LNG

OLT Offshore LNG Toscana, the floating terminal offshore the Italian Mediterranean port of Livorno in Tuscany, has chosen the winner of a liquefied natural gas cargo tender from six offers received.

The Chinese State Council is pursuing its three-year action plan to win the battle for “Blue Sky” and major energy companies will further increase LNG purchases to secure sufficient cargoes for 10 cities in northern China to supplement pipeline supplies from areas such as Central Asia.

Italian energy company Eni, the developer of LNG projects in Mozambique and other world-class natural gas ventures worldwide, has had its debt rating reduced by the main US ratings agency because of concern over Italian government debt arising from the worsening budget dispute with the European Commission.

Canadian Woodfibre LNG President David Keane said the small-scale liquefaction and export venture proposed for the district of Squamish in British Columbia was expected to move to the construction phase in the first quarter of 2019.