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The US has done a good job authorizing increased LNG import capacity, but increased capacity does not mean increased imports, says Joseph T. Kelliher, Chairman of the Federal Energy Regulatory Commission.
Cheniere Energy reported a net loss of $53.5 million for the third quarter compared with a loss of $33M a year ago and said the final bill for the Sabine Pass LNG terminal being built in Louisiana would be about $1.5 billion.
Centrica, the UK natural gas supplier, Norway’s StatoilHydro and a Nigerian consortium development company called Consolidated Contractors Co., said they signed an agreement to assess the feasibility of developing LNG projects in Nigeria.
Total, Europe's largest oil refiner and a leading LNG player, said it expected its LNG sales to grow by about 13 percent per annum through 2010 as it reported a surge in third-quarter profits of almost 30 percent.
Spain’s Enagas said the company expected to build an eighth storage tank at the Barcelona LNG terminal, securing its position for years to come as the largest facility in Europe.
Cheniere Energy, the US company developing three LNG receiving terminals along the Gulf Coast, announced changes in its marketing and international business teams and structure because of the departure of Keith Meyer as President of Cheniere Marketing.
The Calypso LNG project planned for offshore Florida is making progress, with the US Maritime Administration and the US Coast Guard announcing the availability of the Draft Environmental Impact Statement and the setting of a public meeting in Fort Lauderdale at the end of this month.
Gaz de France, a main buyer of Egyptian LNG and with a stake in the Idku liquefaction plant, said it boosted its position in the country by acquiring a 45 percent share in the Alam El Shawish West exploration and production licence from Vegas Oil & Gas.
MAN Diesel, the marine engine unit of Germany’s MAN Group, said its latest propulsion packages were tested successfully on three of the world’s largest and newest LNG carriers.
Marathon Oil Corp. said its Equatorial Guinea LNG plant in West Africa, which was shut down a month ago because of technical problems, may not be able to resume production until December.