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Italian energy engineering company Saipem was awarded a joint venture contract with CTCI Corp. of Taiwan to construct Thailand’s new Nong Fab LNG import terminal, the nation’s second regasification facility.
French law firm De Gaulle Fleurance and Associés has released the first standard terms and conditions for the sale and purchase of liquefied natural gas, offering a more efficient way to trade LNG on the spot and short-term markets.
Singapore LNG cargo indices moved as high as US$9.50 per million British thermal units, led by North Asia and Dubai-Kuwait-India shipments for delivery windows in the second half of August at prices above the $9.87 per MMBtu level as crude oil underpinned the market.
The SK Group of South Korea has signed an accord with the Department of Energy of the Philippines on the construction of LNG infrastructure worth $1.7 billion in the Southeast Asian nation.
The Quebec government has banned hydraulic fracturing for shale gas throughout the French-speaking Canadian province as part of measures to further regulate oil and gas exploration even as the area has Utica Shale resources that in the US form a part of the shale boom enabling LNG exports.
Gladstone LNG, one of three coal-seam-gas to-LNG plants built on Curtis Island in the Australian state of Queensland over the past three years, has delivered its 200th cargo.
Geveran Trading, the company indirectly controlled by trusts established by Norwegian shipping magnate John Fredriksen, is continuing to back the Flex LNG model, the project and small fleet operator whose Chief Executive recently resigned.
Lloyd’s Register, the UK maritime classification society, has agreed to jointly develop a dual-fuel bulk carrier, including liquefied natural gas-powered capability, with Shanghai Waigaoqiao Shipbuilding Co. of China.
US congressmen from the western states of Colorado and Utah have voiced support for the Jordan Cove LNG export plant proposed for the northwest state of Oregon as an outlet to Asia for Rocky Mountain region natural gas and huge shale-gas resources from the Piceance Basin.
Qatar Petroleum said it was intent on meeting the LNG requirements of India with shipments from future Qatargas output as the Asian nation moved along the path towards a gas-based economy.