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Daily News

Daily News (16520)

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CB&I, the leading US engineering, procurement and construction company, said it won an LNG contract in Australia valued at more than $373 million for part of Woodside Energy’s development of the Pluto LNG project.
Eni, the Italian energy company, said worldwide natural gas sales rose in the past three months, partly boosted by LNG sales in the Asian and North American markets.
Uruguay and Argentina are seeking international partners to build a joint LNG import and regasification terminal near the Uruguayan capital, Montevideo, and to serve both countries.
BP has signed up for $884 million of  loans from six banks from Japan, China and Europe to complete the final tranche of financing for the Tangguh LNG project in Indonesia that is scheduled to be completed in October next year.
South Korea is expected to boost its Middle East LNG deliveries in the next 12 months as more supplies arrive from traditional seller Oman LNG and from the new Yemen LNG project that comes on stream towards the end of 2008.
Tokyo Gas Co., one of the world’s largest buyers of LNG, said fiscal first-half operating income dropped 34 percent as expenses, including purchases of LNG, rose at a faster pace than gas sales income.
Total, one of Europe’s main LNG players, said it acquired a 40 percent interest in three natural gas exploration permits in the Australian Browse Basin and Japanese energy company Inpex bought the remaining 60 percent as both companies seek to underpin their joint venture Ichthys LNG project.
The Province of Quebec's cabinet has given the go-ahead for the Rabaska LNG project that plans to build a terminal on shores of the St. Lawrence River and import LNG from Algeria and Russia.
Malaysia International Shipping Corp. has held a naming ceremony for its 25th LNG carrier, the 145,000 cubic metres capacity “Seri Ayu” built at Samsung Heavy Industries shipyard in South Korea.
StatoilHydro of Norway has agreed to become a partner of Russia’s Gazprom and France's Total to develop the huge Shtokman LNG and pipeline project in the Barents Sea.