LNG

Feb 2 (LNGJ) - Marathon Oil, operator of the Equatorial Guinea LNG plant, said its integrated natural gas division income was $20 million in the fourth quarter compared to $33M in the same period last year. This decline was a result of lower LNG volumes, primarily due to the third quarter 2011 sale of Marathon's interest in the Kenai LNG plant in Alaska, and weak Henry Hub gas prices for EG LNG sales. For the full year, income was $178M, compared to $142 million in 2010. The full-year natural gas division increase was primarily related to higher volumes of LNG and methanol, somewhat offset by lower Henry Hub gas prices. Net sales of LNG from the EG LNG plant were 6,984 metric tonnes per day in the fourth quarter compared with 7,918 tonnes per day in the same period a year ago.