LNG

Global banks and insurance companies formed a long line to invest in Qatar Petroleum’s US$12.5 billion bonds to finance liquefied natural gas expansion in the Arab Gulf and the multi-tranche offerings could have been subscribed more than three times.

Noble Energy of the US said it was still actively exploring a floating LNG export project using East Mediterranean resources from the Leviathan gas field offshore Israel while its LNG production venture in Equatorial Guinea in West Africa was progressing.