Gas Natural, the Spanish LNG player, has tried to push forward two LNG terminal projects it has in Italy by choosing Italian company Snam Rete Gas to construct pipelines linking the terminals planned for the ports of Trieste and Taranto to Italy's national grid.
LNG production at current levels would only be able to satisfy less than half the global demand anticipated by 2015, Woodside Petroleum Chief Executive Dan Voelte told a conference in Tokyo.
BG Group, the LNG portfolio player which has been the subject of takeover speculation this week, has suggested that Alaskas huge North Slope natural gas reserves could be turned into LNG and traded in the Pacific Basin.
Emerson Process Management, the flow instrumentation and system developer, said it was set to deliver its Rosemount Tank Gauging system to the Qatargas II LNG project.
Russias $20-billion Sakhalin II LNG project, which comes on stream in about eight months, is expected soon to act on an expansion plan to raise annual LNG production capacity by at least 7 million tonnes per annum.
ENI of Italy said it signed a wide-ranging agreement to consolidate its partnership with Libya National Oil Corp. that will see the Libyans build a new LNG production plant and boost oil and natural gas exploration and production.
GDF SUEZ, the new French energy giant that will be created from the merger of Gaz de France and Suez in early 2008, has pledged to accelerate its development of natural gas activities such as LNG and to boost LNG supplies.
Technip said it appointed Bernard di Tullio as President and Chief Operating Officer with responsibility for worldwide operations as the French energy and LNG engineering firm also announced an operational reorganization.
Woodside Petroleum said it planned to start the construction of the Pluto LNG project after receiving final approval from the authorities.
EGL, a Switzerland-based European energy trading group, said it had entered the LNG cargo trading business and its first cargo would be delivered soon to a regasification terminal in Spain.