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Monday, 01 September 2008
Hurricane Gustav’s imminent arrival on the US Gulf coast prompted the Henry Hub pricing point in Louisiana and the New York Mercantile Exchange to declare force majeure on natural gas delivery, and two new LNG terminals face storm tests.
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Thursday, 28 August 2008
Two Australian companies at the centre of the scramble to develop LNG projects using coal-seam gas, prompted by Atlantic Basin LNG player BG Group, posted record annual profits.
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Wednesday, 27 August 2008
Energy World Corp., the company developing the Sengkang LNG project in Indonesia, said it has upgraded its possible feed-gas reserves that would allow the production of an additional 4 million tonnes per annum of LNG over 10 years.
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Wednesday, 27 August 2008
Woodside Petroleum said its Pluto LNG project was about 25 percent complete and the company was considering raising up to $2 billion in the coming months to help finance the US$10Bln venture.
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Wednesday, 27 August 2008
Inpex, the Japanese energy company and LNG project developer, plans to build a new LNG import terminal at the city of Joetsu in Japan to meet rising domestic demand, and which would bring the country’s network up to 30 reception terminals.
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Tuesday, 26 August 2008
Qatargas, the LNG producer, and Qatari shipping company Qatar Gas Transport Co. (Nakilat), are taking possession of five more Q-Max LNG carriers this week, built at a cost of around $380 million each.
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Tuesday, 19 August 2008
Oil Search, the company developing a $10 billion Papua New Guinea LNG project with ExxonMobil, Australia’s Santos and Nippon Oil, said the venture was in talks with Asian customers and a project financing roadshow had been a success.
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Tuesday, 19 August 2008
Origin Energy of Australia rejected a US$13 billion hostile takeover bid from BG Group and said it now had its own plans for a coal-seam gas-to-LNG project in competition to the UK company’s proposed venture.
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Monday, 18 August 2008
Cheniere Energy, the US LNG terminal developer, said it closed a $250 million loan agreement with GSO Capital Partners that will enable the company to boost “liquidity and operating flexibility” and gives GSO Capital two seats on the board.
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Monday, 18 August 2008
Pertamina, Indonesia’s energy company, and six Japanese LNG importers are set to conclude a sales agreement that will see the Japanese pay a maximum price of around $820 per tonne from 2010 compared with a previous maximum of $465 per tonne.
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