LNG

US independent exploration and production company Devon Energy said it planned to sell upstream shale-gas assets worth around $1 billion, mostly in the Barnett shale area and which could be attractive to European and Asian LNG liquefaction tolling agreement holders.

The Premier of Western Australia told the LNG 18 conference in the city of Perth that in addition to soon becoming the world’s largest liquefied natural gas producer, Australia was now a “test lab” for conventional gas, coal-seam gas, shale gas and Floating LNG with potential for many more projects.