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Cheniere Energy’s success in bringing two new US LNG terminals to the brink of commercial operations coincides with the Texas-based company being put on credit watch by US rating agency Standard & Poor’s, with negative implications.
BG Group, the leading Atlantic Basin LNG player, said it was selected by the Singapore authorities to secure supplies for the island state of 3 million tonnes per annum of LNG for up to 20 years.
Port Dolphin LNG, the import project planned for offshore Tampa Bay, Florida, by Norway’s Hoegh LNG, is making progress as the US Maritime Administration and the Coast Guard have completed a Draft Environmental Impact Statement.
Woodside Petroleum said first-quarter LNG production dropped by an average 3,624 tonnes per day because of plant problems, but revenue from LNG sales rose by around 30 percent for the six partners in the Australian North West Shelf project to be worth a combined US$1.2 billion.
The first cargo delivery for the US Northeast Gateway regasification and storage vessel facility set up by Excelerate Energy offshore Massachusetts has been postponed for a month and the cargo will be split in a ship-to-ship transfer.
Cheniere Energy is in advanced talks with a major North American natural gas marketing company to manage throughput of LNG and the downstream marketing of LNG cargoes delivered to the new Sabine Pass terminal in Louisiana.
Two new US LNG import terminals, Freeport LNG in Texas and Sabine Pass LNG in Louisiana, have now received their commissioning cargoes at a time when US natural gas prices have soared to their highest levels of 2008.
Enagas, the Spanish LNG terminal owner, said it signed a 500 million euros ($790M) loan agreement with Spain’s Institute of Official Credit (ICO) to partially finance upgrades at its LNG regasification plants and for other infrastructure.
One of the main problems facing the LNG carrier sector is that some 5,000 extra ships’ officers will be needed by 2010 to cope with the surge in the number of ships trading, according to leading industry bodies that have produced a DVD to help personnel in the LNG delivery…
Gaz de France, Europe’s largest single LNG importer, said it signed a long-term supply contract with Royal Dutch Shell to receive an aggregate 7.3 million tonnes of LNG.