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Wednesday, 23 July 2008
Sonatrach, the Algerian LNG producer, has withdrawn its $3.9 billion LNG contract award from a bidding group led by UK-based Petrofac because the consortium failed to meet financial and technology guarantees within a 10-day period.
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Tuesday, 22 July 2008
Alaskan legislators voted for a $26-billion pipeline project proposed by TransCanada Corp. that kills off any prospect of a huge LNG project to monetize the state’s North Slope gas, but could open the way for a medium-sized LNG plant near the port of Valdez.
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Monday, 21 July 2008
South Korea bought 1.477 million tonnes of LNG last month at a cost of $708 per tonne, a price rise of almost 50 percent on the $474 per tonne it paid in the same month a year ago when it imported 1.279 million tonnes.
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Monday, 21 July 2008
The Gate LNG import project in Rotterdam, a joint venture between storage giant Royal Vopak and Dutch network company Gasunie, signed a 745 million euros ($1.2 billion) finance agreement with the European Investment Bank and a group of 10 banks.
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Monday, 21 July 2008
A US appeals court has overturned a ruling by the Federal Energy Regulatory Commission allowing the expansion of the Cove Point LNG import terminal in the state of Maryland that is only months away from completion.
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Monday, 21 July 2008
Australia’s Northern Territory Chief Minister Paul Henderson has called an early election next month and said the main issue was for voters to support the $12 billion Ichthys LNG liquefaction project proposed by Japan’s Inpex and France’s Total.
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Monday, 21 July 2008
Australian energy company Santos confirmed receiving regulatory approval for Malaysian state energy company Petronas to become a 40 partner in a coal seam-gas-to-LNG project near the port of Gladstone for an initial payment of US$2 billion.
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Monday, 21 July 2008
Hess Corp., the New York-based energy explorer, announced its second natural gas discovery in two months in Australia's North West Shelf, location of the country’s main LNG infrastructure.
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Friday, 18 July 2008
Construction has started on Mexico’s third LNG import terminal, the $900 million Manzanillo project that previously signed two key deals to reduce development and operational risk.
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Friday, 18 July 2008
Woodside Petroleum Chief Executive Don Voelte has criticized Australia’s plans for a carbon emissions trading scheme, saying it threatens multi-billion LNG projects because the industry does not pollute enough to qualify for free carbon permits.
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