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Royal Dutch Shell and companies from three of Asia’s biggest LNG nations Japan, China and South Korea may look again soon at the US$30-billion LNG Canada project because of rising demand for transportable natural gas in the next 10 years and a rebound in the oil-linked energy market.
Indonesian company Badak, a subsidiary of state energy company Pertamina, has renewed its agreement with the nation’s State Asset Management Agency to maintain its status as the sole operator of Indonesia’s oldest liquefied natural gas plant in Bontang in the province of East Kalimantan.
Flex LNG, the Norwegian company whose shareholders include a fund controlled by shipping magnate John Fredriksen, said it entered into a time-charter contract for a newbuild LNG carrier with Uniper, the German utility and energy company.
Australian LNG operator Santos and Singapore Petroleum Co. have received approval from the Indonesian authorities for the Sampang joint venture to proceed with the drilling of the offshore Paus Biru-1 exploration well in the Madura Strait.
Peru, the only liquefied natural gas producer in South America, has seen its domestic natural gas resources boosted by first production from the Sagari field in the nation’s Cusco region and with other output more easily meeting its liquefaction and export needs.
Chinese energy major Sinopec, whose LNG assets include a stake in the Australia-Pacific LNG plant in the state of Queensland, said it started trial operations at its small-scale LNG production plant at Fuling in southwest China.
Marubeni Corp., the Japanese trading house with stakes in liquefaction plants in Qatar, Equatorial Guinea as well as LNG shipping and trading interests, is studying the launch of large-scale LNG bunkering operations in Thailand at Laem Chabang, the nation’s largest industrial port.
South Korea's state-run Korea Gas Corp. said it was now taking revenues from the Australian Gladstone LNG project as well as increasing its imports from Australia and the US as the Asian nation vies with China for the No. 2 spot in the league of global LNG importers after Japan.
The State of Alaska has approved ExxonMobil’s plan for the engineering and construction to expand the Point Thomson project on the North Slope oil and gas fields to increase future production and the prospects for the Alaska LNG project.
Belgian shipping line Exmar has taken delivery of the world’s first barge-based floating LNG storage and regasification unit (FSRU) constructed at the Chinese Wison Shipyard in Nantong port in the eastern province of Jiangsu.