LNG

Jan 25 (LNGJ) - BHP Billiton, the Australian commodities and energy company with a stake in the North West Shelf LNG export plant, said its full-year 2016 average LNG price realized was US$7.95 per million British thermal units. BHP Chief Executive Andrew Mackenzie said in an update on activities that the company was accelerating its “counter-cyclical” exploration efforts in the petroleum sector in 2017. “We are encouraged by recent positive drilling results at the LeClerc well in Trinidad and Tobago and the Caicos well in the Gulf of Mexico. After the first successful rig, our Onshore US gas hedging program will also be expanded to secure attractive returns,” said Mackenzie.