LNG

Reliance Industries, the Indian conglomerate and a leading energy company supplying rising domestic gas volumes to supplement LNG imports, reported an increase in earnings across its energy division and the start-up soon of a third gas field in the Krishna Godavari Basin KG-D6 block on the East Coast of India.

Indian liquefied natural gas imports suffered another large monthly fall by more than 16 percent because of the slowing economy and the higher prices needed to attract additional shipments from the higher-priced Atlantic Basin.

Natural gas market prices and LNG cargo values declined in the Atlantic and Pacific Basins though stayed at substantial levels as the worldwide supply shortfall was marked this week by a lack of LNG tankers for charter and moderate cargo lifting levels at export plants.

Free ReadUS energy company Sempra, operator of the Cameron LNG export plant in Louisiana, has signed an amended engineering, procurement and construction (EPC) contract with engineering firm Bechtel Energy for the Port Arthur LNG export project in Texas. Bechtel and the Sempra unit, Sempra Infrastructure, have amended the EPC contract for…