Chevron Corp. said it signed a medium-term supply agreement with Ras Laffan Liquefied Natural Gas Co. (RasGas) in Qatar for delivery of LNG cargoes to the Sabine Pass LNG import terminal in Louisiana owned by Cheniere Energy.
Centrica, the UK parent company of British Gas, said it reached an agreement with Canadian Superior Energy Inc. to acquire part of a gas development block in Trinidad that gives it a material gas position close to the Caribbean nations LNG export infrastructure.
Russian natural gas company Gazprom said it plans to step up the development of LNG projects in Russia, in particular the Yamal LNG venture at the edge of the Arctic circle and an increase in LNG production in the Russian Far East.
Golar LNG posted first-quarter losses because of the deterioration of the market and said Norwegian tycoon Chairman John Fredriksen would take on the role of Chief Executive, replacing Australian Gary Smith who was stepping down.
Sakhalin II LNG project in the Russian Far East has completed the last major offshore feed-gas well at the Lunskoye platform in the Sea of Okhotsk, preparing the way for the liquefaction plant to go into full production.
Mustang Engineering, part of the UK-based Wood Group, said its joint venture with Malaysias Petronas and its shipping subsidiary to develop a floating LNG production venture offshore Malaysia will produce LNG by 2013.
Royal Dutch Shells highest-ranking woman executive and LNG supremo, Linda Cook, has resigned from the company as Executive Director of Gas and Power.
The 24th Gastech conference has heard the consequences of the global economic recession that led in the first quarter to a brutal and immediate collapse of gas demand against LNG supplies becoming instantly excessive and tank top situations in LNG exporting plants and receiving terminals.
Attendance at the 24th Gastech conference and exhibition for the LNG and natural gas industries reflected the global recession as delegate numbers were down by about a third compared with 2008.
Supply of piped gas and LNG in the Atlantic Basin will remain higher than demand for some years to come, according to a leading analyst at the 24th Gastech conference in Abu Dhabi.