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The Cameroon floating liquefied natural gas venture offshore the West African nation is expected to produce its first LNG soon, though the start of full commercial operations is set for the first quarter of 2018.
Chinese and Japanese energy analysts have met in Beijing to exchange views on the challenges facing their respective countries and the key issue to emerge was that LNG and gas demand in China has resumed its rapid expansion because of four main factors.
Pembina Pipeline Corp. of Canada has approved investments of around US$1.3 billion for 2018, including a proportion of spending to make progress on the Jordan Cove LNG export plant planned for the Northwest US state of Oregon.
North Asian LNG spot prices have strengthened, driven by increasing Chinese and Indian demand, together with the usual stock build for winter in Japan and South Korea.
Delek Group, the Israeli company focusing on the energy sector, said it expected to sell natural gas to Egypt in the future from its Tamar and Leviathan gas field projects in the East Mediterranean as Egyptian needs outstrip its supplies.
The $25-billion Yamal LNG project in the northeast Siberian region of Russia, led by natural gas company Novatek, said it received state permission to commission the first liquefaction production Train and associated infrastructure.
Gasum, the Finnish natural gas company, said it planned to expand its liquefied natural gas filling station network to Sweden and Norway during 2018.
Italian energy Company Eni, which has an impressive record of huge natural gas finds in recent years that have led to LNG development in Mozambique and Egypt soon ending its shortfall in pipeline gas, has received approval from the US for drilling offshore Alaska.
Beach Energy, the emerging market player in Australia, said it signed an agreement to acquire equity in two North West Shelf exploration permits in the Carnarvon Basin offshore Western Australia with LNG production prospects.
Gazprom, the Russian natural gas giant and main supplier of pipeline supplies to the European Union, as well as owner of the expanding Sakhalin LNG plant, has fully re-entered the financial mainstream with an agreement involving JPMorgan Chase Bank of the US and two of the largest Japanese banks.