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Golar LNG Energy said the spot LNG carrier market continued to face challenges due to an oversupply of vessels and charter rates and utilization were still unsatisfactory, though there were signs of improvement in the fourth quarter.
Indonesia’s state-run natural gas company plans to build two LNG receiving terminals in West Java and Sumatra and has initialled an LNG supply agreement with the Sengkang LNG project being developed in Indonesia by Hong Kong-based Energy World Corp.
Lawyers for the Weaver’s Cove LNG import project in Massachusetts have urged the US Federal Energy Regulator Commission to take action on the “suspect legality” of attempts by energy regulators in Massachusetts to usurp FERC’s role in the permitting process.
Woodside Petroleum said it would definitely go ahead with its Sunrise LNG project and could decide with its partners Royal Dutch Shell and ConocoPhillips within weeks whether it will be a Floating LNG venture.
Statoil said “technical challenges” have delayed the start-up of the Snøhvit LNG plant in Hammerfest northern Norway and the current estimate is that production can resume in 14 days at the earliest.
Hess Corp.’s deal to acquire the Crown Landing LNG project in New Jersey from BP to add to its Weaver's Cove LNG project in Massachusetts has left the New York-based energy company with two of the most contentious LNG ventures in the US.
Woodside Petroleum said its Pluto LNG project first phase comprising one LNG Train was on schedule, but the final cost could have risen by more than A$1 billion (US$918M) since the final investment decision was made.
National Grid of the UK, operator of the Isle of Grain LNG import terminal southeast of London, said third-quarter operating profit at the facility rose five-fold as its latest expansion boosted capacity for cargoes from nations such as Algeria, Trinidad and Qatar.
Zeebrugge LNG import terminal in Belgium has seen cargo deliveries more than double in 2009, with 69 LNG carriers unloading from January to November.
BG Group said it signed a joint venture with Brazilian energy company Petrobras to develop a Floating LNG project in the Santos Basin offshore Brazil, and front-end engineering and design contracts will be awarded soon for a new FLNG vessel.