Golar LNG completed the sale of the Golar Frost LNG carrier to the Offshore LNG Tuscany project for $231 million and chartered back the vessel until mid-2009 when it will undergo conversion in Singapore into a floating regasification and storage unit.
Korea Gas Corp., the worlds largest corporate LNG buyers, said it plans to invest 1.47 trillion won ($1.4 billion) in building new import facilities at Samchok on South Koreas east coast.
Iberdrola, the Spanish power company and LNG buyer, has agreed to supply LNG from its storage facilities at the Huelva regasification terminal in Spain to Norway-based, small-scale LNG producer and distributor, Gasnor, in a contract worth $100 million.
ExxonMobil Corp. said its LNG joint ventures in Qatar will start up projects over the next two years that will bring more LNG to market than any other oil major and its regas venture with Qatar Petroleum in Italy is on schedule for completion.
Fluxys, owner of the Zeebrugge LNG terminal, said the takeover of the Distrigas gas transport subsidiary, Distrigas & Co, was approved by the boards of both companies and assets include half an interest in the LNG carrier Suez Boston.
Clough, the Australian LNG engineering firm with previous contract wins in the North West Shelf and Pluto LNG projects, said it was awarded a contract by APL of Norway for support activities on the Neptune LNG project offshore Massachusetts in the US.
Singapore has added Gaz de France, currently merging with Suez Energy, to its LNG partnerships after its April supply deal with BG Group, the leading Atlantic Basin player.
Gate LNG, the import terminal being developed in Rotterdam by storage giant Royal Dutch Vopak and natural gas transporter Gasunie, was given the official go-ahead a launch ceremony by the Dutch government.
Royal Dutchs Shells nominated director on the board of Australian LNG producer Woodside Petroleum, Jakob Stausholm, has resigned.
Cheniere Energy, owner of US regasification assets, said it signed a domestic marketing agreement for the sale of LNG with US brokerage JPMorgan Chase & Co.