Several global LNG production projects will have a significant impact when they eventually come onstream, including the Alaska LNG venture that highlights the need for significant levels of investment to the tune of $43 billion for infrastructure to monetize large natural gas resources.
Sembcorp Marine of Singapore has raised its purchase price for the acquisition of the intellectual property rights of Oslo-listed Sevan Marine to US$39 million from US$28 million and including the Sevan subsidiary HiLoad LNG.
PetroVietnam executives have held talks with Russian natural gas company Gazprom to discuss limited Vietnamese offshore gas production and the progress of liquefied natural gas projects in the Southeast Asian nation that is still without LNG imports or infrastructure.
Singapore LNG cargo indices eased to around $10.35 per million British thermal units for North Asia in the second half of August and prices were lower for all other areas through September, including Dubai-Kuwait-India shipments as demand dropped off.
Nippon Kaiji Kyokai, the Japanese maritime classification society known as ClassNK, has approved the concept and design of an LNG-powered large Capesize bulk carrier put forward by Japanese shipping companies NYK Line and Japan Marine United.
US LNG export data from the Department of Energy shows that buyers at the Sabine Pass plant in Louisiana paid a maximum of $6.09 per million British thermal units at the export point compared with up to $8.16 per MMBtu at the Cove Point plant in Maryland.
Stolt-Nielsen Ltd, the Norwegian-listed shipping and storage group, said in its second-quarter earnings that its gas subsidiary was continuing to focus on the development of small-scale LNG storage and distribution supply chains to serve locations lacking access to natural gas pipelines.
Japanese energy company Inpex said it was still scheduled to ship its first LNG cargo from the Australian Ichthys liquefaction plant near Darwin by the end of September, even as the joint venture has had some last-minute delays.
Italian energy company Eni has started natural gas production from the Sankofa gas field offshore Ghana as the West Africa nation still awaits firm progress on one of the various LNG import projects it has been involved in to meet its growing energy needs.
Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipbuilder by construction contracts, said it received an order from a Greek shipping company to construct a liquefied natural gas floating storage and regasification unit.