Daily News

Daily News (16520)

Children categories

Excelerate Energy, the US company that develops offshore or dockside import projects using storage and regasification vessels, said it entered into a revaporized LNG off-take purchase arrangement with DB Energy Trading, a unit of Deutsche Bank.
Occidental Petroleum has asked for a three-year extension on a regulatory deadline to develop a Texas LNG terminal, the second such move this month after Sempra Energy postponed a similar project.
National Grid, the UK’s natural gas pipeline operator, said it was commissioning a new 107-kilometre pipeline to link to Britain’s two new LNG terminals, located near the Welsh port of Milford Haven.
Repsol of Spain has applied to Canada’s National Energy Board for a 25-year licence to import a maximum of almost 8 million tonnes per annum of LNG to the Canaport terminal being built at Saint John, New Brunswick.
Cheniere Energy’s Sabine Pass LNG import terminal moved closer to start-up after its pipeline subsidiary asked the Federal Energy Regulatory Commission to place the facility’s pipeline link into service in mid-February.
Gaz de France, Europe’s leading LNG importer among companies, and Qatar Petroleum signed a memorandum of understanding to develop closer cooperation in exploration and production, LNG and natural gas storage.
LNG engineering, procurement and construction contractors, France’s Technip and Italy’s Saipem, saw their shares upgraded as investment banks and brokers forecast enhanced growth in the EPC sector.
Liquefied Natural Gas Ltd., the Australia-based LNG project development company, said it appointed engineering firms WorleyParsons and Arup for the front-end engineering and design phase of the Gladstone LNG project.
Qatargas, the main operating company along with RasGas in the development of Qatar’s LNG assets, said it shipped its 1,000th LNG cargo under its long-term sales and purchase agreements with its Japanese buyers.
Broadwater LNG, a $700 million project to be developed by Royal Dutch Shell and TransCanada Corp. in Long Island Sound, off New York State, has gained final environmental approval from the US Federal Energy Regulatory Commission.