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UK-listed commodities and mining company Glencore is considering increasing its presence in the liquefied natural gas market beyond its trading activities by joining a floating LNG import and power project in the Philippines.
Woodfibre LNG, the Canadian export venture planned for the district of Squamish in British Columbia and owned by a Singapore-based company, has signed a preliminary supply deal with a subsidiary of the largest Chinese LNG importer, China National Offshore Oil Corp.
US natural gas exports, comprising LNG shipments from Louisiana and Maryland have surged in the first half of 2018, while US pipeline supplies to Mexico rose by just 4 percent and exports to Canada were offset by a jump in imports from the northern neighbour during the winter cold snap.
Stolt-Nielsen Ltd, the Norwegian-listed shipping and storage group, said it had joined with Norwegian peer companies Golar and Hoegh in a combined investment commitment of $182 million in a project in the small-scale market called Avenir LNG.
Indian Prime Minister Narendra Modi inaugurated the Mundra liquefied natural gas import terminal, the third sited in Gujarat state and the fifth on the West Coast of India, while no facilities currently operate on the East Coast.
Qatar Petroleum President and Chief Executive Saad Sherida Al-Kaabi has held talks in Islamabad with Pakistani Prime Minister Imran Khan centering on more liquefied natural gas supplies for the Asian nation as it plans a third import facility.
Sempra Energy, the California-based utility and energy company developing the Cameron LNG export plant in Louisiana, has received its draft environmental impact statement from regulators for the proposed Port Arthur LNG project in Texas, comprising the largest liquefaction Trains planned so far for a Gulf Coast venture.
LNG Canada, the export project in British Columbia led by Royal Dutch Shell, is expected to announce a final investment decision to progress with the joint venture to turn the huge surplus Canadian natural gas into LNG and ship it to nations such as China and South Korea,
US regulators have granted another request from Algonquin Gas Transmission, owned by Enbridge Inc., authorizing the placing into service of part of its Atlantic Bridge pipeline project in the state of Connecticut on its expansion route through the New England states to the Canadian Maritime provinces.
German chemicals and energy group BASF and LetterOne, the investment vehicle of Russian billionaire Mikhail Fridman and chaired by former BP Chief Executive Lord Browne, signed a definitive transaction agreement to merge their respective German-based oil and gas businesses, BASF’s Wintershall and Fridman’s Deutsche Erdoel AG (DEA).