Gas Natural Fenosa, the Spanish utility with liquefied natural gas contracts at the US Sabine Pass facility and Russia’s Yamal LNG as well as businesses such as the Maghreb-Europe gas pipeline and gas distribution in five Latin American countries, posted a first-quarter jump in revenues and net income.
Royal Dutch Shell posted a 17 percent increase in first-quarter sales volumes of liquefied natural gas from its global production assets located in countries such as Australia, Qatar, Nigeria and Peru as higher prices offset a rise in operating costs.
Developers of the Rio Grande liquefied natural gas project in Texas have told an audience in the Chinese capital Beijing they intend to produce abundant supplies for Asian markets from US resources in areas such as the Permian Basin.
Australian LNG asset holder Santos, including the operatorship of the Gladstone coal-seam-gas-to-LNG export joint venture in the eastern state of Queensland, said it completed the commissioning and start-up of the Scotia natural gas expansion project.
The nations of southern Europe are increasing their reliance on LNG imports during periods of peak demand and are ready importers of new US volumes, while the countries of northern Europe led by the UK are losing their appetite, along with the Dutch and the Belgians.
The US and Japanese governments said they planned to offer financing and technical assistance to countries within the Indian subcontinent and southeast Asia as part of the promotion of US liquefied natural gas exports to the region.
Bangladesh is now a liquefied natural gas importer after a floating storage and regasification unit (FSRU) provided by Excelerate Energy of the US arrived at the Asian nation’s Moheshkhali Island on the Bay of Bengal and unloaded a commissioning cargo supplied by Qatar.
Cheniere Energy has settled with US energy infrastructure regulators the terms and conditions under which it is allowed to bring back into service two LNG storage tanks temporarily shut at the Sabine Pass export plant in Louisiana.
Qatar Gas Transport Co, the Gulf state’s LNG fleet operator, posted an increase in net profits and revenues as it expanded to almost 70 vessels amid more efficiency and rationalized operational expenses.
Tellurian Inc., the developer of the Driftwood LNG project in Louisiana and whose Chairman is former Cheniere Energy Chief Executive Charif Souki, has set aside a pool of around $280 million for executive bonuses, including up to $35M for CEO Meg Gentle as the construction work proceeds near Lake Charles…