LNG

Moheshkhali Floating LNG, Bangladesh’s first regas facility, has been commissioned by Exelerate Energy just 25 month after the project was first announced. Qatargas supplied the commissioning cargo.

Amid rising tensions, PetroChina considers suspending its US LNG purchases for delivery this winter. Location swaps of cargoes might help sort matter, with Japan and South Korea expected to step up imports of American LNG in order to sell some cargoes onward to Chinese buyers.

Panama’s $1.15 billion AES Colón venture, an integrated LNG import terminal and power plant, is due to start full commercial operation on September 1. Investors inaugurated the project this week.

ASX-listed Horizon Oil has just finalised the engineering concept on its Western LNG development in Papua New Guinea. The 1.5 mpta project will generate US$20-30 billion in revenues over its lifetime, according to Horizon’s new CEO Michael Sheridan.