LNG

Viability of BG Group's planned LNG export project in Tanzania is boosted by higher-than-anticipated flow rates at a test well at its Mzia discovery, which reduce reservoir risk.

As cheap US shale gas risks to flood global LNG markets, Asian buyers are hesitant to enter long-term offtake agreements from Chevron's Gorgon LNG export terminal in Australia - one of the world's most expensive projects.

Anticipating the end of BG Singapore Gas Marketing's current quasi monopoly on LNG sales in Singapore, the Energy Market Authority (EMA) has started the selection process to license two importers for the time when the city states' gas demand will rise beyond 3 mtpa.