LNG

Gaz de Normandie said it formally lodged its application for permission to operate the planned Antifer LNG terminal near the northern French port of Le Havre by 2015 and would welcome other investors in the venture.

A medium-term glut of natural gas is developing and will reach 200 billion cubic metres by 2015, leading to unutilized LNG liquefaction and pipeline capacity, the International Energy Agency said in its latest annual outlook.

Polski LNG, the state-owned Polish company planning an import terminal on the Baltic coast, has drawn up a short-list of three consortia, two led by Italian companies and one led by South Koreans, for the facility’s engineering, procurement and construction contract.

The $4.5-billion Yemen LNG project has shipped its first cargo on board the 145,000 cubic metres capacity “Hyundai Escopia” to a South Korean terminal owned by Korea Gas Corp., making Yemen the 17th country to become an LNG exporter.