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Russia’s President Dmitri Medvedev officially opened the nation’s first LNG production plant on Sakhalin Island in the Russian Far East and the facility will likely deliver a fewer-than-expected 50 cargoes during 2009.
France’s Total, Indonesia’s Pertamina and Japan’s Inpex Corp. have signed a heads of agreement with a consortium of LNG buyers in Japan, setting out the principal terms for the extension of sales contracts.
The outcome of a takeover battle in Australia for a coal-seam gas company, Pure Energy, between BG Group and a Royal Dutch Shell-backed company could determine the future path of planned multi-billion dollar CSG-to-LNG projects.
Gazprom, the Russian natural gas company, said the first cargo of LNG from the Sakhalin II LNG project would now be shipped to Japan in mid-March, a month later than was recently scheduled.
Royal Dutch Shell confirmed the closing of its $730 million acquisition of a 30 percent interest in Arrow Energy’s coal-seam gas acreage in Queensland, Australia, and plans to develop an LNG project near the northern port of Gladstone.
UK-based LNG developer Gasol and Canadian LNG carrier company Teekay Corp. have signed an agreement to develop further a floating liquefaction system to exploit natural gas assets offshore West Africa.
US imports of LNG are expected to reach the equivalent of about 369 billion cubic feet of natural gas in 2009, a slight increase over the volumes received in 2008 as domestic production flattens out this year and next.
Logstor, the Danish maker of pre-insulated pipe for the large-diameter loading lines at LNG terminals, said it acquired another Danish company, Star Pipe, for an undisclosed sum.
CB&I, the US engineering firm and LNG terminal builder, has named Lasse Petterson as the company’s new Chief Operating Officer.
Cove Point LNG, the import terminal located in the US state of Maryland, has formally revised its request to regulators to upgrade its jetty facilities so that it can receive the world’s largest Q-Flex and Q-Max LNG carriers from Qatar.