LNG

Australia, whose LNG output will soon exceed 80 million tonnes per annum, is proposing other nations follow its initiative for industry-wide coordination of plant shut-downs and more sharing of infrastructure.

Sovcomflot, the Russian shipping line with growing interests in LNG projects and LNG-powered vessels, swung to a first-half loss and said the conventional tanker freight market remained challenging, with rates still well below the average levels seen over the last quarter of a century.

Eni, the Italian energy company that has made large natural gas discoveries in Mozambique and Egypt over the past few years, has acquired 124 exploration leases covering 350,000 acres onshore in the eastern part of the Alaska North Slope from Caelus Alaska Exploration Co., a privately-held US exploration and production…

US regulators have approved commissioning of the first Train at the Freeport liquefied natural gas export plant at Quintana Island in Texas, further boosting Gulf Coast production prospects.