Exmar, the Belgian LNG carrier owner, has proposed a capital increase to its shareholders of 100 million euros ($150M) as it prepares final financing for new regasification vessels.
The Papua New Guinea LNG project to be operated by ExxonMobil will seek $820 million in additional financing after talks ended on selling a stake to the Abu Dhabi-owned International Petroleum Investment Co.
Sakhalin Energy, operator of the Sakhalin II LNG project in the Russian Far East, has secured an additional $1.4 billion in project financing, bringing the total Phase II funds available to $6.7Bln.
Total said the $4.5-billion Yemen LNG project in the Middle East, whose shareholders also include Hunt Oil of the US and three Korean companies, has started producing LNG and will ship its first cargo in several weeks.
Air Products said it signed an agreement with Technip to supply process technology and equipment for a mid-scale LNG plant the French company has a contract to build in Yinchuan in Northwest China.
The US Center for LNG, a trade group of producers, shippers, terminal operators and developers, said the nations long-term energy planners should note that LNG was here already and should be viewed as a critical companion to renewable energy policies.
Petronas, the Malaysian energy company, and Russian gas giant Gazprom announced an agreement between their UK-based subsidiaries that will see regular Russian-owned LNG cargoes being imported into the UKs newest LNG import terminal in Milford Haven.
The LNG surplus will continue over the next two years because of rises in production this year and next of a combined 50 million tonnes per annum, meaning output will have risen by 25 percent compared to total production in 2008, according to latest estimates.
Chevron Corp. said LNG and natural gas project costs would have to come down further and cited the Angola LNG project in southwest Africa as a good example of first-class LNG development.
Royal Dutch Shell has become the first energy major to confirm precise Floating LNG projects when it said it expected to develop two of its natural gas discoveries offshore Western Australia to be called the Prelude FLNG project and the Concerto FLNG project.