Gazprom, the Russian natural gas company that opened its first LNG plant at Sakhalin Island last month, posted a lower-than-expected rise in third-quarter profits even as customers in the European Union, Russia and former Soviet states paid more for gas.
The US Maritime Administration said it was informed by Calypso LNG, an import terminal project being developed by GDF-Suez offshore Florida, that it was suspending its application because of state-level opposition.
Origin Energy of Australia posted a 38 per cent rise in half-year underlying profit to A$277 million (US$180M) as the company significantly strengthened its balance sheet through the establishment of Australia-Pacific LNG with US major ConocoPhillips.
Chevron Corp. said two offshore Australian natural gas fields are large enough to enable the development of its planned Wheatstone LNG project.
Provian, a UK construction company, has secured another section of work at the Isle of Grain LNG import terminal as a sub-contractor for CB&I, the US LNG engineering firm.
Russias Shtokman LNG and natural gas project has awarded a consortium comprising Norways Aker Solutions, Frances Technip and Monaco-based SBM Offshore a contract for the concept definition and front-end engineering and design for the Floating Production Unit.
The 24th Gastech conference for the LNG and natural gas industry takes place in Abu Dhabi on May 25-28 with a theme for the economic recession of Time for Challenges, Solutions and Alternatives.
Whessoe, the global engineering firm known for its LNG storage tank expertise, has been awarded a multi-million dollar project management consultancy by Indias Petronet LNG as part of the Kochi import terminal project in the State of Kerala in southern India.
A.P. Moller-Maersk of Denmark said its LNG business that will soon comprise of eight LNG carriers is being transferred from Maersk Tankers to the Maersk Floating Production, Storage and Offloading (FPSOs) division.
Golar LNG, controlled by Norwegian shipping magnate John Fredriksen, said it signed a heads of agreement with Australian company Liquefied Natural Gas Ltd. covering the joint development of a coal-seam-gas-to-LNG project in Gladstone, Australia.