LNG

Qatargas, the world’s largest LNG exporting company, said it signed a new sales agreement with Royal Dutch Shell to deliver up to 1.1 million tonnes to the European energy major for up to five years.

Australian LNG export plants performed strongly last month with the established West Coast facilities, North West Shelf, Pluto and Darwin all producing at above contract levels, while the new Gorgon plant continued to ramp up.

BP of the UK and one of India’s largest conglomerates, Reliance Industries, plan to develop two deepwater natural gas fields to bring new production to India at a time when the nation is also increasing its LNG imports and expanding its regasification and pipeline infrastructure.

Norway-based IM Skaugen is beginning its medium-term contract to charter three of its multi-gas carriers to a small-scale LNG venture in the West African state of Ghana.