The strategic role of natural gas and LNG was discussed at a recent forum in Washington DC as leading global analysts met to focus on the expansion at a once unimaginable speed and at a larger-than-expected scale of the shale-gas production revolution.
Royal Dutch Vopak, the energy storage giant with LNG terminal assets in Holland and Mexico, and Canadian company AltaGas plan to develop an alternative gas export terminal on Ridley Island in British Columbia where an LNG venture had been planned by BG Group of the UK, now part of Shell.
Australian company Santos, a stakeholder in three Asia-Pacific liquefied natural gas production plants, said it received further positive results from the Muruk 1 gas exploration well being drilled in the Papua New Guinea Highlands to help underpin PNG LNG plant expansion.
Delek Group of Israel said the financing from two international banks of the Leviathan natural gas project in the East Mediterranean to supply LNG buyer Jordan among others has been finalized and the first payments are being made.
Chiyoda Corp. the Japanese energy engineering company working on liquefaction projects such as Yamal LNG in Russia and Cameron LNG in Louisiana, recorded an annual loss of more than $360 million as it installed a new management team to recover from problems at a subsea market subsidiary.
Japanese government figures show that the average delivered price of spot liquefied natural gas shipments arriving in Japan was higher at an average $5.90 per million British thermal units in April compared with $5.80 per MMBtu in April 2016.
The Arctic Council, meeting in the Alaskan town of Fairbanks, had former ExxonMobil Chief Executive Rex Tillerson, the US Secretary of State, saying the US had not formulated its final greenhouse-gas policy, though he had overseen plans to produce Alaskan LNG to ship to Asia as a clean fuel.
Crowley Maritime Corp. said its liquefied natural gas services group has been awarded a multi-year contract to supply additional volumes of containerized LNG shipped from Florida to pharmaceutical manufacturing plants in Puerto Rico.
AES Dominicana, a subsidiary of AES Corp. of the US, has signed an agreement to supply liquefied natural gas to the Barbados National Oil Company from its AES Andres LNG terminal in the Dominican Republic.
Anadarko Petroleum Corp., the US company with plans to develop LNG projects in the southeast African nation of Mozambique, has made executive changes to its US and international operations team leadership as it moves forward after the Colorado accident that led to a temporary shutdown of 3,000 wells in the…