian energy company, said its second-quarter earnings included a $620 million write-down on its US Cove Point LNG import terminal interests because the “rapid development” of shale gas in the US had much reduced the need for LNG imports.
Royal Dutch Shell said LNG sales volumes for the second quarter of 2010 were 3.88 million tonnes, 34 percent higher than in the same quarter a year ago because of the continued ramp-up of the Sakhalin II LNG project in Russia and improved volumes from Nigeria LNG.
AGL Resources Inc. and El Paso Corp. have set up a joint venture to distribute LNG across the southeastern United States as fuel for the heavy-duty transportation market.
BG Group, one of the leading Atlantic Basin LNG players, posted a 16 percent rise in second-quarter income from its LNG business to $540 million from $465M in the same quarter a year ago.
CB&I, one of the world’s leading LNG engineering companies,  reported a rise in net profits and a doubling in future orders that could signal the worst is over in the energy project contract sector.